PepsiCo Appoints Brian Cornell CEO, PepsiCo Americas Foods

PepsiCo, Inc.

today announced a new global structure and strengthened management team -- important steps in PepsiCo's move to become a fully integrated, global food and beverage company. In the new structure, while the regions retain ownership of the P&L, PepsiCo's global groups will work across the regions to fully leverage the power and scale of the company. Consistent with this shift, PepsiCo announced the following leadership changes, effective immediately: Former PepsiCo executive Brian Cornell has rejoined the company as CEO, PepsiCo Americas Foods. Cornell most recently was President and CEO, Sam's Club, a division of Wal-Mart Stores, Inc. Current PepsiCo Americas Foods CEO John Compton has been named to a new position – President, PepsiCo. "Today marks an important and essential step in PepsiCo's journey to continue to deliver sustainable growth," said PepsiCo Chairman and CEO Indra K. Nooyi. "John and Brian are superb executives and will both contribute enormously in their new roles to ensure that we compete effectively and efficiently in the global marketplace."