03.12.2014 00:20:44
|
Aramark Elects Eric Foss Chairman, Joseph Neubauer To Step Down
(RTTNews) - Aramark (ARMK), a provider of services in food, facilities management, and uniforms, said Tuesday that Eric Foss, President and Chief Executive Officer, has been elected by the Board to succeed Joseph Neubauer as Chairman. Neubauer has chosen to step down and not stand for re-election in 2015 following 30 years in the role. The changes will be effective at the conclusion of Aramark's annual meeting of shareholders on February 3.
"On behalf of the entire Board and everyone across Aramark, I want to recognize and thank Joe for his legacy in creating an industry leader and one of the most respected companies in the world," said Foss. "It is a privilege to lead Aramark as CEO and I am honored to take on the Chairman's role and stewardship of the company with our Board. I look forward to working closely with the Board and our leadership team to continue building on the momentum we've generated to drive the enterprise to its next chapter of growth and value creation."
Foss has been Aramark's President and Chief Executive Officer since joining the company in 2012, when he was also named to the Board of Directors. During the past three years he has led the company to deliver consecutive years of accelerated revenue and profit growth.
Foss took Aramark public in 2013 and returned the company to the New York Stock Exchange, and there has been a substantial increase in shareholder value since the IPO. Prior to Aramark, Foss spent more than 30 years with PepsiCo and Pepsi Bottling Group, where he ultimately served as CEO of PepsiCo's Pepsi Beverages Company and Chairman & CEO of Pepsi Bottling Group.
Neubauer joined Aramark in 1979 as Executive Vice President of Finance and Development, CFO and a member of the Board. He was elected President in 1981, CEO in 1983 and Chairman in 1984. Prior to Neubauer's retirement as CEO in 2012, the company grew from a $2.5 billion business largely concentrated in the U.S. to a $13 billion global services provider.
Aramark also announced that Board Director James Ksansnak will not stand for re-election and will leave Aramark's board in February. Ksansnak joined Aramark in 1986 and retired as Vice Chairman in 2000. He has served on the Board since 1997.
In addition to electing Foss as Chairman, Aramark's Board has nominated a new member to stand for election at the 2015 annual meeting of shareholders: Irene Esteves, former Executive Vice President and Chief Financial Officer at Time Warner Cable Inc.
Aramark's Board also announced it has appointed Sanjeev Mehra as Lead Director, effective after the annual meeting in February.
![](https://images.finanzen.at/images/unsortiert/wertpapierdepot-absichern-aktienchart-boerse-750493204-260.jpg)
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu Aramarkmehr Nachrichten
03.02.25 |
Ausblick: Aramark verkündet Quartalsergebnis zum jüngsten Jahresviertel (finanzen.net) | |
20.01.25 |
Erste Schätzungen: Aramark legt Zahlen zum jüngsten Quartal vor (finanzen.net) | |
27.10.24 |
Erste Schätzungen: Aramark legt Zahlen zum jüngsten Quartal vor (finanzen.net) |
Analysen zu Aramarkmehr Analysen
Aktien in diesem Artikel
Aramark | 35,80 | 0,00% |
|