Food distributor Sysco adds two board members to advance AI transformation
A Sysco sign is shown outside one of their distribution centers in Poway, California, U.S. February 6, 2017. REUTERS/Mike Blake
Aug 20 : Sysco on Thursday said it has appointed two new directors with artificial intelligence and industry expertise, while also strengthening board oversight, as the food distributor pushes ahead with its AI-driven transformation.
The move comes as food and restaurant companies increasingly adopt AI tools to improve demand forecasting, inventory management, supply-chain planning and customer service.
Here are the details:
• Jason Murray, CEO of logistics technology firm Shipium and a former Amazon executive, and Tom Ondrof, former CFO of food service company Aramark, will join the board on September 1, increasing its size to 13 directors.
• The Houston-based company also said its Technology Committee has been renamed the Artificial Intelligence Transformation & Technology Committee, with Murray joining the panel.
• The company expects $100 million in savings from AI, automation and process improvements in fiscal 2027, contributing to revenue growth of 6 per cent to 7 per cent and adjusted EPS growth of 9 per cent to 11 per cent, per its August outlook.
• Sysco said long-time shareholder D.E. Shaw supports its AI initiatives and expects to participate in the capital raise for the company's planned acquisition of Jetro Restaurant Depot.
