Tim Ørting Joins Sysco as Executive Vice President & President, Foodservice Operations - International

Rhea-AI Summary

Sysco Corporation (NYSE:SYY) announced the appointment of Tim Ørting as the executive vice president & president of foodservice operations – international, effective January 4, 2021. In this newly-created position, Ørting will oversee Sysco’s international operations in Canada, Europe, The Bahamas, and Latin America, focusing on growth strategies. Ørting brings 30 years of experience from Arla, where he led international operations across multiple markets. Sysco generated over $52 billion in sales for fiscal 2020, operating globally with 326 distribution facilities.

Positive

• Appointment of Tim Ørting as executive vice president enhances leadership in international operations.
• Ørting's extensive background in international markets and mergers positions Sysco for growth.
• Over $52 billion in sales for fiscal 2020 indicates strong market presence.

Negative

• None.

HOUSTON, Sept. 30, 2020 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY) announced today that Tim Ørting will join the company as the executive vice president & president, foodservice operations – international, effective January 4, 2021.

In this newly-created role, Ørting will lead Sysco’s international operations in Canada, Europe, The Bahamas and Latin America, as well as the company’s International Food Group business. Based in Sysco’s London office, he will oversee the development and execution of key strategies for growth in these important geographies.

“Tim is an experienced food executive having led commercial and supply chain teams across multiple diverse markets and geographies,” said Kevin Hourican, Sysco’s president and chief executive officer. “His strong track record of delivering results and extensive international experience, including expertise related to mergers and acquisitions, integrations, joint ventures and new market entry, uniquely position him to lead and grow our international businesses."

Ørting joins Sysco from a 30-year career with Arla, a top five international, dairy cooperative based in Denmark, and the world’s largest producer of organic dairy products, with both a branded and private label portfolio. In his current role as the executive vice president, international, for Arla, Tim leads a multinational organization in more than 30 countries in Europe, the Middle East, Africa, Russia, China, Southeast Asia, Australia and the Americas.

About Sysco
Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With more than 57,000 associates, the company operates 326 distribution facilities worldwide and serves more than 625,000 customer locations. For fiscal 2020 that ended June 27, 2020, the company generated sales of more than $52 billion. Information about our CSR program, including Sysco’s 2019 Corporate Social Responsibility Report, can be found at www.sysco.com/csr2019report.

For more information, visit www.sysco.com or connect with Sysco on Facebook at www.facebook.com/SyscoCorporation or Twitter at https://twitter.com/Sysco. For important news and information regarding Sysco, visit the Investor Relations section of the company’s Internet home page at investors.sysco.com, which Sysco plans to use as a primary channel for publishing key information to its investors, some of which may contain material and previously non-public information. Investors should also follow us at www.twitter.com/SyscoStock and download the Sysco IR App, available on the iTunes App Store and the Google Play Market. In addition, investors should continue to review our news releases and filings with the SEC. It is possible that the information we disclose through any of these channels of distribution could be deemed to be material information. 

For more information contact:

Shannon Mutschler
Media Contact
Mutschler.Shannon@corp.sysco.com
T 281-584-4059

FAQ

Who is Tim Ørting and what will be his role at Sysco?

Tim Ørting will be the executive vice president & president of foodservice operations – international, overseeing Sysco's international operations.

When will Tim Ørting start his position at Sysco?

Tim Ørting is set to start on January 4, 2021.

What are the markets Ørting will oversee at Sysco?

Ørting will lead Sysco's operations in Canada, Europe, The Bahamas, and Latin America.

What sales figures did Sysco report for fiscal 2020?

Sysco reported over $52 billion in sales for the fiscal year ending June 27, 2020.

What is Sysco's primary business focus?

Sysco is a leader in selling, marketing, and distributing food products to restaurants, healthcare, and educational facilities.