PepsiCo shakes up senior beverage, foods management

by Staff
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PURCHASE, N.Y. — PepsiCo announced today the promotion of two of its senior executives to lead its North American beverage and food operations, effective immediately and reporting directly to Chairman and Chief Executive Officer Steve Reinemund.

Dawn Hudson, 47, president and c.e.o. of Pepsi-Cola North America, based in Purchase, will continue to oversee the development, marketing and selling of all beverages distributed through Pepsi's bottler network. She will lead Pepsi-Cola's performance across all channels in the U.S. and Canada and also will assume total responsibility for aligning all of PepsiCo's bottler partnerships to drive even greater growth. Ms. Hudson joined PepsiCo in 1997.

John C. Compton, 43, has been named president and c.e.o. of QTG, consisting of the Quaker Foods and Tropicana/Gatorade divisions in the U.S. and Canada, and based in Chicago. Mr. Compton, a 22-year PepsiCo executive, was previously vice chairman of Frito-Lay North America and president of Salty Snacks.

Mr. Compton's former accountabilities at Frito-Lay will be assumed directly by Irene Rosenfeld, chairman and c.e.o. of the division.

"The new assignments for these highly talented, versatile executives reflect both their outstanding skills and achievements and our commitment to make PepsiCo the world leader in convenient foods and beverages," Mr. Reinemund said.

He said the company also has formed a new corporate oversight council to maintain focus on the company's liquid refreshment beverage strategy. The council comprises Mr. Reinemund and President and Chief Financial Officer Indra K. Nooyi.

In collaboration with Ms. Hudson and Mr. Compton, the council will make decisions regarding strategic direction and resource and asset allocation in the critical areas of research and development, capital investment and competitive response, Mr. Reinemund said.

PepsiCo also announced that Gary M. Rodkin, 52, has decided to leave the company to pursue new career opportunities. He had served as chairman and c.e.o. of PepsiCo Beverages and Foods North America since 2002.

That division was formed after PepsiCo's merger with The Quaker Oats Company by combining all the North American beverage businesses with the Quaker foods business. Mr. Rodkin joined PepsiCo when the company acquired Tropicana in 1998, heading the juice unit and then running Pepsi-Cola North America before moving to his current position.

"I want to personally thank Gary for his leadership and contributions, which include not only consistently strong business results, but the tremendous role he has played in driving new capabilities across our beverage and food businesses," Mr. Reinemund said.

Mr. Rodkin will remain with PepsiCo through June to ensure a smooth transition.

Ms. Nooyi, along with Michael D. White, chairman and c.e.o. of PepsiCo International, Ms. Rosenfeld, Ms. Hudson and Mr. Compton now serve as PepsiCo's five business heads, reporting to Mr. Reinemund.

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