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.