Performance Food Group Company (NYSE: PFGC) announced that long‑time CEO George Holm will step down from the chief executive role and become Executive Chair of the Board effective January 1, 2026. President and Chief Operating Officer Scott McPherson will succeed Holm as CEO and will also join the board at that time.
George Holm has led PFGC since 2008, guiding the company through its transition from private ownership to a public company and driving significant scale and profitability. He has served as Chairman of the Board since 2019 and has been a key architect of the firm’s growth strategy, including a series of strategic acquisitions that have expanded the company’s geographic reach and product mix.
Scott McPherson joined PFGC in January 2024, initially as Chief Field Operations Officer, and was promoted to President and COO in January 2025. He brings more than 30 years of experience in the foodservice distribution industry, having previously served as CEO of Core‑Mark, one of PFGC’s core divisions. His deep operational expertise and track record of driving efficiency make him a natural fit to lead the company’s day‑to‑day operations.
The transition is part of a planned succession strategy designed to preserve continuity and maintain the company’s focus on growth through acquisitions and operational excellence. Holm will continue to oversee mergers and acquisitions and key customer relationships, ensuring that the firm’s strategic initiatives and long‑term relationships remain intact while McPherson focuses on executing the day‑to‑day business and expanding the company’s market share.
Performance Food Group operates through three primary divisions—Performance Foodservice, Vistar, and Core‑Mark—serving more than 300,000 locations across North America with a workforce of approximately 43,000 employees. The company’s diversified portfolio positions it to capture growth in both institutional and retail foodservice markets, while its acquisition strategy has historically added complementary capabilities and geographic reach.
George Holm said, “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. I believe the future of PFG is bright under Scott’s leadership and I look forward to continuing to work alongside him and the rest of the Board in my new role as Executive Chair.” Scott McPherson added, “I’m honored to step into the role of CEO at this exciting time for PFG. I believe our company has tremendous growth potential as we focus on driving top‑line performance—supporting our existing customers while winning new business through collaboration across our diverse segments. Operationally, we’re well positioned and will continue investing in technologies that enhance efficiency and strengthen bottom‑line results.”
The leadership change signals a commitment to continuity while positioning the company for continued expansion. With Holm’s experience in M&A and customer relationships and McPherson’s operational focus, PFGC is poised to sustain its acquisition‑driven growth strategy and reinforce its operational excellence initiatives, reinforcing investor confidence in the firm’s long‑term trajectory.
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