James Caulfield will be taking on the role of executive vice president and chief financial officer following its current vice chairman and CFO, Hugh Johnston, planned departure later this month.
Caulfield who is currently senior vice president, chief financial officer for PepsiCo Foods North America has held a number of roles during this 30+ years at the company.
He previously served as senior vice president, investor relations from 2011 for eight years, as well as holding several roles in finance across Frito-Lay, before assuming his current position in 2019.
Ramon Laguarta, chairman and chief executive officer spoke highly of Caulfield, as he expressed fortunate in the company having someone of Caulfield’s calibre and experience already within PepsiCo.
"His experience within the company is as deep as it is broad and he has touched all aspects of our business in the last 30 years,” he added.
“The continuity which Jamie will bring to the high-performing finance function, coupled with his relentless attention to detail and commitment to PepsiCo, is evidence that we have the right person for the job. “
Meanwhile, after 34 years, Johnston will be leaving PepsiCo for a role as CFO at The Walt Disney Company.
Laguarta continued: "Hugh's legacy will be with us for decades to come. He has exemplified and epitomised the leadership qualities which PepsiCo has nurtured for generations. Under his financial leadership the company has transformed significantly, and he has been a strong partner to me for many years. I will miss his calm guidance as well as his people-first and empathetic leadership qualities. Hugh goes on to the next stage of his career with all our best wishes."