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Disney names Hugh Johnston as CFO: All about the PepsiCo veteran taking the top financial role
Walt Disney named PepsiCo. veteran Hugh Johnston as its chief financial officer, boosting top boss Bob Iger's hands as he seeks to turn around the media behemoth, which is struggling with a drop in its cable business and investor pressure.
Disney names PepsiCo veteran Hugh Johnston as CFO
Walt Disney has appointed Hugh Johnston, a PepsiCo veteran, as its new chief financial officer (CFO). Johnston, who serves on the boards of Microsoft and HCA Healthcare, will join Disney on December 4.
Colgate-Palmolive bumps up annual sales, profit forecasts on strong pricing
Consumer goods company, Colgate-Palmolive, has raised its annual forecast for organic sales and profits, citing resilient demand for its pet products and self-care. The company increased its prices to tackle wage pressures and steep costs of raw materials and packaging.
Pepsi debuts new logo after 15 years; Twitter reacts
Pepsi has launched a new version of its logo, which is the sixth redesign since the brand's inception in 1898. The new logo will first be available on products in North America this fall, when it will also mark Pepsi's 125th anniversary. Globally, the logo will be distributed by 2024. The design features the name 'Pepsi' at the center of a globe and has drawn mixed reactions online. The new logo is part of Pepsi's plan to promote its zero sugar line, which the company sees as a focal point for future growth.
What's the buzz! Honey can help people with diabetes & high cholesterol, says study
The research was carried out by a team based in the University of Toronto,
Age is just a number! For Ann Mukherjee, Pernod Ricard exec, 50s bring a renewed sense of maturity, professional vigour
The alcobev boss shared a reflective post about growing older and gaining rich experiences along the way.
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Laxman Narasimhan is the new Starbucks CEO; Here's a list of Indian-origin leaders in global companies
With this appointment, Narasimhan joins a growing list of Indian-origin CEOs at the helm of US-based global giants, including Microsoft CEO Satya Nadella, Adobe CEO Shantanu Narayen, Alphabet CEO Sundar Pichai and Twitter head Parag Agrawal. Indra Nooyi had served as PepsiCo's CEO for 12 years before stepping down in 2018.
PepsiCo lifts sales forecast on firm demand for pricier snacks, sodas
Packaged food makers have so far felt little impact of decades-high inflation on consumer demand, especially in the United States, as people prioritize spending on eating at home rather than at restaurants.
Reckitt kicks off $10 billion infant nutrition biz sale
The London-listed company, which sells brands including Enfamil formula, sent out marketing materials to potential buyers this month, the people said. Reckitt could seek as much as $10 billion for the unit, according to the people, who asked not to be identified because the information is private.
Coca-Cola to buy remaining stake in sports drink maker BodyArmor for $5.6 billion
The deal, which values BodyArmor at about $6.59 billion, comes as a shift in strategy for Coca-Cola, which spent the last year offloading or discontinuing brands to focus on its core sodas during the pandemic.
Breaking the zero-sum game: Indra Nooyi on 'capturing and leaving the crown'
"This zero-sum game for women when it comes to work or family achievements is pernicious. It's important for men, in particular, to see that this holds us all back. Why not just let women soar in every part of life? Why not celebrate what we do well when we do it?" exclaimed Nooyi.
PepsiCo vows to cut soda sugar levels by 25% in EU by 2025
As part of its push, the company aims to reformulate products using low-calorie sweeteners, launch healthy snacks like its popcorn line PopWorks and take low-fat brands including the Lay's Oven Baked range to new markets.
Coca-Cola to sell soda in 100% recycled plastic in US
The initial items will be introduced this month in a group of states that includes California and Florida, for items such as Coke and Diet Coke in 13.2-ounce bottles made from 100 percent recycled plastic.
'Something very historical': Push for diverse Biden Cabinet
O.J. Semans is one of dozens of tribal officials and voting activists around the country pushing selection of Rep. Deb Haaland, a New Mexico Democrat and member of the Pueblo of Laguna, to become the first Native American secretary of interior.
Coca-Cola signals recovery after "most challenging" quarter due to COVID-led closure
Coca-Cola Co said on Tuesday demand for its sodas was improving after reporting a 28% slump in sales in one of its "most challenging" quarters of the year due to coronavirus-led closures of restaurants, theaters and sports venues.
Modi urges global CEOs to leverage Startup India platforms for solutions on global challenges
The CEOs briefly outlined their specific plans in India and put forth recommendations to aid India's development efforts.
Lot of fuel still left in my tank, want to do something different with life: Indra Nooyi
Chennai-born Indra Nooyi broke the glass ceiling in corporate America when she was named CEO of the global beverage giant PepsiCo in 2006 and inspired many others to aspire for success acheived by her.
Indra Nooyi says time to shift priorities to my family, rules out joining politics
Nooyi said in the interview that she did not yet know what she wanted to do next, but added that she would not be running for office.
I ran two legs of a relay race: Indra Nooyi on her 12 years as PepsiCo boss
Nooyi is the first foreign-born CEO of Pepsi and the first woman to lead the chips-and-soda behemoth.
Can Pepsi regain youngistan?
PepsiCo India revenues are at a five-year low, consumers aren’t taking to sugary drinks and there’s an onslaught of smaller regional competitors.
Pepsi gets a boost from Lays as soda struggles
PepsiCo's net income rose to $1.34 billion, or 94 cents per share, in the first quarter ended March 24.
PepsiCo India repositions Tropicana; Katrina Kaif to endorse brand
Apart from focussing on smaller cities, rest of urban (RoU) and rural market expansion, the company is also looking at packaging innovations to enhance reach of the brand.
PepsiCo open to refranchising: Indra Nooyi
ET had reported last week that RJ Corp, PepsiCo’s biggest bottler in South Asia, is keen on acquiring additional franchising rights of the beverage maker in India.
PepsiCo rejigs top deck, Mike Spanos to head Asia operations
Chadha will become chairman of the region. Ram Krishnan, currently senior V-P and general manager of the global PepsiCo Walmart business, will become president, greater China region succeeding Spanos.
Reckitt Benckiser elevates India MD Nitish Kapoor to global leadership role
Kapoor, who led the India operations for four years and was also RB’s senior vice-president for South Asia, will now head the company’s health business in North America.
Al Carey to oversee PepsiCo's North American beverage and snack businesses
PepsiCo promoted executive Al Carey to a new position overseeing all three of its North American beverage and snack businesses.
2016 will be good for consumers as commodity downturn will continue: David Maclennan, Chairman, Cargill
Global commodities major Cargill Inc’s chairman David MacLennan says India’s business climate has become more friendly.
Arpita Maitra, a runner with some ultra fizz
Scratch marks on my arms haven’t gone yet. These are from brushing past thorny forest plantation. My mother still doesn’t know this.”
PepsiCo elevates its executives as CEO bench strength dwindles
While none of the execes is yet seen as a successor to Nooyi, the co is trying to replenish its talent pool after a number of high-level departures.Load More
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