This is news that is a couple of days old, but I didn’t see anyone posting this here, so here’s the link with the news about the appointment of these two company officials. Also, I was hoping to get some thoughts and opinions about this here.
https://progressivegrocer.com/pepsico-appoints-ceos-frito-lay-north-america-beverages
Well someone is going to make the changes that they should have made years ago, remember Nelson Peltz from 2014 ? , Indra and Als “Status quo/head in the Sand “ strategy isn’t cutting it, all they did was delay the day of reckoning...
Think about it folks...Why did Indra step down, abruptly in my opinion. Why is she leaving the board in "Early 2019"? Did you watch her town hall where she was visibly shaken talking about leaving PepsiCo. Now we have Al leaving and I highly doubt it was his idea. I know nothing outside what I just outlined, but I think It will be an interesting albeit sad Q1 2019.
Why backfill? The executives in our company are not terribly busy. Dive out the work and save money. The last thing we need is another $10M man. Hire more supervisors and technicians who actually get the work accomplished.
If there is a split it will be a complete break. Concentrate will go with Beverages. It will not be a sell off of just COBO bottlers like it was in 98.
Agree. Not backfilling Al so they can save more money.
They are just not backfilling Al
Primed for a beverage snack split