Blog: Lessons from the past in PepsiCo heir-apparent talk
Andy Morton | 31 March 2016
The soft drinks world is abuzz today over what an executive shake-up at PepsiCo might mean to on-going speculation over CEO Indra Nooyi's successor. According to some, Al Carey's promotion from CEO of PepsiCo's North America Beverages division to overall North America head has made him favourite for the big chair.
It's a good time, then, to remember what happened to Nooyi's last supposed heir-apparent.
John Compton, a 30-year lifer with PepsiCo, was made president in March 2012 and was seen as Nooyi's natural successor. Less than eight months later, however, Compton had left to head up a truck stop operator in Tennessee in the one of the more blatant examples of “heir today, gone tomorrow” the category has seen.
Furthermore, Nooyi was under a lot of pressure at the time, as PepsiCo fell behind Coca-Cola in the US market. The company is still facing challenges, but appears far more robust today, with a share price 63% higher than when Compton became president.
Nooyi will celebrate a decade at PepsiCo's helm this October. She may not be ready to stand aside just yet.
Heineken is known for its flashy adverts. Now the brewer has given the star treatment to a new recruitment drive with a glamorous and highly-persuasive ad that, quite frankly, had the staff here at...
Move over iPhone 7 headphones-gate, there is a new Apple product causing a stir. Or a shake. Or just a shot....
It was a bruising first results announcement for management at the newly-formed Coca-Cola European Partners....
I was full of questions yesterday when reading our news story about Bacardi's Martini Smart Cube. An ice cube-shaped device that can provide real-time information about its consumer? How? What? Why? H...
News reaches us today of what has been heralded as the "world's most daring whisky challenge". The Ultimate Ardbeg ARDventurer has been launched this week with an inaugural three-day camping trip....
- Why sports drinks fail to ride the Olympic wave
- It isn't just men who like beer - Comment
- What do US wholesalers think of spirits trends?
- Experienced hands hold firm at CCEP - Analysis
- How the craft economy is loosening alcohol laws
- Diageo merges US, Canada spirits units
- Johnnie Walker's Bourbon bent "coincidental"
- "We're not complacent about Brexit" - Diageo
- Luxury and e-commerce a "natural fit" - Diageo
- Diageo's Johnnie Walker set for festive push in TR
- Global gin insights - market forecasts, product innovation and consumer trends
- The Next Seven Big Beverage Markets
- Global rum insights - market forecasts, product innovation and consumer trends
- Global RTD insights - market forecasts, product innovation and consumer trends
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends