News Summary: PepsiCo president leaving company

Associated Press Published: September 11, 2012
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THE NEWS: PepsiCo Inc. says its president is leaving the company after less than a year on the job.

THE BACKGROUND: John Compton, 51, had been with the company for about 30 years and was named to the newly created position of president in March as part of a management restructuring.

THE BIG PICTURE: Compton's departure could indicate that CEO Indra Nooyi doesn't have any plans to leave soon, says John Sicher, editor of Beverage Digest, a closely watched industry tracker.