PepsiCo Elects Edith W. Cooper to Board of Directors

Rhea-AI Summary

On August 5, 2021, PepsiCo (NASDAQ: PEP) announced the election of Edith W. Cooper to its Board of Directors effective September 1, 2021. With over 30 years of experience in management and human capital, Cooper previously served as Executive Vice President at Goldman Sachs. Her addition aims to enhance the board's diversity and financial expertise, aligning with PepsiCo's commitment to growth and shareholder value. Cooper co-founded a professional community in 2020 and sits on various non-profit boards, further enriching her qualifications.

Positive

• Edith W. Cooper brings over 30 years of managerial and financial experience, enhancing the Board's expertise.
• Her appointment strengthens the Board's commitment to diversity, equity, and inclusion.

Negative

• No significant negative aspects identified.

PURCHASE, N.Y., Aug. 5, 2021 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) today announced its Board of Directors has elected Edith W. Cooper as an independent member of the Board. Ms. Cooper, 59, will join the Board and the Audit Committee effective September 1, 2021. She spent over two decades of her career with The Goldman Sachs Group, Inc., most recently serving as Executive Vice President and Global Head, Human Capital Management from 2011 to 2017 and Managing Director and Global Head, Human Capital Management from 2008 to 2011. Ms. Cooper began her career in derivative sales at Morgan Stanley from 1991 to 1996 and Bankers Trust Company from 1986 to 1991.

"We are pleased to welcome Edith as we continue to strengthen PepsiCo's Board with a diverse set of leaders," said PepsiCo Chairman and CEO, Ramon Laguarta. "Her strong background in building and attracting talent will serve PepsiCo well as we bring new capabilities to our team and advance our commitments to diversity, equity and inclusion. PepsiCo will also benefit from Edith's strong financial background through over 30 years of experience in management and sales leadership positions at top organizations."

Ms. Cooper co-founded Medley, a membership-based community for personal and professional growth, in 2020. Ms. Cooper also serves on the board of directors of several non-profit organizations, including the Museum of Modern Art, the Smithsonian National Museum of African American History and Culture and Mount Sinai Hospital.

"Edith will be a valued addition to our Board and we are thrilled to add her perspective and experience," said Robert Pohlad, chair of the Board's Nominating and Corporate Governance Committee. "Edith brings extensive corporate governance prowess and knowledge of the human resources field to our team and will be a powerful voice as we continue to invest to accelerate growth and deliver long-term shareholder value."

About PepsiCo
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $70 billion in net revenue in 2020, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker, Tropicana and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 23 brands that generate more than $1 billion each in estimated annual retail sales.

Guiding PepsiCo is our vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. "Winning with Purpose" reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of our business strategy and brands. For more information, visit www.pepsico.com.

Cautionary Statement
Statements in this release that are "forward-looking statements" are based on currently available information, operating plans and projections about future events and trends. Forward-looking statements inherently involve risks and uncertainties. For information on certain factors that could cause actual events or results to differ materially from our expectations, please see PepsiCo's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. PepsiCo undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

Carrie Ratner
carrie.ratner@pepsico.com

 

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SOURCE PepsiCo, Inc.

FAQ

Who is Edith W. Cooper in relation to PepsiCo?

Edith W. Cooper has been elected as an independent member of PepsiCo's Board of Directors effective September 1, 2021.

What is the significance of Cooper's election to PepsiCo's Board?

Cooper's election is expected to enhance board diversity and financial expertise, which are crucial for advancing PepsiCo's commitments to growth and shareholder value.

What experience does Edith W. Cooper bring to PepsiCo?

Cooper brings over 30 years of experience in management and human capital, having previously served as Executive Vice President at Goldman Sachs.

When will Edith W. Cooper join PepsiCo's Board?

Cooper will officially join the Board of Directors on September 1, 2021.

What professional organizations does Edith W. Cooper serve on?

Cooper serves on the boards of several non-profit organizations, including the Museum of Modern Art and the Smithsonian National Museum of African American History.