US Foods makes board leadership change
US Foods makes board leadership change
Dave Flitman, currently CEO of US Foods Holding Corp., has assumed the additional role of chair of the board. David Tehle, currently chair, transitioned to the role of lead independent director of the board.
As chair of the board and CEO, Flitman will continue to lead the company’s day-to-day operations, while working closely with the board to guide the company’s long-term strategic direction. As lead independent director, Tehle will retain significant responsibilities, working alongside the chair and the full board to continue the board’s independent oversight role, strong corporate governance practices and commitment to acting in the best interests of shareholders.
“The board believes that combining the strategic oversight of the board with the day-to-day management of the company will accelerate US Foods long-term growth potential,” said Tehle. “Dave Flitman is a proven operator with deep foodservice experience. Under his strong leadership over the last three-and-a-half years, US Foods has seen significant improvement in safety performance, share gains, supply chain productivity and customer service levels, while delivering industry-leading earnings per share growth. At the center of these improvements has been a relentless focus on our customers and helping them make it.
"I have great confidence in Dave’s ability to continue guiding the team to deliver long-term shareholder value, and I look forward to continuing to support the board and leadership team as US Foods builds on its strong momentum,” said Tehle.
“I am honored and grateful for the board’s confidence and look forward to our continued collaboration as we deliver value for our customers and shareholders, drive consistent share gains across our target customer types and continue to advance operational excellence and productivity throughout the business,” said Flitman. “I want to thank David Tehle for his strong partnership as chair of the board, and I appreciate his continued support as he transitions to lead independent director.”