Performance Food Group Company (PFGC), a distributor and marketer of food and related products, said on Thursday that it has appointed its Chief Executive Officer, George Holm, as Executive Chair of the Board of Directors with effect from January 1, 2026.
Subsequently, Scott McPherson, currently Chief Operating Officer of the company, will succeed Holm as CEO.
Manuel A. Fernandez, Lead Independent Director of the Board, said: "This leadership transition is the result of thorough and thoughtful multi-year succession planning by our Board and supports the strategy unveiled at PFG's 2025 Investor Day earlier this year."
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.