---
schema_version: "secwatch.filing_event.v1"
accession: "0000077476-26-000042"
form_type: "8-K"
ticker: "PEP"
cik: "0000077476"
company_name: "PEPSICO INC"
filed_at: "2026-09-17T21:10:36+00:00"
generated_at: "2026-09-17T21:12:04.811705+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000077476-26-000042
- form_type: 8-K
- ticker: PEP
- cik: 0000077476
- company_name: PEPSICO INC
- filed_at: 2026-09-17T21:10:36+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/77476/000007747626000042/0000077476-26-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/77476/000007747626000042/pep-20260917.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000077476-26-000042
- JSON: https://secwatch.observer/filing/0000077476-26-000042.json
- Plain text: https://secwatch.observer/filing/0000077476-26-000042.txt

## Key facts
- Executive change
  Joaquin Duato was elected as independent member of the Board at PEPSICO INC.
  - Action: elected
  - Role: independent member of the Board
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/77476/000007747626000042/0000077476-26-000042-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.