Thomas L. Bené is the CEO of Sysco Corporation, a major player in the global foodservice distribution sector, having taken on the position in January 2018. Before this, he served as the President and Chief Operating Officer of Sysco starting...

Thomas L. Bené is the CEO of Sysco Corporation, a major player in the global foodservice distribution sector, having taken on the position in January 2018. Before this, he served as the President and Chief Operating Officer of Sysco starting in 2016. His career before Sysco includes significant roles at PepsiCo, where he was the President of their Foodservices division from 2011 to 2013 and held various leadership positions during his 23 years there. Bené has a solid foundation in foodservice operations and corporate strategy, with hands-on experience in sales and distribution.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Sysco CEOs

S

Thomas L. Bené

Ex-CEO of Sysco

Sector of Economy

Consumer Defensive

Born

July 30, 2024 - 0 years ago

CEO of Sysco for

2 years 0 months (Jan 2018 - Jan 2020)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Thomas L. Bené

F

A. Ryals McMullian

CEO of Flowers Foods

2023 Compensation

Stock

$0.00

Salary

$955.00K

Bonus

$0.00

Other

$258.94K

Total Holdings

$53.34M

T

Christopher Pappas

Founder and CEO of The Chef's Warehouse

2023 Compensation

Stock

$1.44M

Salary

$1.02M

Bonus

$0.00

Other

$181.34K

Total Holdings

$132.18M

I

James P. Zallie

CEO of Ingredion

2023 Compensation

Stock

$0.00

Salary

$1.20M

Bonus

$2.36M

Other

$0.00

Total Holdings

$18.19M

P

Fabio Sandri

CEO of Pilgrim's Pride Corporation

2023 Compensation

Stock

$0.00

Salary

$942.31K

Bonus

$1.00M

Other

$22.10K

Total Holdings

$13.89M

U

David Flitman

CEO of US Foods

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$2.99M

Other

$9.90K

Total Holdings

$97.68M

I

Jean Madar

Founder and CEO of Inter Parfums

2022 Compensation

Stock

$0.00

Salary

$1.23M

Bonus

$0.00

Other

$0.00

Total Holdings

$859.84M

Holdings

See how much did Thomas L. Bené make over time.

As CEO, Thomas L. Bené's wealth primarily comes from his stock holdings in Sysco Corporation. During 2019, he had shares valued at approximately $20.95 million, but this value fluctuated throughout the year, dropping to around $17.76 million by December. By...

As CEO, Thomas L. Bené's wealth primarily comes from his stock holdings in Sysco Corporation. During 2019, he had shares valued at approximately $20.95 million, but this value fluctuated throughout the year, dropping to around $17.76 million by December. By the end of 2020, his holdings had grown again, reaching around $21.77 million. His stock value reflects both his confidence in the company’s growth potential and the volatility typical of the stock market.

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Total Stock Sold

$9.65M

SYY

$9.65M

118,152 SYY shares

What if they kept their stock?

If Thomas L. Bené didn't sell their stock, today they would have:
Extra SYY118,152 shares worth $5.32M.
This is -44.87% and $4.33M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Thomas L. Bené.

SYY

$3.35M

SYY at $85.00/share

Dec 20, 2019

Sale

SYY

$3.15M

SYY at $80.00/share

Nov 1, 2019

Sale

SYY

$3.08M

SYY at $78.12/share

Oct 7, 2019

Sale

SYY

41,042.745 shares

SYY

Aug 16, 2019

Received

SYY

18,787 shares

SYY

Feb 22, 2018

Received

SYY

18,787 shares

SYY

Feb 22, 2018

Received

SYY

2,892 shares

SYY

Feb 18, 2016

Received

SYY

15,013 shares

SYY

Nov 17, 2015

Received

SYY

13,634 shares

SYY

Nov 17, 2014

Received

SYY

15,308 shares

SYY

Nov 14, 2013

Received

Compensation History

See how much did Thomas L. Bené make over time.

In fiscal year 2020, Bené's total compensation was approximately $1, including salary. His salary structure emphasizes performance metrics tied to market share growth and productivity rather than traditional bonuses or stock grants. In previous years, his compensation included a significant severance when he resigned in 2019, indicating a strong previous earnings capacity. Sysco's compensation philosophy seeks to align executive pay with performance to promote long-term shareholder value.

Year

2020

Total Compensation

$1.00

Salary

$1.00

Board Justification

The compensation philosophy emphasizes aligning executive compensation with company performance and long-term shareholder value, while also considering peer benchmarking and retention strategies.

Bonus

$0.00

Board Justification

The bonus structure for fiscal 2020 was based on performance metrics that were objective and drove long-term stockholder value, including market share growth and operations productivity.

Other

$0.00

Board Justification

Other compensation includes benefits such as life insurance, long-term disability coverage, and wellness examinations, but specific amounts are not detailed in the provided text.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock vested in 2020 as the focus was on performance metrics for the annual incentive plan and long-term incentive awards.

Performance Metrics

Performance metrics for the CEO's compensation in 2020 included market share growth and earnings per share targets.

Other Sysco CEOs

Here are other CEOs of Sysco

William J. DeLaney

Ex-CEO of Sysco

March 2009 - December 2017

Kevin P. Hourican

CEO of Sysco

February 2020 - Present