InsideFood Message Board
Register Calendar
 
 
 


Reply
  Author   Comment   Page 6 of 7     «   Prev   3   4   5   6   7   Next
IKnowStuff

Avatar / Picture

Member
Registered:
Posts: 48
Reply with quote  #81 
Quote:
Originally Posted by Truth


What's left of this management team is now at Sysco Riverside[wink]



Yep. You get it. Also, customers are throwing around the C word, not because of anything others are saying, but because IT is making an ass of itself. I have never seen anything like it. You cannot storm in like you are all that, when you don’t know anyone or anything and slander the name of people who have a stellar reputation in this industry and expect customers not to be alienated. Ameture hour. Not only do the customers see right through it, but many have dealt with these guys longer than some idiots have even been alive. Never in 32 years have I seen such ignorance and naïveté. Not even close.
0
FSVET

Avatar / Picture

FS God....FIRST InsideFood Poster
Registered:
Posts: 755
Reply with quote  #82 
The beginning of the end of US Foods. But, what can you expect from people who never worked in foodservice? Pietro, any ideas on how you and the brain trust in Rosemont are going to fix this? 
__________________
The problem with your gene pool, is that there is no lifeguard.
0
IKnowStuff

Avatar / Picture

Member
Registered:
Posts: 48
Reply with quote  #83 
Oh Canada!
0
commoditiesguy

Senior Member
Registered:
Posts: 184
Reply with quote  #84 
Maybe Pietro can offer more frequent flyer miles on AirCanada for upset customers?
0
FSVET

Avatar / Picture

FS God....FIRST InsideFood Poster
Registered:
Posts: 755
Reply with quote  #85 
Or free trips to Canada on Air Canada? Destination depends on which US Foods Division a customer uses.

Quote:
Originally Posted by commoditiesguy
Maybe Pietro can offer more frequent flyer miles on AirCanada for upset customers?

__________________
The problem with your gene pool, is that there is no lifeguard.
0
Investigator

Avatar / Picture

Prophet/Sage
Registered:
Posts: 1,286
Reply with quote  #86 
Mr. Pietro Satriano has been the Chief Executive Officer and President at US Foods Holding Corp. since July 2015. Mr. Satriano has been the Chief Executive Officer of US Foods, Inc. since July 13, 2015 and has been its Chairman since December 5, 2017. Mr. Satriano served as the Chief Merchandising Officer of US Foods, Inc. since February 2011 and also served as its President since July 13, 2015 until December 5, 2017. He served as President of LoyaltyOne Canada at LoyaltyOne, Inc. from 2009 to 2011. He was responsible for all client services and new business development and leads teams that serve LoyaltyOne's array of high-profile Canadian clients as well as exploring sponsorship opportunities and other strategic partnerships for the AIR MILES Reward Program, North America's premier coalition loyalty program. Mr. Satriano rejoined LoyaltyOne in 2009. He served as an Executive Vice President of Food at Loblaw Companies Limited until April 2008, where he headed up the national food procurement and merchandising group. He also served as the Head of Control Label Development at Loblaw Companies - segment of George Weston Limited until April 2008. Previously, he led one of the world's most extensive and successful private label programs and one of the largest brands in Canada. Mr. Satriano has a broad range of leadership experience in consumer marketing and loyalty strategy. He served at Loblaw Brands as President's Choice. He served at LoyaltyOne from 1995 to 2002. He has been Chairman of the Board at US Foods Holding Corp. since December 4, 2017. Mr. Satriano has been a Director of US Foods Holding Corp. since July 2015. Mr. Satriano has been a Director of US Foods, Inc. since July 2015. He managed rewards development and direct sales and played a key role at Loyalty Management Group. He served positions in retail grocery management and with strategy consulting firms in Canada and Europe. He began his career in strategy consulting, first with The Boston Consulting Group in Toronto and then with the Monitor Company in Milan, Italy. Mr. Satriano holds Master of Business Administration from Harvard University.
0
Investigator

Avatar / Picture

Prophet/Sage
Registered:
Posts: 1,286
Reply with quote  #87 
Pietro interview March 2018 with Chicago Tribune titled "After the Breakup"

Q: What was the company’s focus before 2011?

A: We did some research with customers. You know, you have focus groups and some things sort of stick in your mind. One of the customers basically said, “You’re all interchangeable. All distributors do the same thing. All I care about is my relationship with my rep.”

For us, that was an unsettling place to be. So we said we need to be about more than being the same or just meeting the basic expectation. We want to help the customers make it.

http://www.chicagotribune.com/business/ct-biz-us-foods-pietro-satriano-20180308-story.html

0
Investigator

Avatar / Picture

Prophet/Sage
Registered:
Posts: 1,286
Reply with quote  #88 
price to earnings 40 times--debt to equity ratio 1.23 (7.8 billion market cap)so they still have that huge debt load in the billions of dollars. 

