PepsiCo International CEO to Retire
September 19, 2009 by Mark Ellis
Filed under Business
After spending much of the last 20 years as the CEO of PepsiCo International, Michael White, who also served as a PepsiCo Inc. vice-chairman, has decided to retire. Along with his retirement from his CEO position from PepsiCo International, he will also leave his seat as vice-chairman in accordance with company policy.
PepsiCo International will be managed from its component businesses by Zein Abdalla, who will become CEO of PepsiCo Europe, and Saad Abdul-Latif, who will become CEO of PepsiCo Asia, Middle East, and Africa. Both of these regional CEOs will still report to PepsiCo CEO Indra Nooyi.
According to a statement from Nooyi, White had already expressed an interest in retiring as long as a year ago, wanting to move on to “the next chapter of his life.” Nooyi also praised White’s immense contributions to the company, who joined the company in 1990 and had previously held various senior positions.
Image: Flickr
Pepsi has come a long way over the years to be a great drink. Many times when someone at this level changes, the new person wants to make changes to leave their own legacy. Hopefully this new person does not try to change anything with how Pepsi is made.