Sysco (SYY) COO Greg Bertrand to senior advisor, then retire
Sysco Corporation reported a planned leadership transition for its Executive Vice President and Global Chief Operating Officer, Greg D. Bertrand.
Rhea-AI Filing Summary
Sysco Corporation reported a planned leadership transition for its Executive Vice President and Global Chief Operating Officer, Greg D. Bertrand. Effective January 1, 2026, he will move into a non-executive senior advisor role as he prepares for retirement.
Under a new strategic advisor agreement running for at least nine months from January 1, 2026, Mr. Bertrand is expected to provide at least 20 hours of services per week. He will receive an annual base salary of $443,500, a one-time cash award of $250,000 payable within 30 days of the agreement’s start (subject to continued employment), continued vesting of existing equity awards, and access to retirement and health benefit plans.
He will not receive new long-term equity grants or participate in regular bonus programs, other than eligibility for a pro-rated cash bonus for the first half of fiscal 2026. If Sysco ends his advisor role before September 30, 2026 other than for cause, he will remain employed and continue to receive compensation and benefits through that date.
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8-K Event Classification
FAQ
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What executive change did Sysco (SYY) announce in this Form 8-K?
What are the key terms of Greg D. Bertrand’s advisor role at Sysco (SYY)?
How will Greg D. Bertrand be compensated as a senior advisor at Sysco?
Will Greg D. Bertrand participate in Sysco’s bonus and long-term equity programs during his advisor term?
What happens if Sysco ends Greg D. Bertrand’s advisor role early?
Where can investors find the full text of Greg D. Bertrand’s advisor agreement with Sysco?
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