PepsiCo Taps Walmart Executive as New CFO

PepsiCo logged higher revenue in its fiscal third quarter, though profit slipped as volumes fell. - David Paul Morris/Bloomberg News PepsiCo is shaking up its finance chief ranks as the company looks to turn around slowing snack and soda sales and contends with an activist investor pushing for changes. Steve Schmitt, a Walmart executive, will step in as chief financial officer on Nov. 10, succeeding PepsiCo insider Jamie Caulfield, who plans to retire after more than three decades at the company. Schmitt ...