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8-K - FORM 8-K - PEPSICO INC | y92059e8vk.htm |
EX-3.2 - EX-3.2 - PEPSICO INC | y92059exv3w2.htm |
EX-99.2 - EX-99.2 - PEPSICO INC | y92059exv99w2.htm |
EXHIBIT 99.1
Purchase, New York Telephone: 914-253-2000 www.pepsico.com |
PEPSICO ANNOUNCES ELECTION OF ALBERTO WEISSER
TO ITS BOARD OF DIRECTORS
TO ITS BOARD OF DIRECTORS
PURCHASE,
N.Y., July 20, 2011 PepsiCo (NYSE: PEP) today announced the election of Alberto
Weisser to its Board of Directors, following a board meeting. Mr. Weisser will join the Board
effective September 14, 2011.
Mr. Weisser, 56, is Chairman and Chief Executive Officer of Bunge Limited, a global food, commodity
and agribusiness company, a position he has held since 1999. Mr. Weisser served as Bunges chief
financial officer from 1993 to 1999. Mr. Weisser is a member of
the Board of Directors of
International Paper Company, the Council of the Americas and Rabobanks North American Agribusiness
Advisory Board. He also is a member of The Council on Foreign Relations.
Alberto brings to the PepsiCo Board a deep
understanding of the opportunities and issues inherent in the global food business, said PepsiCo
Chairman and CEO Indra K. Nooyi. Under his leadership, Bunge has delivered strong business
results, expanded in key emerging markets and maximized operating efficiencies throughout its global organization.
Alberto understands commodity markets extremely well; which is a
key skill in helping us continue to achieve sustained growth.
Prior to joining Bunge, Mr. Weisser worked for the BASF Group for 15 years in Brazil, Germany, the
United States and Mexico.
Mr. Weisser received his bachelors degree in Business Administration from the University of Sao
Paulo, Brazil, and attended INSEADs Management Development Program.
The election of Mr. Weisser to PepsiCos Board will bring the total number of directors to 13, and
the total number of independent outside directors to 12. In addition, PepsiCos Board includes one
inside director, Ms. Nooyi.
About PepsiCo
PepsiCo offers the worlds largest portfolio of billion-dollar food and beverage brands, including
19 different product lines that generate more than $1 billion in annual retail sales each. Our main
businesses Quaker, Tropicana, Gatorade, Frito-Lay, and Pepsi Cola also make hundreds of other
enjoyable foods and beverages that are respected household names throughout the world. With net
revenues of approximately $60 billion, PepsiCos people are united by our unique commitment to
sustainable growth by investing in a healthier future for people and our planet, which we believe
also means a more successful future for PepsiCo. We call this commitment Performance with Purpose:
PepsiCos promise to provide a wide range of foods and beverages for local tastes; to find
innovative ways to minimize our impact on the environment, including by conserving energy and water
usage, and reducing packaging volume; to provide a great workplace for our associates; and to
respect, support, and invest in the local communities where we operate. For more information,
please visit www.pepsico.com.
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