New CEO announced for PepsiCo Foods North America

PepsiCo, Inc. has named Steven Williams, most recently senior vice president and chief commercial officer for Frito-Lay’s United States operations, chief executive officer of PepsiCo Foods North America, which includes Frito-Lay North America and Quaker Foods North America. He replaces Vivek Sankaran, who is leaving the company next month to become president and chief executive officer of Albertsons Companies. Williams previously served as vice president for the Eastern division of Frito-Lay and global SVP of PepsiCo’s Walmart business.