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Aramark Nominates Two New Directors to Board

December 15, 2021

   

PHILADELPHIA -- Aramark (NYSE: ARMK), a global leader in food, facilities management, and uniforms, announced today that Patricia E. Lopez and Ken M. Keverian have been nominated for election to the Company’s Board of Directors at its annual meeting of shareholders to be held on February 1, 2022.

Lopez brings diverse experience in sizeable growth, marketing, and general management roles in both developed and emerging markets to the Aramark Board of Directors, most recently serving as CEO of High Ridge Brands, a Clayton, Dubilier & Rice Company, until April 2020, where she managed a $350MM business in the bath, hair care, and oral care categories.

Prior to her tenure with High Ridge Brands, Lopez served as Senior Vice President at Estee Lauder Companies Inc, and before that, as Senior Vice President at Avon Products, Inc. She also held various positions at The Procter & Gamble Co. for 25 years.

Keverian brings decades of experience in business strategy to the Aramark Board of Directors. From 2014-2020, he served as Chief Strategy Officer at IBM with responsibility for the oversight and development of a strategic transformation of IBM, refocusing the company’s commitment to its core business strengths. During his tenure, he helped grow a multi-billion-dollar portfolio in new business revenue, offsetting contraction in older businesses, and was involved in the acquisition of dozens of new businesses, including co-leading a $34B acquisition, the largest in the software industry.

From 1988-2014, Keverian was with Boston Consulting Group (BCG), most recently as a senior partner.

“Both of these candidates bring tremendous analytical insights and thinking to the Aramark Board,” said Steve Sadove, Aramark’s Chairman of the Board. “Ken’s strategic vision, and his understanding of the digital world, will be valuable assets during these times of change and innovation, and Patricia’s balance of creative, strategic, and operational skills will bring new perspective on Aramark’s vast operations and strategic direction. We are looking forward to having both of them join our Board.”

Current Board member Irene M. Esteves is retiring and will not stand for election at the 2022 Annual Meeting of shareholders.

“I want to thank Irene for her numerous contributions during her tenure,” said Sadove. “She has provided valuable insight and strategic perspective to the Board since joining in 2015, and more recently as chair of the Finance Committee.”

Following their election by Aramark’s shareholders at the 2022 Annual Meeting, the Aramark Board will consist of 12 members.

About Aramark

Aramark (NYSE: ARMK) proudly serves the world’s leading educational institutions, Fortune 500 companies, world champion sports teams, prominent healthcare providers, iconic destinations and cultural attractions, and numerous municipalities in 19 countries around the world with food, facilities, and uniform services. Because our culture is rooted in service, our employees strive to do great things for each other, our partners, our communities, and our planet. Aramark has been named to DiversityInc’s “Top 50 Companies for Diversity” list, the Forbes list of “America’s Best Employers for Diversity,” the HRC’s “Best Places to Work for LGBTQ Equality” and scored 100% on the Disability Equality Index. Learn more at www.aramark.com and connect with us on FacebookTwitter, and LinkedIn.

Contacts:

Debbie Albert

215-238-3634

albert-debbie@aramark.com