PURCHASE, N.Y., Feb. 7, 2014 /PRNewswire/ -- PepsiCo, Inc. (NYSE: PEP) today announced the election of Rona Fairhead to its Board of Directors. Mrs. Fairhead will join the Board and the Audit Committee effective March 13, 2014.
Mrs. Fairhead, 52, brings almost 30 years of experience in finance and global business to the PepsiCo Board. She served as chairman and chief executive officer of the Financial Times Group, a division of Pearson plc, from 2006 to 2013. She previously served as Pearson's chief financial officer from 2002 to 2006.
Prior to joining Pearson, Mrs. Fairhead held a variety of leadership positions at Bombardier Inc., in the Aerospace division, and at Imperial Chemical Industries plc, a specialty chemicals company, where she ultimately served as executive vice president of strategy and group financial control."I am pleased to welcome Rona to the PepsiCo Board of Directors," said PepsiCo Chairman and CEO Indra Nooyi. "Rona is a proven business leader with global experience spanning multiple industries and deep expertise in finance and general management. She will be a valuable addition to the PepsiCo Board as we continue to execute our strategy for delivering sustainable long-term growth." Mrs. Fairhead was named a Commander of the Order of the British Empire in 2012 and was appointed a British Business Ambassador in 2014. She is a member of the United Kingdom Government's Cabinet Office, supporting the Prime Minister to ensure effective development, coordination, and implantation of policy and operations across all government departments. She currently serves on the Board of Directors of HSBC Holdings plc and chairs the Board of HSBC North America Holdings. She is also on the Board of the Economist Group. The election of Mrs. Fairhead will bring the total number of directors on the Board to 14, and the total number of independent outside directors to 13. PepsiCo's Board includes one inside director, Ms. Nooyi.