PepsiCo Inc. (NYSE: PEP) has announced that the vice chairman and CEO of its International division, Michael D. White, will retire after about 20 years of working for PepsiCo. In 1990 Michael joined the company, as VP of planning for Frito-Lay North America and since 2006 has been a director of the company.
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Michael D. White is responsible for developing PepsiCo’s staff and leading the company into several strategic acquisitions. PepsiCo. Is currently has a deal pending for $7.8 billion to buy its largest bottlers, Pepsi Americas and Pepsi Bottling Group. Michael White is responsible for putting this deal into place.
About PepsiCo, Inc.
PepsiCo, Inc. (PepsiCo) is a global beverage, snack and food company. The Company manufactures, markets and sells a range of salty, convenient, sweet and grain-based snacks, carbonated and non-carbonated beverages and foods approximately 200 countries, with its operations in North America, Mexico and the United Kingdom. The Company is organized into three business units: PepsiCo Americas Foods, which includes Frito-Lay North America, Quaker Foods North America and all of its Latin American food and snack businesses, including its Sabritas and Gamesa businesses in Mexico; PepsiCo Americas Beverages, which includes PepsiCo Beverages North America and all of its Latin American beverage businesses, and PepsiCo International, which includes all PepsiCo businesses in the United Kingdom, Europe, Asia, Middle East and Africa. The Company’s three business units were organized in six segments: FLNA, QFNA, LAF, PAB, United Kingdom & Europe, and Middle East, Africa & Asia.
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