PepsiCo Inc.'s (PEP) President, John Compton, is leaving the
global food and beverage giant to become chief executive of
privately held Pilot Flying J, which operates truck stops and
convenience stores.
Mr. Compton, a 30-year Pepsi veteran, will be succeeded by Zein
Abdalla, who is CEO of Pepsi" Europe division.
PepsiCo Chairman and CEO Indra Nooyi said Mr. Compton's move
will take him back to Tennessee, where Pilot Flying J is based. She
said he joined Pepsi at the company's Tennessee Frito-Lay
facility.
Ms. Nooyi credited Mr. Abdalla with doubling revenue in its
Europe business to $14 billion during his tenure; leading the shift
of Pepsi's European portfolio towards the higher-growth markets in
the region; and helping Pepsi become the largest food and beverage
company in Russia.
Enderson Guimaraes, currently the president of Pepsi's global
nutrition business, will succeed Mr. Abdalla as CEO of PepsiCo
Europe. Before joining Pepsi in 2011, his experience includes
heading Electrolux AB's (ELUX-B.SK, ELUXY) major appliances
business in Europe.
PepsiCo shares were up 15 cents, at $71.73 in recent after-hours
trading.
Write to Tess Stynes at Tess.Stynes@dowjones.com
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