Derek Hill takes helm at Pepsi Bottling Ventures as new chief

Jan. 19, 2022

Pepsi Bottling Ventures LLC, a joint venture of Suntory Group and PepsiCo, named Derek Hill president and chief executive. Hill succeeds Paul Finney, who retired after serving in the top PBV post for a decade. The transition took effect Jan. 1.

"Paul has strategically positioned PBV into the industry-leading bottling company that it is today. He is highly admired and will be greatly missed," Hill said.

The new chief executive spent 30 years in the Pepsi system. Hill joined PBV in 2000 as vice president of corporate planning before assuming the role of chief financial officer in 2008.

As CFO, he reportedly led PBV to record-breaking profits and strategically managed a series of mergers and acquisitions that expanded the company's distribution territory and sales footprint.

Headquartered in Raleigh, NC, PBV is the largest privately held manufacturer and and distributor of PepsiCo products. Its portfolio includes Pepsi-Cola, Dr. Pepper, Starbucks, Lipton Teas, Gatorade, Cheerwine and Orangina, among other drinks.

PBV-owned brands include Nature's Twist, Twisted Punch and Sparkling OH!, which are distributed to 48 states and Canada through its subsidiary Ventures Food & Beverage.

Related

PepsiCo
Pepsi Co Logo Hires
Management

PepsiCo makes 2 senior level appointments to drive growth

Nov. 15, 2021
PepsiCo Inc. said it has appointed Jane Wakely executive vice president, chief consumer and marketing officer, as well as chief growth officer of the company's international foods...
[Image: PRNewsfoto/Pepsi Bottling Ventures LLC]
Pepsi Bottling Ventures Llc Logo
Management

Pepsi Bottling Ventures finalizes acquisition Roxboro bottler

March 25, 2021
Raleigh, NC-based Pepsi Bottling Ventures LLC said that it has completed its acquisition of Pepsi-Cola Roxboro, the franchise bottler based in Roxboro, NC. The acquisition expands...

ID 148232917 © Tang90246 | Dreamstime.com
Photo 88890253 | Acquisition © Encho Enevski | Dreamstime.com
Apex Restaurant & Market Solutions