PURCHASE, N.Y., July 7, 2020 /PRNewswire/ -- PepsiCo, Inc.
(NASDAQ: PEP) today announced its Board of Directors has
elected Segun Agbaje as an
independent member of the Board. Mr. Agbaje, 56, will join the
Board and the Audit Committee effective July
15, 2020. He currently serves as Managing Director and Chief
Executive Officer of Guaranty Trust Bank plc, a Nigerian
multinational financial institution.
"I am delighted to welcome Segun to the PepsiCo Board," said
PepsiCo Chairman and CEO, Ramon
Laguarta. "Segun is a well-respected and proven business
leader with a deep understanding of complex businesses and
fast-growing markets, particularly Sub-Saharan Africa where we
recently acquired Pioneer Foods as part of our strategy to expand
in the region. His experience in business transformation and
passion for delivering consumer value will serve PepsiCo well as we
continue our journey to be the global leader in convenient foods
and beverages by winning with purpose."
Prior to becoming Managing Director and Chief Executive Officer
of Guaranty Trust Bank plc in 2011, Agbaje held several positions
at the bank after joining in 1991, including Executive Director and
most recently Deputy Managing Director from 2002 to 2011.
Previously, Agbaje served as an auditor for Ernst & Young LLP
in the United States from 1988 to
1990.
"We look forward to Segun joining the PepsiCo Board and to the
valued global perspective he will add to our team,"
said Daniel Vasella, chair of the Board's Nominating and
Corporate Governance Committee. "His knowledge and experience
of embracing and scaling new technologies and critical capabilities
will be valuable as we continue to invest in opportunities that
create shareholder value and deliver long-term sustainable
growth."
Agbaje also currently serves as a director of MasterCard
Advisory Board Middle East and Africa. He holds a Bachelor of Science in
Accounting and a Masters in Business Administration from the
University of San Francisco.
About PepsiCo
PepsiCo products are enjoyed by
consumers more than one billion times a day in more than 200
countries and territories around the world. PepsiCo generated more
than $67 billion in net revenue in 2019, driven by a
complementary food and beverage portfolio that includes Frito-Lay,
Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo's product
portfolio includes a wide range of enjoyable foods and beverages,
including 23 brands that generate more than $1
billion each in estimated annual retail sales.
Guiding PepsiCo is our vision to Be the Global Leader in
Convenient Foods and Beverages by Winning with Purpose. "Winning
with Purpose" reflects our ambition to win sustainably in the
marketplace and embed purpose into all aspects of the
business. For more information,
visit www.pepsico.com.
Cautionary Statement
Statements in this release that
are "forward-looking statements" are based on currently available
information, operating plans and projections about future events
and trends. Forward-looking statements inherently involve risks and
uncertainties. For information on certain factors that could cause
actual events or results to differ materially from our
expectations, please see PepsiCo's filings with the Securities and
Exchange Commission, including its most recent annual report on
Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors
are cautioned not to place undue reliance on any such
forward-looking statements, which speak only as of the date they
are made. PepsiCo undertakes no obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Contact: Carrie.Ratner@PepsiCo.com
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SOURCE PepsiCo