ARAMARK Names Staples CEO Sargent to Board of Directors.Business/Photo Editors NOTE TO MEDIA: Multimedia assets available A photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.121602/bb5 PHILADELPHIA--(BUSINESS WIRE)--Dec. 16, 2002 ARAMARK (NYSE NYSE See: New York Stock Exchange :RMK RMK Remark (Weather METAR) RMK Rocky Mountain King (Polaris Snowmobiles) RMK Remarks RMK Resource Manager Kernel ), a world leader in managed services, announced today that Ronald L. Sargent, President and Chief Executive Officer of Staples, Inc., will join ARAMARK's Board of Directors, effective immediately. Sargent has held various positions with Staples, including chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of the company. In that capacity, he directed the company's worldwide operations, including U.S., Canadian and European retail superstores, Staples North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Delivery business as well as the company's supply chain management, merchandising and marketing activities. Sargent led the growth of Staples' European business, which operates in the United Kingdom, France, Italy, Spain, Belgium, Germany, the Netherlands and Portugal. During his career at Staples, Sargent worked closely with founder Tom Stemberg to build the company's business. Sargent joined Staples in 1989 following ten years with The Kroger Co., one of the nation's largest retail grocery chains. Sargent is a graduate of Harvard College and Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. . He presently serves on the board of the Yankee Candle Co. and on the board of advisors to the Boston College Carroll School of Management  The Carroll School of Management is a graduate and undergraduate business school and one of the professional schools of Boston College. . A former board member of Literacy Volunteers of America Volunteers of America, national nondenominational organization providing a wide variety of human services as part of a Christian ministry of service. Founded (1896) by Ballington and Maud Booth (see Booth, family) after their withdrawal from the Salvation Army, the , he
is also active in community fundraising in Boston.
"We're extremely pleased to welcome Ron Sargent to ARAMARK's board of directors," said Joseph Neubauer, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ARAMARK. "We are confident that his leadership and demonstrated expertise in marketing and international operations will contribute to the growth and success of ARAMARK." About ARAMARK ARAMARK is a world leader in providing managed services, including food, facility and other support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services , uniform and career apparel and childcare and early education. ARAMARK has leadership positions serving the business, education, healthcare, government, sports and recreation sectors. ARAMARK is ranked No. 1 in the outsourcing services category and is among the Top 50 companies overall in FORTUNE Magazine's 2002 "Most Admired Companies in America." Headquartered in Philadelphia, ARAMARK has approximately 200,000 employees serving customers in 18 countries. Forward-Looking Statements The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. from civil litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. for forward-looking statements that reflect our current views as to future events and financial performance with respect to our operations. These statements can be identified by the fact that they do not relate strictly to historical or current facts. They use words such as "aim," "anticipate," "estimate," "expect," "will be," "will continue," "will likely result," "project," "intend," "plan," "believe" and other words and terms of similar meaning in conjunction with a discussion of future operating or financial performance. Forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors (many of which are beyond our control) that could cause actual results to differ materially from the future results expressed or implied by such forward-looking statements. The forward-looking statements regarding such matters are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. Factors that might cause such a difference include: unfavorable economic conditions, including ramifications ramifications npl → Auswirkungen pl of the September 11 terrorist attacks and other terrorist attacks, increased operating costs, shortages of qualified personnel and other factors leading to increased labor costs, costly compliance with governmental regulations, currency risks and other risks associated with international markets, risks associated with acquisitions, including our ability to integrate and derive the expected benefits from our acquisition of ServiceMaster Management Services and other acquisitions, competition, decline in attendance at client facilities, unpredictability of sales and expenses due to contract terms, significant leverage, claims relating to the provision of food services, liability associated with non-compliance with governmental regulations, including regulations pertaining to food services, the environment and childcare service, seasonality, adverse publicity concerning incidents at childcare centers and levels of enrollment in our education business. For further information regarding risks and uncertainties associated with ARAMARK's business, please refer to the "Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial of Results of Operations and Financial Condition" and "Risk Factors" sections of ARAMARK's SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained by contacting ARAMARK's investor relations department at www.aramark.com. Forward-looking statements speak only as of the date made. We undertake no obligation to update any forward-looking statements to reflect the events or circumstances arising after the date as of which they are made. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on the forward-looking statements included herein or that may be made elsewhere from time to time by, or on behalf of, us. Note: A photo is available at URL: http://www.businesswire.com/cgi-bin/photo.cgi?pw.121602/bb5 |
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