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Aramark CEO's Exit Puts Focus on a Key Player

Aug 29, 2019 - Philadelphia Inquirer
Board and Executive Moves

The first casualty at companies targeted by activist investor Paul Hilal, who announced about two weeks ago that he had set his sights on Aramark, is typically the chief executive.

That happened within days at the Philadelphia food- and uniform-services giant. Aramark said on Monday that CEO Eric Foss is retiring. Usually it takes months of wrangling with his targets' boards of directors.

What's next for Aramark? If Hilal's past is any indication, job cuts could be in the cards for t...