PepsiCo, Inc. : Paul Finney Named President and CEO of Pepsi Bottling Ventures
January 13, 2012 at 10:44 am EST
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Paul Finney Named President and CEO of Pepsi Bottling
Ventures
RALEIGH, N.C., Jan. 13, 2012 /PRNewswire/ -- Pepsi Bottling
Ventures (PBV), LLC, a joint venture between Suntory
International and PepsiCo, today said that Paul Finney has
been named its President and Chief Executive Officer. He
succeeds Keith Reimer, who retired on December 31st, 2011.
Finney had served as PBV's Senior Vice President, Sales
& Marketing since 2006.
"Paul is an immensely talented and versatile executive
with proven know-how in running a large sales organization,
motivating people and exceeding customer
expectations," said Tsuyoshi Nishizaki, President and
CEO of Suntory International. "In addition to his
knowledge of PepsiCo's bottling system and the diverse
retail channels it serves, we are truly fortunate to have
an executive of Paul's vast skills and experience
taking the reins and steering PBV's strategic
direction. While thanking Keith Reimer for his great
contributions over the years, we anticipate a seamless
leadership transition from Keith to Paul and we look
forward to continued momentum in the marketplace."
"Paul has a clear appreciation of and respect for both
the bottling and franchise sides of the beverage
business," said Al Carey, CEO of PepsiCo Americas
Beverages. "He truly understands the interdependence
of our partnership and is well suited to help us drive
ongoing growth together."
During Finney's six years with PBV, revenue has
increased 41% and PBV has expanded its footprint from five
to eight states.
Prior to joining PBV, Finney spent 17 years with Pepsi-Cola
North America in a variety of roles including Vice
President of Sales at SoBe and Vice President/General
Manager in a variety of locations including Southern
California, Texas, and New York. Before joining Pepsi,
Finney worked for the Nestle Corporation.
Founded in 1943, PBV is the largest privately held bottler
and distributor of Pepsi-Cola products in North America.
PBV operates 27 bottling and distribution facilities,
serving over nine million consumers in parts of North
Carolina, New York, Maryland, Virginia, Delaware, Vermont,
Idaho and South Carolina.
SOURCE Pepsi Bottling Ventures, LLC
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PepsiCo, Inc. is one of the worldwide leaders in producing non-alcoholic beverages and snacks. Net sales break down by area of activity as follows:
- North America (60.8%): sale of beverages (49.7% of net sales; sodas, concentrated juices, water, tea and coffee-based beverages; Aquafina, Diet Mountain Dew, Diet Pepsi, Gatorade, Gatorade Zero, Mountain Dew, Pepsi, Propel brands, etc.), snacks (44.7%; chips, tortillas and pretzels; Lay's, Doritos, Tostitos, Cheetos, Fritos, Ruffles, etc.), and cereals (5.6%; ready-to-eat cereals, rice, wheat, etc.);
- Europe (14.5%): sale of snacks (Cheetos, Chipita, Doritos, Lay's, Ruffles and Walkers brands) and beverages (7UP, Diet Pepsi, Lubimy Sad, Mirinda, Pepsi and Pepsi Max);
- Latin America (12.7%): sales of snacks (Cheetos, Doritos, Emperador, Lay's, Mabel, Marias Gamesa, Ruffles, Sabritas, Saladitas and Tostitos brands) and beverages (7UP, Gatorade, H2oh!, Manzanita Sol, Mirinda, Pepsi, Pepsi Black, San Carlos and Toddy)
- Asia/Pacific/Australia/New Zealand (6.7%): sale of snacks (BaiCaoWei, Cheetos, Doritos, Lay's and Smith's brands), beverages and syrups (7UP, Aquafina, Mirinda, Mountain Dew, Pepsi and Sting);
- Africa/Middle East/South Asia (5.3%): sale of snacks (Chipsy, Doritos, Kurkure, Lay's, Sasko, Spekko and White Star brands) and beverages (7UP, Aquafina, Mirinda, Mountain Dew and Pepsi).
Net sales are distributed geographically as follows: the United States (57%), Mexico (7.7%), Canada (4.1%), Russia (3.9%), China (3%), the United Kingdom (2.1%), Brazil (1.9%), South Africa (1.9%) and other (18.4%).