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PepsiCo Inc. has appointed its new chief corporate affairs officer who will succeed Roberto Azevedo, who is set to retire in June. The New York-headquartered snack and beverage company named Stephen Kehoe as Azevedo’s successor in the said role.
PepsiCo stated that Kehoe would also serve as chairman of the PepsiCo Foundation. Prior to these appointments, the new chief corporate affairs officer served as the Asia Pacific president and chief executive officer at Edelman, a communications company. This was a job role that Kehoe had held since July 2019.
He also worked at Visa for more than seven years, and before this, he has been the vice president of government affairs and communications of PepsiCo Europe. For the company’s global operations, Kehoe held the senior vice president of communications, government affairs and public policy as well.
With these positions, Kehoe is apparently just returning to PepsiCo after leaving the firm for several years. Overall, he was with the Pepsi drink manufacturer for six years.
“As a result of Roberto's retirement, Stephen Kehoe has been appointed as PepsiCo's incoming Chief Corporate Affairs Officer and Chairman of the PepsiCo Foundation Board, effective May 1,” PepsiCo stated in a press release. “He brings more than 30 years of experience in communications, public policy, government affairs and social impact including previous roles at Visa Inc. and Edelman.”
Kehoe will be directly reporting to PepsiCo’s chairman and chief executive officer, Ramon Laguarta. As he returns to the company, he will become a member of the executive committee, and Azevedo is expected to help with the change of leadership before he officially steps down.
Meanwhile, PR Week reported that PepsiCo’s posted a revenue amounting to $17.85 billion for the first quarter of this year. This figure showed a 10.2% increase compared to the previous year in the same period. The firm’s net income was $1.93 billion against the Q1 2022 results of $4.26 billion.
