Major Leadership Shakeup at PepsiCo
After a 30-year career at PepsiCo, Tom Greco, CEO of Frito-Lay North America (FLNA), has left the company. In the official release, PepsiCo also details other senior executive changes within the company.
“Tom has been a strong and valued leader inside PepsiCo for more than three decades, and has made lasting contributions to our business. He is leaving PepsiCo to pursue his long-standing career goal of being CEO of a company outside our industry. He leaves FLNA in great shape. We thank him for his service and wish him nothing but the best as he begins a new chapter in his career,” said PepsiCo Chairman and CEO Indra Nooyi.
Greco has since been named the CEO and director of Advance Auto Parts, according to Street Insider.
Nooyi says, “PepsiCo's deep bench of world-class leaders and our top-notch talent development capabilities allow us to elevate our next generation of talent into bigger roles.”
Al Carey, CEO, North America Beverages (NAB), has been promoted to CEO, North America. This move brings PepsiCo’s three North American businesses (NAB, FLNA, and Quaker Foods North America) under a single leader.
Kirk Tanner, Chief Operating Officer (COO), NAB and president, Global Foodservice, has been promoted to President and COO, NAB. In the new position, Tanner will lead all aspects of the company’s beverage business in North America.
Vivek Sankaran, COO, FLNA, has been promoted to president and COO, FLNA, and will now lead all aspects of PepsiCo’s Frito-Lay snacks business in North America.