PepsiCo, Incorporated (NYSE: PEP) is a Fortune 500, American global corporation headquartered in Purchase, Harrison, New York, with interests in the manufacturing, marketing and distribution of grain-based snack foods, beverages, and other products. PepsiCo was formed in 1965 with the merger of the Pepsi-Cola Company and Frito-Lay, Inc. PepsiCo has since expanded from its namesake product Pepsi to a broader range of food and beverage brands, the largest of which include an acquisition of Tropicana in 1998 and a merger with Quaker Oats in 2001 - which added the Gatorade brand to its portfolio as well.
As of 2009, 19 of PepsiCo's product lines generated retail sales of more than $1 billion each, and the company’s products were distributed across more than 200 countries, resulting in annual net revenues of $43.3 billion. Based on net revenue, PepsiCo is the second largest food & beverage business in the world. Within North America, PepsiCo is ranked (by net revenue) as the largest food and beverage business.
Indra Krishnamurthy Nooyi has been the chief executive of PepsiCo since 2006, and the company employed approximately 285,000 people worldwide as of 2010. The company’s beverage distribution and bottling is conducted by PepsiCo as well as by licensed bottlers in certain regions.PepsiCo is a SIC 2080 (beverage) company.
PepsiCo, Inc. (PepsiCo), incorporated in 1919, is a global food, snack and beverage company. The Company’s brands include Quaker Oats, Tropicana, Gatorade, Lay’s, Pepsi, Walkers, Gamesa and Sabritas. The Company is organized into four business units: PepsiCo Americas Foods (PAF), which includes Frito-Lay North America (FLNA), Quaker Foods North America (QFNA) and all of its Latin American food and snack businesses (LAF), including its Sabritas and Gamesa businesses in Mexico; PepsiCo Americas Beverages (PAB), which includes PepsiCo Beverages Americas and Pepsi Beverages Company; PepsiCo Europe, which includes all beverage, food and snack businesses in Europe, and PepsiCo Asia, Middle East and Africa (AMEA), which includes all beverage, food and snack businesses in AMEA. PepsiCo’s four business units are comprised of six segments: FLNA, QFNA, LAF, PAB, Europe, and AMEA. The Company’s portfolio includes oat, rice and grain-based foods, as well as carbonated and non-carbonated beverages. The Company’s operations are in North America (United States and Canada), Mexico, Russia and the United Kingdom. On February 3, 2011, the Company acquired approximately 77% of Wimm-Bill-Dann Foods OJSC (WBD). On February 26, 2010, the Company completed its acquisitions of The Pepsi Bottling Group, Inc. (PBG) and PepsiAmericas, Inc. (PAS).
Frito-Lay North America
FLNA makes, markets, sells and distributes branded snack foods. These foods include Lay’s potato chips, Doritos tortilla chips, Cheetos cheese flavored snacks, Tostitos tortilla chips, branded dips, Ruffles potato chips, Fritos corn chips, Quaker Chewy granola bars and SunChips multigrain snacks. FLNA branded products are sold to independent distributors and retailers. In addition, FLNA’s joint venture with Strauss Group makes, markets, sells and distributes Sabra refrigerated dips and spreads. During the fiscal year ended December 25, 2010, (fiscal 2010), FLNA’s net revenue was approximated 23% of its total net revenue.
Quaker Foods North America
QFNA makes, markets and sells cereals, rice, pasta and other branded products. QFNA’s products include Quaker oatmeal, Aunt Jemima mixes and syrups, Cap’n Crunch cereal, Quaker grits, Life cereal, Rice-A-Roni, Pasta Roni and Near East side dishes. These branded products are sold to independent distributors and retailers. During fiscal 2010, QFNA’s net revenue was approximated 3% of its total net revenue.
Latin America Foods
LAF makes, markets and sells a number of snack food brands including Doritos, Marias Gamesa, Cheetos, Ruffles, Emperador, Saladitas, Sabritas and Lay’s, as well as many Quaker-brand cereals and snacks. These branded products are sold to independent distributors and retailers. During fiscal 2010, LAF’s net revenue was 14% of its total net revenue.
