US Foods Appoints CEO Pietro Satriano as Chairman
- by Jordan Okumura
ROSEMONT, IL – US Foods’ current President and Chief Executive Officer Pietro Satriano has been appointed Chairman of the Board, after serving as President and Chief Executive Officer of the company and as a member of the Board of Directors since July 2015.
“On behalf of the board and management team, I’d like to thank John, Rick, and Nate for their significant contributions to US Foods. Their counsel and support have been invaluable in shaping our company’s success,” said Satriano, who joined US Foods in 2011, in a company press release. “I am honored to be appointed Chairman and want to thank the board for the opportunity. I look forward to collaborating with the board as we continue to execute our Great Food. Made Easy. strategy.”
In addition, current Chairman of the Nominating and Corporate Governance Committee for US Foods and Chairman and Chief Executive Officer of Tech Data Corporation, a wholesale technology distributor, Robert “Bob” Dutkowsky has been appointed Lead Independent Director after becoming a director of the company earlier this year.
“In my new role, I remain committed to promoting sound governance practices and helping US Foods drive continued growth and value for our customers, employees, and shareholders,” said Dutkowsky.
After announcing the opening of its secondary public offering of 39,955,545 shares of common stock, which also included the repurchase of 10,000,000 shares of common stock, last week, US Foods also announced yesterday that this public offering is now closed.
Congratulations, Pietro Satriano and Robert Dutkowsky, and good luck in your new roles.
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