Sysco Names Ajoy H. Karna Senior Vice President of Finance
HOUSTON, July 18, 2012 (GLOBE NEWSWIRE) -- Sysco Corporation (SYY) announced today that Ajoy H. Karna has been named senior vice president of Finance for the corporation, effective immediately.
"We are pleased that Ajoy will be joining the Sysco team," said Chris Kreidler, Sysco's executive vice president and chief financial officer. "Ajoy will have a broad ranging role, including responsibility for treasury, capital strategy and long-term forecasting. He will also play a role in corporate strategy and the execution of mergers and acquisitions."
For the past 11 years, Karna served in various financial leadership positions at PepsiCo and its Frito Lay subsidiary. At Frito Lay, he was senior vice president and vice president of Finance and was responsible for field finance, national customer finance, foodservice finance, brand finance, pricing and selling/G&A. He also was senior vice president-Mergers and Acquisitions, in PepsiCo's corporate group between 2006 and 2009. Prior to that, he served in numerous roles of increasing responsibility for nine years at The Quaker Oats Company until it merged with PepsiCo in 2001.
Karna graduated from Georgetown University with a Bachelor of Science in Business Administration and the J.L. Kellogg Graduate School of Management at Northwestern University with a Master of Management degree.
Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. The company operates 177 distribution facilities serving approximately 400,000 customers. For the fiscal year 2011 that ended July 2, 2011, the company generated record sales of more than $39 billion. For more information about Sysco visit the company's Internet home page at www.sysco.com and for investor relations news follow us at www.twitter.com/SyscoStock .
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CONTACT: Charley Wilson Vice President, Corporate Communications T 281-584-2423