Aramark Announces Tom Ondrof Plans to Retire as Chief Financial Officer; Jim Tarangelo, SVP Finance & Treasurer, Appointed Successor
Aramark( NYSE ARMK) moment blazoned that Tom Ondrof, Chief Financial Officer, plans to retire from his current position on January 12, 2024, at which time he’ll serve as a Strategic Advisor through May 2024. Jim Tarangelo, Aramark’s elderly Vice President Finance & Treasurer, has been appointed to succeed Ondrof as Chief Financial Officer, effective January 13.
“ Tom leaves a strong heritage that’s both broad and deep, ” said John Zillmer, Aramark’s Chief Executive Officer. “ When I asked him to join Aramark shortly after my return, he left a hard- earned withdrawal to help us produce and drive a successful growth strategy grounded on our hospitality culture, concentrated on accelerating net new business, optimizing force chain economics, containing above unit costs, and breeding a value- creating mindset across the association. On behalf of the Board and the Company leadership, I want to thank Tom for his bottomless benefactions, and wish him well as he returns to withdrawal. ”
“ My thing, when joining Aramark four times agone
, was to help put the Company on a path to deliver harmonious top- line growth, increased profitability, and fiscal inflexibility, while strategically reviewing the portfolio, which ultimately included the successful spin- off of the Uniforms business in September, ” said Ondrof. “ We’ve taken the way tore-position Aramark on a foundation erected for long- term, sustainable performance, and I want to thank the platoon for their ongoing commitment to Aramark’s success. Jim has been an essential mate in these achievements, and I’ve full confidence that I’m leaving the part in veritably able hands. ”
In his current part, Tarangelo, a 20- time stager of Aramark, presently leads the Company’s operations relating to global storeroom and capital requests, fiscal planning and analysis, combinations and accessions, and duty. His accomplished career at the Company spans from operations finance to transnational finance, which included overseeing the finance associations for South America and Emerging requests, and eventually serving as CFO, Aramark International.
Before joining Aramark, Tarangelo was at PricewaterhouseCoopers and Legg Mason within investment banking. He holds a bachelorette’s degree in business and economics from Lafayette College and an MBA from The Wharton School of the University of Pennsylvania.
“ This appointment demonstrates our strong bench gift and thoughtful race planning, ” said Zillmer. “ I look forward to having Jim assume this part, given his proven track record and close collaboration with Tom over the once four times. His understanding of the nuances of our business, and his commitment to the success of the Company, make him the right fit for the job as we continue to execute on our strategy. We’re off to a strong launch to the financial time and remain confident in our full- time outlook. ”
About Aramark
Aramark( NYSE ARMK) proudly serves the world’s leading educational institutions, Fortune 500 companies, world champion sports brigades, prominent healthcare providers, iconic destinations and artistic lodestones , and multitudinous cosmopolises in 15 countries around the world with food and installations operation. Because of our hospitality culture, our workers strive to do great effects for each other, our mates, our communities, and the earth. Aramark has been honored on FORTUNE’s list of “ World’s utmost respected Companies, ” DiversityInc’s “ Top 50 Companies for Diversity ” and “ Top Companies for Supplier Diversity, ” Newsweek’s list of “ America’s utmost Responsible Companies 2023, ” the HRC’s “ Stylish Places to Work for LGBTQ Equality, ” and scored 100 on the Disability Equality Index.
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