PepsiCo appoints foundation chief Darren Walker to board
PepsiCo CEO Indra Nooyi welcomed Walker to the board
PepsiCo has appointed one of Time magazine's top 100 most influential people to its board of directors.
Darren Walker, 56, is president of the US charity group the Ford Foundation. He previously served as VP of the Rockefeller Foundation where he oversaw numerous initiatives, including the effort to rebuild New Orleans following Hurricane Katrina.
Walker was elected yesterday and will become an independent member of the PepsiCo board from 21 September, PepsiCo said.
Walker also chairs the United States National Advisory Board on Impact Investing and is a board member of Carnegie Hall, the New York City Ballet, Friends of the High Line and the Arcus Foundation. He is a member of the Council on Foreign Relations and the American Academy of Arts and Sciences, and was named one of the 100 most influential people in the world by Time magazine this year.
"Darren's unique understanding of business and social issues has made him a respected leader across sectors for more than two decades," said PepsiCo CEO Indra Nooyi. "His insight into the role of business in society will be particularly valuable as we continue to drive our 'Performance with Purpose' agenda and pursue strategies to drive sustainable long-term growth."
According to a Financial Times article in April, Walker, who was raised in a low-income single-parent family in Texas, was assisted as a child by the Ford Foundation he now leads. He went on to work as a lawyer for Cleary Gottlieb Steen & Hamilton and UBS.
Walker's appointment is not the first boardroom news for PepsiCo this year, In April, CFO Hugh Johnston was handed a directorship with Twitter despite having sent no Tweets from his Twitter account. As of today, he has sent 31. The latest is a retweet of a picture of US swimmer Michael Phelps made out of Cheetos.
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