PFG announces CEO succession: Holm to Executive Chair, McPherson named CEO effective Jan 1, 2026

Performance Food Group Co

George Holm retires as CEO effective Jan 1, 2026, transitions to Executive Chair of the Board.
Scott McPherson, current President & COO, appointed CEO and elected to the Board effective same date.
McPherson's new compensation: base salary $1M, cash incentive target 150%, LTI target $6M, plus $1.75M equity grant.
Holm's salary reduced to $600K for remainder of fiscal 2026; cash incentive target lowered to 100% of base.
Succession follows multi-year planning; McPherson previously CEO of Core-Mark, joined PFG in 2022.

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