PepsiCo emphasises growth “acceleration” with new CFO on board

PepsiCo has today (9 October) emphasised its “portfolio reshaping” efforts for a sequential acceleration in its third-quarter reported growth and a turnaround from the decline in the same period last year. Alongside the results, chairman and CEO Ramon Laguarta welcomed a new CFO in the form of Walmart executive Steve Schmitt, who he said will “play a crucial role as we accelerate growth”. Schmitt is set to join the US-based food and drinks giant on 10 November to replace the retiring Jamie Caulfield, a 3 ...