PepsiCo will have a new board member from next month

PepsiCo will have a new board member from next month

PepsiCo is adding a fourteenth member to its board of directors, the company announced today (7 February). 

Rona Fairhead, the former chairman & CEO of Pearson subsidiary the Financial Times Group, will join the soft drinks and snacks group’s board on March 13. Fairhead, 52, joined Pearson in 2002 as CFO. 

Prior to that she held a variety of senior roles at Bombardier Inc’s Aerospace division, and at Imperial Chemical Industries, a specialty chemicals company. 

Indra Nooyi, PepsiCo’s chairman & CEO, said: “She (Fairhead) will be a valuable addition to the PepsiCo board as we continue to execute our strategy for delivering sustainable long-term growth.” 

In its last set of financial results, the company reported a 10% rise in nine-month net profits off the back of a 2% lift in sales