RICHMOND, Va.--(BUSINESS WIRE)--Performance Food Group Company (NASDAQ/NGS:PFGC) and VISTAR Corporation announced today that George Holm, the president and chief executive officer of VISTAR, will be the chief executive officer of the combined company that will be known as Performance Food Group, effective upon the completion of the companies’ pending merger. Steven Spinner, Performance Food Group’s current president and chief executive officer, has announced his decision to resign effective upon completion of the merger.“Steve Spinner was instrumental in making PFG into a leader in the foodservice industry,” said John Stokely, vice chairman of the board of directors and lead outside director of Performance Food Group. “The value the PFG shareholders are receiving as a result of this merger are a direct result of his efforts.”
“Steve Spinner has done a great job of building Performance Food Group and has played a key role in leading the integration planning efforts,” said Prakash Melwani, a senior managing director at The Blackstone Group (NYSE:BX - News), whose affiliates hold a controlling interest in VISTAR.
“I am privileged,” said Steven Spinner, “to have been a part of Performance Food Group and to have been able to lead it for the past few years. Working with, and on behalf of, the company’s outstanding associates and customers has been rewarding and exciting. I wish the combined company great success.”
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