PepsiCo president seizes 'once in lifetime' chance to fly new firm
By Ben Bouckley
Last updated on
PepsiCo says it feels sadness after the sudden resignation of president John Compton, who has left the firm to pursue a ‘once in a lifetime’ opportunity as CEO of Pilot Flying J.
PepsiCo claims it is ‘cautiously optimistic’ on the prospects for brand Pepsi, as its second quarter results released today revealed that total operating profits slumped 14%.
Leading US analysts believe that major shareholders are pushing for a PepsiCo split that could happen sooner rather than later, and said the firm could spin-out or sell its Americas Beverages or American snacks businesses.
Leading US nutrition expert Professor Marion Nestle says that PepsiCo’s decision to invest around $500m on marketing ‘megabrands’ she describes as unhealthy was a ‘crass commercial decision’, but the firm insisted that ‘health and wellness’ was crucial...