US Foods' New CFO to Take Over in February
US Foods Holding Corp. announced that Dirk J. Locascio will assume the role of Chief Financial Officer, reporting to President and Chief Executive Officer Pietro Satriano, effective February 6. Locascio has served in a variety of finance and accounting leadership roles with the company since 2009 and played an integral role in the development of the company’s long-range strategic plan. He currently serves as Senior Vice President, Financial Accounting and Analysis, responsible for oversight of the company’s corporate finance and accounting functions. Prior to joining US Foods, Locascio held senior finance roles with United Airlines and in public accounting with Arthur Andersen LLP. He is a graduate of the University of Illinois, and serves on the Executive Committee of the Board of Directors of the Northern Illinois Food Bank.
Locascio replaces Fareed Khan who is leaving to pursue a new opportunity outside the company. Khan is resigning as CFO effective February 6 and will stay on in an advisory capacity until mid-February to ensure a smooth transition.
“I’m pleased to welcome Dirk as our new CFO. His deep knowledge of US Foods as well as his strategic leadership, financial acumen, and track record in delivering results make him highly qualified to take on this new role,” says Satriano. “I’d also like to thank Fareed for his leadership over the past three years. He was instrumental in our successful initial public offering and leaves US Foods well-positioned for the future.”
The company also announced that Kristin M. Coleman will join US Foods as Executive Vice President, General Counsel and Chief Compliance Officer, effective February 1, 2017. Reporting to President and CEO Satriano, she will oversee all legal and compliance matters, as well as support the Board of Directors in corporate governance matters for the company.
An experienced general counsel, Coleman joins US Foods from Sears Holdings Corporation, where she served as the Senior Vice President, General Counsel and Corporate Secretary since 2014. Prior to joining Sears, Coleman served as the Vice President, General Counsel and Corporate Secretary for Brunswick Corporation since 2009. Before moving in-house, Coleman was in private practice with Sidley Austin LLP.
Coleman is a graduate of Duke University and the University of Michigan Law School. She is a member of the Economic Club of Chicago, and serves on the Board of Directors of the Boys and Girls Club of Chicago.
“Kristin is a proven leader with exceptional experience managing legal, regulatory, compliance, and public policy issues. We are delighted to have her on board,” says Satriano. “She joins a strong management team focused on growing with our target customers and executing our strategy of Great Food. Made Easy.”