Sept 2 (Reuters) - Performance Food Group ( PFGC ) said

on Monday it stood by its current strategy as the food

distribution company acknowledged that it faced a potential

board challenge from activist investment firm Sachem Head

Capital Management.

The Richmond, Virginia-based company confirmed that Sachem

Head had communicated on August 21 that it would put forward

Scott Ferguson, who runs Sachem Head, as well as David A. Toy,

R. Chris Kreidler and Karen M. King as nominees for Performance

Food's ( PFGC ) board at the next shareholder meeting, which has yet to

be scheduled.

Sachem Head is pushing Performance Food ( PFGC ) to consider a merger

with US Foods Holding ( USFD ), or explore ways to improve its

profitability, per the statement on Monday, which confirmed

reports late last week about the hedge fund's intentions.

Performance Food ( PFGC ) said while it is open to measures which

would boost stockholder value, including evaluating transaction

proposals, it has not heard directly from US Foods ( USFD ) in several

months and has yet to receive any offer from US Foods ( USFD ) which

would benefit its shareholders.

Performance said it was continuing to implement its current

'PFG One' strategy, which aims to deliver consistent organic

sales growth and use technology to expand profit margins, a

focus that helped support its strong earnings performance in its

2025 fiscal year.

Performance currently has 12 board members.

Sachem Head has considerable experience in the food

industry, having run a board fight and ultimately settled for

seats at US Foods ( USFD ) in 2022, with Ferguson and Toy among those

given director seats.

Kreidler is a former chief financial officer of rival food

services firm Sysco ( SYY ), and King is a former McDonald's

executive who currently serves on the board of Aramark ( ARMK )

.