BNET Industries
Last Fiscal Year Sales:$6.3B
- Public
- US
Dow Jones Description
Groceries & General Line Whslr & Distr
President & CEO
George HolmNumber of Employees 7,200
Contact Information
12500 W Creek Pkwy
Richmond
(804) 484-7700
Peer Companies
NAICS Code Packaged Frozen Food Merchant Wholesalers: 424420
News & Analysis
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performance food group and richmond - All News and Analysis
PFG has sales and profit growth in 3rd Q
RICHMOND, VA. -- Performance Food Group, which is headquartered here, reported a strong third quarter ended Sept. 29. Street sales increased 10 percent over the prior year's, and net earnings rose 32 percent. Earnings per share for the quarter ended were at 46 cents. [ILLUSTRATION OMITTED]
PFG unveils plans to increase standardization
RICHMOND, VA. -- Performance Food Group, the nation's third-largest broadline distributor, recently unveiled three strategies designed to decrease its decentralized nature and enhance future growth. First, PFG will work to increase street sales, or those from independent restaurants. Next, the distributor will implement category management. Third, PFG will improve operational...
PFG announces stock repurchase program
RICHMOND, VA. -- Performance Food Group, based here, has announced a stock repurchase program of up to $100 million of the company's common stock. At the end of August, the company had 37.5 million shares outstanding.
PFG finalizes sale of fresh-cut business; plans to repurchase stock
RICHMOND, VA. -- Performance Food Group, or PFG, has sold its fresh-cut produce segment to Chiquita Brands International for close to $855 million. The sale allows PFG to return its focus to its core distribution business. In addition, the company has announced a plan to repurchase 10 million shares...
PFG weighing the sale of Fresh Express
RICHMOND, VA. -- Performance Food Group, the third-largest North American broadline distributor with revenues of $4.6 billion, is considering selling off its Fresh Express subsidiary. Despite a three-year growth curve, Fresh Express recently lost market share owing to softness in the fresh-cut produce business. It is the largest produce processor...
Quality property
Remember the $95 million sale of Little Rock's Quality Foods Inc. to Performance Food Group of Richmond, Va.? Performance Food exercised its option to buy the real estate assets of the wholesale food distributor. Covering 40-plus acres, the Little Rock complex added up to a $12.3 million transaction....
Quality Foods layoffs
It's true that Quality Foods Inc. of Little Rock, which became a subsidiary of Performance Food Group of Richmond, Va., earlier this year, has laid off some workers. Philip Tappan, president and chief operating officer of Quality Foods, said 24-26 employees lost their jobs--about 3 percent of the work...
Performance to purchase Empire Seafood Holding
RICHMOND, VA. -- Performance Food Group, a distributor based here, agreed to acquire privately owned Empire Seafood Holding Corp., a Miami-based seafood distributor. Performance agreed to pay $70 million in cash and common stock plus the assumption of certain liabilities. Empire projected that net sales for 2001 would run about...
PFG seals merger agreement with NorthCenter
RICHMOND, VA. Foodservice distributor Performance Food Group signed a merger agreement with Augusta, Maine-based NorthCenter Foodservice Corp. Terms were not disclosed. Also, Performance rescinded its authorization to repurchase up to $10 million in company stock, citing an appreciation in the stock's price.
PFG to acquire Performance Food Group - Virginia Food Service Group - Brief Article
RICHMOND, Va. - Performance Food Group here inked a deal to acquire privately owned foodservice distributor Virginia Food Service Group, also here. Terms of the deal, which is expected to close in 60 days, were not disclosed.
