SWITZERLAND – American multinational food, snack, and beverage corporation PepsiCo has appointed Katharina Stenholm as senior vice president and chief sustainability officer at PepsiCo Europe.
Stenholm joins PepsiCo from Danone where she held a number of leadership roles in procurement and supply chain having the responsibility of delivering its nature sustainability agenda across the business and into sourcing strategies.
She also worked at SABMiller (now AB InBev) and Polttimo Group prior to her joining the French multinational food group Danone.
Last year the company unveiled PepsiCo Positive (pep+), the company’s end-to-end transformation, which puts sustainability at the heart of the business.
It is anticipated Stenholm will help accelerate the agenda across all parts of the business and bring an integrated approach to sustainability planning across all the functions.
Katharina Stenholm noted:” PepsiCo has long had an aspirational and holistic sustainability agenda. Now with pep+, there is a clear roadmap on how the company can sustainably grow and bring value to the planet and people.
” We’re taking a lot of action internally to deliver on that vision and I will be focusing on how we can embed pep+ into our decision making and partnerships to accelerate our work.”
According to the Motley Fool, PepsiCo has been posting robust growth in recent years, and even though its sales dipped at the beginning of the pandemic, they bounced back relatively quickly, and have been going strong since, posting US$81 billion in trailing 12-month revenue.
The strong performance in 2021 was more than a rebound, and inflation cushioned it further as it has been successful at passing its increased costs on to customers.
PepsiCo posted an excellent first-quarter earnings report in April demonstrating strong growth, which helped it stand out in a volatile market having a total revenue increase of 9.3% year over year in the 2022 first quarter.
Global beverage sales were strong, particularly in Latin America, where sales increased 19%, and where its biggest decline was last year.
It ended the quarter with nearly US$1 billion in positive cash flow and US$6.7 billion in cash and equivalents indicating a stellar performance amid difficulties felt in the market.
Meanwhile, PepsiCo has announced the return of Mtn Dew Typhoon, a tropical punch-flavored soft drink that has not been available in over a decade, according to the company.
It was first released in 2008 and hasn’t been around since a limited release in 2011 and will be released in single 16-ounce cans starting today.
Liked this article? Subscribe to Food Business Africa News, our regular email newsletters with the latest news insights from Africa and the World’s food and agro industry. SUBSCRIBE HERE.