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Sysco Names Fernandez Executive Chairman

DeLaney will continue in current role.

Sysco Corporation (NYSE:SYY) named Manny Fernandez its new executive chairman, effective immediately. Bill DeLaney, Sysco's president and chief executive officer, will continue both in his current role and as a member of the company's board of directors.

Fernandez has served as a director of Sysco since November 2006 and as Sysco's non-executive chairman since June 2009. He remains chairman of Sysco's board of directors.