Pepsi appoints John Compton CEO North America
Pepsi appoints John Compton CEO North America
John Compton, 45 years old, will take the newly created position of
Chuck Maniscalco, 53, president of the Gatorade/Propel business, succeeds Mr. Compton as leader of the Quaker-Tropicana-Gatorade unit.
Ms. Nooyi, 50, who has served as the Purchase, N.Y., company's president and chief financial officer, will take over as
The new structure will mean fewer division executives reporting to Ms. Nooyi as
In a statement, Ms. Nooyi said she chose the new structure to replicate the success of Pepsi's fast-growing international division, where all of the company's food and beverage businesses are consolidated under one executive, Michael White, who is also Pepsi's vice chairman. Mr. White will report to Ms. Nooyi.
"Our individual businesses are headed by extraordinary leaders who are doing an excellent job running their operations, yet there is unquestionably more value to be realized by approaching our consumers and retail partners as a fully integrated enterprise," Ms. Nooyi said.
Bryan Spillane, an analyst at Bank of America Equity Research, said the new management structure should enable Pepsi to better react to changing market conditions. But he cautioned that "given the talent glut at Pepsi, this, as with any organization change, creates the risk that some executives may be dissatisfied with their role."
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