Ravi K. Saligram, Senior Vice President of ARAMARK Corporation
(NYSE:RMK) and President of ARAMARK International, has been named
to the Board of Trustees for the Eisenhower Fellowships, a
prestigious network of world leaders. The Board of Trustees governs
the Fellowships and is chaired by former U.S. Secretary of State,
Colin Powell. This influential organization brings together some
1,700 select men and women from over 100 countries to enhance their
professional capabilities, broaden their contacts and deepen their
perspectives. The global Eisenhower Fellowships network includes
heads of government, cabinet-level officers, corporate CEOs,
legislators, judges, ambassadors, professors, journalists, and
others. �I�m delighted and honored to join such an esteemed group,�
Saligram said. �For over 50 years, Eisenhower Fellowships has
promoted world peace and prosperity by fostering dialog between key
individuals across nations and cultures. This mission has never
been more important than it is today, and I look forward to helping
advance it.� The goal of the Eisenhower Fellowships is to achieve
greater understanding among individuals to foster greater
understanding among nations and contribute to the peace and
progress of all people. �We�re proud to have ARAMARK, a
Philadelphia-based company, join our trustees, given their vast
international presence and sizeable workforce,� said John S. Wolf,
former U.S. Assistant Secretary of State and current President,
Eisenhower Fellowships. �We look forward to exchanging perspectives
with them on the challenges of an increasingly globalized world.�
As Senior Vice President of ARAMARK Corporation and President of
ARAMARK International, Mr. Saligram is responsible for operations
with over 90,000 employees and sales of approximately $3.4 billion,
including ARAMARK�s joint venture in Japan. Prior to joining
ARAMARK, Mr. Saligram served as President of Brands &
Franchise, North America for the InterContinental Hotels Group, a
leading global hospitality company, as well as other positions
including Chief Marketing Officer & Managing Director, Global
Strategy, President, International and President, Asia Pacific.
Earlier in his career, Mr. Saligram also held various general and
brand management positions with SC Johnson Wax in the United States
and overseas. Mr. Saligram also serves on the Board of Church &
Dwight and on the Dean�s Advisory Board of New York University�s
College of Arts and Sciences. About ARAMARK ARAMARK is a leader in
professional services, providing award-winning food services,
facilities management, and uniform and career apparel to health
care institutions, universities and school districts, stadiums and
arenas, and businesses around the world. In FORTUNE magazine's 2006
list of "America's Most Admired Companies," ARAMARK was ranked
number one in its industry, consistently ranking since 1998 as one
of the top three most admired companies in its industry as
evaluated by peers and industry analysts. The company was also
ranked first in its industry in the 2006 FORTUNE 500 survey.
Headquartered in Philadelphia, ARAMARK has approximately 240,000
employees serving clients in 20 countries. Learn more at the
company's Web site, www.aramark.com. Forward-Looking Statements
Forward-looking statements speak only as of the date made. We
undertake no obligation to update any forward-looking statements,
including prior forward-looking statements, to reflect the events
or circumstances arising after the date as of which they were made.
As a result of these risks and uncertainties, readers are cautioned
not to place undue reliance on any forward-looking statements
included herein or that may be made elsewhere from time to time by,
or on behalf of, us. This press release includes �forward-looking
statements� within the meaning of the Private Securities Litigation
Reform Act of 1995 that reflect our current views as to future
events and financial performance with respect to our operations.
These statements can be identified by the fact that they do not
relate strictly to historical or current facts. They use words such
as "aim," "anticipate," �are confident,� "estimate," "expect,"
"will be," "will continue," "will likely result," "project,"
"intend," "plan," "believe," �look to� and other words and terms of
similar meaning in conjunction with a discussion of future
operating or financial performance. These statements are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed or implied in the forward-looking
statements. Factors that might cause such a difference include:
unfavorable economic conditions; ramifications of any future
terrorist attacks or increased security alert levels; increased
operating costs, including labor-related and energy costs;
shortages of qualified personnel or increases in labor costs; costs
and possible effects of further unionization of our workforce;
currency risks and other risks associated with international
markets; risks associated with acquisitions, including acquisition
integration issues and costs; our ability to integrate and derive
the expected benefits from our recent acquisitions; competition;
decline in attendance at client facilities; unpredictability of
sales and expenses due to contract terms and terminations; the
impact of natural disasters on our sales and operating results; the
risk that clients may become insolvent; the contract intensive
nature of our business, which may lead to client disputes; high
leverage; claims relating to the provision of food services; costs
of compliance with governmental regulations and government
investigations; liability associated with noncompliance with
governmental regulations, including regulations pertaining to food
services, the environment, the Federal school lunch program,
Federal and state employment and wage and hour laws and import and
export controls and customs laws; dram shop compliance and
litigation; contract compliance and administration issues,
inability to retain current clients and renew existing client
contracts; determination by customers to reduce their outsourcing
and use of preferred vendors; seasonality; and other risks that are
set forth in the �Risk Factors,� �Legal Proceedings� and
�Management Discussion and Analysis of Results of Operations and
Financial Condition� sections of and elsewhere in ARAMARK�s SEC
filings, copies of which may be obtained by contacting ARAMARK's
investor relations department via its website www.aramark.com. Ravi
K. Saligram, Senior Vice President of ARAMARK Corporation
(NYSE:RMK) and President of ARAMARK International, has been named
to the Board of Trustees for the Eisenhower Fellowships, a
prestigious network of world leaders. The Board of Trustees governs
the Fellowships and is chaired by former U.S. Secretary of State,
Colin Powell. This influential organization brings together some
1,700 select men and women from over 100 countries to enhance their
professional capabilities, broaden their contacts and deepen their
perspectives. The global Eisenhower Fellowships network includes
heads of government, cabinet-level officers, corporate CEOs,
legislators, judges, ambassadors, professors, journalists, and
others. "I'm delighted and honored to join such an esteemed group,"
Saligram said. "For over 50 years, Eisenhower Fellowships has
promoted world peace and prosperity by fostering dialog between key
individuals across nations and cultures. This mission has never
been more important than it is today, and I look forward to helping
advance it." The goal of the Eisenhower Fellowships is to achieve
greater understanding among individuals to foster greater
understanding among nations and contribute to the peace and
progress of all people. "We're proud to have ARAMARK, a
Philadelphia-based company, join our trustees, given their vast
international presence and sizeable workforce," said John S. Wolf,
former U.S. Assistant Secretary of State and current President,
Eisenhower Fellowships. "We look forward to exchanging perspectives
with them on the challenges of an increasingly globalized world."
