PURCHASE, N.Y. — PepsiCo, Inc. has unveiled a number of leadership appointments designed to support the company’s global business priorities and growth strategies.
|Hugh Johnston, executive vice-president, chief financial officer and vice-chairman|
Hugh Johnston, executive vice-president and chief financial officer, has been named vice-chairman. Mr. Johnston will continue to serve as c.f.o., a position he has held since 2010, as well as oversee the Quaker Foods North America business and PepsiCo’s global e-commerce organization. He also will add responsibility for the company’s global business and information solutions function, which provides information technology systems and solutions across PepsiCo.
The move follows the company’s appointment of Mehmood Khan, executive vice-president and chief scientific officer, to vice-chairman earlier this year. In his role, Mr. Khan is focused on leading PepsiCo’s global sustainability agenda and identifying new ways to embed sustainable business practices across all facets of the company's business. He continues to lead PepsiCo’s global research and development organization.
Other executive changes included:
• Eugene Willemsen, currently president, PepsiCo Lipton, has been named executive vice-president, global categories and franchise management. He will be responsible for overseeing the company’s global beverages, global snacks and global nutrition groups, as well as its global franchise organization. He also will continue to oversee PepsiCo’s Lipton relationship.
|Eugene Willemsen, executive vice-president, global categories and franchise management|
• Brian Newman, currently senior vice-president and general manager, global e-commerce, has been named executive vice-president, global operations. He will be responsible for global operations and supply chain, global procurement, productivity, global security, risk management and corporate strategy.
• Laxman Narasimhan, currently chief executive officer, Latin America Foods, has been named c.e.o., Latin America. He now will lead an integrated food and beverage business across the region, creating new opportunities to leverage the scale of PepsiCo's complementary brand portfolio and enable greater synergies.
PepsiCo said that Mr. Narasimhan’s appointment accompanies a realignment of certain reportable segments of the company’s business that will begin in the third quarter of 2015. The company’s food and beverage businesses in Latin America will be combined and reported as Latin America, creating a Latin America segment consistent with PepsiCo’s other international segments, which are managed as integrated food and beverage businesses.
PepsiCo Americas Beverages will be renamed as North America Beverages, led by Al Carey as c.e.o.
PepsiCo’s Sub-Saharan Africa business, which is currently part of the Asia, Middle East and Africa division, will move to the Europe segment, which is renamed Europe Sub-Saharan Africa (ESSA). As a result, the Asia, Middle East and Africa segment (AMEA) will be renamed as Asia, Middle East and North Africa (AMENA). Ramon Laguarta will continue as c.e.o. of ESSA, while Sanjeev Chadha will continue as c.e.o. of AMENA.“Our consistent focus on talent development has built a best-in-class leadership pipeline that is fueling our success and positioning PepsiCo well for sustainable long-term growth,” said Indra Nooyi, chairman and c.e.o. of PepsiCo. “Today’s appointments enable us to continue to elevate our next generation of talent to increasing levels of responsibility. This is essential to ensure our ability to better navigate complex operating conditions around the world and meet the changing needs of our business in the future.”