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 …read more

For the fourth year in a row, soda-pop sales are down for the fourth year in a row. The nation’s two largest soft drink companies, Coca-Cola Co. and PepsiCo Inc. both have reported losses, and according to Beverage Digest, total volume of sales fell 3% in 2008.
When that drop is combined with the declines seen over the past four years, the industry has seen a fall of 6%. That means that the gains made between 1997 and 2004, a peak for the industry, has all but disappeared. Companies only sold about 9.6 billion cases of soda last year, while in …read more