PepsiCo reorganizes into 3 units
(Recasts; adds resignation of Dawn Hudson, details, NEW YORK dateline)
NEW YORK, Nov 5 (Reuters) - PepsiCo (PEP.N) announced a restructuring on Monday that will split the food and beverage company into three units -- one for food in the United States, one for U.S. drinks and one for food and drinks abroad.
The world's No. 2 soft drink company behind Coca-Cola Co. (KO.N) currently has two operating segments, one for North America and one for international.
The company also said Dawn Hudson, chief executive and president of Pepsi-Cola North America, is resigning to pursue other opportunities. She will be replaced by Hugh Johnston, who is currently the company's executive vice president of operations.
PepsiCo Americas Foods, which will include Frito-Lay North America, Quaker and the company's Latin American food and snack businesses, will be run by John Compton, the current chief executive of PepsiCo North America.
PepsiCo Americas Beverages, which will include all North American beverage sales including Gatorade and Tropicana, will be run by Massimo d'Amore, a current executive vice president of PepsiCo International.
PepsiCo International will include all business in Britain, Europe, Asia, the Middle East and Africa, and will continue to be run by Mike White.
(Reporting by Martinne Geller, additional reporting by Ankur Relia in Bangalore)
((Editing by Steve Orlofsky; Reuters Messaging: ankur.relia.reuters.com@reuters.net; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800)) Keywords: PEPSICO REORGANIZATION/
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