PepsiCo Establishes Equity Unit, Names Chief

March 1, 2022
PepsiCo will install a 34-year company veteran in the newly created post of president of multicultural business and equity development.

PepsiCo will install a 34-year company veteran in the newly created post of president of multicultural business and equity development.

Derek Lewis has been promoted from president of PepsiCo Beverages North America's South Division to lead the new Multicultural Business and Equity Development Organization. The new unit will be charged generally with addressing “inequalities for historically excluded people and underserved businesses and communities,” according to a company statement.

The new unit will have both a business and an equity focus. The business focus will pertain to matters including retailer business development in multicultural communities; use of diverse suppliers and partners; and increasing consumer awareness and sales across “multicultural cohorts.” Imperatives on the equity side will include enhancing Pepsi Stronger Together, a community engagement program, and generally elevating PepsiCo’s efforts to be “an employer of choice for diverse cohorts.”

"To take the next step in its Racial Equality Journey, PepsiCo is calling on one of its top executives to lead an organization embedded in the company's two largest businesses with a focus on providing new educational opportunities, building up small businesses and creating rewarding job opportunities in an effort to support underserved businesses and communities," said Kirk Tanner, CEO, PepsiCo Beverages North America.

Sponsored Recommendations

Learn About: Micro Motion™ 4700 Config I/O Coriolis Transmitter

An Advanced Transmitter that Expands Connectivity

Micro Motion™ G-Series Coriolis Flow and Density Meter

Micro Motion G-Series: market-leading compact design featuring advanced process diagnostic capability.

Embracing Sustainability using Advanced Measurement Instrumentation

A practical guide to greeningyour brewing operationsusing advanced measurementinstrumentation.

Get Hands-On Training in Emerson's Interactive Plant Environment

Enhance the training experience and increase retention by training hands-on in Emerson's Interactive Plant Environment. Build skills here so you have them where and when it matters...