PepsiCo

ABA represents Coca-Cola, PepsiCo and Keurig Dr. Pepper. Pic: ©GettyImages/celsopupo

American Beverage Association appoints new CEO

By Beth Newhart

The American Beverage Association (ABA) has appointed Katherine Lugar as CEO and president, effective later this year. She will replace Susan K. Neely, who served in the role for 13 years.

SodaStream celebrated the deal by promoting a 20% off sale on its website on Monday. Pic: ©GettyImages/champlifezy@gmail.com

PepsiCo buys SodaStream for $3.2bn

By Beth Newhart

PepsiCo announced Monday that it has acquired Israel-based SodaStream International for $144 per share in a deal valued at $3.2 billion.

Beyti is 52% owned by Saudia Arabian dairy firm Almarai Company, and 48% by PepsiCo Inc. Pic: ©Getty Images/MidoSemsem

EBRD supports Egypt’s Beyti with $44m loan

By Jim Cornall

The European Bank for Reconstruction and Development (EBRD) is providing Egyptian dairy and juice producer, the International Company for Agricultural Industries Projects, S.A.E (Beyti), with a $44m loan.

Indra Nooyi has been CEO of PepsiCo for 12 years. Pic: PepsiCo

PepsiCo CEO Indra Nooyi to step down

By Rachel Arthur

Indra K. Nooyi is to end her tenure as PepsiCo CEO after more than a decade in the role, with Ramon Laguarta elected to succeed her.

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