PepsiCo, Inc. has announced the appointment of James (Jamie) Caulfield as Executive Vice President & Chief Financial Officer of PepsiCo. Hugh Johnston, Vice Chairman and Chief Financial Officer will be leaving the company on 30th November.
Read: September Issue of Food Infotech Magazine.
Johnston will be retiring from PepsiCo after 34 years of incredible and stellar service to the company. Johnston had joined the company in 1987 and assumed the role of Chief Financial Officer in 2010. Over the years, Johnston’s portfolio has included a variety of responsibilities, including President, Pepsi Cola North America, leadership of PepsiCo’s information technology function since 2015, the company’s global e-commerce business from 2015 to 2019 and the Quaker Foods North America division from 2014 to 2016.
As a result of this transition, Jamie Caulfield will succeed Johnston as Executive Vice President, Chief Financial Officer for PepsiCo. Caulfield is currently Senior Vice President, Chief Financial Officer, PepsiCo Foods North America. He has an exemplary track record within PepsiCo, also spanning more than 30 years. During his PepsiCo career, Caulfield held the key position of Senior Vice President, Investor Relations from 2011 to 2019 and has held a succession of roles in Finance across Frito-Lay, FP&A, Investor Relations, Mergers & Acquisitions, Corporate Strategy and Development and North America Beverages, where he was CFO for Canada. In 2019, Caulfield took on his current role as Senior Vice President, Chief Financial Officer, PepsiCo Foods North America and has been instrumental in the stewardship of the growth and transformation of the business.
Commenting on Jamie Caulfield’s appointment, Ramon Laguarta, Chairman and Chief Executive Officer stated – “We are fortunate to have someone of Jamie’s caliber and experience already within PepsiCo today and ready to take on the role. His experience within the company is as deep as it is broad and he has touched all aspects of our business in the last 30 years. The continuity which Jamie will bring to the high-performing Finance function, coupled with his relentless attention to detail and commitment to PepsiCo, is evidence that we have the right person for the job. I could not be more pleased to be announcing Jamie’s appointment today.”
Speaking in relation to Hugh Johnston, Ramon Laguarta continued – “Hugh’s legacy will be with us for decades to come. He has exemplified and epitomized the leadership qualities which PepsiCo has nurtured for generations. Under his financial leadership the company has transformed significantly, and he has been a strong partner to me for many years. I will miss his calm guidance as well as his people-first and empathetic leadership qualities. Hugh goes on to the next stage of his career with all our best wishes.”
Hugh Johnston stated – “PepsiCo has been my home for 34 years. The partnerships and friendships I have created over the years will be lifelong and it has been an extraordinary honor to serve this company, and to work alongside some outstanding leaders, including Ramon. I am grateful to everyone who I have worked with and for the trust which has been placed in me. PepsiCo will always be a very special place