Aramark Names New CEO

Aramark's board of directors has elected Eric Foss president and CEO of the company effective immediately. Foss, 53, was also elected to the Aramark board of directors while Joseph Neubauer, who has served as CEO for the past 29 years, will remain as chairman of the board.

Foss led the Pepsi Beverages Co., a division of PepsiCo with about $20 billion in revenue and 80,000 employees, as CEO since 2010 and has been with the Pepsi system for 30 years. During his tenure, he guided the reintegration of Pepsi Bottling Group (PBG) and Pepsi Americas (PAS) into PepsiCo. Prior to the merger of PBG/PAS with PepsiCo, Foss was chairman and CEO of the publicly traded PBG.

“Eric Foss is an outstanding leader with extensive experience running global enterprises,” says Neubauer. “He has a proven track record of delivering impressive results while building exceptional relationships with business partners, clients and employees. I am delighted to have an executive of Eric’s caliber lead Aramark forward.”

“I am very pleased to have been selected to lead this great company and outstanding team,” says Foss. “Aramark is a much admired organization and I am honored to be chosen to build upon its success. I look forward to a bright future here as we create the next impressive chapter in the history of Aramark.”

Robert Callander, chairman of the Compensation and Human Resources Committee of the Aramark Board, said, “The Board is very grateful for the transformative contributions that Joe Neubauer has made to Aramark over the past 30 years. We are confident in our future as we welcome Eric Foss. He has a broad range of leadership experience, extensive capabilities and a long term track record of success.”