PepsiCo, Inc. (PEP) is currently trading at approximately $150.36, with a slight decrease of 0.19%, as the company reveals a significant leadership shift aimed at enhancing its global operational effectiveness. This restructuring comes as part of PepsiCo”s strategic objective to accelerate growth and adapt to evolving market dynamics.
The company”s notable changes include the appointment of Steven Williams, who has been the CEO of PepsiCo North America, to the newly created role of Executive Vice President & Vice Chairman, Global Chief Commercial Officer & Corporate Affairs, effective December 28, 2025. This move underscores PepsiCo”s strategy to centralize its global sales efforts while improving engagement with stakeholders across various regions.
In his new capacity, Williams will prioritize the development of a cohesive global selling organization and spearhead initiatives for PepsiCo”s away-from-home business strategy—a key area for growth as demand surges in foodservice and hospitality sectors. His responsibilities will also encompass corporate affairs, situating him at the forefront of regulatory and public engagement in critical markets.
With Williams transitioning into this global role, Ram Krishnan will take over as CEO of PepsiCo North America on the same date. Krishnan has a proven record in leading the U.S. Beverages sector and is expected to further drive innovation and operational integration between foods and beverages, creating added value for consumers and partners.
Additionally, several key appointments have been announced within Krishnan”s organization, including Rachel Ferdinando as CEO of the U.S. Foods Category and Mike Del Pozzo being elevated to President of the U.S. Beverages Category, joining the PepsiCo Executive Committee. Gregg Roden will continue to oversee the North America Supply Chain, while Bryan Santee assumes the role of Chief Commercial Officer, U.S.
Beyond North America, PepsiCo has also introduced changes in its Latin American operations. Athina Kanioura has been appointed CEO of Latin America Foods, while retaining her position as Chief Strategy & Transformation Officer. She will succeed Paula Santilli, who is set to retire following a distinguished 35-year tenure at the company and will assist in the transition until July.
These leadership transitions come during a year characterized by unified operations in North America, increased brand investments, and enhancements in manufacturing and distribution systems. PepsiCo asserts that this new organizational structure is designed to allow the company to respond more adeptly to shifting consumer preferences.
In terms of market performance, PepsiCo”s stock has not kept pace with broader market trends. As of December 15, 2025, shares of PEP have increased by 2.86% year-to-date, a stark contrast to the S&P 500″s 15.98% rise. Over the past year, PepsiCo”s stock has declined by 0.99%, while the S&P 500 has risen by 12.73%. The company has also posted a return of -7.88% over the past three years and -21.21% across five years, compared to significant gains by the S&P 500 during the same periods.
This underperformance highlights the critical need for effective execution of PepsiCo”s growth and transformation initiatives. For investors, these leadership changes represent a renewed commitment to unlocking potential growth across various markets and distribution channels. While the company maintains strong cash flows and robust brand equity, stakeholders will be keenly observing if these changes yield improved revenue growth and enhanced returns for shareholders in the future.
