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Aramark

NEWS
May 10, 2012 | By Mike Armstrong, Inquirer Staff Writer
Joseph Neubauer, best known as benefactor to some of the region's top cultural organizations, stepped down Tuesday as chief executive of Aramark Corp. after 29 years as its leader. Aramark, one of Philadelphia's largest companies, with a global workforce of 250,000, has hired Eric J. Foss, 53, a former PepsiCo Inc. executive, to succeed Neubauer as president and chief executive. The move marks the end of an era for the food-services and facilities-management company, which has known just five chief executives since 1936.
NEWS
May 9, 2012 | By Mike Armstrong, INQUIRER STAFF WRITER
Aramark Corp., one of Philadelphia's largest companies, has hired a former PepsiCo executive to succeed longtime chief executive Joseph Neubauer. Eric J. Foss joined the privately held food-services and facilities-management giant as its new president and CEO Tuesday. Foss, 53, retired as CEO of Pepsi Beverages Co., a $20 billion division of the soft-drink maker, on Dec. 9. That makes the CEO succession at Aramark something of Pepsi generation phenomenon. The 70-year-old Neubauer had held several senior positions at PepsiCo in the 1970s, including the head of its Wilson Sports Goods division before joining what was then called ARA Services at its chief financial officer in 1979.
NEWS
February 24, 2012 | By David O'Reilly, Inquirer Staff Writer
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.
ENTERTAINMENT
November 2, 2011 | By Kellie Patrick Gates, For The Inquirer
  BEHIND THE SCENES Officiant Rev. Bryant Heisinger, www.themarriageman.com Venue Citizens Bank Park, Philadelphia Catering Aramark at Citizen's Bank Park Photogaphy Joseph Richard Photo, Cochranville, Pa. Videography Gabe Olmo, Deptford Music Eddie Tully, Philadelphia...
BUSINESS
October 4, 2011 | By Joseph N. DiStefano, Inquirer Staff Writer
Corporations that mine Twitter, Facebook, YouTube , and other social-media posts to learn what we are thinking on most any topic are also trolling for guidance on the Occupy Wall Street (OSW) protests, which have resulted in hundreds of arrests in New York and are spreading to Boston, San Francisco, and Philadelphia. Here's how it looks to one data miner, a veteran Philadelphia IT guy, who spoke on condition that he not be named because he wasn't authorized to discuss it: "We've been watching it for three weeks.
NEWS
September 24, 2011 | By Reity O'Brien, Inquirer Staff Writer
Just months after retiring from her administrative job at the University of Pennsylvania's Student Financial Services in 2000, Edna Jones was frustrated. Her skills and experience were being wasted sitting at home. It was then that Jones enrolled in the federal Senior Community Service Employment Program through the National Caucus and Center on Black Aged, a program that provides subsidized training and career assistance to the 55-and-older community, and received clerical training.
BUSINESS
September 20, 2011 | By Joseph N. DiStefano, Inquirer Staff Writer
Employers who legally import 66,000 low-wage foreign workers each year for some of the nation's dreariest jobs - work they say Americans won't do - are mounting a last-minute drive to keep their employees' pay from going up. In a letter to U.S. Labor Secretary Hilda Solis , 48 members of Congress, including Sen. Barbara Mikulski (D., Md.) , Rep. Lou Barletta (R., Pa.) , and Rep. Pat Meehan (R., Pa.) say business owners should be able to continue importing cheap, foreign labor at current wages.
BUSINESS
August 30, 2011 | By Mike Armstrong, Inquirer Columnist
Hurricane Irene survivors weren't the only ones thinking about a good cup of coffee Monday. So was Aramark Corp. Philadelphia-based Aramark is buying the Filterfresh office-coffee business of Green Mountain Coffee Roasters Inc. , of Waterbury, Vt., for about $145 million in cash. Technically, what Aramark is buying is called Van Houtte USA Holdings Inc. , based in Westwood, Mass. Aramark has long had a coffee business through its Aramark Refreshment Services L.L.C.
FOOD
May 26, 2011 | By Michael Klein, PHILLY.COM
It seems counterintuitive, like bringing in a righthander to pitch to Ryan Howard in the bottom of the ninth with the bases loaded: Reflagging half a busy concession stand in the concourse at Citizens Bank Park to sell turkey burgers, salads, grilled chicken wraps, hummus and pita chips, carrots and celery, and sugar-free Tastykakes. But it's here, behind third base, beneath a new green sign heralding "Philly Fresh. " Hot dogs and other stadium staples are sold in the other half of the South Philadelphia Market stand - the side, it must be noted, with the longer lines.
BUSINESS
April 5, 2011 | By Harold Brubaker, Inquirer Staff Writer
Aramark Corp., a privately held Philadelphia food service provider and facilities manager, said Monday that it would borrow money to pay a $712 million dividend to its shareholders. The company's shareholders include private equity firms GS Capital Partners, Thomas H. Lee Partners, and Warburg Pincus L.L.C., which in aggregate own more than 60 percent of the company. In addition, longtime chief executive Joseph Neubauer owns 9.54 percent of the company, which was taken private in January 2007 for $8.3 billion, including equity and assumed debt.
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