PepsiCo new management
PepsiCo Inc. (NYSE: PEP) announced today (Monday) it's aligning a new management structure to solidify a growth plan for its stock and future earnings.
The company named John Compton, current CEO of the company's American Foods division, as president of PepsiCo. The position was newly created to prep someone to eventually take over for current chief executive Indra Nooyi.
The new management shake-up also named Brian Cornell, who recently ran the Sam's Club unit of Wal-Mart Stores (NYSE: WMT), as Compton's American Foods replacement.