Michael White, PepsiCo International c.e.o., to retire
September 21, 2009
by FoodBusinessNews.net Staff
PURCHASE, N.Y. — Michael D. White, vice-chairman and chief executive officer of PepsiCo International, will retire later this year after 20 years with the company. He is expected to continue leading the work of integrating the Pepsi Bottling Group and PepsiAmericas into PepsiCo over the coming months, and he will retain responsibility for the corporate functions of procurement and information technology, as well as for the global concentrate operations function.
The component businesses of PepsiCo International — PepsiCo Europe and PepsiCo Asia, Middle East, Africa — now will be managed by Zein Abdalla, who becomes chief executive officer of PepsiCo Europe, and Saad Abdul-Latif, who becomes chief executive officer of PepsiCo Asia, Middle East, Africa. Both will report to Indra Nooyi, PepsiCo chairman and chief executive officer.
"Close to a year ago, Mike shared with me his interest in eventually moving on to ‘the next chapter’ of his life," Ms. Nooyi said. "Since then we have been working together to ensure a smooth and orderly transition. Our current international structure reflects that planning, so we’re well prepared for this change."
During his 20 years with PepsiCo, Mr. White held many positions, including vice-president of planning for Frito-Lay North America, chief financial officer of Frito-Lay North America, executive vice-president and c.f.o. of Frito-Lay International, c.f.o. of Pepsi-Cola Co. worldwide and c.f.o. of PepsiCo. During that time he helped engineer numerous acquisitions, including the pending agreements to acquire the company’s two largest bottlers, the Pepsi Bottling Group and PepsiAmericas. He also played an active role in developing the company’s most promising leaders.