PepsiCo elects J&J CEO Joaquin Duato to board, effective Dec 1, 2026

PEPSICO INC

Duato, 64, to join as independent director and serve on Audit Committee starting Dec 1, 2026.
He has been Johnson & Johnson Chairman since 2023 and CEO since 2022; director since 2022.
Receives 1,000 PepsiCo shares plus prorated phantom stock units (approx. $166,667 value at 12/1/26 close).
Annual cash retainer begins with $60,000 semi-annual payment in June 2027.

item 5.02

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Appointed

Joaquin Duato

independent member of the Board

PEP · PEPSICO INC

Effective: 2026-12-01
Filed: September 17, 2026, 5:10 PM ET

On September 17, 2026, the Board of Directors (the “Board”) of PepsiCo, Inc. (“PepsiCo”) elected Joaquin Duato as an independent member of the Board, effective December 1, 2026.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Joaquin Duato was elected as independent member of the Board at PEPSICO INC.

Action: elected
Role: independent member of the Board

Exact text from the filing

On September 17, 2026, the Board of Directors (the “Board”) of PepsiCo, Inc. (“PepsiCo”) elected Joaquin Duato as an independent member of the Board, effective December 1, 2026.

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Source: SEC EDGAR

accession 0000077476-26-000042

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