PepsiCo Americas Beverages
PAB makes, markets, sells and distributes beverage concentrates, fountain syrups and finished goods, under various beverage brands, including Pepsi, Mountain Dew, Gatorade, 7UP (outside the U.S.), Tropicana Pure Premium, Electropura, Sierra Mist, Epura and Mirinda. PAB also, either independently or through contract manufacturers, makes, markets and sells ready-to-drink tea, coffee and water products through joint ventures with Unilever (under the Lipton brand name) and Starbucks. In addition, PAB licenses the Aquafina water brand to its independent bottlers and markets this brand. Furthermore, PAB manufactures and distributes certain brands licensed from Dr Pepper Snapple Group, Inc. (DPSG), including Dr Pepper and Crush. PAB sells concentrate and finished goods for some of these brands to authorized bottlers, and some of these branded finished goods are sold directly by the Company to independent distributors and retailers. During fiscal 2010, PAB’s net revenue was approximated 35%, of its total net revenue.
Europe
Europe makes, markets and sells a number of snack foods including Lay’s, Walkers, Doritos, Cheetos and Ruffles, as well as many Quaker-brand cereals and snacks, through consolidated businesses as well as through noncontrolled affiliates. Europe also, either independently or through contract manufacturers, makes, markets and sells beverage concentrates, fountain syrups and finished goods under various beverage brands including Pepsi, 7UP and Tropicana. These branded products are sold to authorized bottlers, independent distributors and retailers. In certain markets, however, Europe operates its own bottling plants and distribution facilities. In addition, Europe licenses the Aquafina water brand to certain of its authorized bottlers. Europe also, either independently or through contract manufacturers, makes, markets and sells ready-to-drink tea products through an international joint venture with Unilever (under the Lipton brand name). During fiscal 2010, Europe’s net revenue was approximated 16% of its total net revenue.
Asia, Middle East & Africa
AMEA makes, markets and sells a number of snack food brands, including Lay’s, Chipsy, Kurkure, Doritos, Cheetos and Smith’s, through consolidated businesses as well as through noncontrolled affiliates. Further, either independently or through contract manufacturers, AMEA makes, markets and sells many Quaker-brand cereals and snacks. AMEA also makes, markets and sells beverage concentrates, fountain syrups and finished goods, under various beverage brands including Pepsi, Mirinda, 7UP and Mountain Dew. These branded products are sold to authorized bottlers, independent distributors and retailers. However, in certain markets, AMEA operates its own bottling plants and distribution facilities. In addition, AMEA licenses the Aquafina water brand to certain of its authorized bottlers. AMEA also, either independently or through contract manufacturers, makes, markets and sells ready-to-drink tea products through an international joint venture with Unilever (under the Lipton brand name). During fiscal 2010, AMEA’s net revenue was approximated 12%, of its total net revenue.
The Company competes with The Coca-Cola Company.
In October 2000 Enrico announced that he intended to vacate his position as CEO by the end of 2001 and his position as chairman by year-end 2002. Reinemund was named the heir apparent. Also that month, PepsiCo reached an agreement to acquire a majority stake in South Beach Beverage Company, maker of the SoBe brand. Popular with young consumers, the SoBe drink line featured herbal ingredients and was the fastest growing brand in the burgeoning noncarbonated alternative beverage sector.
