Sysco Corporation
Sysco Awards Executive VP with Performance Share Units Tied to Technology Initiative
Summary
On February 26, 2025, Sysco Corporation's Compensation and Leadership Development Committee approved a one-time award of performance share units valued at $1.5 million for Mr. Thomas R. Peck, Jr., Executive Vice President, Chief Information and Digital Officer. This award is intended to focus him on the successful implementation of a significant, multi-year technology initiative and enhance his retention during this critical period. The PSUs are tied to specific performance metrics related to the technological transformation project, with a payout based on achieving these metrics over a three-year period.
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About Sysco Corporation
Sysco Corporation stands as a leading global distributor of food products, catering to a wide array of customers including restaurants, healthcare and educational institutions, and hospitality sectors. The company's primary function is the distribution of food and related products, which encompasses everything from fresh produce and meat to canned and frozen foods, along with non-food items like kitchen equipment and cleaning supplies. Operating in sectors such as food service, hospitality, and healthcare, Sysco's expansive logistics network ensures the seamless supply chain management needed to support diverse culinary operations across the globe. Founded in 1969 and headquartered in Houston, Texas, Sysco Corporation plays a pivotal role in the food distribution industry by enhancing supplier-client connections through innovative services and solutions. With operations in North America and Europe, Sysco not only facilitates the essential flow of goods required by businesses of all sizes but also supports them in achieving efficiency and quality in their food-related services. Its comprehensive approach to foodservice distribution underscores its significant impact on the global food economy, making Sysco a vital player in the facilitation of dining experiences worldwide.
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