US Foods will open a new Chef’Store in Spartanburg, S.C..

US Foods plans Spartanburg, S.C. Chef’Store opening

US Foods will open a new Chef’Store in Spartanburg, South Carolina. The new outlet for US Foods cash-and-carry chain becomes the fourth store in the state. Three existing South Carolina stores are located in Charleston, Myrtle Beach and Columbia.

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US Foods announced that Pietro Satriano has stepped down as CEO as per a cooperation agreement with Sachem Head Capital Management

Sachem Head cooperation agreement with US Foods boots CEO Pietro Satriano

Activist investment firm strikes deal to install three directors, remove CEO Pietro Satriano

US Foods announced that Pietro Satriano has stepped down as CEO upon the request of the Board of Directors, as per a cooperation agreement with Sachem Head Capital Management. Satriano will not be standing for re-election to the board, either, and is leaving the company. This is the latest chapter in the months-long proxy fight between US Foods and Sachem Head, its largest investor, which took an activist position. At one time, Sachem Capital had attempted to install its own CEO.

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The National Restaurant Association’s Restaurant, Hotel-Motel Show 2022 will take place May 21-24, 2022 at McCormick Place in Chicago

2022 National Restaurant Show in Chicago adds 500 new exhibitors

Winsight readies show, taking place May 21-24 at its home in McCormick Place

The National Restaurant Association’s Restaurant, Hotel-Motel Show 2022 will take place May 21-24, 2022 at McCormick Place in Chicago. The show host, Winsight Exhibitions, is readying a national foodservice event with more than 500 new exhibitors creating a total of 1,000 exhibitors.

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Performance Food Group (PFG) promoted Craig Hoskins to president and chief operating officer

PFG promotes Craig Hoskins to president, chief operating officer

Patrick Hagerty promoted to PFG EVP, chief commercial officer

Performance Food Group (PFG) promoted Craig Hoskins to president and chief operating officer, charged with PFG’s Foodservice and Vistar operations. PFG also promoted Patrick Hagerty to the role of EVP and chief commercial officer. The expansion of their roles is part of a realignment of the company’s reporting structure. It will now better match PFG’s strategy for growth across business units, the broadline distributor announced.

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Performance Food Group (PFG) agreed to acquire Core-Mark, one of the top distributors in the convenience-store channel, with revenues of $17B

PFG agrees to acquire Core-Mark in $2.5B cash-and-stock deal to expand in c-store channel

Mammoth transaction adds 7,500 employees, 32 distributions centers, premium fresh-prepared foods

Performance Food Group (PFG) agreed to acquire Core-Mark, one of the top distributors in the convenience-store channel, with revenues of $17B and $211M in adjusted EBITDA. The transaction, valued at $2.5B, will be funded through cash and stock: PFG will offer $23.75 in cash and 0.44 PFG shares for each share of CORE to Core-Mark existing shareholders.

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Foodservice distributors have turned some of their attention to the cash-and-carry model in the past few years, identifying their value to small, independent restaurant operators

Is Walmart a foodservice distributor threat? Report affirms possibility of incursion

Pentallect suggests Walmart may be more immediate threat than Amazon

Foodservice distributors have turned some of their attention to the cash-and-carry model in the past few years, identifying their value to small, independent restaurant operators. As an example, US Foods acquired Smart Foodservice Warehouse Stores last April and is now rebranding these stores under its Chef’Store label. There’s a lot to be said about the appeal of retail-type outlets that cater to foodservice operators and provide the flexibility that they may want during on-and-off-again local and state restrictions.

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US Foods hired Bill Hancock as the new EVP and chief supply chain officer. Hancock will be responsible for warehousing, supply chain strategy

US Foods names Bill Hancock chief supply chain officer, EVP

Hancock will report directly to US Foods CEO

US Foods hired Bill Hancock as the new EVP and chief supply chain officer. Hancock will be responsible for warehousing, transportation, and supply chain strategy and operations effective November 9, announced the company. He will also head up safety, labor relations and continuous improvement initiatives in the warehouses.

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