leadership
confidence high
sentiment neutral
materiality 0.75
Sysco CFO Kenny Cheung resigns to join Fortune 10 firm; Brandon Sewell named interim CFO; FY26 guidance reaffirmed
SYSCO CORP
- Kenny Cheung resigns as EVP and CFO effective April 17, 2026, to accept a role at a Fortune 10 company.
- Board appoints Brandon Sewell, former Senior VP/CFO of U.S. operations, as interim CFO effective March 6.
- Sewell's interim CFO compensation: $420,000 base salary, 100% target cash incentive, 125% base equity award.
- Sysco reaffirms FY26 adjusted EPS at high end of $4.50-$4.60 range and 3%-5% sales growth.
- Company also confirms Q3 consensus adjusted EPS of $0.94 and USFS local case growth of at least 2.5%.