PepsiCo North America CEO Albert Carey to Retire -- Update
December 21 2018 - 1:41PM
Dow Jones News
(Adds details)
By Colin Kellaher
PepsiCo Inc. on Friday said Albert Carey, chief executive of
PepsiCo North America, will retire at the end of March after nearly
40 years with the beverages and snacks giant.
Mr. Carey, who assumed his current post in March 2016, oversees
the Purchase, N.Y., company's PepsiCo North America Beverages,
Frito-Lay North America and Quaker Foods North America divisions,
which together accounted for about 62% of revenue and 75% of
operating profit for the first nine months of PepsiCo's current
fiscal year.
PepsiCo is dividing Mr. Carey's duties among the current leaders
of its North American divisions.
PepsiCo said Vivek Sankaran, who currently serves as president
and chief operating officer of Frito-Lay North America, and Kirk
Tanner, who suceeded Mr. Carey as president and chief operating
officer of PepsiCo North America Beverages in March 2016, will
become CEOs of their respective units.
PepsiCo said Mr. Carey will transition from his current post
effective Jan. 1.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
December 21, 2018 13:26 ET (18:26 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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