Pepsico recently announced the appointment of Vivek Sankaran as CEO of Frito-Lay North America. Kirk Tanner will become CEO of North America Beverages.
The appointments were officially made in late December, following the announcement that Albert P. Carey, Chief Executive Officer of PepsiCo North America, will retire at the end of March 2019, after nearly four decades at PepsiCo.
Both Sankaran and Tanner served as President and Chief Operating Officer of their respective divisions.
Says Ramon Laguarta, PepsiCo Chief Executive Officer: “Al has been an invaluable leader, colleague, advisor and friend, and will be missed by all of us at PepsiCo and all of the customers and partners he worked with over his exemplary career.”
“Al’s unique combination of style, skill, entrepreneurial spirit and executional excellence, has helped make PepsiCo one of the most admired businesses in the world, and raised the bar for our current and future associates. We wish him all the best in his next chapter.”
“While Al leaves big shoes to fill, I have every confidence in our North America businesses under the skilled leadership of Vivek and Kirk in these critical roles.”
Al Carey, current Chief Executive Officer of PepsiCo North America says “PepsiCo has been like family to me for almost 38 years, and to say this was a difficult decision for me is an understatement. I am so proud of the many accomplishments we achieved as a team along the way, especially with our customers and our front-line associates.”
“PepsiCo has a bright future and I’m excited about the compelling growth agenda Ramon is bringing. I look forward to watching PepsiCo’s continued success for many years to come.”
Source: PepsiCo
