PepsiCo has named Albert Carey as Frito-Lay North America (FLNA) division’s new president and CEO. He succeeds Irene Rosenfeld, who left to join Kraft Foods yesterday (26 June), with immediate effect.

Carey is a 25-year veteran of PepsiCo and has spent nearly 20 years at FLNA. He most recently served as the president of PepsiCo sales, and his replacement there will be named soon, the company said.

“Al Carey is recognised industry-wide for his command not only of PepsiCo’s businesses and our strong go-to-market capabilities, but for his passionate commitment to our customers and the consumers they serve, and the thousands of associates who bring PepsiCo to them every day,” said PepsiCo chairman and CEO, Steve Reinemund.

During his long spell at Pepsi, Carey has held a broad range of positions at Frito-Lay, including chief operating officer, as well as chief operating officer for PepsiCo beverages and foods, senior vice president of sales and retailer strategies for PepsiCo, and senior vice president of sales for Pepsi-Cola North America.

“It is a tremendous honour to be selected to lead one of the most exciting businesses in the world,” said Carey. “I’m returning home to Frito-Lay, and it will be a privilege to work again with the amazing talent there to deliver the next chapter in the company’s impressive growth story.”