PepsiCo announces a series of leadership appointments
Hugh Johnston, executive vice president and chief financial officer, is being named vice chairman. He will continue to serve as CFO, as well as oversee the Quaker Foods North America business and PepsiCo's global e-commerce organization.
In addition, he will now have responsibility for the company's global business and information solutions function, which provides information technology systems and solutions across PepsiCo.
Mr. Johnston was named CFO in 2010 and has more than 25 years with PepsiCo. In addition to providing strategic financial leadership as CFO, he is also responsible for the company's global e-commerce organization and its Quaker Foods North America business.
He joined PepsiCo in 1987 and has served in a variety of positions, including executive vice president, global operations; president, Pepsi-Cola North America; senior vice president, transformation; senior vice president and CFO, PepsiCo Beverages and Foods; and senior vice president, mergers and acquisitions.
Mr. Johnston is also a member of the Systemic Risk Council, an independent group of experts committed to addressing regulatory and structural issues relating to systemic financial risk in the United States.
Eugene Willemsen, currently president, PepsiCo Lipton, has been named executive vice president, Global Categories & Franchise Management.
He will be responsible for overseeing the company's global beverages, global snacks and global nutrition groups, as well as its global franchise organization. Mr. Willemsen will also continue to oversee PepsiCo's Lipton relationship.
Mr. Willemsen joined PepsiCo in 1995 and has served as global president and general manager for the PepsiCo Lipton joint venture since 2014. He previously served as president for PepsiCo's Southeast Europe business, overseeing both foods and beverages across 17 countries.
Prior to that, he held a number of senior leadership positions across Europe, including senior vice president, commercial, PepsiCo Europe, and general manager of PepsiCo's Northern European business unit. He is a global leader who has worked in the Netherlands, Switzerland and Turkey.
Brian Newman, currently senior vice president and general manager, Global E-Commerce, has been named executive vice president, Global Operations. He will be responsible for global operations and supply chain, global procurement, productivity, global security, risk management and corporate strategy.
Mr. Newman has held finance and strategy leadership roles spanning many developed and developing markets during more than two decades with PepsiCo.
Prior to being tapped to head PepsiCo's global e-commerce team in 2014, Mr. Newman was senior vice president of corporate strategy.
His previous roles include: chief financial officer and senior vice president of strategy, PepsiCo Greater China Region; treasurer, Pepsi Bottling Group; chief financial officer, PepsiCo Russia; chief financial officer and vice president of strategy, PepsiCo Canada; and vice president, business development, PepsiCo Europe.
Laxman Narasimhan, currently CEO, Latin America Foods, has been named CEO, Latin America.
Mr. Narasimhan was named CEO of PepsiCo Latin America Foods in 2014, responsible for the company's foods businesses in Mexico, Brazil, Central America, South America and the Caribbean. He previously served as senior vice president and chief financial officer of PepsiCo Americas Foods.
Prior to joining PepsiCo, Mr. Narasimhan was a director and head of McKinsey's New Delhi Office. He worked with McKinsey for 19 years, including rotations in Cleveland, Tokyo, Toronto, San Francisco and New Delhi. He also co-led the firm's Global Consumer and Shopper Insights Practice and led McKinsey's research on the emerging market consumer. ■