PepsiCo Names Tim Cost EVP, Global Corporate Affairs

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Nov 16, 2010, 08:30 ET

PURCHASE, N.Y., Nov. 16, 2010 /PRNewswire-FirstCall/ -- PepsiCo today announced the appointment of Timothy P. Cost to the newly created position of executive vice president, global corporate affairs effective December 1.

Cost, who will report to PepsiCo Chairman and CEO Indra Nooyi, will be responsible for strengthening and protecting PepsiCo's corporate reputation and strategically aligning its communications, public policy, foundation, investor relations, global health and agricultural policy and regulatory agendas.

"As the role of corporations in society continues to evolve, it is critical that we be very thoughtful, strategic and consistent in how we reach out to our many different stakeholders," said PepsiCo Chairman and CEO Indra Nooyi. "Tim is a very talented leader whose depth and breadth of experience will help us take a holistic view of our external relations and forge strong, productive and mutually beneficial relationships, consistent with our global commitment to Performance with Purpose."

Cost has nearly 30 years of experience in corporate affairs and investor relations, including executive positions at several of the world's leading companies. He joins PepsiCo from APCO Worldwide, a public affairs and strategic communications firm, where he was executive vice president.

Prior to joining APCO he served as senior vice president, corporate affairs, for Wyeth, the $22-billion global health-care company acquired last year by Pfizer. At Wyeth he had global responsibility for internal and external communications, government affairs, public policy, alliance and advocacy leadership, corporate contributions, crisis management, investor relations and corporate responsibility.

Earlier in his career he was executive vice president, corporate affairs at ARAMARK and senior vice president, corporate affairs at Pharmacia Corporation, a global pharmaceutical company that was acquired by Pfizer in 2003. He also spent six years at Bristol-Myers Squibb, leading investor relations and competitive intelligence activities, and was senior vice president, communications and strategy for biotechnology company Centocor, Inc., which is now part of Johnson & Johnson. He began his career with Eastman Kodak Company working in marketing, strategic planning, communication and investor relations.

He holds a bachelor's degree from Jacksonville University and a master of business administration degree in finance and economics from the William E. Simon Graduate School of Business at the University of Rochester.

To download an image of Tim Cost, visit http://multimedia.pepsico.com.

About PepsiCo

PepsiCo offers the world's largest portfolio of billion-dollar food and beverage brands, including 19 different product lines that each generates more than $1 billion in annual retail sales. Our main businesses -- Frito-Lay, Quaker, Pepsi-Cola, Tropicana and Gatorade -- also make hundreds of other nourishing, tasty foods and drinks that bring joy to our consumers in more than 200 countries. With annualized revenues of nearly $60 billion, PepsiCo's people are united by our unique commitment to sustainable growth, called "Performance with Purpose." By dedicating ourselves to offering a broad array of choices for healthy, convenient and fun nourishment, reducing our environmental impact, and fostering a diverse and inclusive workplace culture, PepsiCo balances strong financial returns with giving back to our communities worldwide. For more information, visit: www.pepsico.com

SOURCE PepsiCo