PepsiCo appoints Cesar Conde to its Board as Independent Director

– USA, NY – PepsiCo, Inc. (NYSE: PEP) today announced that its Board of Directors has elected Cesar Conde as an independent member of the Board, effective March 4, 2016.

Mr. Conde, 42, currently serves as Chairman of NBCUniversal International Group and NBCUniversal Telemundo Enterprises. He also serves on the Executive Committee of NBCUniversal.

“Cesar is a strong global executive with an impressive track record spanning business, finance and media,” said PepsiCo Chairman and CEO Indra Nooyi. “He will provide fresh thinking on today’s consumer and media landscapes, and his unique insights will be particularly valuable as we continue to build new digital marketing capabilities and adapt to changing demographics around the world.”

Conde joined NBCUniversal in 2013 as Executive Vice President, overseeing NBCUniversal International and NBCUniversal Digital Enterprises until 2015. Prior to NBCUniversal, he spent 10 years in a variety of senior executive positions at Univision Networks, which he helped transform into a leading global, multi-platform media brand. Conde served as President of Univision Networks from 2009 to 2013.

Prior to Univision, Conde served as the White House Fellow for Secretary of State Colin L. Powell from 2002–2003. Previously, he worked at StarMedia Network, the first internet company focused on Spanish- and Portuguese-speaking audiences globally, and in the Mergers & Acquisitions Group at Salomon Smith Barney.

“We welcome Cesar to the PepsiCo Board of Directors,” said Ian Cook, Presiding Director. “His experience and expertise will further strengthen the Board as we continue pursuing strategies that create shareholder value and drive sustainable long-term growth.”

Conde currently serves on the board of Owens Corning. Conde is also a Trustee of both the Aspen Institute and the Paley Center for Media. He is a Full Member at the Council on Foreign Relations and a Young Global Leader for the World Economic Forum. He sits on the board of the Foundation for Excellence in Education and the White House Initiative on Educational Excellence for Hispanics.

He holds a B.A. with honors from Harvard University and an M.B.A. from the Wharton School at the University of Pennsylvania.

About PepsiCo

PepsiCo products are enjoyed by consumers one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $63 billion in net revenue in 2015, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo’s product portfolio includes a wide range of enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail sales.

At the heart of PepsiCo is Performance with Purpose – our goal to deliver top-tier financial performance while creating sustainable growth and shareholder value. In practice, Performance with Purpose means providing a wide range of foods and beverages from treats to healthy eats; finding innovative ways to minimize our impact on the environment and reduce our operating costs; providing a safe and inclusive workplace for our employees globally; and respecting, supporting and investing in the local communities where we operate.

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