Sunday, 20 September 2009 at 09:45, Reuters, Chicago
Soft drink maker Pepsico Inc said on Saturday that Michael White, vice chairman and PepsiCo International chief executive, would retire later this year after nearly 20 years with the company.
White will also leave his seat on the PepsiCo board of directors when he retires, which is the company's practice. The component businesses of PepsiCo International will be managed by Zein Abdalla, who becomes CEO of PepsiCo Europe, and Saad Abdul-Latif, who becomes CEO of PepsiCo Asia, Middle East, Africa. Both will report to PepsiCo CEO Indra Nooyi. White joined the company in 1990 and has held several senior positions, including CFO of Frito-Lay North America.
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