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PepsiCo Announces Management Changes

Chief executive Indra K. Nooyi has announced several management changes. John Compton, who currently runs Frito-Lay and PepsiCo’s other foods business in the Americas, will take the newly created job of president, assuming responsibility for the firm’s global beverage, snack and nutrition groups, as well as its global operations and marketing. Brian Cornell is to return to PepsiCo from Wal-Mart to take over Compton’s current role.

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