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US: PepsiCo forms 'council' to combine food and drinks units

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PepsiCo has announced the formation of a 'council' to bring together its food and beverage units in the US.

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Power of One - Americas Council, has been formed to take advantage of the combined scale of PepsiCo's food and beverage businesses, the firm said today (21 September). In addition, PepsiCo has created a Global Snacks Group in a bid to improve the way it develops new products around the world.

PepsiCo Americas Foods' CEO, John Compton, will lead both initiatives and will retain responsibility for the company's US$22bn snack and food business in the Americas.

The Americas Council will include PepsiCo Americas Beverages' CEO, Al Carey, as well as: Global Beverages Group president, Massimo d'Amore; Latin America Beverages president, Luis Montoya; and Frito-Lay North America president, Tom Greco. There will be seven members on the board.

PepsiCo's chairman and CEO, Indra Nooyi, said: "Snack and beverage occasions are typically planned together, and the products are both purchased and consumed together. Our new Power of One - Americas Council will help us to better coordinate our manufacturing, sales and distribution activities and align our retail and consumer brand promotions across our portfolio, which will result in greater operating efficiency, speed to market and value."

Separately, PepsiCo reaffirmed its target of high-single-digit EPS growth for fiscal 2011. Last week, PepsiCo announced several executive changes, including the appointment of a CEO of PepsiCo Americas Beverages.


Sectors: Soft drinks, Water

Companies: PepsiCo

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