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.
. . . . .
For news analyses and all market intelligence to help you grow your customers' business, sign up for ID Report by visiting:
http://www.idmagonline.com/idmagazine/mgmt_report_signup.jsp

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Operations

Hitting resistance elsewhere, ghost kitchens and virtual concepts find a happy home in family dining

Reality Check: Old-guard chains are finding the alternative operations to be persistently effective side hustles.

Financing

The Tijuana Flats bankruptcy highlights the dangers of menu miscues

The Bottom Line: The fast-casual chain’s problems following new menu debuts in 2021 and 2022 show that adding new items isn’t always the right idea.

Financing

For Papa Johns, the CEO departure came at the wrong time

The Bottom Line: The pizza chain worked to convince franchisees to buy into a massive marketing shift. And then the brand’s CEO left.

Trending

More from our partners