An even more tempting target soon attracted PepsiCo's attention: the powerhouse Gatorade brand owned by the Quaker Oats Company. Gatorade held an astounding 83.6 percent of the U.S. retail market for sports drinks and was the world leader in that segment with annual sales of about $2 billion. PepsiCo entered into talks with Quaker about acquiring the company for about $14 billion in stock, but by early November the two sides had failed to reach an agreement. Coca-Cola and Groupe Danone quickly came forward to discuss acquiring Quaker. Coke came exceedingly close to signing a $15.75 billion takeover agreement, but the company's board pulled the plug on the deal at the last minute. Danone soon bowed out as well. At that point, PepsiCo reentered the picture, and in early December the firm announced that it agreed to acquire Quaker Oats for $13.4 billion in stock. This appeared to be quite a coup for PepsiCo as it would not only bring on board the valuable Gatorade brand and make PepsiCo the clear leader in the fast-growing noncarbonated beverage category, it would also add Quaker's small but growing snack business, which included granola and other bars as well as rice cakes. Quaker's non-snack food brands--which included the flagship Quaker oatmeal, Life and Cap'n Crunch cereals, Rice a Roni, and Aunt Jemima syrup--did not fit as neatly into the PepsiCo portfolio but were highly profitable and could eventually be divested if desired. In conjunction with the acquisition announcement, Enrico said that upon completion of the merger, he and the head of Quaker, Robert S. Morrison, would become vice-chairmen of PepsiCo, Morrison would also remain chairman, president, and CEO of Quaker, and Reinemund would become chairman and CEO of PepsiCo, thereby accelerating the management transition. At that same time, PepsiCo's CFO, Indra Nooyi, who was the highest ranking Indian-born woman in corporate America, would become president and CFO. It seemed likely that this new management team would take PepsiCo to new heights in the early 21st century and that the company would continue to be a more and more formidable challenger to arch-rival Coca-Cola.
Principal Divisions: Frito-Lay Company; Pepsi-Cola Company; Tropicana Products, Inc.
Principal Competitors: Borden, Inc.; Cadbury Schweppes plc; Campbell Soup Company; Chiquita Brands International, Inc.; The Coca-Cola Company; ConAgra Foods, Inc.; Cott Corporation; Groupe Danone; General Mills, Inc.; Golden Enterprises, Inc.; Keebler Foods Company; Kraft Foods, Inc.; Nestlé S.A.; Ocean Spray Cranberries, Inc.; The Procter & Gamble Company.
OVERALL
Beta: 0.54
Market Cap (Mil.): $110,961.90
Shares Outstanding (Mil.): 1,580.65
Annual Dividend: 2.06
Yield (%): 2.93
FINANCIALS
PEP.N Industry Sector
P/E (TTM): 18.80 13.68 36.23
EPS (TTM): -5.15 -- --
ROI: 11.33 6.73 8.03
ROE: 27.53 11.12 12.95
Statistics:
Public Company
Incorporated: 1965
Employees: 118,000
Sales: $20.37 billion (1999)
Stock Exchanges: New York Chicago Swiss Amsterdam Tokyo
Ticker Symbol: PEP
NAIC: 311411 Frozen Fruit, Juice, and Vegetable Manufacturing; 311919 Other Snack Food Manufacturing; 311821 Cookie and Cracker Manufacturing; 311930 Flavoring Syrup and Concentrate Manufacturing; 312111 Soft Drink Manufacturing; 312112 Bottled Water Manufacturing
Key Dates:
1898: Pharmacist Caleb D. Bradham begins selling a cola beverage called Pepsi-Cola.
1905: Bradham begins establishing a network of bottling franchises.
1923: Bradham's company goes bankrupt.
1928: Roy C. Megargel reorganizes the firm as the National Pepsi-Cola Company.
1931: Company again goes bankrupt and is resurrected by the president of Loft Inc., Charles G. Guth.
1933: The size of Pepsi bottles is doubled, increasing sales dramatically.
1936: Pepsi-Cola Company becomes a subsidiary of Loft.
1939: First national radio advertising of the Pepsi brand.
1941: Loft and Pepsi-Cola merge, the new firm using the name Pepsi-Cola Company.
1964: Diet Pepsi debuts; Mountain Dew is acquired from Tip Corporation.
1965: Pepsi-Cola merges with Frito-Lay to form PepsiCo, Inc., with the two predecessors becoming divisions.
1967: Frito-Lay introduces Doritos tortilla chips to the national U.S. market.
1977: PepsiCo acquires Taco Bell.
1978: PepsiCo acquires Pizza Hut.
1981: Frito-Lay introduces Tostitos tortilla chips.
1986: The Kentucky Fried Chicken (KFC) chain is acquired.
