Good morning. PepsiCo is overhauling its beverage portfolio—refueling interest in drinks like Gatorade—and named a new finance chief.
On Thursday, the beverage giant (No. 45 on the Fortune 500) announced that Steve Schmitt will join as EVP and CFO effective Nov. 10. Schmitt, a Walmart veteran, currently serves as EVP and CFO for Walmart U.S., overseeing the finance function for its multibillion-dollar omnichannel organization. Schmitt joins at a trying time with activist investor Elliott Management pushing for major change within the company.
Schmitt joined Walmart in 2016, holding leadership positions across e-commerce, club, and mass businesses, and previously worked at Yum! Brands and UPS. At PepsiCo, Schmitt succeeds Jamie Caulfield, who will retire next year after more than 30 years at PepsiCo, but will stay on as an advisor through May 15.
PepsiCo CEO Ramon Laguarta highlighted Schmitt’s expertise in complex supply chains, ada
We współpracy z: https://fortune.com/2025/10/10/pepsico-taps-walmart-veteran-cfo-bets-big-beverage-revamp/
