Aramark, the food-services company being targeted by activist investor Mantle Ridge, climbed Aug. 26 on news that its chairman and Chief Executive Officer Eric Foss plans to retire.
Lead independent director Stephen Sadove has been appointed non-executive chairman in his place, and a search for a new CEO will be launched, the company said in a statement. Foss has been CEO since 2012 and chairman since 2015.
“As a board, we are committed to conducting a comprehensive search, including seeking input, to identify the next chief executive officer to execute on our growth strategy and lead our 270,000 team ...
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