1997: Taco Bell, Pizza Hut, and KFC are spun off into a new company called Tricon Global Restaurants.
1998: PepsiCo acquires Tropicana Products for $3.3 billion.
1999: Pepsi Bottling Group is spun off to the public, with PepsiCo retaining a 35 percent stake.
2000: PepsiCo reaches an agreement to acquire the Quaker Oats Company for $13.4 billion.
Name Age Since Current Position
Nooyi, Indra 55 2007 Chairman of the Board, Chief Executive Officer
Johnston, Hugh 49 2010 Chief Financial Officer
Compton, John 49 2007 Chief Executive Officer - PepsiCo Americas Foods
Carey, Albert 59 2006 President & Chief Executive of Frito-Lay North America
d'Amore, Massimo 55 2010 Chief Executive Officer - PepsiCo Beverages Americas
Abdalla, Zein 52 2009 Chief Executive Officer, Europe
Abdul-Latif, Saad 57 2009 Chief Executive Officer, Asia, Middle East, Africa
Foss, Eric 52 2010 Chief Executive Officer of Pepsi Beverages Company
Glover, Richard 2011 President - PepsiCo Beverages Canada
Smith, Maura 2011 Executive Vice President - Government Affairs, General Counsel, Corporate Secretary
Goodman, Richard 62 2010 Executive Vice President - Operations
Bridgman, Peter 58 2000 Senior Vice President and Controller
Trudell, Cynthia 57 2007 Senior Vice President, Chief Personnel Officer
Khan, Mehmood 52 2010 Chief Scientific Officer, Chief Executive Officer of Global Nutrition Group
Cost, Timothy 51 2011 Executive Officer
Hunt, Ray 67 1996 Independent Director
Rockefeller, Sharon 66 2010 Independent Director
Martinez, Arthur 71 1999 Independent Director
Vasella, Daniel 58 2002 Independent Director
Schiro, James 65 2010 Independent Presiding Director
Dzau, Victor 65 2005 Independent Director
Dublon, Dina 57 2005 Independent Director
Ibarguen, Alberto 67 2005 Independent Director
Cook, Ian 58 2008 Independent Director
Trotter, Lloyd 66 2008 Independent Director
Brown, Shona 45 2009 Independent Director
Address:
700 Anderson Hill Road
Purchase, New York 10577-1444
U.S.A.
As of 2009, 19 of PepsiCo's product lines generated retail sales of more than $1 billion each, and the company’s products were distributed across more than 200 countries, resulting in annual net revenues of $43.3 billion. Based on net revenue, PepsiCo is the second largest food & beverage business in the world. Within North America, PepsiCo is ranked (by net revenue) as the largest food and beverage business.
Indra Krishnamurthy Nooyi has been the chief executive of PepsiCo since 2006, and the company employed approximately 285,000 people worldwide as of 2010. The company’s beverage distribution and bottling is conducted by PepsiCo as well as by licensed bottlers in certain regions.PepsiCo is a SIC 2080 (beverage) company.
PepsiCo, Inc. (PepsiCo), incorporated in 1919, is a global food, snack and beverage company. The Company’s brands include Quaker Oats, Tropicana, Gatorade, Lay’s, Pepsi, Walkers, Gamesa and Sabritas. The Company is organized into four business units: PepsiCo Americas Foods (PAF), which includes Frito-Lay North America (FLNA), Quaker Foods North America (QFNA) and all of its Latin American food and snack businesses (LAF), including its Sabritas and Gamesa businesses in Mexico; PepsiCo Americas Beverages (PAB), which includes PepsiCo Beverages Americas and Pepsi Beverages Company; PepsiCo Europe, which includes all beverage, food and snack businesses in Europe, and PepsiCo Asia, Middle East and Africa (AMEA), which includes all beverage, food and snack businesses in AMEA. PepsiCo’s four business units are comprised of six segments: FLNA, QFNA, LAF, PAB, Europe, and AMEA. The Company’s portfolio includes oat, rice and grain-based foods, as well as carbonated and non-carbonated beverages. The Company’s operations are in North America (United States and Canada), Mexico, Russia and the United Kingdom. On February 3, 2011, the Company acquired approximately 77% of Wimm-Bill-Dann Foods OJSC (WBD). On February 26, 2010, the Company completed its acquisitions of The Pepsi Bottling Group, Inc. (PBG) and PepsiAmericas, Inc. (PAS).
