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Next generation of talent takes on bigger roles at PepsiCo.

PURCHASE, N.Y. -- PepsiCo Inc. recently announced the departure of Tom Greco, chief executive officer of Frito-Lay North America (FLNA), and a series of senior executive changes that will expand the responsibilities of key leaders and support continued growth.

"Tom has been a strong and valued leader inside PepsiCo for more than three decades and has made lasting contributions to our business," remarked PepsiCo chairman and CEO Indra Nooyi. "He is leaving PepsiCo to pursue his long-standing career goal of being CEO of a company outside our industry. He leaves FLNA in great shape.

"PepsiCo's deep bench of world-class leaders and our topnotch talent development capabilities allow us to elevate our next generation of talent into bigger roles."

The company also announced the promotion of Al Carey, CEO of North America Beverages (NAB) to CEO of North America. In his new role, Carey will oversee NAB, FLNA and Quaker Foods North America (QFNA). Bringing the company's three North America businesses under a single leader will enable PepsiCo to further leverage its complementary brand portfolio across snacks, beverages and nutrition to unlock new growth opportunities. Carey will continue to report to Nooyi.

Kirk Tanner, chief operating officer of NAB and president of Global Foodservice, has been promoted to president and COO of NAB. A 24-year veteran of PepsiCo with strong leadership experience across snacks, beverages and food service, Tanner will now lead all aspects of PepsiCo's beverage business in North America, reporting to Carey.

And Vivek Sankaran, COO of FLNA, has been promoted to president and COO of FLNA. Since joining PepsiCo from McKinsey in 2009, Sankaran has held senior leadership positions. He will now lead all aspects of PepsiCo's Frito-Lay snacks business in North America, reporting to Carey.

"Al, Kirk and Vivek are three seasoned and successful leaders who are ready to take on increased responsibility," Nooyi said. "They have each played an important part in our recent success and bring unique strengths to their new roles. I have every confidence that they will build on our progress and continue to propel our business forward." There will be no change to the company's external financial reporting structure. PepsiCo will continue to report segments as FLNA; Latin America; QFNA; NAB; Europe Sub-Saharan Africa (ESSA); and Asia, Middle East and North Africa (AMENA), consistent with current practice.

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Title Annotation:Supplier News
Comment:Next generation of talent takes on bigger roles at PepsiCo.(Supplier News)
Publication:Chain Drug Review
Geographic Code:100NA
Date:Apr 18, 2016
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