Core Viewpoint - PepsiCo is restructuring its senior executive team to enhance growth and performance in response to pressure from activist investor Elliott Investment Management [1][4]. Group 1: Executive Changes - Steven Williams has been appointed as vice chairman and global chief commercial officer, focusing on a unified selling organization and global growth strategy for the away-from-home business [2][3]. - Ram Krishnan has been promoted to CEO of the wider North American business, tasked with integrating food and drinks operations [3]. - Mike Del Pozzo has transitioned to president of PepsiCo's US beverage business from his previous role as president of PepsiCo North America [3]. - Athina Kanioura has been appointed CEO of the Latin America Foods business unit while retaining her role as chief strategy and transformation officer [3]. Group 2: Strategic Initiatives - PepsiCo's organizational changes aim to capture new growth opportunities and respond to Elliott Investment Management's engagement [4]. - The company plans to cut nearly 20% of its SKUs in the US early in the new year as part of its strategy [4]. - PepsiCo is aggressively reducing operating costs and improving operational excellence to support investments in advertising, marketing, and consumer value [5]. - The company intends to adopt a targeted approach on affordable price tiers by brand and channel to stimulate growth and enhance purchase frequency of mainstream brands [5].