It’s no good to buy a really great company if you have to pay 30 times earnings or 40 times earnings for it, even if it’s growing at a pretty rapid rate,” Schwartz said in the MoneyLife Market Call interview with Chuck Jaffe, MarketWatch senior columnist. Instead, Schwartz said investors should look for stocks that are “below market multiples, 14 or 13 times earnings with the market at roughly 15 times earnings.”

  • On Friday, February 16th, Pietro Satriano sold 163,284 shares of US Foods stock. The shares were sold at an average price of $33.04, for a total value of $5,394,903.36.

USFD opened at $36.45 on Friday. The company has a market capitalization of $7.80 billion, a price-to-earnings ratio of 40.05, a price-to-earnings-growth ratio of 1.03 and a beta of 0.47. The company has a current ratio of 1.32, a quick ratio of 0.78 and a debt-to-equity ratio of 1.23. US Foods Holding Corp has a 12-month low of $25.43 and a 12-month high of $36.63.

0
commoditiesguy

Senior Member
Registered:
Posts: 184
Reply with quote  #89 
I read the article when it was published.  It made me laugh out loud.

I'm not naive or dumb enough to think the guy isn't doing what his "shareholders" have asked him to do.

But the bottom line is that for all the metrics that come out of Rosemont, not many are going to help that company organically grow their business.
0
IKnowStuff

Avatar / Picture

Member
Registered:
Posts: 48
Reply with quote  #90 
So the VP from San Francisco is around the IE now. Wonder what on earth that is supposed to accomplish? I’m pretty sure he doesn’t know anyone down here. What are they thinking?
0
JimMTN

Avatar / Picture

Junior Member
Registered:
Posts: 14
Reply with quote  #91 
Michelle Ching's route is getting obliterated. So sad, she's the best salesperson Corona has.
0
broadliner

Avatar / Picture

Senior Member III
Registered:
Posts: 715
Reply with quote  #92 
I'm going to have to report you to HR for creating a hostile work environment. [rofl]

Quote:
Originally Posted by JimMTN
Michelle Ching's route is getting obliterated. So sad, she's the best salesperson Corona has.
0
IKnowStuff

Avatar / Picture

Member
Registered:
Posts: 48
Reply with quote  #93 
Quote:
Originally Posted by JimMTN
Michelle Ching's route is getting obliterated. So sad, she's the best salesperson Corona has.


😂😂😂
0
IKnowStuff

Avatar / Picture

Member
Registered:
Posts: 48
Reply with quote  #94 
Do we all think Corona is in the clear? We got some incredibly ignorant ones who think so. That’s what happens when you’re too big for your britches and haven’t been around long. This whole thing is about to go to Hell in a hand basket. I have been around long enough to know. It will be the very first time Corona doesn’t hit AOP. Good frigging luck trying to sugar coat that. It will get to a point where there won’t be any specialists, nothing. It will be Sheree, all alone, playing video games and making smoothies.
0
IKnowStuff

Avatar / Picture

Member
Registered:
Posts: 48
Reply with quote  #95 
Another big account from Temecula walked today. Am I surprised? Nope. Also, Mark Mejia has decided to take on the severely negative district that is Temecula. I personally wouldn’t touch that with a 10 foot pole, with a 20ft extension on it. First, salary caps top out at only $110,000 for DSMs. So if you need to actually bonus to make any decent money, it’s not happening. It’s way too far gone already. We all know this. Also, word on the street is that his customers in central coast like him and that’s the reason they even went to USF and now that the cat is out of the bag, Ventura is going to make some big moves on that, as that area is basically all of La Miranda’s growth, because it was zero before Mark started there. The people left there will have quite the fight on their hands and they aren’t exactly equipped to handle it. Sh** show coming folks. Not only are Corona(big time) and Vista getting hammered, but LaMirada is not Far behind. Gloves are off and no amount of checks written will change that. Shell games won’t work. Not any more.
0
SoCalFoodDude

Avatar / Picture

Senior Member II
Registered:
Posts: 459
Reply with quote  #96 
It's so sad to see the decline of US Foods-So Cal. So many people helped this company grow when it was S.E. Rykoff, and later, Rykoff-Sexton. Now this knowledge and expertise is being lost as long-time reps either quit in disgust or retire. The new business model doesn't allow for individuality or creativity. TMs must be in lockstep with the party line (Scoop, VAS, ecomm) or risk the wrath of upper management. This has always been a relationship business. Customers will almost always follow their reps.
0
Previous Topic | Next Topic
Print
Reply

Easily create a Forum Website with Website Toolbox.