December 21, 2006 |
Aramark Corp., the largest U.S.-based food-service company, will be taken private after shareholders overwhelmingly approved a $6.3 billion buyout bid yesterday. It marked the second time that a group of investors led by chairman and chief executive officer Joseph Neubauer moved to take Aramark off the stock market. The first time, in 1984, was to thwart a "hostile takeover attempt that could have been the end of the company," Neubauer said at a meeting of shareholders at the Center City Marriott Hotel yesterday.
December 12, 2001 |
Aramark Corp., the Philadelphia-based purveyor of work clothes, day care and stadium food, rejoined the New York Stock Exchange yesterday after a 17-year absence. Aramark's high-rise Market Street headquarters, topped by its "star-man" logo, is a familiar fixture on the Center City skyline. But its corporate staff totals only 115, and most of the company's 200,000 employees labor elsewhere - in more than 600 Children's World day-care centers, 350 college cafeterias, 165 public-arena food concessions, 200 laundry plants and depots, and clothing factories in low-wage Puerto Rico and Mexico, among other sites.
October 29, 2003 |
William Leonard, 55, was named chief executive yesterday of Aramark Corp., the Philadelphia-based global food and facilities-management firm where he has worked for 21 years. When he takes over in January, he will become only the fourth CEO in the company's 44 years, succeeding Joseph Neubauer, 62, who has held the office since 1984. There will not be a lot of changes, Leonard said. "Joe and I think alike at work. . . . After work, we're as different as night and day. . . . He's symphony and opera.
August 7, 1998 |
In the world of business, Sandi Berger is a flea among elephants. Berger runs the lobby shop in the Parkway office building that houses Reliance Insurance Co., whose parent had 1997 revenues of $3.4 billion. Now comes Aramark Corp., the $6.3 billion service giant known for its food operations at big-league stadiums and arenas. Aramark already runs Reliance's company cafeteria, and apparently it wants Berger's shop, too. Like anyone afoot in a land of giants, Berger fears getting lost - or squished - in the shuffle.
May 15, 1996 |
Few athletes would dare dine on Thai chicken satay, Russian borscht, Peking duck, Moroccan couscous, Greek moussaka, Spanish paella, Italian tiramisu and Georgia peach cobbler before a competition. But all's fair at the food table after events. And at an Olympic World Menu preview party hosted here May 6 by Aramark, the food service manager for the Olympic Games in Atlanta this summer. The tasting revealed a new look for the buffet in the Olympic Village Dining Room, from food station graphics to more personalized, finished-to-order dishes.
March 31, 2015
ApprenNet L.L.C. , a Philadelphia education-technology company, has named Rachel H. Jacobs chief executive officer. She replaces Karl Okamoto, ApprenNet's co-founder and founding CEO, who will continue to serve as a member of the board and senior management team. Jacobs formerly was vice president of strategy and business development at Ascend Learning and launched new businesses at the McGraw-Hill Cos., where she led expansion into career solutions in China, India, and the Middle East.
August 22, 2012 |
Philadelphia-based food service giant Aramark said today it will eliminate all pork from animals bred using gestation crates in its U.S. supply chain by 2017. In announcing the plans with the Humane Society of the United States, Aramark joins dozens of other food service companies, restaurant chains and supermarkets that have pledged to end their reliance on suppliers who house breeding pigs in confining crates their whole lives. "Aramark is proud to stand in partnership with other industry leaders and supply chain partners to transition away from gestation crates in a timely fashion," said Kathy Cacciola, Aramark's senior director of environmental sustainability.
March 12, 2013 |
When Camden's LEAP Academy University Charter School compelled its new food-service management company to retain the school's executive chef and give him a $24,000 raise, LEAP also had to pay a $151,428 penalty to its previous vendor, documents show. Including Michele Pastorello's new $95,000 salary, LEAP has spent nearly $250,000 this school year to keep him employed as executive chef. The position typically pays about $40,000, according to industry experts. Pastorello is the live-in boyfriend of LEAP founder and board chairwoman Gloria Bonilla-Santiago.
May 26, 2010 |
Seeing sales opportunities among ecstatic Flyers fans, Aramark will open four "team store outposts" to sell jerseys, Flyers souvenirs, and Stanley Cup merchandise. The Flyers beat the Montreal Canadiens in Game 5 of the National Hockey League Eastern Conference finals on Monday, ushering them into the Stanley Cup Finals for the first time since 1997. The Flyers will play the Blackhawks for the Cup, beginning Saturday in Chicago. "This town is really excited," Ike Richman, spokesman for Comcast-Spectacor, said Tuesday.
February 24, 2012 |
The Roman Catholic Archdiocese of Philadelphia has named Timothy O'Shaughnessy as its chief financial officer to succeed Anita Guzzardi, who resigned last year amid allegations she had embezzled more than $900,000. O'Shaughnessy, 48, has been chief financial officer of St. Joseph's Preparatory School since 2008, and previously was a senior vice president at Aramark Corp., where he was controller for its business, sports, and entertainment group. Archbishop Charles J. Chaput said that O'Shaughnessy, a certified public accountant, had the skills "to create the controls and procedures to protect against loss" and to work in a "mission-driven organization" such as the archdiocese.