US: PepsiCo names White as vice chairman
US food and drinks giant PepsiCo has named Michael D. White as vice-chairman of the corporation and appointed him to the board of directors, with immediate effect.
White, who has been with the group for 16 years and has been chairman and CEO of the PepsiCo International (PI) division since 2003, will continue his role leading all operations outside of North America.
"This well deserved and hard-earned move recognises the significant contributions that Mike has made to PepsiCo throughout his career, as most recently evidenced by the phenomenal growth he has led since assuming leadership of our businesses outside North America," said PepsiCo chairman and CEO Steve Reinemund. "His advancement also acknowledges the increasing importance of our international operations to PepsiCo's continued expansion and success."
The appointment increases PepsiCo's board to 15 members, comprising 12 independent directors and three company executives, namely Steve Reinemund, Indra Nooyi, president and chief financial officer, and now Michael White.
PepsiCo yesterday (2 January) announced the acquisition of Star Foods, one of Poland's leading savoury snack producers....
Consumer goods giant Sara Lee Corporation has announced today that it has reached agreement on the principal terms and conditions for the sale of its European nuts and snacks business in the Netherlan...
Snacks and soft drinks giant PepsiCo has announced its agreement, pending government approval, to purchase Stacy's Pita Chip Company, the top-selling maker of pita chips with sales approaching $60m th...
US snacks giant Frito-Lay, part of PepsiCo, has announced that it is to cut between 200 and 250 jobs as part of a move to streamline its organisation....
Frito-Lay India, the Indian snacks division of US giant PepsiCo, is set to launch several Quaker breakfast cereal brands onto the Indian market by the end of the year....
US snacks and soft drinks giant PepsiCo has reported lower third-quarter profit, due to a tax charge related to international profit repatriation....
Food and drink company Pepsico is to close its Walkers snack factory in Swansea, in South Wales, with the loss of 250 jobs, reports the BBC....
Snack company Smith's Snackfood Company today (Tuesday) announced it has acquired Sakata Rice Snacks Australia....
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