C-Suite Transitions – US Foods Appoints Dave Flitman As CEO

Welcome to edition 17 of  C-Suite Transitions, a new weekly series on InsideArbitrage that tracks appointments and departures at publicly traded companies during the prior week. We highlight five appointments and departures each week by picking the largest companies from the full list of management changes.

The company we decided to write about this week brings together a trifecta of events. A new CEO with relevant industry experience, the involvement of an activity hedge fund and a newly announced share buyback program.

1. ​MarketWise (MKTW): On November 22, 2022, MarketWise, accepted Mark Arnold’s resignation from his positions as Chairman of the Board of Directors and Chief Executive Officer of the company, effective immediately.
2. Faraday Future Intelligent Electric (FFIE): On November 26, 2022, the Board voted to remove Dr. Carsten Breitfeld as Global Chief Executive Officer.
3. ATI Physical Therapy (ATIP): On November 22, 2022, Ray Wahl gave notice of his intended resignation, effective December 16, 2022, from the position of Chief Operating Officer in order to pursue other opportunities.

US Foods (USFD) Taps Former Rival Performance Food Chief as CEO

US Foods (USFD) headquartered in Rosemont, Illinois, is one of America’s largest foodservice distributors that provides services to approximately 300,000 restaurants and foodservice operators. US Foods and it’s 28,000 associates offer a diverse and innovative food offering as well as a comprehensive suite of e-commerce, technology, and business solutions to its customers with 70 broadline locations and more than 80 cash and carry locations.

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