01—Abstract
Summary
Summary of the 8-K filed December 11, 2024. Cited figures are marked; the original filing is the authoritative source.
PepsiCo, Inc. (PEP) has announced a significant change in its principal accounting officer role.
Christine E. Tammara, currently Senior Vice President, Controller for PepsiCo Beverages North America, has been appointed as the new Senior Vice President and Controller (Principal Accounting Officer) of the Company. This transition is set to occur upon the retirement of the current officer, Marie T.
Gallagher, on May 3, 2025. Investors should note that Ms. Tammara brings extensive experience within PepsiCo's finance and control functions since joining in 2007, including recent leadership roles in beverages and internal auditing. While this appointment signals continuity in leadership within the controller function, it's important for investors to be aware of the timing and the fact that specific compensation arrangements for Ms. Tammara in this new role have not yet been disclosed.
The company has indicated that this information will likely be detailed in future filings. This announcement, though not directly impacting financial results, is a key governance update concerning the oversight of financial reporting.
02—Key points
Key Highlights
- Christine E. Tammara appointed as new Senior Vice President and Controller (Principal Accounting Officer).
- Current officer, Marie T. Gallagher, is set to retire on May 3, 2025, marking the effective date of the transition.
- Ms. Tammara has a long tenure with PepsiCo, joining in 2007 and holding various senior finance and audit roles.
- Ms. Tammara's most recent position was Senior Vice President, Controller for PepsiCo Beverages North America.
- No new compensation arrangements for Ms. Tammara in her new role have been disclosed at the time of this filing.
- This is an executive leadership change within the accounting and financial reporting oversight function.
- The appointment is effective post-retirement of the current Principal Accounting Officer.
03—Questions
Frequently Asked Questions
Who is the new Principal Accounting Officer at PepsiCo?
Christine E. Tammara has been appointed as the new Senior Vice President and Controller (Principal Accounting Officer) for PepsiCo, Inc.
When will the new Principal Accounting Officer officially take over?
Ms. Tammara's appointment will be effective upon the retirement of the current Senior Vice President and Controller, Marie T. Gallagher, which is scheduled for May 3, 2025.
What is Christine E. Tammara's experience at PepsiCo?
Ms. Tammara joined PepsiCo in 2007 and has held several significant roles, including Senior Vice President, Controller for PepsiCo Beverages North America, Senior Vice President and General Auditor, and Vice President and Assistant Controller, Technical Accounting and Policy.
Have there been any changes to Ms. Tammara's compensation as a result of this appointment?
At the time of this filing, PepsiCo has not disclosed any new compensation arrangements for Ms. Tammara in connection with her appointment as Senior Vice President and Controller.
04—Continue