Leonard Resigns at Aramark

At FM press time in late September, Aramark Corp. announced that CEO William Leonard had resigned. Former CEO and current executive chairman Joseph Neubauer was named CEO, effective immediately.

The resignation came a month after the company reported fiscal third-quarter earnings below expectations, citing higher costs for labor and new customer contracts, which squeezed profit margins. Aramark said such costs would persist into the fourth quarter, which ended September 30.

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