Headquartered in Purchase, New York, PepsiCo Inc. (NYSE: PEP) is one of the world’s largest food and beverage companies, with a market cap of $166.5 billion as of Aug. 6, 2018. The company had over 263,000 employees worldwide as of December 31, 2017.
Incorporated in 1919, the company’s broad portfolio of brands generates more than $1 billion each in annual global retail sales and more than $63 billion in annual net revenue. 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. The top five individual shareholders of PepsiCo are current or former members of the company's senior leadership.
Indra Nooyi joined PepsiCo in 1994 as senior vice president of corporate strategy and development. After holding several other senior positions in management, she was named CEO in 2006 and chairperson in 2007. 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 Brands Inc. (NYSE: YUM), the acquisition of Tropicana and the merger with Quaker Oats and Gatorade. As of March 1, 2018, Indra Nooyi was the largest single shareholder of PepsiCo., with 1.45 million shares. On Aug. 6, 2018, Nooyi stepped down from her executive position, effective October 2018. In early 2019, she stepped down as chairman. She was succeeded by the company's president, Ramon Laguarta.
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. The Pohlad interests include car dealerships, real estate, finance, radio, motion pictures and full ownership of the Minnesota Twins Major League Baseball franchise. Bob was the chairman and CEO of the family’s PepsiAmericas Inc. until PepsiCo acquired the Minnesota bottling company in 2010.
Pohlad oversees the family’s automotive and real estate companies and was appointed as the director of PepsiCo in March 2015. As of March 2018, Bob Pohlad held 1.15 million shares of PepsiCo.
Albert P. Carey
Albert Carey joined PepsiCo in 1981 and is the Chief Executive Officer of PepsiCo North America. Carey held numerous positions within the company such as leading North America Beverages, Frito-Lay North America, and Quaker Foods North America. Carey is on the board of directors of The Home Depot, Inc. (HD) and The Food Marketing Institute and is also on the board of trustees, and the dean's advisory council of the Robert H. Smith School of Business, at the University of Maryland.
According to a March 2018 SEC filing, Carey held 281,804 shares of PepsiCo.
Hugh Johnston has been with PepsiCo since 1987, serving in a number of 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. In a further sign of the company's confidence in Johnston, he was given the additional responsibilities of acting as vice chairman in 2015, overseeing the company’s e-commerce and information technology systems, and strengthening the company’s overall digital presence. According to his latest SEC filing from July 2018, Johnston held 204,503 shares of PepsiCo.
Mr. Greco had been with Pepsico for 30 years when he left and joined Advance Auto Parts, Inc. as its Chief Executive Officer and President in April 2016. Greco served as the Chief Executive Officer and President of Frito-Lay North America, Inc. from September 2011 to March 30, 2016. As of his last SEC filing in March 2016, Greco had 147,922 shares of PepsiCo.