PepsiCo, Inc. Announces Executive Changes, Effective November 30, 2023
November 06, 2023 at 09:00 am EST
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PepsiCo, Inc. announced that Vice Chairman, Hugh Johnston, will be leaving the company on November 30. James (Jamie) Caulfield is appointed Executive Vice President PepsiCo. Johnston retires from PepsiCo after 34 years of incredible and stellar service to the company.
He joined the company in 1987 and assumed the role of Chief Financial Officer in 2010. Over the years, Johnston's portfolio has included a variety of responsibilities, including President, Pepsi Cola North America, leadership of PepsiCo's information technology function since 2015, the company's global e-commerce business from 2015 to 2019 and the Quaker Foods North America division from 2014 to 2016. Caulfield is currently Senior Vice President, Chief Financial Officer, PepsiCo Foods North America.
He has an exemplary track record within PepsiCo, also spanning more than 30 years. During his PepsiCo career, Caulfield held the key position of Senior Vice President, Investor Relations from 2011 to 2019 and has held a succession of roles in Finance across Frito-Lay, FP&A, Investor Relations, Mergers & Acquisitions, Corporate Strategy and Development, and North America Beverages, where he was CFO for Canada. In 2019, Caulfield took on his current role as Senior Vice President, Chief Financial Officer, PepsiCo Foods North America and has been instrumental in the stewardship of the growth and transformation of the business.
PepsiCo, Inc. is one of the worldwide leaders in producing non-alcoholic beverages and snacks. Net sales break down by area of activity as follows:
- North America (60.8%): sale of beverages (49.7% of net sales; sodas, concentrated juices, water, tea and coffee-based beverages; Aquafina, Diet Mountain Dew, Diet Pepsi, Gatorade, Gatorade Zero, Mountain Dew, Pepsi, Propel brands, etc.), snacks (44.7%; chips, tortillas and pretzels; Lay's, Doritos, Tostitos, Cheetos, Fritos, Ruffles, etc.), and cereals (5.6%; ready-to-eat cereals, rice, wheat, etc.);
- Europe (14.5%): sale of snacks (Cheetos, Chipita, Doritos, Lay's, Ruffles and Walkers brands) and beverages (7UP, Diet Pepsi, Lubimy Sad, Mirinda, Pepsi and Pepsi Max);
- Latin America (12.7%): sales of snacks (Cheetos, Doritos, Emperador, Lay's, Mabel, Marias Gamesa, Ruffles, Sabritas, Saladitas and Tostitos brands) and beverages (7UP, Gatorade, H2oh!, Manzanita Sol, Mirinda, Pepsi, Pepsi Black, San Carlos and Toddy)
- Asia/Pacific/Australia/New Zealand (6.7%): sale of snacks (BaiCaoWei, Cheetos, Doritos, Lay's and Smith's brands), beverages and syrups (7UP, Aquafina, Mirinda, Mountain Dew, Pepsi and Sting);
- Africa/Middle East/South Asia (5.3%): sale of snacks (Chipsy, Doritos, Kurkure, Lay's, Sasko, Spekko and White Star brands) and beverages (7UP, Aquafina, Mirinda, Mountain Dew and Pepsi).
Net sales are distributed geographically as follows: the United States (57%), Mexico (7.7%), Canada (4.1%), Russia (3.9%), China (3%), the United Kingdom (2.1%), Brazil (1.9%), South Africa (1.9%) and other (18.4%).
PEPSICO, INC. 
