Sysco Corporation (NYSE:SYY) has announced a change in its executive leadership with the resignation of Kenny Cheung, the Executive Vice President and Chief Financial Officer, who will be stepping down to pursue an opportunity at a Fortune 10 company in a different industry. Effective March 6, 2026, Brandon Sewell, a long-serving leader within Sysco’s finance organization, has been appointed as the interim CFO, and Cheung will remain with the company until April 17, 2026, to ensure a smooth transition.
Brandon Sewell, who joined Sysco in 2014, brings with him a strong track record of financial leadership during his 12 years' tenure with the company. He has held various management roles of increasing responsibility within Sysco’s finance organization, most recently serving as Senior Vice President and CFO of Sysco’s U.S. business, the company’s largest business unit.
Sysco's Chair of the Board and Chief Executive Officer, Kevin Hourican, expressed his gratitude for Kenny’s contributions and highlighted the significant advancements made in the finance organization under Kenny’s leadership, including upskilling the finance organization, modernizing financial processes and technology, and increasing return on invested capital (ROIC) discipline to support the company’s long-term strategy.
Brandon Sewell, the newly appointed interim CFO, expressed his honor in serving in this role and his commitment to maintaining financial discipline and delivering value for Sysco’s shareholders during this transition.
Sysco also reaffirmed its fiscal year 2026 financial guidance for adjusted EPS at the high end of $4.50 to $4.60 and sales growth of 3%-5%. The company also remains confident in third quarter 2026 consensus adjusted EPS of $0.94 and USFS local case growth of at least 2.5% compared to the prior year.
Sysco, the global leader in selling, marketing, and distributing food and related products to customers who prepare meals away from home, operates 337 distribution centers in 10 countries, with 75,000 colleagues serving approximately 730,000 customer locations. The company generated sales of more than $81 billion in fiscal year 2025 that ended June 28, 2025.
As Sysco reaffirms its financial guidance for fiscal year 2026, the appointment of Brandon Sewell as the interim CFO marks a significant transition in the company’s leadership, with a continued focus on maintaining financial discipline and delivering value for its shareholders. Following these announcements, the company's shares moved -0.48%, and are now trading at a price of $78.80. Check out the company's full 8-K submission here.
