PepsiCo announced this week the formation of the Power of One - Americas Council, which brings together its top food and beverage leaders to leverage the combined scale of the company's complementary snack and beverage businesses across North, South and Central America.
The company also announced the creation of the Global Snacks Group (GSG), designed to drive breakthrough innovation across its leading portfolio of global snack food brands.
Both initiatives will be led by John Compton, CEO, PepsiCo Americas Foods, who will also retain responsibility for the company's $22 billion snack and food business in the Americas.
Compton is a highly experienced leader with prior experience as CEO, PepsiCo North America; President and CEO, Quaker Tropicana Gatorade; and Vice Chairman and President of Frito-Lay North America.
The Power of One - Americas Council will ensure full coordination across the food and beverage operating systems, while also unlocking opportunities to create value across the business - from sales, marketing and distribution to back-office operations. The new group will also focus on creating opportunities in complementary food and beverage products in ways that are attractive to retailers and consumers.