date:Feb 21, 2014
such as Frito-Lay.
PepsiCo, like rival Coca-Cola Co, has been battling declining soda sales in developed markets, especially the United States, as health-conscious consumers switch to non-carbonated beverages such as juices and health drinks.
Peltz's letter to PepsiCo's board was first reported by the Wall Street Journal on Wednesday.
Coca-Cola on Thursday announced that Chief Financial Officer Gary Fayard would retire in May after serving the company for more than 20 years.
Fayard will be r