PepsiCo Appointed James Caulfield As Executive Vice President And CFO; Succeeds Hugh Johnston Effective Nov. 30
Portfolio Pulse from Benzinga Newsdesk
PepsiCo, Inc. (NASDAQ: PEP) announced that its CFO, Hugh Johnston, will be leaving the company on November 30. He will be succeeded by James Caulfield, currently Senior Vice President, CFO, PepsiCo Foods North America. Johnston, who has been with PepsiCo for 34 years, will join The Walt Disney Company as CFO following his departure.
November 06, 2023 | 2:05 pm
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PepsiCo's CFO, Hugh Johnston, is leaving the company and will be succeeded by James Caulfield. Johnston will join Disney as CFO.
CFO changes can have a significant impact on a company's financial strategy and investor confidence. However, given that the successor is an internal appointment with a strong track record, the impact on PepsiCo's stock is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100