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ARAMARK realigns business leadership to drive future growth

17
Jun '09
ARAMARK, a world leader in providing professional services, has realigned its leadership to share best practices and resources more effectively around the world, to develop new solutions to meet client needs and customer preferences, and to better identify opportunities for growth.

As a result, the company has created a new Global Food, Hospitality and Facility Services Group, incorporating the existing ARAMARK North America Food, Hospitality and Facility Services and ARAMARK International into a single organization responsible for delivering services to clients and customers worldwide.

This change follows the company's recent repositioning of its ARAMARK Uniform and Career Apparel business, in which the WearGuard unit is being integrated into ARAMARK Uniform Services, the company's rental business. This will further boost the company's ability to provide both direct sale and rental items seamlessly across its client base, and reduce direct sale operating costs.

“ARAMARK has a long history of continually transforming itself to meet today's challenges, as well as to better position ourselves for the new opportunities of tomorrow,” said Joseph Neubauer, Chairman and Chief Executive Officer, ARAMARK.

“The entire management team has achieved solid results. Our profitability remains strong. Our global footprint has grown to 22 countries whose economies represent more than 70 percent of the world's GDP. I am confident that these changes will better position our business to develop leaders attuned to global requirements, expand sales and margins, enhance customer satisfaction, and provide our people with the tools they need to win in the marketplace.”

The following changes have been made within the ARAMARK management team:
• Andrew Kerin, formerly President, ARAMARK North America Food, Hospitality and Facility Services, has been named Group President, Global Food, Hospitality and Facility Services.
• Ravi Saligram, who continues in his current role as President, ARAMARK International, will assume the added responsibility of Chief Globalization Officer, reporting to Kerin.
• Fred Sutherland continues in his current role as ARAMARK's Chief Financial Officer, and he assumes the added responsibility of providing strategic direction and oversight to the uniform business as Group Executive, ARAMARK Uniform and Career Apparel.
• Thomas Vozzo will continue in his current role as President, ARAMARK Uniform and Career Apparel, reporting to Sutherland.

All four remain Executive Vice Presidents of the corporation and members of the company's Management Committee.

ARAMARK


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