RICHMOND, Va.–(BUSINESS THREAD)–Performance Food Group Company (PFG) (NYSE: PFGC) today announced the upcoming retirement of Executive Vice President and Chief Financial Officer Jim Hope and the transition of the role to Patrick Hatcher, President and Chief Operating Officer of Vistar during the last quarter of calendar 2022.
“Jim has been a driving force in PFG’s tremendous growth over the past few years. The depth of experience and enthusiasm he has brought to the role of CFO has positioned us with the financial strength to deliver meaningful value to our stakeholders,” said PFG President and CEO George Holm. ” Patrick has demonstrated his strength as a leader since joining us in 2010. We were delighted to promote him to President and COO of Vistar and now look forward to bringing his talents to the leadership team senior at PFG. With Jim’s mentorship and guidance over the coming months, I am looking forward to a smooth transition as PFG continues our strategic and disciplined financial approach.”
Mr. Hope has had an impressive career in the industry spanning over 35 years. Early in his career with PFG, he led efforts to streamline business operations, strengthen internal best practices, develop PFG’s specialty business, and guide acquisition and operations strategies. As CFO, he has led PFG’s corporate finance department, overseeing accounting, tax, treasury, internal audit, investor relations and financial planning. Before PFG, Mr. Hope held executive leadership positions at Sysco Corporation for 26 years, serving as executive vice president of business transformation, senior vice president of sales and president of the operating company.
“I have appreciated Jim’s strong voice on my team, along with his experience and valuable guidance,” added Mr. Holm. “On behalf of the senior management team, we wish him the best of luck as he embarks on his retirement in the new year.”
Mr. Hatcher is currently Vistar’s president and chief operating officer. He joined Vistar in 2010 and has held various executive leadership positions spanning finance, information technology, sales and marketing, including Vistar’s Vice President, Finance and Chief Financial Officer. Before joining the PFG family of companies, Mr. Hatcher spent 10 years with MillerCoors in finance and many other roles. He brings global experience from his roles as Senior Producer of Business Development for China.com and Chief Operating Officer of South China Brewing Company. He currently serves as the Vice Chair of the Board of Directors of NAMA, the convenience services industry association of the United States.
“We recognize that a strong financial foundation has been key to PFG delivering on our growth strategy and for our shareholders,” said Mr. Holm. “Patrick’s understanding of our business and his experience in finance make him an excellent choice to serve as CFO of Performance Food Group.” Mr. Hope added: “This is an exciting time for PFG and with Patrick’s experience, we will be well positioned to continue on our successful path. I am confident that the transition period will be smooth and will successfully prepare Patrick for to his new role.”
Scott McPherson promoted to executive vice president of PFG
The company has also promoted Scott McPherson to executive vice president of PFG and president and CEO of Convenience. With this promotion, Mr. McPherson will also provide executive oversight of the Vistar segment. He will continue to report to PFG President and COO Craig Hoskins.
“I am very pleased to add Scott’s vision and voice to PFG’s senior management team,” said Mr. Holm. “His leadership of Core-Mark has been a driving force in our rapid and successful integration of this business into the PFG family of companies. With Scott’s expanded reach, I look forward to continuing PFG’s growth, innovation and success.”
Mr. McPherson held numerous leadership positions with Core-Mark, most recently serving as President and CEO. During his 30-year career at Core-Mark, he has held the positions of senior vice president of the company’s North American division, corporate development and operations and business development, and served as president and chief operating officer.
About Performance Food Group Company
Performance Food Group is an industry leader and one of the largest food distribution and food service companies in North America with more than 150 locations in the US and parts of Canada. Founded and headquartered in Richmond, Va., PFG, and our family of companies, market and deliver quality food and related products to more than 300,000 locations, including independent and chain restaurants; companies, schools and health centers; distributors of vending and office coffee services; and department stores, theaters, and convenience stores. PFG’s success as a Fortune 200 company is driven by our more than 30,000 dedicated associates committed to building strong relationships with the valued customers, suppliers and communities we serve. For more information about PFG, visit pfgc.com.