Former PepsiCo Finance Professional Lynn Antipas Tyson Rejoins Company from Dell Inc.; Mike Nathenson to Assume New Leadership Role at PepsiCo

PURCHASE, N.Y., June 2 /PRNewswire-FirstCall/ -- PepsiCo, Inc. (NYSE: PEP) today announced that Lynn A. Tyson has joined PepsiCo, as senior vice president, Investor Relations, reporting to chief financial officer Richard Goodman.

Prior to joining PepsiCo, Tyson served as vice president, Investor Relations for Dell Inc., where she was responsible for Dell's relationships with investors and financial analysts, and strategic direction of the Investor Relations function. From 2004 through 2007, she also was responsible for the strategic direction and oversight of all Global Corporate Communications, until that group was moved under Marketing.

Prior to joining Dell in April 2000, Tyson served as vice president of Investor Relations for Tricon Global Restaurants (now YUM! Brands Inc.). Tricon encompassed the worldwide operations of Pizza Hut, KFC and Taco Bell, and was spun off from PepsiCo, Inc. in 1997. Previously, she spent 12 years at PepsiCo, holding various positions in treasury, capital markets and international corporate finance -- covering Latin America -- as well as investor relations, where she assisted in the planning and execution of the spin-off of Tricon from PepsiCo.

"We are very pleased to welcome Lynn back to the PepsiCo family," said Goodman. "She is a highly respected investor relations professional who brings a wealth of experience in finance and communications. Her more than 20-year track record as a leader began at PepsiCo, and we are confident these leadership skills and industry experience will make her a trusted resource for our shareholders."

She is a member of The Executive Leadership Council, a member of the National Black MBA Association and a former board member of the National Investor Relations Institute.

Tyson received a bachelor's degree in psychology from The City College of New York and a master's degree in finance/international business from The Stern School of Business, New York University.

Tyson will be based at the company's headquarters in Purchase, N.Y. She replaces Mike Nathenson, who is transitioning from his role as senior vice president, Investor Relations to play a key role -- partnering with Goodman and the PepsiCo senior management team -- in the proposed acquisition of the company's two anchor bottlers, Pepsi Bottling Group and PepsiAmericas.

"Mike's diverse set of field and corporate experiences over the past 14 years with PepsiCo gives him a deep understanding of our businesses and go-to-market systems, all of which will be extremely valuable in this new assignment," Goodman said. "Most recently as head of Investor Relations, Mike has built strong relationships with our analyst and investor communities - and significantly broadened our outreach to investors around the world. Under his leadership, PepsiCo has again been recognized by Institutional Investor magazine as the Most Shareholder Friendly Company in the beverage sector."

Previously, Nathenson served as vice president, PepsiCo Financial Planning & Analysis, leading the company's annual operating planning, strategic planning, capital expenditure planning, forecasting and business planning processes. Before that, he held a variety of financial positions at Frito-Lay North America and then became chief financial officer of PepsiCo's Australia snacks business.

Nathenson holds a bachelor's degree in Chemical Engineering from Washington University in St. Louis and a master's degree in business administration from Harvard Business School.

"Mike and Lynn will be partnering together to ensure a seamless transition for both of these important roles," said Goodman.

About PepsiCo

PepsiCo (NYSE: PEP) is one of the world's largest food and beverage companies, with 2008 annual revenues of more than $43 billion. The Company employs approximately 198,000 people worldwide, and its products are sold in approximately 200 countries. Its principal businesses include: Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods. The PepsiCo portfolio includes 18 brands that generate $1 billion or more each in annual retail sales. PepsiCo's commitment to sustainable growth, defined as Performance with Purpose, is focused on generating healthy financial returns while giving back to communities the Company serves. This includes meeting consumer needs for a spectrum of convenient foods and beverages, reducing the Company's impact on the environment through water, energy and packaging initiatives, and supporting its employees through a diverse and inclusive culture that recruits and retains world-class talent. PepsiCo is listed on the Dow Jones Sustainability North America Index and the Dow Jones Sustainability World Index. For more information, please visit www.pepsico.com.

SOURCE: PepsiCo, Inc.

Web site: http://www.pepsico.com/