Market News

PepsiCo Reorganizes Structure

PepsiCo businesses in Canada are moving to a realigned organizational structure to strengthen the company?s current leadership position and drive future growth. Frito Lay Canada and Pepsi-QTG Canada, are reorganizing into two new operating units to align with the rest of the Americas. PepsiCo Americas Foods Canada (PAFC) will include Frito Lay Canada and the Quaker Foods & Snacks business. Marc Guay, currently president of Frito Lay Canada and a 22-year company veteran, will become president of PAFC. PepsiCo Americas Beverages Canada (PABC) will include Pepsi-Cola Canada, Gatorade and Tropicana. Stacy Reichert, currently president of Pepsi-QTG Canada and an 18-year PepsiCo executive, will become President of PABC. Source: Canadian Grocer E-Newsletter, October 24, 2008