PepsiCo announces CFO moves

PepsiCo’s Vice Chairman and Chief Financial Officer, Hugh Johnston, will leave the company on November 30: taking on the position of Chief Financial Officer at The Walt Disney Company.

Johnston retires from PepsiCo after 34 years of ‘incredible and stellar service’ to the company.  He 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, James (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.