Performance Food Group Business Summary

Performance Food Group Co (PFG) is a leading North American food distributor that generates revenue through the high-volume procurement and route-based wholesale distribution of over 250,000 food and food-related products. The company operates through three primary segments: Foodservice, which provides broadline distribution to independent and chain restaurants; Convenience (led by the Core-Mark subsidiary), which services the convenience retail industry; and Specialty (Vistar), which focuses on the vending, office coffee, and theater channels. PFG competes directly with industry giants Sysco Corporation, US Foods, and McLane Company. While it maintains a position as the third-largest broadline distributor in the United States, PFG distinguishes itself through its dominant market share in the specialized convenience and concessions sectors, bolstered by recent large-scale acquisitions like Cheney Brothers and Core-Mark. Following a planned leadership transition on January 1, 2026, the company is led by President and CEO Scott McPherson, a supply chain expert who previously served as CEO of Core-Mark. George Holm, who founded Vistar and served as PFG’s CEO since 2008, now serves as Executive Chairman, overseeing strategic direction and M&A activities. The executive team includes Patrick Hatcher as EVP and Chief Financial Officer and Don Bulmer as EVP and Chief Information Officer. PFG’s governance is further influenced by Lead Independent Director Manuel A. Fernandez and notable activist investor Scott Ferguson, founder of Sachem Head Capital Management, who joined the board in late 2025 to drive shareholder value and operational efficiency.