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Sysco Shares Rise After Board Appointments, AI Transformation Initiatives

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Sysco (SYY) shares rose 1.6% in Thursday trading after the company announced a series of business and corporate governance initiatives, including two new board members.

The company included a $100 million cost-savings program in its fiscal 2027 outlook, enabled by AI-driven process improvements, automation initiatives and operating efficiencies.

Sysco elected Jason Murray and Tom Ondrof as directors effective Sept. 1, increasing its board size to 13 directors.

The company's board also approved changing its Technology Committee to the Artificial Intelligence Transformation & Technology Committee, which will continue to oversee technology strategy, Sysco added.

Price: $83.80, Change: $+1.34, Percent Change: +1.63%

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