PepsiCo Names New Chief Financial Officer

PepsiCo's Chief Financial Officer Richard Goodman will be succeeded at the end of this month by Hugh Johnston, a 23-year company veteran who currently serves as executive vice president of PepsiCo Global Operations.

 

"It is with very mixed emotions that I am making this announcement because Richard not only has done an excellent job as CFO, but has been a trusted advisor to me and the entire senior management team," says PepsiCo Chairman and CEO Indra Nooyi. "At the same time, I am delighted to have as CFO Hugh Johnston, an extremely talented executive with deep finance and general management experience."

 

Richard has agreed to stay on with PepsiCo in a key role, one that provides him with some well-deserved personal flexibility. He will be executive vice president responsible for business information systems, global procurement, global operations, and post-merger integration. I

 

Goodman has distinguished himself in a range of senior finance and strategy positions, including playing a central role in completing PepsiCo's largest acquisitions in nearly a decade.

 

Since joining PepsiCo in 1987, Hugh Johnston has held M&A, finance and strategy positions in PepsiCo's corporate headquarters as well as finance and general management roles in its North American snack and beverage businesses.