PepsiCo announced the creation of a new organization dedicated to accelerating efforts inside and outside the company to help address inequalities for historically excluded people and underserved businesses and communities.
The new organization is the next step in the group’s Racial Equality Journey (REJ), a pillar of the company’s pep+ (PepsiCo Positive) transformation on how it creates growth and shared value.
PepsiCo REJ Commitments
The company’s REJ commitments were originally announced in 2020 and focused on investing more than 570 million dollars (503 billion euros) over five years to increase Black and Hispanic representation, leverage the company’s scale and influence with suppliers and strategic partners, and help overcome systemic barriers and create economic opportunities for black and Hispanic Americans.
New multicultural business and equity development organization will operate across PepsiCo North America hands-on food and beverage companies and integrate workflows aimed at addressing a variety of business and people priorities in a single team approach that the group hopes will help drive lasting change and move faster in all of PepsiCo North America companies.
Derek Lewis named
PepsiCo has appointed Derek Lewis as its first-ever President of Multicultural Business and Equity Development to lead this initiative.
Employed by PepsiCo for 34 years, Lewis most recently served as President of PepsiCo Beverages North America’s Southern Division and played a leadership role in the company’s broader diversity and community engagement program.
In his new role, he will create and lead a new organization tasked with ensuring that end-to-end business inequalities are addressed to maximize overall results and impact.
“To take the next step on its journey to racial equality, PepsiCo is bringing in one of its senior executives to lead an integrated organization across the company’s two largest businesses, with a focus on the provides new educational opportunities, the creation of small businesses and the creation of rewarding employment opportunities with the goal of supporting underserved businesses and communities,” said Kirk TannerCEO, PepsiCo Beverages North America.
“This is an important move, which we believe will increase engagement and impact internally with employees and externally with consumers and enable greater progress moving forward.”
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