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| George Holm | President & CEO |
| Charlotte Perkins | Chief Hr Officer |
| Joe Traficanti | Chief Compliance Officer |
| John D. Austin | Chief Financial Officer |
| Joseph J. Paterak | Senior Vice President, Broadline Operations |
| Jeffery W. Fender | Treasurer & Vice President |
| Chris Flynn | General Manager |
| Robert C. Sledd | Co-Founder |
| Cheryl Moore | Director, Corp Communications |
| J. Keith Middleton | Senior Vice President & Controller |
| J. Keith Middleton | Controller & Senior Vice President |
| Phil Brackelsberg |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Thomas Hoffman | Member, Executive Council Board of Directors |
| Fred C Goad | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Performance Food Group Company | President & CEO | Current |
| Organization | Position | Status |
|---|---|---|
| Performance Food Group Company | Chief Hr Officer | Current |
| Performance Food Group Company | Vice President, Risk Management | Current |
| Performance Food Group Company | Member, Executive Council Board of Directors | Current |
| C&S Wholesale Grocers, Inc. | Senior Vice President, Human Resources and Risk Management | Former |
| Peregrine Financial Group | Vice President of Risk Management | Former |
| Organization | Position | Status |
|---|---|---|
| Performance Food Group Company | Chief Compliance Officer | Current |
| Performance Food Group Company | Senior Vice President | Current |
| McGuireWoods LLP | Partner | Current |
| Performance Food Group Company | Member, Executive Council Board of Directors | Current |
| Owens & Minor Inc. | Vice President | Former |
| Performance Food Group Company | Corporate Secretary | Former |
| Owens & Minor Inc. | Associate General Counsel | Former |
| Organization | Position | Status |
|---|---|---|
| Performance Food Group Company | Chief Financial Officer | Current |
| Boy Scouts of America | Board of Directors | Current |
| Performance Food Group Company | Secretary | Current |
| Performance Food Group Company | Senior Vice President | Former |
| Performance Food Group Company | Corporate Controller | Former |
| Performance Food Group Company | Corporate Treasurer | Former |
| Organization | Position | Status |
|---|---|---|
| Performance Food Group Company | Senior Vice President, Broadline Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Performance Food Group Company | Treasurer & Vice President | Current |
| Performance Food Group Company | Treasurer | Current |
| Organization | Position | Status |
|---|---|---|
| Performance Food Group Company | General Manager | Current |
Robert C. Sledd is the Chairman of Performance Food Group and has held that position since February 1995. Mr. Sledd was one of the Company's co-founders and has served as director since PFG's inception in 1987.
| Organization | Position | Status |
|---|---|---|
| Performance Food Group Company | Co-Founder | Current |
| Owens & Minor Inc. | Managing Partner, Pinnacle Ventures, LLC and Sledd Properties, LLC | Current |
| Owens & Minor Inc. | Chairman, Performance Food Group | Current |
| Pool Corporation | Board of Directors | Current |
| Performance Food Group Company | CEO | Former |
| Performance Food Group Company | Chairman of the Board of Directors | Former |
| Homeward, Inc | Chairman, Board of Directors | Former |
| Performance Food Group Company | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Performance Food Group Company | Director, Corp Communications | Current |
| Performance Food Group Company | Director, Corp Communications | Former |
| Organization | Position | Status |
|---|---|---|
| Performance Food Group Company | Senior Vice President & Controller | Current |
| Organization | Position | Status |
|---|---|---|
| Performance Food Group Company | Controller & Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Terra Renewal Services, Inc | Chief Financial Officer | Current |
| Performance Food Group Company | Current | |
| Terra Renewal Services, Inc | Vice President, Finance and Financial Reporting | Former |
| Organization | Position | Status |
|---|---|---|
| Performance Food Group Company | Member, Executive Council Board of Directors | Current |
| Performance Food Group Company | CEO, Pfg's Customized Division | Former |
| PFG-Customized Division | CEO | Former |
| Performance Food Group Company | Senior Vice President | Former |
| Peregrine Financial Group | Senior Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Oneapp Hr | Partner | Current |
| Sy.Med Development, Inc. | Partner | Current |
| Oneapp Agency | Partner | Current |
| Performance Food Group Company | Board of Directors | Current |
| Vanderbilt Children's Hospital | Board of Directors | Current |
| Oneapp Agency | Board of Directors | Current |
| Abbott AG | Member of the Board of Directors | Current |
| The Doctor Dalai | Board of Directors | Current |
| Vysis, Inc. | Member of The Board of Directors | Current |
| Informatics Corporation of America | Director | Current |
| Sy.Med Development, Inc. | Board of Directors | Current |
| Emageon Inc. | Board of Directors | Current |
| Performance Food Group Company | Member, Audit Committee | Current |
| Quintiles Transnational Corp. | President | Former |
| Quintiles Transnational Corp. | Senior Advisor | Former |
| Hlth Corporation | Former | |
| Financial Institution Services | Former | |
| Nashville Health Care Council | Board of Directors | Former |
| Luminex Corporation | Director | Former |
| University of Virginia | B.S. Degree | Former |
| Nashville Health Care Council | Member | Former |
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