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Performance Food Group Announces CEO Succession and Transition

Story Highlights
  • Performance Food Group will elevate COO Scott McPherson to CEO, while George Holm shifts to Executive Chair on January 1, 2026.
  • The board restructured executive compensation, boosting McPherson’s pay with performance-linked equity while reducing Holm’s salary to align with his new role.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Performance Food Group Announces CEO Succession and Transition

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Performance Food Group ( (PFGC) ) just unveiled an update.

On December 18, 2025, Performance Food Group announced a leadership succession in which long-time Chairman and CEO George L. Holm will retire from the chief executive role and transition to Executive Chair of the board effective January 1, 2026, while Scott E. McPherson, currently president and chief operating officer, will become CEO and join the board as its 14th member on the same date. The move, described as the result of multi-year succession planning, keeps Holm focused on M&A, key customer relationships and strategic oversight, and elevates McPherson, a former Core-Mark CEO with more than 30 years’ industry experience, who played a central role in shaping PFG’s strategy and overseeing its core segments. In conjunction with the change, the board approved a substantial new compensation package for McPherson, including a higher base salary and performance-oriented equity awards tied to relative total shareholder return, while reducing Holm’s pay to reflect his new role, signaling a carefully managed transition designed to maintain strategic continuity and support the company’s growth and value-creation objectives for shareholders and other stakeholders.

The most recent analyst rating on (PFGC) stock is a Buy with a $120.00 price target. To see the full list of analyst forecasts on Performance Food Group stock, see the PFGC Stock Forecast page.

Spark’s Take on PFGC Stock

According to Spark, TipRanks’ AI Analyst, PFGC is a Neutral.

Performance Food Group’s overall stock score is driven by strong earnings call results and consistent financial performance. However, technical indicators suggest bearish momentum, and the stock’s high valuation presents a risk. The company’s high leverage and declining free cash flow also pose challenges.

To see Spark’s full report on PFGC stock, click here.

More about Performance Food Group

Performance Food Group Company is a Fortune 100 food and foodservice distribution leader and one of the largest distributors in North America, operating more than 150 locations. Headquartered in Richmond, Virginia, it markets and delivers food and related products to over 300,000 sites, including independent and chain restaurants, businesses, schools, healthcare facilities, vending and office coffee distributors, big-box retailers, theaters and convenience stores, supported by approximately 43,000 employees.

Average Trading Volume: 1,279,615

Technical Sentiment Signal: Buy

Current Market Cap: $14.79B

For detailed information about PFGC stock, go to TipRanks’ Stock Analysis page.

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