PURCHASE, N.Y., Jan. 18,
2024 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP)
today announced that Kirk Tanner,
CEO of the company's North America
beverage business will retire on February 2. Ram Krishnan is
appointed as the CEO for PepsiCo Beverages North America.
Tanner retires from PepsiCo after 32 years of service to the
company. He joined the company in 1992 and has held several
leadership roles across sales, operations, customer marketing,
distribution, and channel development working in many U.S. and
international locations. He assumed the role of CEO for PepsiCo
Beverages North America in 2019. Over the years, Tanner's
responsibilities included serving as President of PepsiCo Global
Foodservice, Senior Vice President and General Manager of
Frito-Lay's West Business Division; Vice President of Sales at
PepsiCo U.K. and Ireland; and
multiple Vice President roles of Frito-Lay
North America regions.
Tanner will join The Wendy's Company as Chief Executive Officer
following his departure from PepsiCo.
Ram Krishnan will succeed Tanner as Chief Executive
Officer for PepsiCo Beverages North America. Krishnan
currently serves as Chief Executive Officer of International
Beverages and Chief Commercial Officer for PepsiCo. In these roles
he oversaw the company's Global Concentrate group, Franchise
operations, Global Beverage group, SodaStream, Beyond the Bottle
and the Global Commercial organization, which includes, Customer
Strategy, Revenue Management, Go-to-Market, E-Commerce, Lipton,
Beyond Joint Ventures, and PepsiCo Venturing Group.
Since joining PepsiCo in 2006, Krishnan has held a number of
senior leadership roles, including CEO of PepsiCo's Asia
Pacific, Australia/New Zealand and China (APAC) Region, Senior Vice President and
General Manager of PepsiCo's global Walmart Customer Team, and
Chief Marketing Officer of Frito-Lay North
America. Prior to joining PepsiCo, Krishnan spent six years
at Cadillac.
Speaking on Ram Krishnan's appointment, Ramon Laguarta, PepsiCo Chairman and Chief
Executive Officer, said: "Ram is the ideal leader to take the helm
of our North America beverage
business and we are fortunate to be able to proudly appoint him
from within our organization. His vast experience leading
International Beverages and our global commercial agenda, paired
with his roots in North America
senior executive roles, make him a force to accelerate our beverage
growth agenda. He is an innovator at heart who keeps people at the
core of every decision, and I look forward to seeing his
inspirational leadership in action."
Laguarta continued: "Kirk's leadership across our organization,
and most recently as our North
America beverage business CEO, has driven strong performance
underpinned by a commitment to serving our customers, operational
excellence and a continuous innovation pipeline. I'm grateful for
his contributions to our business, and our people, and we will
carry forward the tenacity and team-first mentality he embedded in
the organization."
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.
Cautionary Statement
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; changes in the retail landscape or in sales to any key
customer; and disruption of PepsiCo's manufacturing operations or
supply chain, including continued increased commodity, packaging,
transportation, labor and other input costs. 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.
For further information:
Chris Kuechenmeister
PepsiCo Communications
chris.kuechenmeister@pepsico.com
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SOURCE PepsiCo, Inc.