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When did Nooyi become CEO?
After holding several other senior positions in management, she was named CEO in 2006 and chairperson in 2007. 5. Nooyi restructured the company as part of her strategy to become much more than a soda company. She orchestrated the divestiture of its restaurants into Yum!
Who is Bob Pohlad?
Bob Pohlad, along with his brothers Jim and Bill, owns and manages a diversified group of over 30 Minneapolis-based businesses and belongs to one of the richest families in Minnesota.
What are the most recognizable brands?
Some of the world’s most recognizable and successful brands, such as Quaker, Tropicana, Gatorade, Frito-Lay, and Pepsi-Cola, comprise the company’s main business. 4 Five of the top individual shareholders of PepsiCo are current or former members of the company’s senior leadership.
Who is Indra Nooyi?
Indra Nooyi joined PepsiCo in 1994 as senior vice president of strategic planning. After holding several other senior positions in management, she was named CEO in 2006 and chairperson in 2007. 5. Nooyi restructured the company as part of her strategy to become much more than a soda company.
Who is Hugh Johnston?
Hugh Johnston has been with PepsiCo since 1987, serving in several leadership roles, such as the executive vice president. He was named chief financial officer (CFO) in 2010 and leads the company’s financial strategy, capital structure, and forecasting models.
Gatorade
Gatorade was famously invented by a team of scientists at the University of Florida for its Florida Gators athletes. The drink came front and center when the UF football team won the Orange Bowl two years later, Gatorade in hand.
Quaker Oats
Quaker Oats is a unique brand for Pepsi, as it is the only food brand the company has in its portfolios that is not a form of chip. Quaker Oats was formed in 1992 from the merger of four oat mills and purchased by PepsiCo for $13.4 billion in 2001.
Fritos
The deep-fried corn chip was created in 1932 by Charles Elmer Doolin, but the recipe was not entirely his own. Doolin found a vendor selling fried corn chips in San Antonio and asked them for the recipe. He then took it to his own kitchen and tweaked the recipe with his mother, and thus the Frito corn chip was born.
Cheetos
Created by the same person that invented Fritos, Cheetos came to be in 1948. Charles Elmer Doolin did not have the means to nationally produce Cheetos, so he partnered with Lay’s. It was the success of Cheetos in the following years that led to the merger between the Frito and Lay corporations to become the modern conglomerate Frito-Lay.
Pepsi
The company’s namesake, Pepsi-Cola was actually first sold as “Brad’s Soda” as far back as 1893. The soda was created by Caleb Bradham in North Carolina, and in 1898, he renamed his soda Pepsi-Cola, coming from the digestive enzyme pepsin and the kola nut which was used in the original recipe.
Diet Pepsi
Diet Pepsi was actually the first diet cola drink distributed nationally in the United States, released in 1964. Although its rival Diet Coke is also well-known, Diet Coke did not get released until 18 years later in 1982, making Diet Pepsi the original.
Starbucks Ready To Drink
Ever seen a chilled Starbucks drink at your local gas station? That’s Pepsi’s doing. The two drink behemoths decided to partner up in 1994 to distribute ready-to-drink beverages in North America and then internationally in 2007.
When did PepsiCo start?
But what most people don’t know is that the company’s expansion goes far beyond beverages—a strategy that began in 1965. That year, PepsiCo was born out of a merger between Pepsi-Cola and snack-food company Frito-Lay. Since then, it’s grown into a global leader, providing packaged foods, snacks, and beverages with a market capitalization …
Is Frito Lay owned by Pepsi?
Under PepsiCo’s ownership during the past 55 years, Frito-Lay has grown dramatically in size to become Pepsi’s biggest profit producer by far. In fiscal year (FY) 2019, Frito-Lay North America accounted for 45% of operating profit, more than double any other division.
Who is Matthew Johnston?
He is an expert on company news, market news, political news, trading news, investing, and the economy.
Where is Peggy James?
He teaches macroeconomics at St. Stephen’s University. Peggy James is a CPA with 8 years of experience in corporate accounting and finance who currently works at a private university. PepsiCo ( PEP) is best known for its ubiquitous carbonated cola beverage, Pepsi, and its rivalry with Coca-Cola. ( KO ).
What company bought Rockstar Energy?
Pepsi continues to add to that list. In March 2020, the company announced plans to acquire Rockstar Energy for $3.85 billion. The acquisition is part of a strategic pivot toward the energy-drink market as soda consumption in the U.S. wanes. 4.
When did Pepsi buy Tropicana?
In 2001, Pepsi acquired Quaker Oats for $13.8 billion. Pepsi purchased Tropicana in 1998 in what was its largest acquisition to date. The company went into a joint venture with Sabra Dipping Company in 2008. The financial terms of Pepsi’s 2007 acquisition of Naked Juice were not disclosed.
When did Frito Lay merge with Pepsi?
Frito-Lay was the product of a 1961 merger between the manufacturer of Fritos corn chips and the snack-food delivery company started by Herman W. Lay. Four years later, the company merged with Pepsi-Cola to form PepsiCo. From that day, Pepsi would be known as more than just a beverage company. 7 .
What is PepsiCo known for?
While PepsiCo is primarily known for its sugary soft drinks, the corporation also produces bottled water brands Aquafina and LIFEWTR. First introduced in Wichita, Kansas in 1994, Aquafina has held the title of America’s best-selling bottled water brand for years.
Who owns hummus?
America’s No. 1 hummus brand is co-owned by PepsiCo and Israel-based food manufacturer Strauss Group, which distributes coffee, snack and dairy products. Sabra is by far the biggest player in the U.S., controlling 60% of the country’s hummus market.
What is Quaker Oats?
Quaker Oats. Quaker Oats. Many countries took a while to warm up to oats at breakfast time. An influential dictionary from the 1700s dismissed them as “a grain, which in England is generally given to horses, but in Scotland supports the people.”.
When did Tropicana oranges start?
Tropicana started in 1947, when Sicilian immigrant Anthony Rossi began distributing fresh oranges in Florida. By 1970, Rossi had pioneered new processes for pasteurization and transportation of juice, making it possible to easily ship the product to the rest of the country.
Where is Tropicana juice made?
Today, Tropicana is undoubtedly one of the biggest juice brands in the world. Its processing plant in Florida squeezes 48 million oranges per day into 2.5 millions cartons of juice, ABC News reported in 2017. PepsiCo bought Tropicana in 1998 for a reported $3.3 billion. 16.
Who gave away pita bread?
In the late ’90s, Stacy Madison and her partner used to give away leftover scraps of pita bread to customers waiting in line at their food cart in Boston. The chips quickly took on a life of their own.
When was gatorade invented?
Gatorade was developed by a team of university physicians for the Florida Gators back in 1965 . It’s now the official sports drink of the NFL, but you’ll find plenty of ordinary office workers grabbing a bottle to refuel their electrolytes.