“Even in a macroeconomic environment that continues to be challenging, we believe we’ve achieved top-tier performance among leading consumer staple companies,” said PepsiCo chairman and CEO Indra Nooyi. “This reflects our steadfast commitment to managing both the short-term and long-term, by driving balanced growth across our portfolio while making the right strategic investments.”
The company also announced the creation of a new Global Nutrition Group to allow PepsiCo to deliver breakthrough innovation in the areas of fruits and vegetables, grains, dairy and functional nutrition.
Based in Chicago, it will be run by PepsiCo’s chief scientific officer Dr Mehmood Khan, who has been named CEO of the new group and retains responsibility for the company’s research and development organisation.
Source: PepsiCo
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