{"id":920855,"date":"2025-12-18T06:10:34","date_gmt":"2025-12-18T11:10:34","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/performance-food-group-company-announces-leadership-succession\/"},"modified":"2025-12-18T06:10:34","modified_gmt":"2025-12-18T11:10:34","slug":"performance-food-group-company-announces-leadership-succession","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/performance-food-group-company-announces-leadership-succession\/","title":{"rendered":"Performance Food Group Company Announces Leadership Succession"},"content":{"rendered":"

<\/p>\n

Performance Food Group Company Announces Leadership Succession<\/b><\/p>\n

George Holm to Transition to Executive Chair<\/i><\/p>\n

Appoints Scott McPherson as Chief Executive Officer<\/i><\/p>\n

Changes Effective Jan. 1, 2026<\/i><\/p>\n

RICHMOND, Va.–(BUSINESS WIRE<\/a>)–Performance Food Group Company (\u201cPFG\u201d or the \u201cCompany\u201d) (NYSE: PFGC)<\/a> today announced that, as part of a planned succession process, George Holm will transition to the role of Executive Chair of the Board of Directors, effective Jan. 1, 2026. Scott McPherson, currently President and Chief Operating Officer (COO) of PFG, will succeed Holm as Chief Executive Officer (CEO) of PFG and will also be appointed as a member of the Company\u2019s Board at that time. As Executive Chair, Holm will continue to work closely with McPherson on M&A activities, customer relationships and overseeing the Company\u2019s strategic direction.\n<\/p>\n

\n\u201cIt has been a privilege to be CEO of PFG, and I am proud of all that we have accomplished together. With a strong team, a clear strategic vision and positive business momentum, now is the right time to implement our succession plan and the next phase of leadership for the Company,\u201d Holm said. \u201cHaving worked closely with Scott, I have seen firsthand how he prioritizes people and customers, bringing a relentless pursuit of value creation. I believe the future of PFG is bright under Scott\u2019s leadership and I look forward to continuing to work alongside him and the rest of the Board in my new role as Executive Chair.\u201d\n<\/p>\n

\n\u201cI\u2019m honored to step into the role of CEO at this exciting time for PFG,\u201d said McPherson. \u201cI believe our company has tremendous growth potential as we focus on driving top-line performance\u2014supporting our existing customers while winning new business through collaboration across our diverse segments. Operationally, we\u2019re well positioned and will continue investing in technologies that enhance efficiency and strengthen bottom-line results. PFG is recognized across the foodservice, convenience, and specialty segments for the quality of our associates and our strong cultural values, and I\u2019m proud to continue that legacy. Together with George, the Board, and our management team, I\u2019m confident we are poised for continued success and committed to delivering value for our stockholders.\u201d\n<\/p>\n

\nMcPherson, whose extensive experience includes having served as CEO of CoreMark, became President and COO at PFG in January 2025. He previously served as Chief Field Operations Officer, where he oversaw the Company\u2019s primary business segments: Performance Foodservice, Core-Mark, and Vistar since January 2024. Over the course of his more than 30-year career, McPherson has been recognized for his innovative contributions to sales and marketing, his valuable expertise in supply chain management and divisional operations, and for his commitment to cultivating a positive, collaborative company culture.\n<\/p>\n

\n\u201cThis leadership transition is the result of thorough and thoughtful multi-year succession planning by our Board and supports the strategy unveiled at PFG\u2019s 2025 Investor Day earlier this year,\u201d said Manuel A. Fernandez, Lead Independent Director of the Board. \u201cScott is a proven leader with a deep understanding of PFG and, in his current role as COO, was a key architect in the development of our strategic objectives. We are confident that he is the right person to succeed George as CEO and take PFG into its next chapter of success.\u201d\n<\/p>\n

\nFernandez continued, \u201cOn behalf of the entire Board, I want to thank George for his countless contributions to PFG and for being a visionary leader. During his tenure, George guided PFG from private ownership to being a publicly traded company, growing it significantly and building the foundation that has established PFG as a leading food and foodservice distributor in the United States. We are grateful that George will continue to contribute his leadership and insights as Executive Chair of PFG.\u201d\n<\/p>\n

About Performance Food Group Company<\/b><\/p>\n

\nPerformance Food Group is an industry leader and one of the largest food and foodservice distribution companies in North America with more than 150 locations. Founded and headquartered in Richmond, Virginia, PFG and our family of companies market and deliver quality food and related products to over 300,000 locations including independent and chain restaurants; businesses, schools and healthcare facilities; vending and office coffee service distributors; and big box retailers, theaters and convenience stores. PFG\u2019s success as a Fortune 100 company is achieved through our approximately 43,000 dedicated associates committed to building strong relationships with the valued customers, suppliers and communities we serve. To learn more about PFG, visit pfgc.com.\n<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, and integration of our acquisition of Cheney Bros., Inc. (the \u201cCheney Brothers Acquisition\u201d) and other nonhistorical statements. You can identify these forward-looking statements by the use of words such as \u201coutlook,\u201d \u201cbelieves,\u201d \u201cexpects,\u201d \u201cpotential,\u201d \u201ccontinues,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cseeks,\u201d \u201cprojects,\u201d \u201cpredicts,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cestimates,\u201d \u201canticipates\u201d or the negative version of these words or other comparable words.\n<\/p>\n

\nSuch forward-looking statements are subject to various risks and uncertainties. The following factors, in addition to those discussed under the section entitled Item 1A. Risk Factors in PFG\u2019s Annual Report on Form 10-K for the fiscal year ended June 28, 2025 filed with the Securities and Exchange Commission (the \u201cSEC\u201d) on August 13, 2025, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC\u2019s website at www.sec.gov<\/a>, could cause actual future results to differ materially from those expressed in any forward-looking statements:\n<\/p>\n