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Retail | Wholesale | Food | Beverage 2025: GEORGE L. HOLM

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 Holm was president and CEO, in a $1.4 billion deal.

PFG is No. 80 on the 2025 Fortune 500 and No. 272 on the Fortune Global 500, with $58.28 billion in net sales reported in fiscal 2024.

The company, which employs about 37,000 people, went public in 2015, and Holm became its board chairman in 2019. PFG delivers food products to more than 300,000 locations in the United States and Canada, including restaurants, businesses, schools, theaters and retailers. In October 2024, PFG acquired Florida-based food

distributor Cheney Brothers, which generates about $3.2 billion in annual revenue.

Reports surfaced in early July that US Foods is exploring an acquisition of PFG, which would create the largest

U.S. foodservice distributor, with roughly $100 billion in combined revenue.

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Retail | Wholesale | Food | Beverage 2025:: E. YURI HERMIDA

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 and strategy officer for Constellation Brands, an alcoholic beverage company based in New York.

He previously served as president of consumer packaged food company Sovos Brands, known for Rao’s Homemade, Noosa Yoghurt and Michael Angelo’s, and was chief growth officer before that.

Prior to joining Sovos, he was executive vice president of Reckitt, a multinational health, hygiene and nutrition producer, where he oversaw the company’s multibillion- dollar North American hygiene business. Hermida also previously held management positions at Procter & Gamble.

Sauer Brands was founded in Richmond as The C.F. Sauer Co. in 1887. It produces condiments, spices, seasonings and extracts. The company has manufacturing facilities in Richmond, South Carolina, Kansas and California and is most famous for Duke’s Mayonnaise, Kernel Season’s, The Spice Hunter, Mateo’s Gourmet Salsa and Sauer’s.

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Retail | Wholesale | Food | Beverage 2025: JAMES GRAMM

In 1983, barely five years after graduating from high school in Alexandria, Gramm sold two new cars on his first day as a sales rep at a dealership in Vienna. “The automobile business has been in my blood ever since,” he says.

Gramm worked in car sales in Virginia and Maryland, becoming vice president of Maryland Motors before buying his first dealership, Safford Dodge and RV in Fredericksburg, in 2002. In 2022, Safford purchased

Brown Automotive Group, which includes 16 stores in Virginia and Maryland and more than doubled Safford’s store count. The leadership team at Brown, based in Fairfax County, joined Safford, and the combined privately held company is now branded Safford Brown Automotive Group.

In 2025, Safford ranked No. 54 on Automotive News’ list of the top 150 vehicle dealership groups, a drop of 16 places from the previous year. Between 2023 and 2024, it had jumped from No. 87 to No. 38, which at the time made it the fastest- rising dealership in the nation.

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Retail | Wholesale | Food | Beverage 2025: JEFF HAMILTON

Hamilton stepped in as CEO of Arlington-based Nestlé’s Zone Americas division and joined the executive board on July 1. He succeeded Steve Presley, who worked at the company for almost 30 years. Hamilton previously served as business head of Purina PetCare Zone Europe. Now, he oversees Nestlé’s business in North America, Latin America and the Caribbean.

In 1991, Hamilton began his career with Purina as a sales representative before holding several leadership positions, including president and CEO of Nestlé Canada, president of Nestlé’s foods division in the U.S., and vice president of marketing at Nestlé Purina Asia, Oceania and Africa.

In the first half of 2025, Nestlé exceeded Wall Street’s expectations for earnings, achieving 2.9% in organic sales growth. The company is facing rising costs, however, due to tariffs — especially for coffee and cocoa — but it’s absorbing some of those expenses to maintain prices and retain customers. Nestlé is also investing about

$1.27 billion in Brazil between 2025 and 2028 to boost its coffee, cocoa and milk production.

Hamilton earned his bachelor’s degree in psychology from DePauw University and his MBA from the Kellogg School of Management at Northwestern University.

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Retail | Wholesale | Food | Beverage 2025: DALE FARINO

A former board vice chair, Farino was named CEO of Virginia Alcoholic Beverage Control Authority in April 2024, succeeding Travis Hill, who led the agency for nearly a decade.

Farino was executive vice president of Sandston-based Breakthru Beverage Virginia and previously worked at Tidewater Wholesalers and Coca-Cola Bottling. He also was president of the Virginia Wine Wholesalers Association from 2019 to 2023.

Virginia ABC, which reported nearly $1.5 billion in revenue for fiscal 2024, transitioned from a state department to a semi-independent authority in 2018.

Virginia ABC was a launch market for Fireball Blazin’ Apple Whisky, making Virginia one of the first three states to offer the new product. The commonwealth’s first boxes of the spirit arrived in December 2024.

Farino is a graduate of the University of Richmond and was an artillery officer in the Marine Corps.

INTERESTING PLACE I’VE TRAVELED: Earlier in my U.S. Marine Corps career, I had an opportunity to travel to Toulon, France, and work with the French Marine Corps.

ADVICE FOR NEW COLLEGE GRADS: Remain open to new experiences, opportunities and suggestions. Open minds lead to open doors.

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Retail | Wholesale | Food | Beverage 2025: WATT R. FOSTER JR.

