Sodexo Stock Price, News & Analysis

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Sodexo Live! has appointed Belinda Oakley as the new CEO for North America, effective immediately, succeeding Steve Pangburn, who is transitioning to an advisory role. Oakley, a seasoned leader with over 20 years in foodservice, previously led Chartwells K12, managing 16,000 employees and serving 2 million meals daily. Her appointment aims to enhance growth strategies as Sodexo Live! prepares for a busy year with major events, including the Formula One Miami Grand Prix and new airport lounges with British Airways. Oakley joins the Global Executive Committee.

Sodexo’s Good Eating Company (GEC) is allocating 15% of its food budget to source from farms practicing regenerative agriculture by 2025, marking an industry first. This initiative aims to enhance ecosystem restoration and improve sustainability within their supply chain. GEC, which operates a premium food brand in the U.S. and the U.K., emphasizes locally sourced ingredients. This commitment is part of Sodexo’s Better Tomorrow 2025 Roadmap, reinforcing their dedication to responsible sourcing and sustainable food practices.

Sodexo, a leader in healthcare food service, appointed David Gillan as Chief of Strategy and Client Retention for U.S. Healthcare on Jan. 11, 2022. Previously a Group Senior Vice President at Vizient, Gillan aims to enhance strategic growth and client experience. According to CEO Stuart Winters, his leadership will support operational efficiency and better patient outcomes. Sodexo Healthcare employs 35,000 staff across over 1,500 U.S. sites, focusing on quality care and financial health.

Sodexo Live! has announced its exclusive specialty menu for the 2022 College Football Playoff National Championship on January 10 at Lucas Oil Stadium in Indianapolis. Custom dishes will celebrate local cuisine and cater to fans of both Alabama Crimson Tide and Georgia Bulldogs. Featured items include the ‘Crimson Tide Dog’ topped with pulled pork and ‘Bulldog Shrimp Tacos’ with Cajun shrimp. Both venues will be cashless with safety protocols in place. This marks Sodexo Live!’s third consecutive year hosting the championship.

Sodexo has partnered with Simpson Senior Services Communities to enhance dining experiences for over 700 residents. The collaboration aims to introduce diverse cuisines and innovative food services, with operations launched on November 19, 2021. Residents will actively participate in suggesting menu options through a dining enhancement committee. Sodexo's initiatives include farm-to-table sourcing, chef centers, and themed dinners featuring international cuisines. The introduction of the Servi robot will aid in meal delivery, further improving service efficiency and customer satisfaction.

SodexoMagic, a joint venture led by Magic Johnson, has partnered with Goodr, a minority-owned hunger relief company, to tackle food insecurity and reduce food waste. The partnership aims to provide free meals, groceries, and snacks to those in need, leveraging Goodr's innovative solutions like pop-up grocery markets and an on-site grocery store. This initiative intends to extend access to fresh food across college campuses and other facilities by the end of the year, underscoring SodexoMagic’s commitment to diversity and inclusion.

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Loyola Marymount University has launched a partnership with Sodexo and Kiwibot to offer food delivery via eco-friendly robots on campus. Since the trial began in September, over 500 deliveries have been made. Students can order from Qdoba and Iggy’s Café using the Sodexo Bite U app, benefiting from a $0 delivery fee until November 14 for new subscribers. Deliveries take 20-35 minutes and cost $2 plus 10% of the order. Kiwibot plans to expand to more locations in Spring 2022, aiming to enhance convenience without reducing job needs.