PepsiCo added a new board member in September

PepsiCo added a new board member in September

PepsiCo's longest-serving board member, Sharon Rockefeller, will not stand for re-election, the company has said.

Rockefeller, who is married to the great-grandson of US oil tycoon John Rockefeller and also heads a public TV station in Washington DC, will stand down after her term expires at PepsiCo's AGM next year. PepsiCo, which added scientist David Page to its board in September, said it has no immediate plans to replace Rockefeller.

“With the company performing so well and being well-positioned for the future, it seems to me that this is an appropriate time to make this change so that I can focus on public television,” she said.

Rockefeller was elected to PepsiCo's board of directors in 1986 and sits on the compensation committee and nominating and corporate governance committee.

PepsiCo will hold its AGM in May.

Seperately, PepsiCo yesterday declared a quarterly dividend of US$0.655 per share of its common stock. The payment is due on 7 January, to shareholders of record as of 5 December.