PepsiCo (NASDAQ: PEP) updates role of Steven Williams in global leadership

Rhea-AI Filing Summary

PepsiCo, Inc. disclosed an internal leadership transition involving Steven Williams, currently Chief Executive Officer, North America. Effective December 28, 2025, he will move into the role of Executive Vice President & Vice Chairman, Global Chief Commercial Officer & Corporate Affairs. This change shifts his focus from leading the North America business to overseeing global commercial strategy and corporate affairs responsibilities, representing a realignment of senior management roles rather than a departure from the company.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 15, 2025

PepsiCo, Inc.

(Exact name of registrant as specified in its charter)

North Carolina

1-1183

13-1584302

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

700 Anderson Hill Road, Purchase, New York 10577

(Address of principal executive offices and Zip Code)

Registrant’s telephone number, including area code: (914) 253-2000

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Title of each class

Trading Symbols

Name of each exchange on which registered

Common Stock, par value 1-2/3 cents per share

PEP

The Nasdaq Stock Market LLC

2.625% Senior Notes Due 2026

PEP26

The Nasdaq Stock Market LLC

0.750% Senior Notes Due 2027

PEP27

The Nasdaq Stock Market LLC

0.875% Senior Notes Due 2028

PEP28

The Nasdaq Stock Market LLC

0.500% Senior Notes Due 2028

PEP28A

The Nasdaq Stock Market LLC

3.200% Senior Notes Due 2029

PEP29

The Nasdaq Stock Market LLC

1.125% Senior Notes Due 2031

PEP31

The Nasdaq Stock Market LLC

0.400% Senior Notes Due 2032

PEP32

The Nasdaq Stock Market LLC

0.750% Senior Notes Due 2033

PEP33

The Nasdaq Stock Market LLC

3.550% Senior Notes Due 2034

PEP34

The Nasdaq Stock Market LLC

3.450% Senior Notes Due 2037

PEP37

The Nasdaq Stock Market LLC

0.875% Senior Notes Due 2039

PEP39

The Nasdaq Stock Market LLC

1.050% Senior Notes Due 2050

PEP50

The Nasdaq Stock Market LLC

4.050% Senior Notes Due 2055

PEP55

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 15, 2025, PepsiCo, Inc. announced that Steven Williams, Chief Executive Officer, North America, will transition to the role of Executive Vice President & Vice Chairman, Global Chief Commercial Officer & Corporate Affairs, effective December 28, 2025.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

						PEPSICO, INC.
Date:			December 15, 2025			By:			/s/ Cynthia A. Nastanski
						Name:			Cynthia A. Nastanski
						Title:			Senior Vice President, Corporate Law and Deputy Corporate Secretary

FAQ

What executive leadership change did PepsiCo (PEP) disclose?

PepsiCo reported that Steven Williams, currently Chief Executive Officer, North America, will become Executive Vice President & Vice Chairman, Global Chief Commercial Officer & Corporate Affairs.

When will Steven Williams' new role at PepsiCo (PEP) take effect?

Steven Williams' new position as Executive Vice President & Vice Chairman, Global Chief Commercial Officer & Corporate Affairs is effective on December 28, 2025.

What is Steven Williams' current position at PepsiCo (PEP)?

At the time of the disclosure, Steven Williams serves as Chief Executive Officer, North America at PepsiCo.

Is Steven Williams leaving PepsiCo according to this disclosure?

No. The disclosure states that Steven Williams will transition from his role as Chief Executive Officer, North America to a new senior role as Executive Vice President & Vice Chairman, Global Chief Commercial Officer & Corporate Affairs.

What is the main focus of this PepsiCo (PEP) SEC disclosure?

The disclosure focuses on a leadership transition, detailing Steven Williams' move from Chief Executive Officer, North America to Executive Vice President & Vice Chairman, Global Chief Commercial Officer & Corporate Affairs.

Does this PepsiCo (PEP) disclosure describe any changes to its debt or securities listings?

The disclosure lists PepsiCo common stock and several series of senior notes registered on The Nasdaq Stock Market, but the primary new information is the leadership transition involving Steven Williams.