Performance Food Group Company Announces Board Updates

Performance Food Group Company (“PFG” or the “Company”) (NYSE: PFGC) today announced that the independent directors of the Company’s Board of Directors (the “Board”) have elected Matthew C. Flanigan to serve as Lead Independent Director following PFG’s 2026 Annual Meeting of Stockholders (the “Annual Meeting”). Flanigan, who currently chairs the Board’s Audit and Finance Committee, will succeed Manuel A. Fernandez, who has served in the role since 2019.

The Company also announced that Fernandez and directors William F. Dawson, Jr., Laura Flanagan and Scott D. Ferguson will not stand for reelection to the Board at the Annual Meeting. Following the Annual Meeting, the Board will decrease in size from 14 to 10 directors, eight of whom will be independent. In addition, George L. Holm, Executive Chair of the Board, will transition to become Non-Executive Chair, effective January 1, 2027.

“On behalf of the entire Board, I want to thank Manny, Bill, Laura and Scott for their contributions to PFG,” said Holm. “Over their tenures, Manny and Bill have helped guide PFG through significant transformation, including its IPO to becoming a Fortune 100 company. Laura joined as part of the Core-Mark acquisition and brought important insights in the boardroom during and beyond that successful transaction and Scott provided valuable investor perspectives during his tenure. We are grateful for their unique perspectives and the ways each has made their mark on our Company’s success.”

Holm continued, “PFG has tremendous momentum and a clear plan focused on margin expansion, disciplined capital allocation and consistent organic sales growth, and as our new Lead Independent Director, Matt will play an important role in helping to guide this strategy. Together with Matt and the rest of the Board, I look forward to continuing to work alongside Scott McPherson and the leadership team as they execute our plan to build on our scale and diversified position across the food-away-from-home market.”

Flanigan said, “I am honored to have been selected to serve as Lead Independent Director. I also want to recognize Manny for his more than seven years of service in this role. His leadership on our Board and his focus on strong governance have been invaluable to PFG. Looking forward, our Board is enthusiastic about our Company’s prospects, and confident that we are executing the right strategy and priorities to deliver sustainable long-term growth. We will continue to evaluate our Board’s size and composition consistent with our commitment to ongoing Board refreshment.”

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