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PepsiCo names Walmart veteran Steve Schmitt CFO Nov. 10, 2025, to lead during financial challenges.
PepsiCo has named Steve Schmitt, former CFO of Walmart U.S., as its new chief financial officer, effective November 10, 2025, succeeding retiring CFO Jamie Caulfield.
Schmitt, 52, brings experience in finance, supply chains, and digital transformation from roles at Walmart, Yum!
Brands, and UPS.
The appointment comes as PepsiCo faces declining North American sales, inflation, and pressure from activist investor Elliott Investment Management, which has pushed for portfolio streamlining and bottler refranchising.
Despite a 2.7% revenue increase in the third quarter to $23.94 billion, profit dipped to $2.6 billion.
The company reaffirmed its full-year outlook, emphasizing cost cuts and growth in international markets.
PepsiCo nombra al veterano de Walmart, Steve Schmitt, CFO el 10 de noviembre de 2025, para liderar durante los desafíos financieros.