PepsiCo Chief Retires

PepsiCo International CEO and PepsiCo vice-chairman Mike White will retire this year, and his role will be split in two.

Zein Abdalla will take over as CEO of PepsiCo Europe and Saad Abdul-Latif will become CEO for Asia, Middle East and Africa.

White has been on the PepsiCo board since March 2006 and CEO since February 2003.

Previously, White was CEO of Fritto-Lay’s Europe/Africa and Middle East division and worked as senior vice-president and CFO of PepsiCo and PepsiCo Foods International.