US Foods CEO Satriano steps down; Iacobucci interim CEO; board adds 3 directors via Sachem Head deal

US Foods Holding Corp.

CEO Pietro Satriano leaves immediately; Andrew Iacobucci (CCO) appointed interim CEO; Robert Dutkowsky becomes executive chairman.
Board increases to 13 members; appoints James Barber, Scott Ferguson (Sachem Head), David Toy effective May 18, 2022.
Sachem Head withdraws director nominations; agrees to standstill, voting alignment, and 9.9% ownership cap.
Board forms 5-member CEO search committee; Ferguson and Toy will serve on it.
FY2022 guidance reaffirmed; CFO Dirk Locasio gets retention package: base salary to $700k, $250k retention payment.

item 1.01 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed (interim)

Pietro Satriano

Chief Executive Officer

USFD · US Foods Holding Corp.

Effective: 2022-05-10
Successor: Andrew Iacobucci
Filed: May 10, 2022, 7:59 PM ET

On May 10, 2022, the Company announced that its Chief Executive Officer, Pietro Satriano, is leaving the Company, effective immediately.

Role change (interim)

Andrew Iacobucci

Interim Chief Executive Officer

USFD · US Foods Holding Corp.

Effective: 2022-05-10
Filed: May 10, 2022, 7:59 PM ET

Andrew Iacobucci will be appointed Interim Chief Executive Officer, effective immediately.

Role change (interim)

Robert M. Dutkowsky

Executive Chairman

USFD · US Foods Holding Corp.

Effective: 2022-05-09
Filed: May 10, 2022, 7:59 PM ET

On May 9, 2022, the Company designated and appointed Robert M. Dutkowsky, who currently serves as its non-executive Chairman, as Executive Chairman, to serve in such role until a permanent Chief Executive Officer has been selected.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Pietro Satriano departed as Chief Executive Officer at US Foods Holding Corp..

Action: leaving
Role: Chief Executive Officer

Exact text from the filing

On May 10, 2022, the Company announced that its Chief Executive Officer, Pietro Satriano, is leaving the Company, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Andrew Iacobucci was appointed as Interim Chief Executive Officer at US Foods Holding Corp..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

Andrew Iacobucci will be appointed Interim Chief Executive Officer, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert M. Dutkowsky was appointed as Executive Chairman at US Foods Holding Corp..

Action: appointed
Role: Executive Chairman

Exact text from the filing

On May 9, 2022, the Company designated and appointed Robert M. Dutkowsky, who currently serves as its non-executive Chairman, as Executive Chairman, to serve in such role until a permanent Chief Executive Officer has been selected.

View on SEC.gov

US Foods Holding Corp. filing history →

Source: SEC EDGAR

accession 0001387131-22-005889

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