The reorganization plan states that a newly incorporated company will become the sole owner of the group upon emergence from the Chapter 11 cases. In accordance with the terms of the plan, a new board of directors will be appointed. The new board will be chaired by Eric Foss, who served as CEO of Aramark from 2012 and as chair and CEO from 2015 until his retirement in 2019. Prior to Aramark he was CEO of Pepsi Beverages Company and chair and CEO of The Pepsi Bottling Group. Foss currently serves on the board of directors at Cigna, Diversey Holdings Ltd, Primo Water Company and Selina Hospitality PLC.