On August 24, 2026, Scott D. Ferguson resigned from the Board of Directors and all committee positions at Performance Food Group Company, effective immediately. The company stated that his departure was not due to any disagreement regarding operations or policies. Ferguson had served as a director since September 2025. This is an executive leadership change involving a board member. Performance Food Group Co operates in the food distribution industry, providing wholesale and retail food products.

Performance Food Group Company announced significant Board governance changes effective after its 2026 Annual Meeting. George L. Holm will transition from Executive Chair to Non-Executive Chair on January 1, 2027. Matthew C. Flanigan was elected Lead Independent Director, succeeding Manuel A. Fernandez. Additionally, the Board size will decrease from 14 to 10 directors, with eight independent members. Four directors—Fernandez, William F. Dawson Jr., Laura Flanagan, and Scott D. Ferguson—will not stand for reelection as part of ongoing Board refreshment. These changes are routine governance updates without material financial impact. Performance Food Group is a leading foodservice distributor in North America.

Performance Food Group reported fourth-quarter fiscal 2026 net sales of $18.0 billion, a 6.4% increase year-over-year, driven by inflation and organic case volume growth. Full-year fiscal 2026 net sales reached $67.8 billion, up 7.2%, with diluted EPS rising 5.0% to $2.29 and adjusted EBITDA increasing 9.2% to $1.9 billion. The company announced full-year 2027 financial guidance, projecting net sales between $72.5 billion and $73 billion and adjusted EBITDA between $2.125 billion and $2.225 billion. Additionally, PFG provided first-quarter fiscal 2027 outlook with expected net sales of approximately $17.9 billion to $18.1 billion. Performance Food Group is a leading foodservice distributor in North America.