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    Kevin P. Hourican

    Chair of the Board and CEO at Sysco Corp
    Board
    Since April 30, 2024
    Age
    51 years
    Tenure
    Joined SYY as President and CEO in February 2020 and later promoted to Chair of the Board and CEO on April 30, 2024.

    Also at Sysco Corp

    DJP
    Daniel J. Purefoy
    Senior Vice President and Chief Supply Chain Officer
    EMM
    Eve M. McFadden
    Senior Vice President, Legal, General Counsel, and Corporate Secretary
    GDB
    Greg D. Bertrand
    Executive Vice President and Global COO

    About

    Kevin P. Hourican has dedicated his career to leading transformational change at Sysco Corporation, serving first as President and CEO from February 2020 and then as Chair of the Board and CEO starting on April 30, 2024.

    His leadership has been pivotal in steering the company toward innovative growth, emphasizing enhanced customer experience and international market expansion. Under his guidance, Sysco has realized notable market share gains and record-breaking financial performance.

    Prior to his tenure at Sysco, his extensive executive experience at companies such as CVS Health Corporation and Macy’s played a critical role in shaping his strategic approach. This background has endowed him with a deep understanding of operational leadership and large-scale retail management, providing a solid foundation for his contributions at Sysco.

    While personal details and educational background are not detailed in the available information, his career trajectory and strategic initiatives underscore a robust commitment to driving long-term value for shareholders, customers, and employees.

    $SYY Performance Under Kevin P. Hourican

    Past Roles

    OrganizationRoleDate RangeDetails
    Sysco Corporation President and CEO February 2020 - April 2024 Led the company’s customer-focused transformation and accelerated profitable sales growth
    CVS Health Corporation Executive Vice President and President of CVS Pharmacy N/A Oversaw an $85 billion retail business with 9,900 retail stores and over 200,000 employees
    Macy's Various Executive Leadership Positions N/A Gained extensive expertise in corporate strategy, merchandising, supply chain, and marketing

    External Roles

    OrganizationRoleDate RangeDetails
    Tapestry, Inc. Director Since February 2024 N/A
    Wall Street Journal CEO Council Member Since 2020 N/A
    Business Roundtable Member Since 2020 N/A

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary $1,350,000AnnualFixed annual salary.
    MSP Contributions $164,902AnnualIncludes Matching ($82,451) and Non-elective ($82,451) contributions.
    Annual Cash Retainer (Board Service) $0AnnualNo additional compensation; officeholder is an employee.

    Performance Compensation

    Data from  FY 2024

    Annual Incentive Plan (AIP) Details

    MetricWeightThresholdTargetMaximumActual Result% Achievement
    Operating Income 40%3.291 B 3.537 B 3.890 B 3.481 B 88.8%
    Sales Revenue 30%76.325 B 80.487 B 84.511 B 78.844 B 80.3%
    Digital 10%50% of target 100% of target 200% of target 125% 125%
    Products and Solutions 10%50% of target 100% of target 200% of target 110% 110%
    Carbon Reduction 6%50% of target 100% of target 200% of target 118.3% 118.3%
    Diverse Candidate Pool 4%50% of target 100% of target 200% of target 109.1% 109.1%
    • AIP Target Opportunity: $2,349,038
    • Final AIP Payment: $2,221,000 (reflecting 94.6% achievement)
    • Evaluation Period: Fiscal Year 2024
    • Vesting Schedule: Not applicable (cash-based incentive)
    • Additional Notes: No individual performance modifier adjustments were applied.

    Performance Share Units (PSUs) (LTIP Component) Details

    MetricWeightingThreshold (50% payout)Target (100% payout)Maximum (200% payout)
    Earnings Per Share (EPS) 37.5%Not disclosed Not disclosed Not disclosed
    Return on Invested Capital (ROIC) 37.5%Not disclosed Not disclosed Not disclosed
    Revenue Growth 25%Not disclosed Not disclosed Not disclosed
    • Grant Date: August 10, 2023
    • Grant Date Fair Value (PSUs): $5,894,165
    • Grant Date Stock Price: $73.53
    • Vesting Schedule: 3-year cliff vesting (Fiscal Years 2024–2026)
    • Evaluation Conditions: Achievement of EPS, ROIC, and Revenue Growth targets with adjustments via a TSR modifier based on Sysco's relative Total Shareholder Return (TSR)
    • Additional Notes: Actual numerical targets for the performance metrics were not disclosed.