Four days after Richard Fisher stepped down as president of the Dallas Federal Reserve, Pepsi announced Monday that he has been elected to its board.
"Richard brings to our Board a deep knowledge of financial matters and a breadth of global experience and expertise in international trade and regulatory matters," Pepsi Chairman and CEO Indra Nooyi said in a statement.
Fisher, considered by many to be a policy hawk, was elected to the company's board of directors after heading the Dallas Fed for about 10 years. He officially stepped down from his position at the bank on Thursday.
Read More Fisher sees correction risk as traders grow 'lazy'
Pepsi's stock was up more than 1 percent before Monday's open. Click here to see what the company's stock is doing now.