Marie T. Gallagher's Retirement from PepsiCo Announced

Details

Gallagher, Senior Vice President and Controller (Principal Accounting Officer), will retire on May 3, 2025. The retirement is not due to any disagreements with PepsiCo. The company reported its financial results for the third quarter and year-to-date 2024 on October 8, 2024, noting a low-single-digit increase in organic revenue and an expectation of at least 8% core constant currency EPS growth for the full year 2024. The press release, attached as Exhibit 99.1, provides detailed financial performance and outlook.

Items reported

Exhibits (1)

About PepsiCo, Inc.

PepsiCo, Inc. is a global food and beverage leader known for its diverse portfolio of iconic brands. With its roots in the beverage industry, PepsiCo's primary function centers around manufacturing and distributing a vast range of soft drinks, including the renowned Pepsi cola. Beyond beverages, the company significantly impacts the food sector, offering well-known snacks through its Frito-Lay division, with products like Lay’s, Doritos, and Cheetos. PepsiCo also operates in segments like Quaker Foods, providing nutritious grains and cereals, and Tropicana Products, offering quality juices. The company's operations span multiple regions, including North America, Europe, Latin America, and the Asia, Middle East, and Africa sectors. PepsiCo stands as a market significant entity due to its extensive distribution networks, innovative product development, and sustainable business practices. Founded in 1965 and headquartered in Purchase, New York, PepsiCo continues to influence the global food and beverage industry, addressing evolving consumer preferences and advancing health and wellness initiatives throughout its product lines.