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Performance Food Group announces Jan. 1 CEO transition
Performance Food Group names Scott McPherson CEO effective Jan. 1, 2026, as George Holm transitions to executive chair.
Mars completes $36B Kellanova acquisition
McLean-based candy and pet care giant Mars announced Thursday that it has completed its $36 billion acquisition of Kellanova.
EU approves $36B Mars-Kellanova buy; deal to close this week
McLean-based candy and pet care giant Mars has received the European Union's blessing to acquire Kellanova, maker of Pringles, Cheez-Its and other snacks, in a $36 billion deal.
Mars nears EU approval for $36B Kellanova deal
McLean-based candy and snacks giant Mars' $36 billion bid to acquire Pringles and Pop-Tarts maker Kellanova is set to clear a major hurdle by winning unconditional European Union antitrust approval, three people with direct knowledge of the matter said.
Nightingale Ice Cream cancels expansion plans
Nightingale Ice Cream Sandwiches has canceled plans for a $5.8 million expansion into a new Richmond facility.
Activist investor takes a $4 billion stake in PepsiCo, seeing a path to revive sales
Elliott Investment Management disclosed a $4B stake in PepsiCo, urging changes to revive growth and profitability in its core U.S. business.
Retail | Wholesale | Food | Beverage 2025: MORA, KATE
Kroger tapped Mora to lead its mid-Atlantic division in 2024. She joined Kroger in 2022 as vice president on special assignment supporting End-to-End Fresh, an initiative designed to get the freshest food to shoppers, and became vice president for merchandising in its Michigan division. Before joining Kroger, Mora worked for more than 26 years at […]
Retail | Wholesale | Food | Beverage 2025: KOTLER, ARIE
An Israeli native, Kotler has led Arko, the nation’s sixth largest convenience store chain and parent company of GPM Investments, since 2020, when it merged with Haymaker Acquisition Corp. II to become a U.S.-listed public company. He founded GPM in 2003, sold the business in 2006 and reacquired it in 2011. The company has been on […]
Retail | Wholesale | Food | Beverage 2025: MIN, EUNHONG ‘EDWARD’
In February, StarKist announced Min had been appointed president and CEO of the food company that produces the iconic single-serve tuna pouches as well as other salmon-, chicken-, and beef-based products. StarKist is a direct wholly owned subsidiary of Dongwon Industries Co. Min succeeded Young Choi, who was announced as the company’s new leader in […]
Retail | Wholesale | Food | Beverage 2025: HOLM, GEORGE L.
Holm became Performance Food Group‘s leader in 2008 after more than four decades in the foodservice distribution industry, with leadership roles at Sysco, US Foods, Alliant Foodservice and Vistar. He became president and CEO of PFG when the Blackstone Group and Wellspring Capital Management purchased PFG and merged it with a subsidiary of Vistar, where […]
Retail | Wholesale | Food | Beverage 2025: HERMIDA, E. YURI
As a result of Sauer Brands’ acquisition by private equity firm Advent International from Falfurrias Capital Partners this year, Hermida became CEO of the 138-year-old condiments and seasonings company in March. Specific terms of the deal were not disclosed, but Bloomberg valued it at approximately $1.5 billion. Hermida most recently was executive vice president and chief growth […]
