PepsiCo Unveils New Global Structure and Leadership to Drive Continued Growth
In its quest to become a fully integrated, global food and beverage company, PepsiCo has announced a new global structure and strengthened its management team. In the new structure, while the regions – PepsiCo Americas Beverages, PepsiCo Americas Foods, PepsiCo Middle East and Africa, and PepsiCo Europe – retain ownership of the P&L, PepsiCo’s global groups will work across the regions to fully leverage the power and scale of the company. Consistent with this shift, PepsiCo has made two leadership changes.
- Brian Cornell, chief executive of PepsiCo Americas Foods.
Former PepsiCo executive Brian Cornell has rejoined the company as chief executive of PepsiCo Americas Foods. He most recently was president and chief executive of Sam’s Club, a division of Wal-Mart Stores. Current PepsiCo Americas Foods chief executive John Compton has been promoted to the newly created position of president of PepsiCo.
As chief executive of PepsiCo Americas Foods, Brian Cornell will report to PepsiCo chairman and chief executive Indra Nooyi and be responsible for Frito-Lay North America, Quaker Foods & Snacks North America, PepsiCo Mexico, South America Foods, PepsiCo customer teams and all Power of One activities within the Americas.
- John Compton has been promoted to the newly created position of president of PepsiCo.
As president of PepsiCo, John Compton will continue to report to Indra Nooyi and assume responsibility for all of PepsiCo’s existing global category groups (Global Beverages, Global Snacks and Global Nutrition), Global Operations (IT, Global Procurement, Supply Chain and Productivity), Global Marketing Services and Corporate Strategy.
Working with the regional sectors, John Compton will be responsible for driving breakthrough innovation, and brand building while looking for ways to significantly reduce the overall cost structure of the company.
“This executive position will serve as a key driver for our long-term growth strategy,” says Indra Nooyi. “A 28-year PepsiCo veteran, John brings a unique insight to this critical role. I have absolute confidence in John’s ability to work productively with the sector CEOs to bring about a step-change for PepsiCo’s growth and profitability.”
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