Pepsico Inc Stock Price, News & Analysis

PepsiCo, Inc. (NASDAQ: PEP) announced the retirement of Roberto Azevedo, Chief Corporate Affairs Officer, effective June 30, 2023. Azevedo will focus on supporting global initiatives for an inclusive and sustainable economy. He played a key role in enhancing PepsiCo's corporate affairs and the pep+ agenda, fostering public-private partnerships.

Following his retirement, Stephen Kehoe will assume the role of Chief Corporate Affairs Officer and Chairman of the PepsiCo Foundation Board, effective May 1, 2023. Kehoe brings over 30 years of experience in communication and public policy, including prior roles at Visa Inc. and Edelman. He returns to PepsiCo where he previously served as Vice President of Communications in Europe and was part of the global communications team.

PepsiCo, Inc. (NASDAQ: PEP) will hold its annual shareholders' meeting virtually on May 3, 2023, at 9 a.m. EDT. Shareholders who held shares as of the record date, March 1, 2023, can participate and vote using a 16-digit control number found in their proxy materials. The meeting will be accessible via this link or through PepsiCo’s website. In 2022, PepsiCo reported over $86 billion in net revenue, driven by a diverse portfolio including well-known brands like Lay's and Gatorade. The company aims to be a leader in sustainable food and beverage solutions under its pep+ initiative, focusing on long-term growth and positive change.

Lay's has launched its first Lay's RePlay soccer field in the U.S. at Cesar Chavez Campesino Park in Santa Ana, California, on April 19, 2023. This initiative is part of the global Lay's RePlay program aimed at creating sustainable soccer fields from disposed Lay's chip bags, with the goal of promoting access to soccer for underserved communities. The field will be made from recycled materials and designed for a 10-year lifespan. Soccer legends Mia Hamm and Javier 'Chicharito' Hernández endorsed the project, highlighting its significance for the Hispanic community, which has been heavily impacted by the COVID-19 pandemic. This new field is the sixth globally and builds on previous efforts by Lay's and the UEFA Foundation for Children, positively impacting over 25,000 uses across multiple countries. PepsiCo, the parent company of Lay's, reported over $86 billion in revenue in 2022.

Frito-Lay North America has made a significant advancement by completing its first-ever third-party shipment using an electric vehicle in partnership with Schneider National. This milestone shipment aims to reduce the company’s Scope 3 emissions, aligning with its goal of achieving net-zero emissions by 2040. The collaboration is expected to reduce emissions by over 70% compared to diesel trucks, equating to eliminating over 180,000 miles driven by gasoline vehicles. The initial routes will be in Southern California, utilizing Schneider's Freightliner eCascadia electric trucks. This initiative is part of Frito-Lay's broader strategy to enhance sustainability in its supply chain, emphasizing the importance of partnerships in achieving environmental goals.

PepsiCo (NASDAQ: PEP) announced on April 12, 2023, that Ronald Schellekens, the Executive Vice President and Chief Human Resources Officer, will retire at the end of the year. Becky Schmitt, formerly with Cognizant, will succeed him as CHRO starting October 1, 2023. With nearly 30 years of HR leadership experience, Schmitt has held executive roles at Walmart and Accenture. Ramon Laguarta, Chairman and CEO, praised Schellekens' contributions to fostering a human-centric organization and enhancing PepsiCo's culture. The company generated over $86 billion in net revenue in 2022, driven by a strong portfolio of popular brands including Lay's, Gatorade, and Pepsi-Cola. PepsiCo's vision focuses on sustainability and human capital through its pep+ strategy.

GENYOUth announced that the Taste of the NFL event raised $1.8 million, benefiting 700 schools and providing 100 million meals to 385,000 students aiming to improve nutrition security. Held on February 11, 2023, in Phoenix, Arizona, the event featured over 30 chefs and NFL legends, emphasizing community engagement against student hunger.

Frito-Lay, Quaker, and the PepsiCo Foundation were prominent sponsors, contributing to GENYOUth's Mission 57 initiative, which will distribute 8.5 million meals across 57 schools and promote physical activity.