PepsiCo President John Compton Resigns, Zein Abdalla Named President

"Enderson has an extensive track record of business leadership and results in Europe, and I'm confident he will do a stellar job in his new role," Nooyi said. "PepsiCo has an excellent business and a strong, experienced team in Europe, and I'm looking forward to returning to Europe, where I have spent much of my career," said Guimaraes. "It's a large market which is going through tremendous change at the moment and PepsiCo's portfolio is uniquely positioned to be successful there."

Guimaraes' Global Nutrition Group successor will be named shortly. Abdalla and Guimaraes will report to Nooyi. The following key senior operating executive positions remain unchanged in reporting to Nooyi: Saad Abdul-Latif, CEO of PepsiCo Asia, Middle East & Africa (AMEA); Al Carey, CEO of PepsiCo Americas Beverages; Brian Cornell, CEO of PepsiCo Americas Foods; Hugh Johnston, executive vice president, CFO; and Mehmood Khan, chief scientific officer for global R&D.

The personnel changes announced are effective immediately.