It has been revealed in a recent report that the huge beverage and food giant PepsiCo is of the view that it is going to put changes in its global structure. In the same wake, they have brought back Brian Cornell for heading its food division, while it has further created a new job for the President of the firm. This is a move for streamlining the many priorities of the firm. The future President of the firm shall bring together and on track the straying global functions of the firm.
Cornell shall also be responsible for the Frito-Lay segment from North America, together with Quaker Oats and many more. The President’s position shall be given to John Compton, who has been replaced by Cornell.
His work shall be to look up the priorities of the firm and regulate action according to the needs of the firm. It shall also bring back the many fragmented functioning segments of the firm and this shall definitely benefit the firm.
“Today marks an important and essential step in PepsiCo's journey to continue to deliver sustainable growth. John and Brian are superb executives and will both contribute enormously in their new roles to ensure that we compete effectively and efficiently in the global marketplace”, said PepsiCo Chairman and CEO Indra K. Nooyi.
These changes have been incorporated in the firm for the effective management of resources and the utilization of the same to the maximum levels. This needs to be done to regulate the demand and supply of the market and help the firm be at the supremacy it has been for a long time. With the current completion in the market, these steps were essential to pull through the tough times.