US: Former PepsiCo executive rejoins as government head

By | 19 June 2012

  • Larry Thompson takes over from Maura Abeln Smith
  • Was senior VP of government affairs at PepsiCo from 2004 to 2011
  • Smith “chose to leave the company to pursue other opportunities”
  • Thompson will also oversee PepsiCo Foundation
Larry Thompson will also oversee Pepsis charity work

Larry Thompson will also oversee Pepsi's charity work

PepsiCo will appoint a former executive to oversee legal work and government dealings, the company said late yesterday (18 June). 

Larry Thompson will replace Maura Abeln Smith, who leaves after 30 years at PepsiCo as executive VP government affairs, general counsel and corporate secretary. Thompson returns to PepsiCo, having left last year to take a chair at Georgia School of Law.

Last month, PepsiCo appointed a new president of its global beverages group.

And last week, it created the post of chief design officer to oversee the company's global brands design strategy.

Show the press release

PepsiCo Names Larry Thompson Executive Vice President, Government Affairs, General Counsel and Corporate Secretary

PURCHASE, N.Y., June 18, 2012

PepsiCo, Inc. (PEP) today announced that Larry Thompson has rejoined the company as Executive Vice President, Government Affairs, General Counsel and Corporate Secretary, effective July 30.  Thompson will succeed Maura Abeln Smith, who chose to leave the company to pursue other opportunities.

Thompson will be responsible for PepsiCo's worldwide legal function and government affairs and public policy organizations. He also will oversee the company's global compliance function and the PepsiCo Foundation, the company's philanthropic arm.

Thompson, who will report to PepsiCo Chairman and CEO Indra Nooyi, was PepsiCo's senior vice president of government affairs, general counsel and corporate secretary from 2004 to 2011. Prior to rejoining the company, he served as the John A. Sibley Chair in Corporate and Business Law at the University of Georgia School of Law.  Thompson also has been serving as a member of several prestigious corporate boards, and undertook other special projects.

"We are excited to welcome Larry back to PepsiCo," said Nooyi.  "Larry is a proven and seasoned leader with a strong track record of success at PepsiCo.  He has been a highly regarded and trusted advisor, and he has a deep knowledge of, and passion for our business. We will benefit greatly from Larry's leadership moving forward.

"Maura has a distinguished 30-year record of achievement and service on behalf of PepsiCo and other public companies.  During her tenure at PepsiCo, she worked tirelessly and made significant contributions.  We wish her the very best in her future endeavors." 

Smith said, "It was a privilege to be part of the PepsiCo senior leadership team, and I wish all of my colleagues great success in the future."

"I'm delighted to return to PepsiCo and to work again with Indra and the PepsiCo team," Thompson said.  "I'm committed to the long-term vision and success of PepsiCo, and I'm excited to get to work to help drive the execution of our strategy.  I'm especially looking forward to rejoining Kelly Tullier and the very talented global legal function, Dan Bryant and the global public policy and government affairs team, and Dave Yawman and the global compliance team."

Prior to joining PepsiCo, Thompson was a senior fellow with the Brookings Institution in Washington, D.C.  He also served in The U.S. Department of Justice as Deputy Attorney General and led the Department's National Security Coordination Council.  Thompson also was appointed by President George W. Bush to lead the Corporate Fraud Task Force.  Earlier in his career, Thompson was a partner in the Atlanta law firm of King & Spalding and also served as the U.S. Attorney for the Northern District of Georgia in Atlanta.

Original source: http://www.pepsico.com/PressRelease/PepsiCo-Names-Larry-Thompson-Executive-Vice-President-Government-Affairs-General06182012.html

Expert analysis

PepsiCo, Inc. - Strategy, SWOT and Corporate Finance Report

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Sectors: HR – personnel, Soft drinks, Water

Companies: PepsiCo

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