8-KItem 5.02 · Officer/Director Change
PepsiCo Appoints Johnson & Johnson CEO Joaquin Duato to Its Board
Filed with the SEC on · Summarized by InvestorsBot
PepsiCo elected Joaquin Duato, Johnson & Johnson’s chairman and CEO, as an independent director effective December 1, 2026; he will join the Audit Committee. Under PepsiCo’s director compensation program, Duato will receive 1,000 PepsiCo shares, a prorated equity award valued at $166,667 based on the December 1 closing price, and a $60,000 first semiannual cash retainer payment in June 2027.