PepsiCo Inc. is in line to get its first female chief executive before the end of the year. Steven S. Reinemund, chairman and CEO of the U.S. soft drink and snack food giant, announced his retirement via press relase effective in May, 2007. Reinemund, 58, said he was leaving to spend more time with his family. Some on Wall Street were suprised by Reinemund's retirement announcement, according to news reports. Monday, the stock (ticker:PEP) closed up $0.62 at $63.95 per share on the NYSE.
PepsiCo Inc. is in line to get its first female chief executive before the end of the year. Steven S. Reinemund, chairman and CEO of the U.S. soft drink and snack food giant, announced his retirement via press release effective in May, 2007. Reinemund, 58, said he was leaving to spend more time with his family. Some on Wall Street were surprised by Reinemund's retirement announcement, according to news reports. Monday, the stock (ticker:PEP) closed up $0.62 at $63.95 per share on the NYSE.
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