PURCHASE, N.Y. — Eric Foss, chief executive officer of one of PepsiCo’s major operating divisions will retire Dec. 9, according to the company.
Foss has led the Pepsi Beverages Co., which represents 75% of PepsiCo’s beverage business in the U.S., Canada and Mexico, since February 2010, when he joined PepsiCo to facilitate the integration with its North American bottling operations.
Albert Carey has been named chief executive officer of PepsiCo Americas Beverages, effective immediately. He will assume responsibility for all aspects of the beverage businesses in the Americas.
Carey most recently served as president and CEO of Frito-Lay North America, leading the snack and convenient foods segment since June 2006.
“Al’s highly collaborative leadership style, deep knowledge of our beverage businesses in North America and his past leadership of our ‘Power of One’ strategy make him the right choice to lead this flagship business,” said Indra Nooyi, chairman and CEO of PepsiCo, in a statement.
Massimo d’Amore, who has been leading PepsiCo Beverages Americas, will retain responsibility for the North American Gatorade and Tropicana businesses as well as the Latin American beverage businesses and report to Carey.
Succeeding Carey as president of Frito-Lay America is Tom Grego who most recently served as executive vice president and chief commercial officer for Pepsi Beverages Company.