US: PepsiCo president departs, replaced by Europe chief
PepsiCo announced a "reset" in February
PepsiCo's president John Compton has left the group after less than eight months in the role.
Compton, who worked for PepsiCo for the last 30 years, will become CEO of Pilot Flying J Oil Corporation, which operates truck stops in his home state of Tennessee, the company announced late yesterday (11 September).
CEO of PepsiCo Europe, Zein Abdalla, has been appointed the group's new president, with immediate effect.
Enderson Guimaraes will replace Abdalla as CEO of PepsiCo Europe, while Guimaraes' successor as president of the group's Global Nutrition Group will be named shortly, it said.
Compton said the opportunity to take charge at Pilot Flying J Oil Corporation was a "once-in-a-lifetime chance".
"I have deep and personal ties to Tennessee, and my family's plan all along has been to return to Tennessee at some point," he said.
Click here for our On the move analysis of Compton's move and talk over who could be CEO Indra Nooyi's eventual successor.
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...
Obesity is a global epidemic that is "bankrupting economies and short changing futures", we were told during a round table at the World Economic Forum in Davos this weekend....
Indian food maker Hindustan Foods Ltd has reached a manufacturing and supply agreement with PepsoCo....
- On the move: What's in store from Tesco's new CEO?
- Focus: Lindt plays safe with Russell Stover buy
- On the money: Steady as she goes at Cloetta
- just the answer: Birds Eye UK Margaret Jobling
- Comment: ConAgra failing to address core issues
- Ferrero seals deal for hazelnut firm Oltan
- Campbell issues warning on 2014/15 fiscal year
- Premier launches Oxo pots range in UK
- UPDATE: Premier establishes international unit
- Genius secures listings in French supermarkets