PepsiCo shakes up global structure

(Reuters) - PepsiCo Inc said on Monday it was changing its global structure, bringing back a former executive to head its food division in the Americas and creating the new job of president, a role to integrate PepsiCo's sprawling global operations.

PepsiCo tapped Brian Cornell, who most recently was CEO of Sam's Club, part of Wal-Mart Stores Inc , to become CEO of PepsiCo Americas Foods. He will also be responsible for Frito-Lay North America, Quaker oatmeal and others.

Cornell replaces John Compton, who will take up the newly created job of president of PepsiCo and oversee global operations and look for ways to reduced PepsiCo's costs.

(Reporting By Phil Wahba in New York and Mihir Dalal in Bangalore; EDiting by Maureen Bavdek)

Source: http://news.yahoo.com/pepsico-shakes-global-structure-113006335.html

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