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ID NEWS: Vistar appoints cfo with financial background

Vistar Corp., Denver, has appointed Tom McGonagle senior vice president and cfo. Prior to joining Vistar, McGonagle held a number of senior posts within the financial and investment banking industries and has been responsible for a broad range of private equity and corporate finance transactions, including public and private securities offerings, leveraged buyouts and large-scale capital investment initiatives.

"Vistar is thrilled to gain the skills, background and experiences that Tom brings to the table," comments George Holm, president and ceo of Vistar. "His expertise will prove invaluable as we position ourselves for growth in the fast-paced away-from-home foodservice segment."

The pizza, vending and systems distributor was formed in September 2002 through a buyout of the Multifoods Distribution Group from International Multifoods Corp. by Wellspring Capital Management LLC, a New York-based private equity investment firm. A member of Atlanta-based UniPro, Vistar rang up approximately $2.3 billion in foodservice sales last year.
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