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PepsiCo announces executive changes

PURCHASE, N.Y. — PepsiCo announced that its current president is resigning from his post.

The company said John Compton, a 30-year company veteran, will be leaving PepsiCo to serve as CEO of Pilot Flying J Oil, a chain of truck stops in the United States and Canada. Replacing Compton is PepsiCo Europe CEO Zein Abdalla. Abdalla will be responsible for overseeing PepsiCo's global category groups (global beverages, global snacks and global nutrition), global operations (IT, global procurement, supply chain and productivity), global marketing services and corporate strategy. Working with the geographic business units, Abdalla's team will drive innovation and brand building while significantly reducing the overall cost structure of the company.

Replacing Abdalla as PepsiCo Europe CEO is Enderson Guimaraes, who has served as president of PepsiCo's global nutrition group since 2011. Guimaraes' replacement will be announced in the coming weeks.

The personnel changes announced are effective immediately. Abdalla will be based in Purchase, N.Y.; Guimaraes will be based in Geneva.