Press release
PepsiCo Announces New Chief Financial Officer; Long-Standing CFO to Leave For Role at Disney
PURCHASE, N.Y., Nov. 6, 2023 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) today announced that Vice Chairman and Chief Financial Officer, Hugh Johnston, will
About this update from Pepsico, Inc.
[{"type":"text","content":"PURCHASE, N.Y., Nov. 6, 2023 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) today announced that Vice Chairman and Chief Financial Officer, Hugh Johnston, will be leaving the company on November 30. James (Jamie) Caulfield is appointed Executive Vice President, Chief Financial Officer PepsiCo.\n\n \n \n \n \n \n \n\n \nJohnston retires from PepsiCo after 34 years of incredible and stellar service to the company. He joined the company in 1987 and assumed the role of Chief Financial Officer in 2010. Over the years, Johnston's portfolio has included a variety of responsibilities, including President, Pepsi Cola North America, leadership of PepsiCo's information technology function since 2015, the company's global e-commerce business from 2015 to 2019 and the Quaker Foods North America division from 2014 to 2016. \nJohnston will join The Walt Disney Company as Chief Financial Officer following his departure from PepsiCo on November 30. \nAs a result of this transition, Jamie Caulfield will succeed Johnston as Executive Vice President, Chief Financial Officer for PepsiCo. Caulfield is currently Senior Vice President, Chief Financial Officer, PepsiCo Foods North America. He has an exemplary track record within PepsiCo, also spanning more than 30 years. During his PepsiCo career, Caulfield held the key position of Senior Vice President, Investor Relations from 2011 to 2019 and has held a succession of roles in Finance across Frito-Lay, FP&A, Investor Relations, Mergers & Acquisitions, Corporate Strategy and Development, and North America Beverages, where he was CFO for Canada. In 2019, Caulfield took on his current role as Senior Vice President, Chief Financial Officer, PepsiCo Foods North America and has been instrumental in the stewardship of the growth and transformation of the business. \nCommenting on Jamie Caulfield's appointment, Ramon Laguarta, Chairman and Chief Executive Officer, said: \"We are fortunate to have someone of Jamie's caliber and experience already within PepsiCo today and ready to take on the role. His experience within the company is as deep as it is broad and he has touched all aspects of our business in the last 30 years. The continuity which Jamie will bring to the high-performing Finance function, coupled with his relentless attention to detail and commitment to PepsiCo, is evidence that we have the right pers...