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Sysco Corporation 2012 Annual Report 3
of Sysco-branded products. Also,
our local-grow initiatives continued
to expand in various parts of the
country to provide customers and
consumers additional local food
options, for which we were recog-
nized by Fast Company magazine
as one of the nation’s Ten Most
InnovativeCompanies.
• Explore,assessandpursuenew
businesses and markets –
Our 2012 acquisition of European
Imports, Ltd. represented a strate-
gic expansion into the specialty
import products segment for Sysco.
Also,ouracquisitionofCrossgar,
aleading privately owned foodser-
vice supplier in Northern Ireland,
will expand Sysco’s presence on
the island and complement our
2009 acquisition of Pallas Foods.
• Developandeffectivelyintegrate
a comprehensive enterprise-wide
talent management process –
More than 80 percent of Sysco
associates participated in the
rst-ever, enterprise-wide work
climate survey – titled Sysco Speaks
– in 2012, which provided valuable
insights into the strengths of
Sysco’s ability to engage and
enable the workforce to achieve
maximum performance.
It’s also important to note the experi-
ences from our enterprise technology
pilots in Arkansas and Oklahoma
paved the way for a very successful
deployment in East Texas. Because
ofthis, we are moving forward with a
market-based deployment approach
that will allow us to accelerate the
implementation of our technology
platform across numerous operating
companies in scal 2013.
These good things that occurred in
2012 are critical to our future. Our
leadership team is committed and
has laid out specic steps to suc-
cessfully grow our business organi-
cally and through acquisitions – as
well as transform the business by
deploying new technology systems,
reducing our cost structure and low-
ering product costs – in a manner that
will enable us to deliver solid returns
to our shareholders. We will focus
ourefforts on three key strategic
opportunities: delivering protable
sustainable growth, improving our
operating margins and optimizing
ourasset management in a manner
that enhances cash ow.
Are we there? Not yet, but we’re
clearly on a well-dened path.
We close by pledging that our
stakeholders can count on the fact
that, collectively – as One Sysco –
our associates are committed to
achieving success and fullling that
vision of being our customers’ most
valued and trusted business partner.
In turn, we appreciate your condence
in us to bring truth to our motto:
“Good things come from Sysco.”
Manny Fernandez
Executive Chairman of the Board
Bill DeLaney
President & Chief Executive Ofcer
September 27, 2012
LEFT
Manny Fernandez
Executive Chairman
of the Board
RIGHT
Bill DeLaney
President &
Chief Executive Ofcer