Appointment

PepsiCo elects Dave Lewis to Board of Directors

| Business function | PepsiCo, Inc. | Purchase, NY | United States

PepsiCo, Inc. announced its Board of Directors has elected Dave Lewis as an independent member of the Board. Lewis, 55, will join the Board effective November 13, 2020, and will be a member of the Audit Committee.

"We look forward to working with Dave on the PepsiCo Board and to his unique, global perspective on consumer centricity, retail strategy, operations, and supply chain management for consumer-facing brands," said PepsiCo Chairman and CEO, Ramon Laguarta. "He is a purpose-driven leader focused on outcomes and we will benefit from his innovative thinking."

Lewis previously served as Group Chief Executive Officer of UK-based multinational groceries and general merchandise retailer Tesco PLC.   Before Tesco, Lewis worked at Unilever PLC for almost three decades, including in a variety of leadership roles in Europe, Asia and the Americas, including most recently as President, Personal Care; President, Americas; and Chairman, United Kingdom and Ireland. Lewis currently serves as the Chair of the Board of Trustees for World Wildlife Fund-UK and has previously served as Chair of Champions 12.3, a coalition dedicated to accelerating progress towards the UN Sustainable Development Goals target of halving global food waste by 2030.

"We welcome Dave to the PepsiCo Board of Directors," said Daniel Vasella, Chair of the Board's Nominating and Corporate Governance Committee. "His significant leadership experience in our industry in both retail and consumer-packaged goods will be valuable to us as we continue to invest to drive sustainable long-term growth and shareholder value."

Lewis commented: "I am thrilled to join the Board of PepsiCo at such a dynamic time for the consumer-packaged goods industry. PepsiCo is known not only for its terrific portfolio of brands, but also for its efforts to support communities and build a more sustainable food system. I look forward to working with the entire Board and management team to support and advance the company's strategy to become a Faster, Stronger, Better organization."

www.pepsico.com






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