8-KLeadership ChangesOther Events

PEPSICO INC 8-K Report, Executive Changes (Sep 28, 2011)

Filed September 28, 2011For Securities:PEP

Summary

PepsiCo, Inc. (PEP) filed an 8-K on September 28, 2011, to announce a key executive transition within its Global Operations division. Richard Goodman, the Executive Vice President of Global Operations, is retiring from the company later in 2011. To fill this crucial role, PepsiCo has appointed Enderson Guimaraes as the new President of Global Operations. Mr. Guimaraes brings a wealth of international experience, having previously served as Executive Vice President and CEO of Electrolux's appliance business for Europe, Africa, and the Middle East, as well as holding senior marketing positions at Philips Electronics. This leadership change is significant for investors as it signals a new direction and fresh perspective in managing PepsiCo's global operational activities.

Key Highlights

  • 1Executive Vice President of Global Operations, Richard Goodman, is retiring.
  • 2Enderson Guimaraes appointed as the new President of Global Operations.
  • 3Mr. Guimaraes has extensive international leadership experience from Electrolux and Philips Electronics.
  • 4The appointment is effective upon Mr. Guimaraes joining PepsiCo in October 2011.
  • 5This filing constitutes an official notification of an executive change under Item 5.02 of Form 8-K.

Frequently Asked Questions

This 8-K filing is primarily to report the retirement of Richard Goodman, Executive Vice President of Global Operations, and the appointment of Enderson Guimaraes as his successor.

Enderson Guimaraes has a strong international background, having previously led Electrolux's appliance business in Europe, Africa, and the Middle East, and holding senior global marketing roles at Philips Electronics.

Enderson Guimaraes is set to join PepsiCo and assume the role of President, Global Operations in October 2011.