PepsiCo (NYSE: PEP) Chairman and Chief Executive Officer, Roger Enrico announced today his intent to transition from his position as CEO before the end of 2001 and retire as Chairman before the end of 2002. Mr. Enrico also announced that the PepsiCo Board of Directors intends to elect Steve Reinemund, currently PepsiCo President and Chief Operating Officer, to the offices of CEO and Chairman as he vacates both those posts.