PURCHASE, N.Y., Nov. 6, 2023
/PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) today
announced that Vice Chairman and Chief Financial Officer,
Hugh Johnston, will be leaving the
company on November 30. James (Jamie)
Caulfield is appointed Executive Vice President, Chief
Financial Officer PepsiCo.
Johnston retires from PepsiCo after 34 years of incredible and
stellar service to the company. He joined the company in 1987
and assumed the role of Chief Financial Officer in 2010. Over
the years, Johnston's portfolio has included a variety of
responsibilities, including President, Pepsi Cola North America,
leadership of PepsiCo's information technology function since 2015,
the company's global e-commerce business from 2015 to 2019 and the
Quaker Foods North America division from 2014 to 2016.
Johnston will join The Walt Disney Company as Chief Financial
Officer following his departure from PepsiCo on November
30.
As a result of this transition, Jamie
Caulfield will succeed Johnston as Executive Vice
President, Chief Financial Officer for PepsiCo. Caulfield is
currently Senior Vice President, Chief Financial Officer, PepsiCo
Foods North America. He has an exemplary track record within
PepsiCo, also spanning more than 30 years. During his PepsiCo
career, Caulfield held the key position of Senior Vice President,
Investor Relations from 2011 to 2019 and has held a succession of
roles in Finance across Frito-Lay, FP&A, Investor Relations,
Mergers & Acquisitions, Corporate Strategy and Development, and
North America Beverages, where he was CFO for Canada. In
2019, Caulfield took on his current role as Senior Vice President,
Chief Financial Officer, PepsiCo Foods North America and has been
instrumental in the stewardship of the growth and transformation of
the business.
Commenting on Jamie Caulfield's
appointment, Ramon Laguarta,
Chairman and Chief Executive Officer, said: "We are fortunate to
have someone of Jamie's caliber and experience already within
PepsiCo today and ready to take on the role. His experience
within the company is as deep as it is broad and he has touched all
aspects of our business in the last 30 years. The continuity
which Jamie will bring to the high-performing Finance function,
coupled with his relentless attention to detail and commitment to
PepsiCo, is evidence that we have the right person for the
job. I could not be more pleased to be announcing Jamie's
appointment today."
Speaking in relation to Hugh
Johnston, Laguarta continued: "Hugh's legacy will be with us
for decades to come. He has exemplified and epitomized the
leadership qualities which PepsiCo has nurtured for
generations. Under his financial leadership the company has
transformed significantly, and he has been a strong partner to me
for many years. I will miss his calm guidance as well as his
people-first and empathetic leadership qualities. Hugh goes
on to the next stage of his career with all our best wishes."
Hugh Johnston said: "PepsiCo has
been my home for 34 years. The partnerships and friendships I have
created over the years will be lifelong and it has been an
extraordinary honor to serve this company, and to work alongside
some outstanding leaders, including Ramon. I am grateful to
everyone who I have worked with and for the trust which has been
placed in me. PepsiCo will always be a very special
place."
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 $86 billion in net revenue in 2022, driven by a
complementary beverage and convenient foods portfolio that includes
Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew,
Quaker, and SodaStream. PepsiCo's product portfolio includes a wide
range of enjoyable foods and beverages, including many iconic
brands that generate more than $1 billion each in
estimated annual retail sales.
Guiding PepsiCo is our vision to Be the Global Leader in
Beverages and Convenient Foods by Winning with pep+ (PepsiCo
Positive). pep+ is our strategic end-to-end transformation that
puts sustainability and human capital at the center of how we will
create value and growth by operating within planetary boundaries
and inspiring positive change for planet and people. For more
information, visit www.pepsico.com, and follow
on Twitter, Instagram, Facebook,
and LinkedIn @PepsiCo.
For further information:
Chris Kuechenmeister
PepsiCo
Communications
chris.kuechenmeister@pepsico.com
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SOURCE PepsiCo, Inc.