US: Arle Capital chair Buckley to join PepsiCo board
- Buckley to join PepsiCo audit committee
The chairman of private-equity firm Arle Capital Sir George Buckley is to join PepsiCo's board of directors.
Buckley will become PepsiCo director and join its audit committee in September. The 65-year-old was named chairman of UK-based Arle Capital earlier this year. His career includes stints as chief executive of US conglomerate 3M Company and boat manufacturer Brunswick Corp. He is also on the board of Archer Daniels Midland.
"George has years of proven results in business and financial leadership, innovation, and management," PepsiCo Chairman and CEO Indra Nooyi said.
PepsiCo Announces Election of Sir George Buckley to its Board of Directors
PURCHASE, N.Y., July 19, 2012 /PRNewswire/ -- PepsiCo, Inc. (NYSE: PEP) today announced the election of Sir George Buckley to its Board of Directors. Buckley will join the Board and the Audit Committee effective September 19, 2012.
Buckley, 65, assumed the role of Chairman of Arle Capital LLP, a private equity firm, earlier this year. From 2005 to 2012, he served as Chairman, President and Chief Executive Officer of 3M Company, and from 1997 to 2005 as Chairman and Chief Executive Officer of Brunswick Corporation, a multi-billion dollar boat and recreational product manufacturer.
He is a member of the boards of Stanley Black & Decker, Inc., Archer-Daniels Midland Company and Hitachi Ltd.
"George has years of proven results in business and financial leadership, innovation, and management," said PepsiCo Chairman and CEO Indra Nooyi. "We are delighted that he will bring that strong record of achievement to PepsiCo."
Buckley received a Ph.D. in engineering through joint studies at the University of Southampton and the University of Huddersfield in the UK. He also holds a Bachelor of Science in electrical and electronic engineering and an honorary Doctor of Science degree in engineering from the University of Huddersfield. He was knighted in 2011 for his services to industry.
The election of Buckley to PepsiCo's Board will bring the total number of directors to 13, and the total number of independent outside directors to 12. PepsiCo's Board includes one inside director, Ms. Nooyi.
Original source: PepsiCo
Suppliers and retailers have a mass of data on consumer behaviour but Shopper iQ believes it provides vital information its rivals do not. Roger Jackson, the service's founder, argues there is a lack ...
PepsiCo has benefited from its strong presence in sweet and savoury snacks, which continue to make up the majority of its sales in packaged food. It did however reduce its reliance on this category wi...
Commodity trader Glencore has said it wants to be a "true leader" in global grain trading after completing its acquisition of Viterra in a deal worth US$6bn....
PepsiCo has expanded its Tostitos snack brand in the US with the launch of a range of cantina chips and salsas this month....
- On the move: What's in store from Tesco's new CEO?
- The just-food interview: Premier Foods CEO Darby
- On the money: Can Premier build H2 sales momentum?
- Comment: Danone could be mulling strategy shift
- Focus: Lindt plays safe with Russell Stover buy
- UPDATE: Premier establishes international unit
- Campbell issues warning on 2014/15 fiscal year
- S&A Foods announces restructure, 55 jobs to go
- Premier launches Oxo pots range in UK
- Universal Robina to buy biscuit firm Griffin's