Sysco hires new CFO from Hertz

Sysco, the food distributor, has appointed Kenny Cheung as its new CFO. He joins from Hertz in Florida, where he was the CFO. Mr Cheung replaces Aaron Alt, who resigned in December to take the same position at Cardinal Health.

Neil Russell, the interim CFO, has been appointed Senior VP and Chief Administrative Officer, a newly-created role.

Mr. Cheung was promoted to CFO of Hertz in September 2020. In the month prior, two CFOs at Hertz resigned to take CFO roles elsewhere. Hertz went into Chapter 11 in May 2020, exited in June 2021 and completed an IPO in November 2021. Mr. Cheung joined Hertz in 2018 as Senior VP of Global Financial Planning and Analysis.

Prior to that he spent over 11 years at Nielsen Holdings, including five years in China. He started his career at GE.

Mr. Cheung will receive a base salary of $765,000 and a sign-on cash bonus of $600,000. He will also receive an equity award worth almost $2.5 million.

SEC filing – Sysco Cheung CFO

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