Pepsico creates Global Snacks Group

PepsiCo has announced the creation of the Global Snacks Group (GSG), designed to drive innovation across its leading portfolio of global snack food brands.

It will be led by John Compton, CEO, PepsiCo Americas Foods, who will also retain responsibility for the company’s $22 billion snack and food business in the Americas.

The Global Snacks Group will focus on developing a coordinated approach to the company’s global brand portfolio, creating and delivering snacks innovation and promoting best practice-sharing around the world.

“The creation of the Global Snacks Group and Power is a critical components of our long-term strategy to strengthen and extend our global leadership position in snacks and leverage the power of our combined food and beverage businesses,” says Compton. “We believe these new initiatives will help us extend our advantage around the world.”

This decision to create GSG advances the company’s multi-year strategy to establish global platforms for marketing, branding and innovation. Previously, PepsiCo had announced the creation of the Global Nutrition Group and the Global Beverages Group.