PURCHASE, N.Y., Jan. 28, 2021 /PRNewswire/ -- PepsiCo, Inc.
(NASDAQ: PEP) ("PepsiCo") today announced that David Flavell has been appointed as EVP, General
Counsel and Corporate Secretary. Flavell, PepsiCo's current SVP,
Deputy General Counsel and Chief Compliance & Ethics Officer,
will succeed Dave Yawman, who
departs PepsiCo after more than twenty-two years of dedicated
service to pursue other interests. Flavell will begin his new role
on March 1, with Yawman staying on in
the interim to ensure a smooth and efficient transition.
"On behalf of everyone at PepsiCo, including our Board of
Directors, I want to sincerely thank Dave not only for his years of
judicious guidance that steered our company through many complex
issues, but also for his unwavering dedication to his colleagues
and to doing what is right," said PepsiCo Chairman and CEO,
Ramon Laguarta. "Dave will always be
an honored member of our PepsiCo family, and we know his steadfast
values, innate curiosity, and unassailable character will serve him
well wherever his journey takes him next."
Laguarta continued: "At the same time, we have no doubt that
David Flavell is the ideal person to
take over this important role. David is a highly respected leader
with a decade of experience at PepsiCo, including as General
Counsel for different businesses and geographies and the leader of
our Compliance and Ethics team. In each position, he has
demonstrated a firm commitment to upholding and modeling the values
we stand for as a company, and I look forward to working with him
even more closely in the years ahead to make PepsiCo a faster,
stronger, better company."
Flavell joined PepsiCo in 2011 and has served in various senior
legal roles including as General Counsel for Frito-Lay North America and the AMEA and
Latin America businesses. Through
these positions, Flavell gained valuable visibility into PepsiCo's
international and domestic businesses and diverse product
categories. As Chief Compliance and Ethics Officer, he has been
instrumental in maintaining and enhancing the company's global
Compliance and Ethics Program, ensuring the company acts with
integrity throughout its operations. Prior to joining PepsiCo he
was the General Counsel for Asia
Pacific and Middle East
with Danone, based in Shanghai,
China. Flavell spent the first 10 years of his career with
leading Australian law firm Corrs Chambers Westgarth where he was
ultimately a corporate and anti-trust partner.
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.
Media Contact:
Carrie.Ratner@PepsiCo.com
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SOURCE PepsiCo