PURCHASE, N.Y., Nov. 12, 2021 /PRNewswire/ -- PepsiCo, Inc.
(NASDAQ: PEP) today announced two senior leadership
appointments as the company continues its efforts to be even
Faster, Stronger and Better. Jane
Wakely will join the company as Executive Vice
President, Chief Consumer and Marketing Officer and Chief Growth
Officer, International Foods. The company also appointed Ram
Krishnan, currently serving as Chief Commercial Officer, to the
newly created role of CEO, International Beverages and Chief
Commercial Officer. Both executives will report to PepsiCo Chairman
and CEO, Ramon Laguarta.
Wakely brings to the company an intense focus on consumers,
insights and building best-in-class brand and category growth
strategies. As Chief Consumer and Marketing Officer, she
will focus on driving accelerated growth by elevating PepsiCo's
consumer-centricity, innovation, brand and marketing capabilities.
As Chief Growth Officer, International Foods, Wakely will be
responsible for accelerating the Positive Choices pillar of pep+
(PepsiCo Positive), which includes evolving the company's portfolio
into new spaces that are better for the planet and people by
developing products with more diverse ingredients, such as
plant-based proteins, nuts and seeds, and whole grains.
"Jane is a creative and commercially-oriented marketer who is
passionate about purpose and innovation as critical growth levers,"
said PepsiCo Chairman and CEO, Ramon Laguarta. "She has a
proven track record of success, and I am confident that with her
leadership, we will take our consumer-centricity, innovation, brand
and marketing strategies and capabilities, and International Foods
growth to a new level."
Wakely joins PepsiCo with 28 years of marketing experience at
Procter & Gamble and at Mars, where since 2019 she served as
Lead CMO and CMO of Pet Nutrition, one of the largest divisions of
Mars' $40 billion portfolio. She was
previously Global CMO of their Chocolate Division. She has operated
globally and in highly complex product categories, brands and
businesses across a variety of growth, turnaround and
"PepsiCo is a marketing powerhouse known for its commitment to
innovation and world-class, consumer-focused brands," said Wakely.
"I look forward to working with my future colleagues to delight
consumers with new propositions and purpose-driven brands that
bring pep+ to life."
Krishnan, a 15-year PepsiCo veteran, will focus on driving
accelerated growth for the International Beverages business,
including the company's international franchise bottlers, with an
end-to-end focus on brand-building, innovation, supply chain,
digitalization, talent and sustainability. Krishnan will also be
charged with leading faster growth for the SodaStream and Beyond
the Bottle businesses, as well as the Pepsi Lipton partnership, the
company's joint venture with Unilever. This move, effective
January 1, 2022, will bring PepsiCo's
critical beverage expertise and commercial capabilities into one
group, with an eye toward optimizing the end-to-end operating
model, capital allocations and building new capabilities. Krishnan
will continue to oversee the company's e-Commerce business and
global commercial capabilities.
"Ram has been an incredibly effective leader for our commercial
agenda," said Laguarta. "With this newly created role, he will
bring focus and a proven formula for success to drive faster growth
for our International Beverages business."
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 $70 billion in net
revenue in 2020, driven by a complementary food and beverage
portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker,
Tropicana, and SodaStream. 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 our business
strategy and brands. For more information,
This release contains statements
that constitute "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are generally identified through the
inclusion of words such as "aim," "anticipate," "believe," "drive,"
"estimate," "expect," "goal," "intend," "may," "plan," "project,"
"strategy," "target" and "will" or similar statements or variations
of such terms and other similar expressions. Forward-looking
statements inherently involve risks and uncertainties that could
cause actual results to differ materially from those predicted in
such statements, including future demand for PepsiCo's products;
damage to PepsiCo's reputation or brand image; PepsiCo's ability to
compete effectively; political or social conditions in the markets
where PepsiCo's products are made, manufactured, distributed or
sold; PepsiCo's ability to grow its business in developing and
emerging markets; and changes in economic conditions in the
countries in which PepsiCo operates. For additional information on
these and other factors that could cause PepsiCo's actual results
to materially differ from those set forth herein, 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 statement, whether as a result of new
information, future events or otherwise.
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SOURCE PepsiCo, Inc.