Sysco Corporation (NYSE: SYY) has announced the appointment of Roberto Marques to its board of directors, effective August 15, 2024. Marques brings with him extensive experience in global, consumer-focused businesses, having worked in sectors such as healthcare, food, and beauty. His international skill set and diverse business experience are expected to be invaluable as Sysco continues to advance its recipe for growth strategy.
Currently serving as a board director at Alcoa Corporation, the We Mean Business Coalition, and the US Tennis Association Foundation, Marques previously led the expansion and transformation of Natura & Co., a purpose-driven cosmetic group. Before that, he held executive positions at Mondelez International and spent over 25 years at Johnson & Johnson.
For fiscal year 2024, which ended on June 29, 2024, Sysco reported sales of over $78 billion. The company operates 340 distribution facilities worldwide and serves approximately 730,000 customer locations.
With this new addition to the board, Sysco aims to leverage Marques' expertise to drive its growth strategy further and enhance its position as the global leader in selling, marketing, and distributing food products to various customer segments. The market has reacted to these announcements by moving the company's shares 0.7% to a price of $76.27. If you want to know more, read the company's complete 8-K report here.