In 1989, Foster bought Foster Fuels from his father, the late Watt R. “Bobby” Foster Sr. The younger Foster marks the third generation to run the family business, which was founded in 1921.

A James Madison University alumnus, Foster held the titles of CEO and president until January 2024, when the company named a new president, Will Rohrig, who has been with Foster Fuels since 2009. The change allows Foster to concentrate more on his family’s land conservation efforts and The Foster Foundation, which supports disadvantaged children, scholarship funds and local charities.

Foster, who also serves on the Bank of the James Financial Group’s board, has placed more than 2,000 acres of land under conservation easements.

With 250 employees, Foster Fuels holds the prime contract for emergency fuel delivery with the federal government, receiving in 2024 a contract from the Department of Defense, in partnership with FEMA and DLA Energy, worth up to $442 million over five years. Through its Mission Critical division, the company has responded to multiple relief efforts, including Hurricane Katrina, the Haiti earthquake, Texas ice storms and Hurricane Ian.

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Retail | Wholesale | Food | Beverage 2025: ARTHUR ‘BO’ FISHER III

Fisher Auto Parts, one of the nation’s largest automotive-parts retailers with about 500 locations, is a family affair. Blair Coiner, Bo Fisher’s grandfather, founded the company in 1929 as a small auto-parts sales concern, and it grew under the leadership of Fisher’s father, Art, who died in 2004.

A James Madison University graduate, the younger Fisher joined the company in 1992 and was serving as president at the time of his father’s death. He was unanimously elected CEO and chairman of the board, and has led the company, which changed its name to Fisher Auto Parts in 1983, to tenfold, debt-free growth in the past two decades. In July, Fisher Auto Parts announced it had acquired Genden Auto Parts, another family business with more than 70 years of service.

Fisher also serves as chairman of Federated Auto Parts, which Art Fisher founded. In that role, he created the Art Fisher Memorial Scholarship program for students in the automotive aftermarket industry and the Art Fisher Memorial Award, which annually honors a member of Federated Auto Parts who has contributed to its success.

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Retail | Wholesale | Food | Beverage 2025: MICHAEL DAVIS

In January 2024, Davis assumed the role of CEO at Cort Business Services, a Berkshire Hathaway-owned company that includes Cort Furniture Rental, Cort Trade Show and Events, and other businesses. Cort has more than 100 offices, rental showrooms and furniture outlets nationally and provides furniture rentals in more than 80 countries.

A member of the Move for Hunger board, Davis has been with Cort since 1997, when he started as a distribution manager at Cort Furniture Rental. He then worked in a number of roles, including executive director and group vice president of Cort Trade Show & Event Furnishings, and group vice president of ABC Special Event Rentals & AA Party Rentals by Cort. He previously was the company’s executive vice president, chief operating officer and president. Before his tenure at Cort, he worked at Viking Freight, ABF Freight and 3 Day Blinds.

On Dec. 31, 2024, Dwellworks acquired Cort’s Destination Services business and additionally received access to Cort’s rental property search aggregator and network of licensed real estate agents.

In February, Cort won the Corporate Housing Providers Association’s Tower of Excellence Award for Associate Partner of the Year.

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Retail | Wholesale | Food | Beverage 2025: REID A. BROWN

Brown is among the fourth generation to run Brown Distributing, a company that began in 1919 as a bottling operation for cherry cola and has grown into a major beverage-distribution business. He joined the family business in 2006. His brother, Jason Brown, came on board in 1999 and serves as vice president.

Brown Distributing serves more than 2,000 retailers throughout Virginia, delivering more than 5 million cases of domestic and craft beers, ciders, seltzers and nonalcoholic beverages annually, with its primary suppliers being AB InBev, Heineken USA and national and regional breweries. It has more than 200 employees.

The company acquired craft beer distribution companies in Virginia and Florida in 2009. While it sold off the South Florida business, it retained a 120,000-square-foot warehousing facility in West Palm Beach. In October 2023, Brown Distributing sold that facility for $31 million to Boise Cascade, a lumber supplier, in an all-cash deal.

Brown has been an active player on the beer and brewery scene, helping create the Richmond Beer Elite group, which provides an online forum for the local beer community, including competitive distributors and breweries.

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Retail | Wholesale | Food | Beverage 2025: ELIZABETH ‘LIZA’ MYERS BORCHES

Founded in 1924 by Borches’ great-grandfather, Carter Myers Automotive is one of Virginia’s largest car sales groups, with 24 dealerships selling 18 brands. It ranks 80th on Automotive News’ Top 150 Dealership Groups list, up seven spots from the previous ranking. Borches became CEO in 2012.

CMA employs more than 1,000 people in Virginia, all of whom are part owners; Carter Myers is one of the only dealer groups in the nation that shares equity with its employees.

Carter Myers Automotive is part of Driving Lives Forward, a partner- ship initiative between the United Way of Greater Charlottesville and CMA to assist economically challenged families with purchasing reliable vehicles and providing vehicles and repairs for single mothers.

Borches is a co-founding member of Women United in Philanthropy and serves on the life board of the United Way of Greater Charlottesville as well as the board for Boys and Girls Clubs of Central Virginia. She also sits on the board of Plug In America, an electric vehicle advocacy organization. She lives in Charlottesville with her husband, Pete, and their two teenage children.

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