Pepsi Names Sales President

PepsiCo (PEP Quote) named Thomas Greco president of sales, succeeding Al Carey, who started running the company's Frito-Lay North America division June 26.

Greco was most recently senior vice president of sales at Frito-Lay North America. His career with PepsiCo started in 1986 at Frito Lay Canada, where he held a variety of positions in sales and marketing and ultimately rose to become a vice president.

"It's an absolute honor to be asked to represent the entire PepsiCo family to our customers and the retailers who support us every day, and to step into the role that Al Carey pioneered and mastered so well," Greco said. "I'm looking forward to building on that legacy of customer service and commitment with my Power of One colleagues and our divisional teams."

Additionally, PepsiCo said Randy Melville will replace Greco as senior VP of sales at Frito-Lay North America. Melville has 11 years of PepsiCo sales experience at Frito-Lay and Pepsi-Cola, and most recently headed sales for Frito-Lay's South division.

Shares of PepsiCo closed Wednesday at $60.27.