Operations

Stockholder seeks control of US Foods

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February 15, 2022

Sachem Head Capital Management, an investment firm, is seeking control of US Foods Holding Corp's board, claiming the company has failed to make operational improvements, according to a Reuters report. The investment firm has nominated seven directors,.

Sachem Head owns 8.7% of US Foods and said the nominations are "the last option available" to protect stockholder interests.

US Foods recently split its chairman and chief executive officer roles in response to the criticism.