Arab Today, arab today pepsico shakes up global structure
Last Updated : GMT 12:41:09
Arab Today, arab today
Arab Today, arab today

PepsiCo shakes up global structure

Arab Today, arab today

Arab Today, arab today PepsiCo shakes up global structure

New York - Arabstoday

PepsiCo Inc said it was taking the “essential” step of changing its global structure by creating the new job of president to integrate its sprawling operations worldwide, and was bringing back a former executive to head its food and snacks business in the Americas. PepsiCo Chief Executive Indra Nooyi, who has come under pressure from Wall Street for a stagnant stock price and a lagging North American beverage business, in a statement on Monday said the moves were needed to help PepsiCo keep growing. Nooyi’s five-year tenure has been hurt by the global financial crisis, recession and unprecedented commodity inflation. She has been criticised for taking her eye off the core business of sodas to expand into healthier products such as hummus and drinkable oatmeal. The changes announced on Monday will deepen PepsiCo’s management bench. PepsiCo tapped an alum, Brian Cornell, who most recently was CEO of Sam’s Club, part of Wal-Mart Stores Inc, to become CEO of PepsiCo Americas Foods. He will be responsible for Frito-Lay North America, Quaker oatmeal and other brands. Cornell, who headed Sam’s Club for nearly three years until he left last month, previously held senior roles at the Michaels arts and crafts specialty retailer, where he led a turnaround, and was chief marketing officer for supermarket chain Safeway. Prior to that, Cornell worked at PepsiCo in a number of positions, including president of Tropicana and of PepsiCo North America Foodservice. He will report to Nooyi, who praised him for having “what it takes to be a senior executive of a large public company.” Cornell replaces John Compton, who will take up the newly created job of president of PepsiCo and oversee global operations and look for ways to reduce PepsiCo’s costs.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pepsico shakes up global structure Arab Today, arab today pepsico shakes up global structure

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pepsico shakes up global structure Arab Today, arab today pepsico shakes up global structure

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday