PepsiCo announces appointment of SVP finance and treasurer

PURCHASE, N.Y. PepsiCo announced that Tessa Hilado has joined the company as SVP finance and treasurer, reporting to CFO Richard Goodman. She replaces retired PepsiCo SVP and treasurer Lionel L. Nowell.

In this role, Hilado will have global operating responsibility for the treasury organization, including capital markets, cash management, international treasury, pensions, risk management and insurance, as well as the tax organization.

Most recently, Hilado has been VP and treasurer at Schering-Plough since May 2008, where she was responsible for strategic oversight and direction of the global treasury function, including cash management, domestic and international funding, capital planning, bank relations, pension funding and investments and risk management.

Hilado will be based at the company's headquarters in Purchase, N.Y., and will begin her new position on July 8.