Houston, Tx., USA - August 21, 2015, Houston, Tx., USA - Sysco Corporation, a food company, announced that it has added Nelson Peltz and Josh Frank, to its board of directors, effective August 21, 2015.
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Mr. Peltz is a Founding Partner and has served as Chief Executive Officer of Trian Fund Management, L.P. since its formation in 2005. Mr. Peltz has served as a director of The Wendy's Company, the second-largest quick-service hamburger company in North America, since 1993, and non-executive Chairman since 2007.
Mr. Peltz has served as a director of Mondelez International, Inc., a global snacking company, since January 2014, and as a director of The Madison Square Garden Company, a sports, entertainment and media company, since December 2014.
He served on the board of directors of Ingersoll-Rand plc, a global diversified industrial company, from 2012 to June 2014. From 2006 until June 2013, Mr. Peltz served as a director of H.J. Heinz Company.
From 2009 until December 2014, Mr. Peltz served as a director of Legg Mason, Inc. and served as Chair of its Nominating and Corporate Governance Committee from 2013 until December 2014.
Mr. Peltz began his business career in the 1960s when he joined A. Peltz and Sons (APS Food Systems, Inc.), a frozen food distributor. In the 1970s, together with his Trian co-Founding Partner, Peter May, Mr. Peltz expanded APS both organically and through M&A.
The company was merged with Flagstaff Corporation resulting in the formation of the largest foodservice distributor in the northeast United States, and was sold to a private investor group. Mr. Peltz will join the Corporate Governance and Nominating Committee.
Mr. Frank is a Partner and has been a member of the Trian investment team since Trian's formation in 2005. Mr. Frank has played a leading role in many of Trian's investments in the consumer sector, as well as numerous investments across other industries. Mr. Frank was previously an Associate, Corporate Development, of Triarc Companies, Inc. ■