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Pepsi may be looking for new CEO, Nooyi expected to step down

Posted on Monday, March 12th, 2012 at 5:19 pm    

PepsiCo may be in the process of looking for a new CEO after analysts suspect that current CEO Indra Nooyi will step down amid investor discontent.

The second-largest soda maker has rehired Brian Cornell, a former executive, as CEO of PepsiCo Americas Foods, which includes businesses Frito-Lay and Quaker. Cornell is the former CEO of Wal-Mart Stores’ Sam’s Club and Michael’s, as well as executive vice president of Safeway. Before leaving Pepsi in 2004, he was the president of its Tropicana brand.

Cornell is taking over the position of John Compton, who has been named president and will now go on to oversee Pepsi’s global operations and marketing.

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