Summary
PepsiCo, Inc. (PEP) has filed a Current Report on Form 8-K on October 8, 2025, detailing significant leadership changes and referencing upcoming financial results. The report announces the appointment of Stephen (“Steve”) Schmitt as the new Executive Vice President and Chief Financial Officer (CFO), effective November 10, 2025. Mr. Schmitt brings extensive financial leadership experience from his previous roles at Walmart U.S., including overseeing finance for a multi-billion-dollar omni-channel organization. Additionally, the filing incorporates a press release dated October 9, 2025, which will report PepsiCo's financial results for the 12 and 36 weeks ended September 6, 2025. This indicates investors should anticipate detailed financial performance figures to be released shortly. The report also notes the upcoming retirement of current CFO Jamie Caulfield after a transition period and the retirement of Board member Darren Walker.
Key Highlights
- 1Stephen (“Steve”) Schmitt appointed as Executive Vice President and Chief Financial Officer, effective November 10, 2025.
- 2Mr. Schmitt has a strong financial background, having served as EVP and CFO for Walmart U.S.
- 3PepsiCo will report its financial results for the 12 and 36 weeks ended September 6, 2025, via a press release dated October 9, 2025.
- 4Current CFO Jamie Caulfield will retire following a transition period ending May 15, 2026.
- 5Board member Darren Walker will retire effective November 19, 2025.
- 6Mr. Schmitt's compensation package includes a significant base salary, annual incentive target, substantial sign-on bonus, and long-term equity awards.
- 7The appointment of Mr. Schmitt and the upcoming financial results are key events for investors to monitor.