June 11, 1997 |
PepsiCo Inc. on Tuesday took another step toward spinning off its $11-billion restaurant business by appointing new presidents at the Taco Bell, KFC and Pizza Hut chains. The appointments came one day after the soft drink and snack food giant named the chairman and vice chairman of the restaurant company that will be spun off to shareholders later this year.
December 27, 1990 |
Buy a soft drink, help a school. Budget's tight, call a cola company. That is the thinking behind the unusual partnership between the nation's leading beverage companies and many parents and principals. In Moodus, Conn., the entire town is collecting Pepsi caps to save the dilapidated Nathan Hale-Ray High School. In the first three weeks, children saved 20,000 caps. At a nickel apiece, the caps won't cover $9 million in expenses, but the fund-raising drive has raised hopes.
July 24, 1985
Pepsico Inc. said its second-quarter net income came to $256 million, compared to a loss of $42.5 million resulting from a restructuring in the same period a year earlier. Revenue for the three-month period ended June 15 rose 7% to $1.94 billion from $1.82 billion, the company said. The Purchase, N.Y.-based concern said it had strong operating earnings growth of 29% in both the second quarter and in the first half of the year.
May 8, 1986
Pepsico Inc. said Wednesday that D. Wayne Calloway has been named chairman of the board and chief executive, succeeding Donald M. Kendall, who has retired from those posts. Kendall, 65, will serve as chairman of the executive committee. He was a co-founder of Pepsico in 1965 and was its chief executive from the start. Calloway, 50, a 19-year veteran of the company, had been president and chief operating officer since January, 1985.
May 9, 1986
Donald M. Kendall, chairman and chief executive of Pepsico Inc., has been elected a director of Lorimar-Telepictures Corp., Culver City.
March 30, 1999
Pepsi Bottling Group Inc., the bottling unit of Pepsico Inc., and two Internet companies, Priceline.com Inc. and Ziff-Davis Inc.'s ZDNet online business unit, plan initial stock sales.
November 4, 2008 |
PepsiCo Inc. plans to invest $1 billion in China in the next four years to increase production in the world's most populous nation. The company also intends to boost local research and development, launch products, expand its sales force and build its brand in China.