CNBC Global CFO Council

PepsiCo taps Hugh Johnston as vice chairman

PepsiCo said Wednesday Chief Financial Officer Hugh Johnston will be named to the added position of vice chairman.

Johnston, a 25-year veteran with the food and beverage giant, was named finance chief in 2010. In addition to that role, he's also responsible for the company's global e-commerce organization and its Quaker Foods North America business.

In the vice chairman role, Johnston will also take on oversight of its information technology systems and work to strengthen the company's digital capabilities.

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The move follows PepsiCo's appointment of Mehmood Khan, executive vice president and chief science officer, to vice chairman earlier this year. Khan's role focuses on the company's global sustainability efforts.

Hugh Johnson
Source: PepsiCo

CEO Indra Nooyi has previously identified both Pepsi's digital efforts and its sustainability practices as key drivers of its business in the future.

"Today's appointments enable us to continue to elevate our next generation of talent to increasing levels of responsibility," Nooyi said in a press release. "This is essential to ensure our ability to better navigate complex operating conditions around the world and meet the changing needs of our business in the future."

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In addition to Johnston's appointment several other executive changes were made.

Eugene Willemsen, 47 years old, is currently president, PepsiCo Lipton, and has been named executive vice president, global categories and franchise management.

Brian Newman, 46 years old, is currently senior vice president and general manager, global e-commerce. Newman has been named executive vice president, global operations.

Laxman Narasimhan, 48 years old, was named CEO of Latin America. He previously was chief executive, Latin America Foods. Narasimhan's appointment is tied to a realignment of PepsiCo's reportable segments, which will begin in the third quarter, and put the division more in line with how it reports its other international segments.

PepsiCo Americas Beverages will be renamed as North America Beverages, led by CEO Al Carey.

Enderson Guimaraes, who previously had responsibility for many of the areas now overseen by Willemsen and Newman, will be leaving the company.