Frito-Lay North America
FLNA makes, markets, sells and distributes branded snack foods. These foods include Lay’s potato chips, Doritos tortilla chips, Cheetos cheese flavored snacks, Tostitos tortilla chips, branded dips, Ruffles potato chips, Fritos corn chips, Quaker Chewy granola bars and SunChips multigrain snacks. FLNA branded products are sold to independent distributors and retailers. In addition, FLNA’s joint venture with Strauss Group makes, markets, sells and distributes Sabra refrigerated dips and spreads. During the fiscal year ended December 25, 2010, (fiscal 2010), FLNA’s net revenue was approximated 23% of its total net revenue.
Quaker Foods North America
QFNA makes, markets and sells cereals, rice, pasta and other branded products. QFNA’s products include Quaker oatmeal, Aunt Jemima mixes and syrups, Cap’n Crunch cereal, Quaker grits, Life cereal, Rice-A-Roni, Pasta Roni and Near East side dishes. These branded products are sold to independent distributors and retailers. During fiscal 2010, QFNA’s net revenue was approximated 3% of its total net revenue.
Latin America Foods
LAF makes, markets and sells a number of snack food brands including Doritos, Marias Gamesa, Cheetos, Ruffles, Emperador, Saladitas, Sabritas and Lay’s, as well as many Quaker-brand cereals and snacks. These branded products are sold to independent distributors and retailers. During fiscal 2010, LAF’s net revenue was 14% of its total net revenue.
PepsiCo Americas Beverages
PAB makes, markets, sells and distributes beverage concentrates, fountain syrups and finished goods, under various beverage brands, including Pepsi, Mountain Dew, Gatorade, 7UP (outside the U.S.), Tropicana Pure Premium, Electropura, Sierra Mist, Epura and Mirinda. PAB also, either independently or through contract manufacturers, makes, markets and sells ready-to-drink tea, coffee and water products through joint ventures with Unilever (under the Lipton brand name) and Starbucks. In addition, PAB licenses the Aquafina water brand to its independent bottlers and markets this brand. Furthermore, PAB manufactures and distributes certain brands licensed from Dr Pepper Snapple Group, Inc. (DPSG), including Dr Pepper and Crush. PAB sells concentrate and finished goods for some of these brands to authorized bottlers, and some of these branded finished goods are sold directly by the Company to independent distributors and retailers. During fiscal 2010, PAB’s net revenue was approximated 35%, of its total net revenue.
Europe
Europe makes, markets and sells a number of snack foods including Lay’s, Walkers, Doritos, Cheetos and Ruffles, as well as many Quaker-brand cereals and snacks, through consolidated businesses as well as through noncontrolled affiliates. Europe also, either independently or through contract manufacturers, makes, markets and sells beverage concentrates, fountain syrups and finished goods under various beverage brands including Pepsi, 7UP and Tropicana. These branded products are sold to authorized bottlers, independent distributors and retailers. In certain markets, however, Europe operates its own bottling plants and distribution facilities. In addition, Europe licenses the Aquafina water brand to certain of its authorized bottlers. Europe also, either independently or through contract manufacturers, makes, markets and sells ready-to-drink tea products through an international joint venture with Unilever (under the Lipton brand name). During fiscal 2010, Europe’s net revenue was approximated 16% of its total net revenue.
