Sysco Establishes Scholarship in Honor of Former CEO William J. Delaney

HOUSTON, May 10, 2018 (GLOBE NEWSWIRE) -- Sysco Corporation SYY, the leading global foodservice distribution company, today announced it has established the William J. DeLaney Sysco Scholarship in honor of the Company's recently retired chief executive officer.

The scholarship will provide financial assistance to students attending the Conrad N. Hilton College of Hotel and Restaurant Management at the University of Houston. The $25,000 annual scholarship will provide $5,000 each to five students, with the first five recipients being awarded in the fall of 2018. Five new recipients will be awarded annually.

"We are pleased to establish this scholarship to honor Bill's legacy and his many years of dedication to Sysco," stated Tom Bené, Sysco's president and chief executive officer. "Bill always stressed the importance of education. Providing assistance to students as they pursue their dreams of becoming members of the industry he loved is a fitting tribute."

"We are very thankful for the generosity and continued support of Sysco, and for the creation of the William J. DeLaney Sysco Scholarship," said Miguel Cabrera, director of development and alumni relations at the Conrad N. Hilton College. "These funds will help us support the next generation of hospitality leaders, who will be making their mark on our industry."

"I am fortunate to have spent my career in the foodservice industry at Sysco," said DeLaney. "I am proud of Sysco's continued commitment to being a good corporate citizen. Helping students as they prepare for the future by developing themselves through education is a meaningful example of this commitment."

DeLaney began his career at Sysco in 1987 as assistant treasurer at Sysco's corporate headquarters in Houston. He served in several corporate and field leadership positions throughout his Sysco career, including executive vice president and chief financial officer immediately prior to assuming his role as president and chief executive officer in 2009. DeLaney was also appointed to Sysco's board of directors in 2009. DeLaney served as Sysco's president until 2015 and as CEO until his retirement on December 31, 2017.

About Sysco
Sysco is the global leader in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Its family of products also includes equipment and supplies for the foodservice and hospitality industries. With over 65,000 associates, the company operates approximately 300 distribution facilities worldwide and serves more than 500,000 customer locations. For fiscal 2017 that ended July 1, 2017, the company generated sales of more than $55 billion.

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