January 12, 2001 |
Quaker Oats Co. Chief Executive Robert Morrison will get a payment of about $19.3 million if he stays at least 18 months after PepsiCo Inc. completes its planned purchase. The payment is in addition to his $1.11-million annual salary. Morrison agreed to remain Quaker Oats' chairman, president and CEO after the acquisition. He also will become co-vice chairman of PepsiCo with Roger Enrico, the soft-drink maker's current chairman and CEO.
December 12, 1990
Pepsico Inc., Purchase, N.Y., said Roger A. Enrico will become chairman of its most profitable division, the Frito-Lay Inc. snack food business. Enrico, a veteran Pepsico executive is now president and chief executive of its worldwide beverage operations. His new appointment is effective Jan. 1. Also effective Jan. 1, the company named Michael H.
March 30, 2000 |
PepsiCo Inc. said that it expects its first-quarter profit to meet estimates because of strong returns from its snack-food unit, but warned that high beverage prices continue to stifle its North American soft drink business.
October 5, 2000 |
PepsiCo Inc. said that Chairman and Chief Executive Roger Enrico, who helped the No. 2 U.S. soft-drink company successfully spin off its restaurant and bottling businesses, will retire by the end of 2002, as the New York-based snack food and soft-drink giant posted better-than-expected third-quarter profit. PepsiCo expects long-term earnings-per-share growth of 12% to 13%, Chief Financial Officer Indra Nooyi said.
May 3, 2001 |
Soft drink, snack and juice giant PepsiCo Inc. said Steven Reinemund was elected chairman and chief executive by the company's board and that Chief Financial Officer Indra Nooyi was given the additional title of president. The executive moves are in line with a transition plan announced last year, which was set to take effect when the company's acquisition of Quaker Oats Co was completed.
September 8, 1999 |
PepsiCo Inc. President Steven Reinemund, longtime leader of the company's Frito-Lay division, is looking more like the heir apparent to head the world's No. 2 beverage maker. Reinemund was given the additional title of chief operating officer Tuesday, and Philip Marineau, who had been considered another possible successor to Chairman and CEO Roger Enrico, announced his resignation. Marineau, president of Pepsi-Cola North American, said he was leaving to head Levi Strauss & Co.