George Holm

Chairman & Chief Executive Officer, Performance Food

Search every verified George Holm interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. George Holm, Chairman and CEO of Performance Food Group, discussed the company's initial public offering on CNBC on September 17, 2016. He stated that the decision to proceed with the IPO occurred during a period of market volatility, noting that the company's investors were not selling their shares and that the offering consisted entirely of primary shares. The stock priced at $19 per share, below the expected range of $22 to $25. Holm said the company was using the proceeds to pay down debt and that its investors were "feeling good." Holm addressed the blocked merger between Sysco and US Foods, calling it "disappointing" and noting that Performance Food Group would have been a beneficiary of divestitures from that deal. He said the company planned to continue making acquisitions, having completed 13 since its own acquisition of PFG, and that it would pursue "a lot more smaller deals." Regarding the exit timeline for the company's private equity owners, Holm said they would likely conduct a secondary offering after the lockup period and exit within a year to 18 months. On industry conditions, Holm described a period of food price deflation and said that improving employment and the growth of two-income families were positive factors for the foodservice industry.