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  Pepsico names Executives at new Division

Pepsico, Purchase, NY - 07.07.2002

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PEPSICO NAMES EXECUTIVES AT NEW DIVISION

Dawn Hudson Named President of Pepsi-Cola North America
Jim Dwyer Named President of Tropicana North America
Al Carey Assumes Broadened Role as Chief Operating Officer, PepsiCo Beverages and Foods North America

PURCHASE, NY  (June 7, 2002) – PepsiCo Beverages and Foods North America President and CEO Gary Rodkin today announced top leadership appointments within the new division of PepsiCo, which combines Pepsi-Cola, Gatorade, Tropicana and Quaker Foods in the United States and Canada.

Effective immediately, Dawn Hudson becomes president of Pepsi-Cola North America (PCNA). Having served most recently as senior vice president, strategy and marketing for PCNA, Hudson, 44, is a preeminent marketer with more than 20 years of experience building some of the world's best-known consumer brands. At PCNA, she has led brand strategy and marketing, channel strategy, product innovation, research and development and joint ventures.

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Since 1998, Hudson has been responsible for developing creative advertising, packaging, merchandising and promotional programs which have been highly effective in driving volume growth. Driven largely by innovation, PCNA was the industry’s fastest-growing total beverage company in 2001, outpacing its primary competitor in volume and share gains.

"Dawn is extremely talented, versatile and attuned to the marketplace," said Rodkin. "She understands our customers and consumers, and has developed a tremendous rapport with our bottlers. With Dawn at the helm, PCNA will be in great hands."

Jim Dwyer, 43, has been named president of Tropicana North America. In his previous role as PepsiCo senior vice president of merger integration, Dwyer led worldwide efforts to capture cost and revenue synergies resulting from PepsiCo's acquisition of The Quaker Oats Company.

"Jim understands virtually every aspect of Tropicana and will hit the ground running," said Rodkin. "I look forward to partnering with him again on this truly great business."

Prior to the merger, Dwyer held senior level positions at PepsiCo's Tropicana division. From February 2000 to July 2001, he served as senior vice president, North American Commercial Operations, responsible for planning and delivering volume and volume related profit for Tropicana’s largest business unit.

Dwyer succeeds Brock Leach, who will now lead new special development projects at PepsiCo and report to Chairman and CEO Steve Reinemund. Among other responsibilities, Leach will direct the company’s strategic focus on health and well-being, in partnership with Dr. Ken Cooper, the renowned Cooper Clinic and other experts, to broaden PepsiCo’s offerings of nutritious products and encourage physical fitness.

Al Carey, 50, has been named chief operating officer of PepsiCo Beverages and Foods North America with the sales teams for Quaker, Tropicana and PCNA reporting to him. Carey will oversee all sales, customer strategies and go-to-market initiatives for the combined PCNA, Gatorade, Tropicana and Quaker businesses. He will work closely with the presidents of each of those units. In addition to his new role, Carey will continue to lead "Power of One" initiatives to leverage the combined strength of PepsiCo’s beverage and snack divisions worldwide.

"Al has done a magnificent job realigning PCNA with our bottling system and has been instrumental in our marketplace success over the past two years," said Rodkin. "Leveraging the wealth of experience he’s built during more than 20 years at PepsiCo across these other businesses promises even greater results ahead.

"We're bringing together some of PepsiCo's and Quaker's most capable and accomplished executives," said Rodkin. "With their continuing leadership, I am confident we will build upon the momentum we have established in the marketplace, finding new, more innovative ways to serve our bottlers, distributors, retail customers and consumers."

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More about Hudson
In 1999, Hudson launched Pepsi's popular "Joy of Cola" campaign and guided Pepsi into its largest summer promotion ever, a tie-in with "Star Wars, Episode I – The Phantom Menace." In 2000, she helped revitalize the Pepsi Challenge after a 17-year hiatus. And, in 2001, she launched new "Joy of Pepsi" advertising featuring Britney Spears and oversaw the hugely successful introductions of Mountain Dew Code Red and Pepsi Twist.

Hudson joined PepsiCo in 1996 as executive vice president of sales and marketing for Frito-Lay. She was previously Managing Director at D'Arcy Masius Benton & Bowles in New York. Prior to that, she was a managing partner in the New York/Chicago offices of DDB Needham, where she also was director of account management and integrated marketing. In the early 1980s, Hudson was a partner at TLK in Chicago and a brand manager for Bristol Myers.

More about Dwyer
Dwyer returns to Tropicana, where in addition to being senior vice president North American Commercial Operations, he served as senior vice president and general manager, immediate consumption in 1999 and 2000. In that capacity, Dwyer and his team successfully accelerated growth across Tropicana's U.S. non-grocery and Latin American businesses. From 1995 to 1998, as senior vice president, marketing for Tropicana North America, he helped fuel record growth with effective advertising, new product promotion and line extensions.

Prior to joining PepsiCo, Dwyer was senior vice president of marketing for G. Heileman Brewing Company. He held marketing and sales management positions from 1985 to 1994 for Kraft General Foods, leading to his last position as vice president of marketing and business director for the Cultured Products Group. Dwyer began his career in advertising at Procter & Gamble.

More about Carey
At PCNA, since the 1999 spin-off of company-owned bottling operations into The Pepsi Bottling Group, Carey has played a key role in realigning the sales organization to work more closely and effectively with its bottlers and retail customers. He has overseen all channel development, including small- and large-format, foodservice and a new sales force dedicated to non-carbonated brands, the fastest-growing part of the business. Under his stewardship, PCNA has continued to win new accounts and create significant new business alliances, including United Airlines, Blimpie International, Bob’s Big Boy and several regional fountain accounts.

After seven years in sales at Procter & Gamble, Carey joined Frito-Lay as director of trade development in 1981. Subsequent positions with Frito-Lay included vice president of national sales, vice president/general manager of direct sales and division president of Frito-Lay West. Prior to assuming his current roles with PCNA and PepsiCo, Carey served as chief operating officer of Frito-Lay North America, where he was responsible for day-to-day retail and foodservice operations.

PepsiCo is the world's largest convenient food and beverage company. Its principal businesses include: Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods.


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