PepsiCo’s (PEP) Richard Goodman To Step Down From CFO Position At The End Of This Month
March 16, 2010 9:05 AM
The Wall Street Journal reports that PepsiCo, Inc.’s (NYSE: PEP) CFO, Richard Goodman, will step down from his position at the end of this month. Goodman, 62, will continue to remain with the company as executive vice president for business information systems, global procurement, global operations and post-merger integration.
Goodman will be succeeded by Hugh Johnston, who has been with company for 20 years. Johnston will move in as CFO as the company begins integration of its two largest bottlers into its operations.
PepsiCo Chairman and CEO, Indra Nooyi, called Goodman, “a trusted adviser to me and the entire senior management team." Goodman has been the company’s CFO since 2006. He joined the company in 1992.
Johnston, 48, who takes over from Goodman, has held merger, finance and strategy positions during his tenure with PepsiCo.
