PepsiCo

Key Highlights: PepsiCo has appointed Walmart finance executive Steve Schmitt as its new CFO, effective from Nov. 10. Schmitt, currently the CFO for Walmart U.S., will succeed Jamie Caulfield, PepsiCo’s CFO, who will retire next year after a distinguished 30-year…

PepsiCo has successfully reduced its virgin plastic use by 5% in 2024, surpassing its annual target of 2%, as stated in the 2024 ESG report released on Thursday. This marks the consumer packaged goods company’s first detailed report on its…

Dive Brief: Elliott Investment Management has acquired a stake of approximately $4 billion in PepsiCo, with plans to push for changes at the food and beverage giant. The activist investor has outlined ways in which the company can boost revenue…

Key Points: PepsiCo is increasing its ownership stake in Celsius Holdings as part of a $585 million deal to strengthen its presence in the energy drink category. PepsiCo will acquire convertible preferred stock in Celsius, raising its ownership stake to…

PepsiCo is making changes to its Detroit facility in response to declining consumer demand, resulting in the closure of certain operations. The company will be discontinuing production, maintenance, and transport operations at the beverage facility on Sept. 27, while other…

Summary: PepsiCo is introducing prebiotic versions of its classic soda to attract more consumers to the Pepsi brand. The new sodas, available in traditional Cola and Cherry Vanilla flavors, will be released online this fall and in stores by early…

PepsiCo’s Strategy to Offer Healthier Versions of Popular Brands PepsiCo is making significant changes to some of its popular brands to cater to the growing demand for healthier options. The company plans to introduce versions of Cheetos and other well-known…

PepsiCo has announced the closure of its Frito-Lay manufacturing plant in Rancho Cucamonga, California, as part of a trend of plant closures in the food industry due to decreased consumer spending. The company did not provide specific details on the…

Many businesses face challenges in determining which AI projects to pursue and often find themselves stuck in pilot phases. A well-defined strategy can guide technology leaders in navigating this complex landscape. PepsiCo is making progress in prioritizing projects as the…

As we approach 2025, many companies are reevaluating their sustainability goals, with PepsiCo being one of them. Chief Sustainability Officer Jim Andrew discusses the company’s decision to revamp some of its sustainability targets, emphasizing the need to evolve with the…