Tropicana appoints former Pabst leader as CEO [Yahoo! Finance]
PepsiCo, Inc. (PEP)
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Source: Yahoo! Finance
Tropicana Brands Group has named Paul Chibe as CEO , tapping the former Pabst leader to turn around sales as the orange juice maker battles financial difficulties and fruit shortages. Chibe succeeds Glen Walter, who will stay with the company in an advisory role through the end of the year. Walter led Tropicana Brands Group through its $3.3 billion spinoff from PepsiCo . Investment firm PAI Partners owns the majority of Tropicana, with PepsiCo maintaining a 39% controlling stake in the brands. Chibe's appointment is effective immediately. His career includes stints across the CPG space, most recently as CEO of privately held Pabst Brewing Company, where he was credited with driving significant growth, according to the release. He also worked as president and CEO of Ferrero North America, where he expanded the confectionery company's presence across North America, according to a release. Prior to that, he was U.S. chief marketing officer of Anheuser-Busch InBev, where he launche
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