Leadership Changes at Performance Food Group Improve Growth Strategy

Performance Food Group Enhances Leadership Team

Performance Food Group Company (NASDAQ: PFGC) has made significant changes to its executive leadership team. These adjustments, approved by the board of directors, aim to strengthen the company's operational management and growth strategies. The new appointments will take effect on January 1, 2025.

Scott McPherson Appointed as President & COO

Scott McPherson has been promoted to President & Chief Operating Officer (COO) of PFG. In his new role, he will continue to oversee PFG’s three key business segments: Foodservice, Convenience, and Vistar. This foundational change places McPherson in a strategic position to spearhead company growth, ensuring all facets of these segments operate seamlessly under his guidance.

Background of Scott McPherson

With more than 30 years of experience in the industry, McPherson has held several pivotal leadership roles at Core-Mark. His previous positions include Senior Vice President across various divisions, where he focused on corporate development, operations, and management. Before taking on the COO role at PFG, he was the Executive Vice President & Chief Field Operations Officer, demonstrating a solid track record in driving operational excellence.

Craig Hoskins Transitions to Executive VP & Chief Development Officer

Meanwhile, Craig Hoskins will transition into the newly created position of Executive Vice President & Chief Development Officer. His role will be crucial in leading the integration of PFG’s latest acquisitions, which include Cheney Brothers Inc. and Jose Santiago Inc. This strategic move highlights PFG’s commitment to maximizing efficiencies and strengths from these organizations.

Craig Hoskins’ Experience

Hoskins has an extensive background with PFG, having served as President & COO for the past three years. His leadership experience extends further back when he held the titles of President & CEO of Performance Foodservice and President & CEO of customized solutions at PFG. His journey with the company began in the early days of Vistar in 1990, where he played various roles across marketing, sales, purchasing, and operations.

Importance of Strong Leadership

George Holm, PFG’s Chairman & CEO, emphasized the vital role that a strong leadership team plays in the company’s overall success. "At PFG, we believe that having a strong leadership team is one of the cornerstones of our success," he stated. The company is committed to investing in the development of its leaders to ensure they are well-equipped to drive innovation and foster growth amidst a fast-moving marketplace.

About Performance Food Group Company

Performance Food Group is recognized as one of the largest food and foodservice distribution companies in North America, boasting over 150 locations. The company, headquartered in Richmond, Virginia, provides quality food and related products to a diverse clientele of over 300,000 locations. This includes independent and chain restaurants, businesses, schools, healthcare facilities, and convenience stores. As a Fortune 100 company, PFG attributes its success to a dedicated team of over 40,000 associates who prioritize building robust relationships with customers, suppliers, and communities.

Frequently Asked Questions

What are the new leadership changes at PFG?

Scott McPherson has been promoted to President & COO, while Craig Hoskins becomes Executive VP & Chief Development Officer.

When will these changes take effect?

The new executive roles will take effect on January 1, 2025.

What is Scott McPherson's background?

McPherson has extensive experience in the food distribution sector, with prior leadership roles at Core-Mark and as Chief Field Operations Officer at PFG.

What is Craig Hoskins' new role?

He will lead the integration efforts of PFG's recent acquisitions to leverage their strengths within the company.

How does PFG view leadership in relation to its success?

PFG believes that a strong leadership team is essential for driving innovation and ensuring effective responses to market changes.

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