PURCHASE, N.Y., Sept. 17, 2026 /PRNewswire/ — PepsiCo, Inc.
(NASDAQ: PEP) today announced its Board of Directors has elected Joaquin
Duato as an independent member of the Board. Mr. Duato, 64, will join
the Board effective December 1, 2026, and will be a member of the Audit
Committee. Mr. Duato currently serves as Chairman and Chief Executive
Officer of Johnson & Johnson, a global healthcare company.
“We look forward to working with Joaquin on the PepsiCo Board,” said
PepsiCo Chairman and CEO Ramon Laguarta. “During his more than three
decades at Johnson & Johnson, he has played a key role in driving
strategic transformation, portfolio optimization and innovation at the
company, leading complex global businesses spanning pharmaceuticals,
consumer health and technology. His broad leadership experience and
perspective will be an important asset to the Board as PepsiCo continues
to evolve its portfolio, invest in growth opportunities and strengthen
its position as a global convenient food and beverage leader.”
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Mr. Duato has served as Chairman of the Board and Chief Executive
Officer of Johnson & Johnson since 2023 and 2022, respectively, and as a
director since 2022. Prior to that, he served as Vice Chairman of the
Executive Committee from 2018 to 2021 and Worldwide Chairman,
Pharmaceuticals from 2011 to 2018. Before these positions, he held
executive positions of increasing responsibility across business sectors
and multiple geographies and functions following his joining Johnson &
Johnson in 1989.
“We are delighted to welcome Joaquin to the PepsiCo Board of
Directors,” said Robert C. Pohlad, Chair of the Board’s Nominating and
Corporate Governance Committee. “Joaquin brings extensive expertise in
overseeing a large global organization operating in highly regulated and
rapidly evolving markets. His experience driving research-based
innovation and portfolio management, together with his deep
understanding of risk oversight and operational resilience, will further
strengthen the Board’s ability to oversee PepsiCo’s evolving portfolio,
support strategic prioritization of growth opportunities and create
sustainable long-term shareholder value.”
About PepsiCo
PepsiCo products are enjoyed by consumers more than one billion times a
day in more than 200 countries and territories around the world. PepsiCo
generated nearly $94 billion in net revenue in 2025, driven by a
complementary beverage and convenient foods portfolio that includes
Lay’s, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and
SodaStream. PepsiCo’s product portfolio includes a wide range of
enjoyable foods and drinks, including many iconic brands that generate
more than $1 billion each in estimated annual retail sales.
Guiding PepsiCo is our vision to Be the Global Leader in Beverages and
Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our
strategic end-to-end transformation that places sustainability at the
center of our business strategy, seeking to drive growth and build a
stronger, more resilient future for PepsiCo and the communities where we
operate. For more information, visit www.pepsico.com
