PepsiCo Inc. (PEP), set to announce a turnaround plan next week, is trying to recruit former Wal-Mart Stores Inc. executive Brian Cornell for a key job with the soda and snacks company, according to two people familiar with the discussions.
The position would report directly to Chief Executive Officer Indra Nooyi and would be equivalent in status to a division CEO, the people said.
As reported by Bloomberg / Get the story from – Bloomberg
Cornell’s past engagement with Pepsi: Cornell headed the company’s North America’s Food services division in 2003 and 2004 and before that served as regional president for Pepsi’s European and African beverage business.