PepsiCo will begin trading via Nasdaq on 20 December

PepsiCo will begin trading via Nasdaq on 20 December

PepsiCo is to transfer its stock exchange listing from the New York Stock Exchange to the Nasdaq Global Select Market.

The soft drinks and snacks firm said late last week that the switch would take place on 19 December, after the market closes. PepsiCo shares are expected to start trading as a Nasdaq-listed security the following day. 

"We are pleased to join many of the world's most successful and innovative companies listed on Nasdaq," said Jamie Caulfield, SVP investor relations at PepsiCo. "We believe this move will provide us with greater cost-effectiveness and access to Nasdaq's... portfolio of tools and services to connect with our investors more efficiently."

The company will continue to use the symbol PEP. 

Last week, PepsiCo appointed Mike Spanos to the role of CEO for Asia, Middle East and North Africa (AMENA). Spanos, who is currently president of PepsiCo's Greater China region, will assume the position on 1 January. He replaces Sanjeev Chadha, who will become chairman of AMENA until his retirement in March. 

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