SYSCO Corporation (NYSE: SYY), the largest foodservice marketer and distributor in North America, announced today that Michael S. Headrick, executive vice president at Sysco Food Services of South Florida, Inc., has been named executive vice president and chief operating officer at Sysco Food Services of Jackson, a SYSCO subsidiary located in Jackson, Mississippi. Mr. Headrick will assume his new duties effective July 2, 2000, the beginning of SYSCO’s fiscal year 2001.
Richard J. Schnieders, executive vice president and chief operating officer of SYSCO, said Mr. Headrick, 51, began his SYSCO career in 1978 as a staff accountant at the company’s Nashville, Tennessee operation. In 1980 he advanced to controller, then vice president of finance in 1987, and in 1989 he became senior vice president of finance and administration. In 1993 Mr. Headrick transferred to Sysco Food Services of South Florida, Inc. as senior vice president of finance and operations, and in 1997 was named to his current position.
A native of Nashville, Mr. Headrick earned a bachelor of business administration degree in accounting in 1976 from Middle Tennessee State University in Murfreesboro, and in 1983 he earned a master of business administration degree from Tennessee State University in Nashville. He and his wife Esther have a grown daughter and will relocate to the Jackson area in the near future.
Sysco Food Services of Jackson, Inc. markets and distributes a complete line of food and related products to restaurants, healthcare and educational facilities, business and industry locations, lodging and resort establishments, and other foodservice operators throughout Mississippi and portions of Alabama and Louisiana.
SYSCO is the largest foodservice marketing and distribution organization in North America. Generating projected sales in excess of $19 billion for fiscal 2000, the company provides food and related products and services to about 325,000 to 350,000 customers, including restaurants, healthcare and educational institutions, lodging establishments and other foodservice operations. The SYSCO distribution network, supported by over 39,000 employees, currently extends throughout the entire contiguous United States and Alaska, as well as portions of Canada.
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Certain statements made herein are forward-looking statements under the Private Securities Litigation Reform Act of 1995. They include statements regarding fiscal 2000 annualized sales projections. These statements involve risks and uncertainties and are based on current expectations and management’s estimates; actual results may differ materially. Those risks and uncertainties that could impact these statements include the risks relating to the foodservice distribution industry’s sensitivity to economic conditions; the successful completion and integration of acquisitions; the risk of interruption of supplies due to lack of long-term contracts, severe weather, work stoppages or otherwise; and other risk factors detailed in SYSCO’s Form S-3 (File No. 333-34036) filed with the Securities and Exchange Commission on April 5, 2000.