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PURCHASE, N.Y. -- PepsiCo here said yesterday that it appointed Albert P. Carey president and c.e.o. of its Frito-Lay North America division, replacing Irene Rosenfeld, who has moved to Kraft as its c.e.o.
Carey will lead the $10 billion snack and convenient foods business effective immediately, reporting to PepsiCo chairman and c.e.o. Steve Reinemund. Frito-Lay is PepsiCo's most profitable operating division, and the company's largest North American business.
"Al Carey is recognized industrywide for his command not only of PepsiCo's businesses and our strong go-to-market capabilities, but for his passionate commitment to our customers and the consumers they serve, and the thousands of associates who bring PepsiCo to them every day," said Reinemund.
Carey, 54, is a 25-year veteran of PepsiCo, with nearly 20 years at Frito Lay. He most recently served as the president of PepsiCo sales and the corporation's chief customer officer. In the latter role he was the architect of PepsiCo's successful "Power of One" cross-divisional strategy, leveraging the combined strengths and capabilities of all of its businesses under a unified approach to customers.
Carey's replacement as president of PepsiCo sales will be named soon, the company said.