PepsiCo creates new executive position
March 12, 2012
PURCHASE, N.Y. — PepsiCo, Inc. has announced a new global structure that includes the creation of a new executive position — president of PepsiCo.
John Compton has been named to the new position. He is currently chief executive officer of PepsiCo Americas Foods. Brian Cornell has been named the new chief executive officer of PepsiCo Americas Foods. Mr. Cornell most recently was president and chief executive officer of Sam’s Club.
“Today marks an important and essential step in PepsiCo’s journey to continue to deliver sustainable growth,” said Indra K. Nooyi, chairman and chief executive officer of PepsiCo. “John and Brian are superb executives and will both contribute enormously in their new roles to ensure we compete effectively and efficiently in the global marketplace.”
Mr. Cornell will be responsible for Frito-Lay North America, Quaker Foods and Snacks North America, PepsiCo Mexico, South America Foods, PepsiCo customer teams and Power of One activities. He has more than 30 years of experience in consumer products marketing and general management, including executive positions at Sam’s Club and Michaels and a previous tenure at PepsiCo.
Mr. Compton will be responsible for all of PepsiCo’s existing global category groups, global operations, global marketing services and corporate strategy. He has been with PepsiCo for 28 years.