Sysco announced that Executive Vice President and Chief Financial Officer Kenny Cheung will step down, effective February 27 2026, to pursue an opportunity at a Fortune 10 company in a different industry. Cheung will remain in an advisory role until April 17, 2026.
Brandon Sewell, who joined Sysco in 2014 and has served as Senior Vice President and CFO of the U.S. business, will become interim CFO effective March 6. Sewell will oversee the company’s financial strategy and operations during the transition. His interim role comes with a $420,000 base salary, a target annual cash incentive equal to his salary, long‑term equity incentives, and a one‑time restricted stock unit award to ensure retention.
The announcement follows Sysco’s strong Q2 2026 results, with adjusted EPS of $0.99 versus estimates of $0.98 and revenue of $21 billion. The company reaffirmed its fiscal‑year 2026 guidance, projecting adjusted EPS at the high end of $4.50 to $4.60 and sales growth of 3%–5%. Guidance for the third quarter includes a consensus adjusted EPS of $0.94 and U.S. Foodservice local case growth of at least 2.5%.
Management emphasized confidence in the transition. CEO Kevin Hourican said, “Brandon is a trusted financial leader within Sysco who I have worked with closely for the past six years.” Sewell added, “We will remain focused on executing our strategy, maintaining financial discipline with our industry‑leading balance sheet, and delivering value for our shareholders.” Cheung noted, “I am proud of the progress we have made to strengthen the talent and skills of our finance organization.”
The CFO change is internal and is expected to maintain continuity in financial oversight. Sysco’s international segment grew 7.3% in Q2 2026, while U.S. Foodservice operations increased 2.4%, supporting the company’s guidance. Gross margin expanded 15 basis points to 18.3%, reflecting effective cost control amid inflationary pressures. The smooth transition and reaffirmed guidance signal management’s confidence in the company’s trajectory.
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