Asia, Middle East & Africa
AMEA makes, markets and sells a number of snack food brands, including Lay’s, Chipsy, Kurkure, Doritos, Cheetos and Smith’s, through consolidated businesses as well as through noncontrolled affiliates. Further, either independently or through contract manufacturers, AMEA makes, markets and sells many Quaker-brand cereals and snacks. AMEA also makes, markets and sells beverage concentrates, fountain syrups and finished goods, under various beverage brands including Pepsi, Mirinda, 7UP and Mountain Dew. These branded products are sold to authorized bottlers, independent distributors and retailers. However, in certain markets, AMEA operates its own bottling plants and distribution facilities. In addition, AMEA licenses the Aquafina water brand to certain of its authorized bottlers. AMEA also, either independently or through contract manufacturers, makes, markets and sells ready-to-drink tea products through an international joint venture with Unilever (under the Lipton brand name). During fiscal 2010, AMEA’s net revenue was approximated 12%, of its total net revenue.
The Company competes with The Coca-Cola Company.
In October 2000 Enrico announced that he intended to vacate his position as CEO by the end of 2001 and his position as chairman by year-end 2002. Reinemund was named the heir apparent. Also that month, PepsiCo reached an agreement to acquire a majority stake in South Beach Beverage Company, maker of the SoBe brand. Popular with young consumers, the SoBe drink line featured herbal ingredients and was the fastest growing brand in the burgeoning noncarbonated alternative beverage sector.
An even more tempting target soon attracted PepsiCo's attention: the powerhouse Gatorade brand owned by the Quaker Oats Company. Gatorade held an astounding 83.6 percent of the U.S. retail market for sports drinks and was the world leader in that segment with annual sales of about $2 billion. PepsiCo entered into talks with Quaker about acquiring the company for about $14 billion in stock, but by early November the two sides had failed to reach an agreement. Coca-Cola and Groupe Danone quickly came forward to discuss acquiring Quaker. Coke came exceedingly close to signing a $15.75 billion takeover agreement, but the company's board pulled the plug on the deal at the last minute. Danone soon bowed out as well. At that point, PepsiCo reentered the picture, and in early December the firm announced that it agreed to acquire Quaker Oats for $13.4 billion in stock. This appeared to be quite a coup for PepsiCo as it would not only bring on board the valuable Gatorade brand and make PepsiCo the clear leader in the fast-growing noncarbonated beverage category, it would also add Quaker's small but growing snack business, which included granola and other bars as well as rice cakes. Quaker's non-snack food brands--which included the flagship Quaker oatmeal, Life and Cap'n Crunch cereals, Rice a Roni, and Aunt Jemima syrup--did not fit as neatly into the PepsiCo portfolio but were highly profitable and could eventually be divested if desired. In conjunction with the acquisition announcement, Enrico said that upon completion of the merger, he and the head of Quaker, Robert S. Morrison, would become vice-chairmen of PepsiCo, Morrison would also remain chairman, president, and CEO of Quaker, and Reinemund would become chairman and CEO of PepsiCo, thereby accelerating the management transition. At that same time, PepsiCo's CFO, Indra Nooyi, who was the highest ranking Indian-born woman in corporate America, would become president and CFO. It seemed likely that this new management team would take PepsiCo to new heights in the early 21st century and that the company would continue to be a more and more formidable challenger to arch-rival Coca-Cola.
Principal Divisions: Frito-Lay Company; Pepsi-Cola Company; Tropicana Products, Inc.
Principal Competitors: Borden, Inc.; Cadbury Schweppes plc; Campbell Soup Company; Chiquita Brands International, Inc.; The Coca-Cola Company; ConAgra Foods, Inc.; Cott Corporation; Groupe Danone; General Mills, Inc.; Golden Enterprises, Inc.; Keebler Foods Company; Kraft Foods, Inc.; Nestlé S.A.; Ocean Spray Cranberries, Inc.; The Procter & Gamble Company.
