Sysco Names Joel Grade EVP And CFO, Succeeding Kreidler - Quick Facts

(RTTNews) - Food-distribution giant Sysco Corp. (SYY) said it has appointed Joel Grade as executive vice president and chief financial officer, effective September 1, 2015. This follows Chris Kreidler's decision to leave the company in order to relocate to the northeast and spend more time with his family.

Kreidler will remain CFO through August 31, 2015, and work closely with Grade and Sysco's senior executive team to ensure an orderly transition of his responsibilities. Kreidler has also agreed to stay on through the end of December as an advisor to the company.

Grade has served as Sysco's senior vice president of finance and chief accounting officer since early 2014, with responsibility for field finance, commercial finance, financial planning and analysis, financial reporting, and shared services accounting.

He began his career at Sysco as a staff auditor in 1996 and has since held a variety of senior finance and commercial roles, including chief financial officer of Sysco Chicago in 2002 followed by chief financial officer of Sysco Canada in 2007.