PepsiCo announces leadership appointments

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PepsiCo announces leadership appointments

12/26/2018
Several changes are occurring within PepsiCo’s leadership divisions.

The Purchase, N.Y.-based company announced that its current chief executive officer, Albert P. Carey, would be retiring at the end of March 2019.

"Al has been an invaluable leader, colleague, advisor and friend, and will be missed by all of us at PepsiCo and all of the customers and partners he worked with over his exemplary career," Ramon Laguarta, PepsiCo's chief executive officer said. "Al's unique combination of style, skill, entrepreneurial spirit and executional excellence, has helped make PepsiCo one of the most admired businesses in the world, and raised the bar for our current and future associates. We wish him all the best in his next chapter. While Al leaves big shoes to fill, I have every confidence in our North America businesses under the skilled leadership of Vivek and Kirk in these critical roles."

In addition, Vivek Sankaran, the current president and chief operating officer of Frito-Lay North America will be taking over as the divisions CEO, and Kirk Tanner who serves as the president and chief operating officer of North America Beverages will take over as its CEO.

"PepsiCo has been like family to me for almost 38 years, and to say this was a difficult decision for me is an understatement," Al Carey, chief executive officer of PepsiCo North America, said. "I am so proud of the many accomplishments we achieved as a team along the way, especially with our customers and our front-line associates. PepsiCo has a bright future and I'm excited about the compelling growth agenda Ramon is bringing. I look forward to watching PepsiCo's continued success for many years to come."

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