OVERALL
Beta: 0.54
Market Cap (Mil.): $110,961.90
Shares Outstanding (Mil.): 1,580.65
Annual Dividend: 2.06
Yield (%): 2.93
FINANCIALS
PEP.N Industry Sector
P/E (TTM): 18.80 13.68 36.23
EPS (TTM): -5.15 -- --
ROI: 11.33 6.73 8.03
ROE: 27.53 11.12 12.95
Statistics:
Public Company
Incorporated: 1965
Employees: 118,000
Sales: $20.37 billion (1999)
Stock Exchanges: New York Chicago Swiss Amsterdam Tokyo
Ticker Symbol: PEP
NAIC: 311411 Frozen Fruit, Juice, and Vegetable Manufacturing; 311919 Other Snack Food Manufacturing; 311821 Cookie and Cracker Manufacturing; 311930 Flavoring Syrup and Concentrate Manufacturing; 312111 Soft Drink Manufacturing; 312112 Bottled Water Manufacturing
Key Dates:
1898: Pharmacist Caleb D. Bradham begins selling a cola beverage called Pepsi-Cola.
1905: Bradham begins establishing a network of bottling franchises.
1923: Bradham's company goes bankrupt.
1928: Roy C. Megargel reorganizes the firm as the National Pepsi-Cola Company.
1931: Company again goes bankrupt and is resurrected by the president of Loft Inc., Charles G. Guth.
1933: The size of Pepsi bottles is doubled, increasing sales dramatically.
1936: Pepsi-Cola Company becomes a subsidiary of Loft.
1939: First national radio advertising of the Pepsi brand.
1941: Loft and Pepsi-Cola merge, the new firm using the name Pepsi-Cola Company.
1964: Diet Pepsi debuts; Mountain Dew is acquired from Tip Corporation.
1965: Pepsi-Cola merges with Frito-Lay to form PepsiCo, Inc., with the two predecessors becoming divisions.
1967: Frito-Lay introduces Doritos tortilla chips to the national U.S. market.
1977: PepsiCo acquires Taco Bell.
1978: PepsiCo acquires Pizza Hut.
1981: Frito-Lay introduces Tostitos tortilla chips.
1986: The Kentucky Fried Chicken (KFC) chain is acquired.
1997: Taco Bell, Pizza Hut, and KFC are spun off into a new company called Tricon Global Restaurants.
1998: PepsiCo acquires Tropicana Products for $3.3 billion.
1999: Pepsi Bottling Group is spun off to the public, with PepsiCo retaining a 35 percent stake.
2000: PepsiCo reaches an agreement to acquire the Quaker Oats Company for $13.4 billion.
Name Age Since Current Position
Nooyi, Indra 55 2007 Chairman of the Board, Chief Executive Officer
Johnston, Hugh 49 2010 Chief Financial Officer
Compton, John 49 2007 Chief Executive Officer - PepsiCo Americas Foods
Carey, Albert 59 2006 President & Chief Executive of Frito-Lay North America
d'Amore, Massimo 55 2010 Chief Executive Officer - PepsiCo Beverages Americas
Abdalla, Zein 52 2009 Chief Executive Officer, Europe
Abdul-Latif, Saad 57 2009 Chief Executive Officer, Asia, Middle East, Africa
Foss, Eric 52 2010 Chief Executive Officer of Pepsi Beverages Company
Glover, Richard 2011 President - PepsiCo Beverages Canada
Smith, Maura 2011 Executive Vice President - Government Affairs, General Counsel, Corporate Secretary
Goodman, Richard 62 2010 Executive Vice President - Operations
Bridgman, Peter 58 2000 Senior Vice President and Controller
Trudell, Cynthia 57 2007 Senior Vice President, Chief Personnel Officer
Khan, Mehmood 52 2010 Chief Scientific Officer, Chief Executive Officer of Global Nutrition Group
Cost, Timothy 51 2011 Executive Officer
Hunt, Ray 67 1996 Independent Director
Rockefeller, Sharon 66 2010 Independent Director
Martinez, Arthur 71 1999 Independent Director
Vasella, Daniel 58 2002 Independent Director
Schiro, James 65 2010 Independent Presiding Director
Dzau, Victor 65 2005 Independent Director
Dublon, Dina 57 2005 Independent Director
Ibarguen, Alberto 67 2005 Independent Director
Cook, Ian 58 2008 Independent Director
Trotter, Lloyd 66 2008 Independent Director
Brown, Shona 45 2009 Independent Director
Address:
700 Anderson Hill Road
Purchase, New York 10577-1444
U.S.A.
Last edited: