PFG Appoints Scott McPherson as New CEO, George Holm Transitioning to Executive Chair
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2025
0mins
Source: Newsfilter
- Leadership Transition: Performance Food Group announced that George Holm will transition to Executive Chair on January 1, 2026, while Scott McPherson will succeed him as CEO, marking a strategic leadership handover aimed at sustaining business growth momentum.
- Strategic Planning Implementation: This leadership change is the result of thorough multi-year planning, with Holm successfully guiding PFG from private ownership to a publicly traded company, establishing its leadership position in the U.S. food distribution industry.
- Growth Potential: McPherson emphasized a focus on driving revenue growth by collaborating with existing customers and winning new business, which is expected to further enhance the company's competitive position in the market.
- Cultural Legacy and Innovation: With over 30 years of industry experience, McPherson is committed to maintaining PFG's corporate culture and values, and is expected to drive ongoing improvements in technology investment and operational efficiency.
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Analyst Views on PFGC
Wall Street analysts forecast PFGC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PFGC is 119.13 USD with a low forecast of 105.00 USD and a high forecast of 130.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
8 Buy
1 Hold
0 Sell
Strong Buy
Current: 97.380
Low
105.00
Averages
119.13
High
130.00
Current: 97.380
Low
105.00
Averages
119.13
High
130.00
About PFGC
Performance Food Group Company, through its subsidiaries, markets and distributes primarily national and Company-branded food and food-related products to customer locations across North America. The Company operates through three segments: Foodservice, Convenience, and Specialty. Its Foodservice segment distributes a line of national brands, customer brands, and its proprietary-branded food and food-related products to independent and multi-unit chain restaurants and other institutions. The Specialty segment specializes in distributing candy, snacks, beverages, and other items nationally to vending, office coffee service, theater, retail, hospitality, and other channels. The Convenience segment distributes candy, snacks, beverages, cigarettes, other tobacco products, food and foodservice related products, and other items to convenience stores across North America. It markets and distributes over 300,000 food and food-related products to customers across the United States.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
PFG Appoints Scott McPherson as New CEO, George Holm Transitioning to Executive Chair
- Leadership Transition: Performance Food Group announced that George Holm will transition to Executive Chair on January 1, 2026, while Scott McPherson will succeed him as CEO, marking a strategic leadership handover aimed at sustaining business growth momentum.
- Strategic Planning Implementation: This leadership change is the result of thorough multi-year planning, with Holm successfully guiding PFG from private ownership to a publicly traded company, establishing its leadership position in the U.S. food distribution industry.
- Growth Potential: McPherson emphasized a focus on driving revenue growth by collaborating with existing customers and winning new business, which is expected to further enhance the company's competitive position in the market.
- Cultural Legacy and Innovation: With over 30 years of industry experience, McPherson is committed to maintaining PFG's corporate culture and values, and is expected to drive ongoing improvements in technology investment and operational efficiency.

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Performance Food Group Names George Holm as Executive Chair and CEO
Leadership Transition: Performance Food Group Company (PFGC) announced that CEO George Holm will become Executive Chair of the Board of Directors starting January 1, 2026.
New CEO Appointment: Scott McPherson, currently the Chief Operating Officer, will take over as CEO following Holm's transition.
Succession Planning: The leadership change is part of a multi-year succession planning process by the Board, aligning with PFG's strategic goals discussed at the 2025 Investor Day.
Author's Disclaimer: The opinions expressed in the article are those of the author and do not necessarily reflect the views of Nasdaq, Inc.

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