US Foods announces changes to board of directors
US Foods Holding Corp. announced that Timothy R. McLevish has resigned effective immediately from his position on the board of directors after it was announced that he will become the executive chairman of Lamb Weston Holdings Inc. upon the completion of its planned spinoff. Because Lamb Weston is a significant supplier to US Foods, McLevish would no longer qualify as an independent director.
The company also announced the election of two new members of the board of directors
David Tehle retired in 2015 as executive vice president and chief financial officer of Dollar General Corp., a role he had held since 2004. Prior to Dollar General, he was chief financial officer of Haggar Corp. He is currently on the board of directors for Genesco and serves on the board of directors of Jack in the Box as an audit committee member and finance committee chair. Tehle will serve as the new chairman of the audit committee for US Foods.
Court Carruthers spent 13 years in senior leadership roles at W. W. Grainger Inc., most recently as group president, Americas, where he was responsible for the company’s operations in the Americas, as well as eCommerce and technology innovation globally. He is currently a director and audit committee member of Ryerson Holding Corp. and serves on the board of multiple private companies, including Follett Corp. Carruthers is a CPA, CMA (Canada).
“We wish Tim all of the best in his new endeavor,” Pietro Satriano, president and chief executive officer of US Foods, said in a press release. “I’m pleased to welcome David and Court to the Board. Both bring public company and audit experience, as well as a wealth of business and finance expertise.”