SYSCO Corporation (NYSE: SYY), the largest foodservice marketer and distributor in North America, announced today that Thomas G. Wason has been promoted to the position of vice president, perishables. The promotion is 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. Wason, 47, began his career at SYSCO in 1989 as senior merchandiser, produce, at the company’s produce merchandising services division in Salinas, California. In 1990 he became general manager, produce, and in 1993 was named director of perishables. In 1998 he advanced to his current position of assistant vice president, perishables. Mr. Wason spent 20 years in the retail grocery business prior to joining SYSCO, including 11 years as director and nine years as store manager for a major grocery chain.
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A native of California, Mr. Wason was born in San Francisco and raised in the Salinas Valley. During his career at SYSCO he has also served on the board of directors for the Produce Marketing Association from 1996 to 1998. He and his wife, Nanette, have three grown children, two sons and a daughter, and live in Salinas.
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.
Forward-Looking Statements
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.
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