Food-and-bev veteran Chibe named Tropicana CEO [Yahoo! Finance]
PepsiCo, Inc. (PEP)
Last pepsico, inc. earnings: 4/28 06:03 am
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Source: Yahoo! Finance
Chibe, whose appointment takes effect immediately, succeeds Glen Walter, who will stay on as an adviser through to the end of the year. Walter oversaw the company's $3.3bn separation from PepsiCo in 2021, when a majority of the juice and beverages business was sold to private-equity firm PAI Partners while PepsiCo retained a 39% stake. In addition to the namesake brand, Tropicana also markets its products under the Naked, KeVita, and Dole brands. Frédéric Stévenin, co-managing partner at PAI Partners and chairman of the board at Tropicana, said: “We are excited to welcome Paul as Tropicana's new CEO and look forward to working with him to build the company's next chapter of growth and value creation. “Paul's experience driving growth through innovation, adapting to a dynamic consumer landscape and integrating complex operating environments will be impactful at Tropicana. We want to thank Glen for his leadership during Tropicana's transition as a standalone company.” Chibe w
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- PepsiCo (NASDAQ:PEP) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=PEP&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> fromMarketBeat
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PEP
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