As Senior Vice President of ARAMARK Corporation and President of
ARAMARK International, Mr. Saligram is responsible for operations
with over 90,000 employees and sales of approximately $3.4 billion,
including ARAMARK's joint venture in Japan. Prior to joining
ARAMARK, Mr. Saligram served as President of Brands &
Franchise, North America for the InterContinental Hotels Group, a
leading global hospitality company, as well as other positions
including Chief Marketing Officer & Managing Director, Global
Strategy, President, International and President, Asia Pacific.
Earlier in his career, Mr. Saligram also held various general and
brand management positions with SC Johnson Wax in the United States
and overseas. Mr. Saligram also serves on the Board of Church &
Dwight and on the Dean's Advisory Board of New York University's
College of Arts and Sciences. About ARAMARK ARAMARK is a leader in
professional services, providing award-winning food services,
facilities management, and uniform and career apparel to health
care institutions, universities and school districts, stadiums and
arenas, and businesses around the world. In FORTUNE magazine's 2006
list of "America's Most Admired Companies," ARAMARK was ranked
number one in its industry, consistently ranking since 1998 as one
of the top three most admired companies in its industry as
evaluated by peers and industry analysts. The company was also
ranked first in its industry in the 2006 FORTUNE 500 survey.
Headquartered in Philadelphia, ARAMARK has approximately 240,000
employees serving clients in 20 countries. Learn more at the
company's Web site, www.aramark.com. Forward-Looking Statements
Forward-looking statements speak only as of the date made. We
undertake no obligation to update any forward-looking statements,
including prior forward-looking statements, to reflect the events
or circumstances arising after the date as of which they were made.
As a result of these risks and uncertainties, readers are cautioned
not to place undue reliance on any forward-looking statements
included herein or that may be made elsewhere from time to time by,
or on behalf of, us. This press release includes "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995 that reflect our current views as to future
events and financial performance with respect to our operations.
These statements can be identified by the fact that they do not
relate strictly to historical or current facts. They use words such
as "aim," "anticipate," "are confident," "estimate," "expect,"
"will be," "will continue," "will likely result," "project,"
"intend," "plan," "believe," "look to" and other words and terms of
similar meaning in conjunction with a discussion of future
operating or financial performance. These statements are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed or implied in the forward-looking
statements. Factors that might cause such a difference include:
unfavorable economic conditions; ramifications of any future
terrorist attacks or increased security alert levels; increased
operating costs, including labor-related and energy costs;
shortages of qualified personnel or increases in labor costs; costs
and possible effects of further unionization of our workforce;
currency risks and other risks associated with international
markets; risks associated with acquisitions, including acquisition
integration issues and costs; our ability to integrate and derive
the expected benefits from our recent acquisitions; competition;
decline in attendance at client facilities; unpredictability of
sales and expenses due to contract terms and terminations; the
impact of natural disasters on our sales and operating results; the
risk that clients may become insolvent; the contract intensive
nature of our business, which may lead to client disputes; high
leverage; claims relating to the provision of food services; costs
of compliance with governmental regulations and government
investigations; liability associated with noncompliance with
governmental regulations, including regulations pertaining to food
services, the environment, the Federal school lunch program,
Federal and state employment and wage and hour laws and import and
export controls and customs laws; dram shop compliance and
litigation; contract compliance and administration issues,
inability to retain current clients and renew existing client
contracts; determination by customers to reduce their outsourcing
and use of preferred vendors; seasonality; and other risks that are
set forth in the "Risk Factors," "Legal Proceedings" and
"Management Discussion and Analysis of Results of Operations and
Financial Condition" sections of and elsewhere in ARAMARK's SEC
filings, copies of which may be obtained by contacting ARAMARK's
investor relations department via its website www.aramark.com.
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