PepsiCo continued its management shakeup today in a move that is likely paving the way for a successor to embattled CEO Indra Nooyi, reports the AP.The company has been stagnant over the past five years, and lately it has been trying to mix things up internally to get it jump-started. For instance, it completely revamped its marketing wing last year, bringing in big-name hires like Brad Jakeman, former CMO of Blizzard Activision.
This latest move shows that Pepsi is “deepen[ing] its management bench,” says Martinne Geller at Reuters. One of these executives is likely being groomed to be Nooyi’s successor after she steps down or is forced out.
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