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PepsiCo's businesses in these regions, as of 2015, contributed 10 percent to the company's net revenue worldwide. [66] In 1992, the Pepsi Number Fever marketing campaign in the Philippines accidentally distributed 800,000 winning bottle caps for a 1 million peso grand prize, leading to riots and the deaths of five people. [96]
Nooyi joined PepsiCo in 1994, and was named CEO in 2006, [22] replacing Steven Reinemund, becoming the fifth CEO in PepsiCo's 44-year history. [23] She started as PepsiCo's senior vice president for strategic planning from 1994 until 1996, then became senior vice president for corporate strategy and development from 1996 until 2000.
In 1983, the Philippine operations became a branch of PepsiCo's New York office - PepsiCo, Inc. (Philippine branch) - and operated until 1985. Between 1985 and 1989, Pepsi-Cola Distributors of the Philippines, Inc. , a group identified with Filipino businessmen Ernest Escaler and Eduardo Cojuangco Jr. , took over the Philippine franchise.
She stepped down from the CEO role in 2018 and retired from PepsiCo’s board in 2019, after 24 years with the company. At the 2019 Fortune Most Powerful Women conference, Nooyi was asked for her ...
On April 20, 2009, PepsiCo offered to buy the remaining portion of PepsiAmericas, at an offer of $23.27 – or $11.64 plus 0.223 PepsiCo shares – in exchange for each PepsiAmericas share. [1] In August 2009, PepsiCo also made an offer for Pepsi Bottling Group , the world's largest bottler of Pepsi-Cola products.
PepsiCo said Wednesday it plans to close four U.S. bottling plants and lay off nearly 400 workers as part of its efforts to streamline its operations. PepsiCo confirmed that closure earlier this week.
PepsiCo said Tuesday that it’s buying Mexican American food company Siete Foods for $1.2 billion, marking the company’s first food acquisition in roughly five years.. Like many food companies ...
It was listed on the Johannesburg Stock Exchange ("JSE") in 2008 under the ticker PFG and delisted in 2020 following the acquisition by PepsiCo. [ 4 ] In 2010 Pioneer Foods was fined R195 million by the South African Competition Commission for colluding with other bread producers to raise the price of bread by between 30c and 35c per loaf in 2007.