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L. Frederick Sutherland is Executive Vice President and Chief Financial Officer of ARAMARK Corporation. With sales of approximately $11.6 billion, ARAMARK is a leading provider of a broad range of professional services including food, hospitality, facility, and uniform services. The company has approximately 240,000 employees serving 18 countries in North and South America, Europe and the Far East.
Sutherland joined ARAMARK in 1980 as Assistant Treasurer and became Treasurer in 1983. In 1984, he was part of the management team that took the company private in what was then one of the largest management buyouts in the U.S. As a result of the buyout, ARAMARK became one of the largest employee-owned companies in the United States.
Sutherland was promoted from Treasurer to Vice President of Corporate Finance and Development in 1987 and to Senior Vice President of Finance in 1991. In 1993, he became President of ARAMARK's Uniform and Career Apparel Group with revenues of approximately $1 billion and over 10,000 employees. The group is one of the largest providers of uniforms and career apparel in the United States, serving over 2 million businesses and individuals. In 1997, he became Executive Vice President and Chief Financial Officer of ARAMARK Corporation. In this capacity he is responsible for financial reporting, internal audit, treasury, mergers and acquisitions, corporate planning, investor relations, information technology and supply chain management. In December 2001 ARAMARK completed a $700 million Initial Public Offering of its equity and is listed on the New York Stock Exchange.
Prior to joining ARAMARK, Mr. Sutherland spent six years at Chase Manhattan Bank in New York City where he was a Vice President in the Corporate Banking department. Mr. Sutherland received his undergraduate degree in physics and mathematics from Duke University in 1973 and an MBA in finance from the Katz School of the University of Pittsburgh in 1974.
Mr. Sutherland is on the Board of Directors for Con Edison and a member of the Trinity Board of Visitors at Duke University. He is President of the Board of Trustees of People’s Light and Theater, the second largest theatre in the Philadelphia area, and a board member of WHYY, Philadelphia’s PBS affiliate.
Sutherland earned a bachelor’s degree in physics and mathematics from Duke University, as well as an MBA from the University of Pittsburgh. | 