<p>Upon his retirement, White would also step down from his seat on the PepsiCo Board of Directors, keeping with the company's practice, PepsiCo said in a statement.<br />Regarding White's upcoming retirement plan, PepsiCo Chairman and CEO Indra Nooyi said "close to a year ago, Mike shared with me his interest in eventually moving on to 'the next chapter' of his life."<br /><br />"Since then we have been working together to ensure a smooth and orderly transition. Our current international structure reflects that planning, so we're well prepared for this change," Nooyi added.<br /><br />In order to ensure a smooth transition, White will continue to look after the integration of Pepsi Bottling Group and PepsiAmericas into into PepsiCo over the coming months.<br />He would also retain the responsibility for the corporate functions of procurement and information technology, as well as for the global concentrate operations function.<br />Meanwhile, PepsiCo's component businesses would continue to be managed by two <br />executives — Zein Abdalla and Saad Abdul- Latif — both would report to Indra Nooyi. <br /><br />While, Abdalla, would become the CEO of PepsiCo Europe, Abdul-Latif, would be the CEO of PepsiCo Asia, Middle East, Africa.<br /><br />White joined PepsiCo in 1990 as VP of planning for FLNA and has also held senior positions, including CFO of Frito-Lay North America, EVP and CFO of Frito-Lay International, CFO of Pepsi-Cola Company worldwide and CFO of PepsiCo.<br />"It would be difficult to overstate Mike's contribution to PepsiCo over two decades," Nooyi said, adding that "Mike's PepsiCo career has been nothing short of remarkable".<br />Announcing his upcoming retirement White said: "I am deeply honoured to have been a part of PepsiCo for so many years. It has been a great privilege to be a part of the company's growth and success and to work alongside so many outstanding people."</p>
<p>Upon his retirement, White would also step down from his seat on the PepsiCo Board of Directors, keeping with the company's practice, PepsiCo said in a statement.<br />Regarding White's upcoming retirement plan, PepsiCo Chairman and CEO Indra Nooyi said "close to a year ago, Mike shared with me his interest in eventually moving on to 'the next chapter' of his life."<br /><br />"Since then we have been working together to ensure a smooth and orderly transition. Our current international structure reflects that planning, so we're well prepared for this change," Nooyi added.<br /><br />In order to ensure a smooth transition, White will continue to look after the integration of Pepsi Bottling Group and PepsiAmericas into into PepsiCo over the coming months.<br />He would also retain the responsibility for the corporate functions of procurement and information technology, as well as for the global concentrate operations function.<br />Meanwhile, PepsiCo's component businesses would continue to be managed by two <br />executives — Zein Abdalla and Saad Abdul- Latif — both would report to Indra Nooyi. <br /><br />While, Abdalla, would become the CEO of PepsiCo Europe, Abdul-Latif, would be the CEO of PepsiCo Asia, Middle East, Africa.<br /><br />White joined PepsiCo in 1990 as VP of planning for FLNA and has also held senior positions, including CFO of Frito-Lay North America, EVP and CFO of Frito-Lay International, CFO of Pepsi-Cola Company worldwide and CFO of PepsiCo.<br />"It would be difficult to overstate Mike's contribution to PepsiCo over two decades," Nooyi said, adding that "Mike's PepsiCo career has been nothing short of remarkable".<br />Announcing his upcoming retirement White said: "I am deeply honoured to have been a part of PepsiCo for so many years. It has been a great privilege to be a part of the company's growth and success and to work alongside so many outstanding people."</p>