PepsiCo has announced the appointment of Kyle Faulconer as the new CEO of Australia and New Zealand, effective January 2022.

Faulconer will replace outgoing CEO, Danny Celoni, who was recently appointed to the Asahi Beverages Oceania Executive Leadership Team as the new CEO of Carlton & United Breweries, effective February 2022.

To take up the new position, Faulconer will relocate to Sydney from the US, where he is currently Vice President and General Manager at PepsiCo’s Frito-Lay snacks business.

He has had a 14-year tenure at PepsiCo and is a passionate advocate for consumer-centric innovation. Most recently he was responsible for leading the strategic agenda for Walmart, one of PepsiCo’s largest global customers.

Wern-Yuen Tan, CEO, PepsiCo APAC, says that Faulconer’s strong market experience and people-first approach will be a great asset to the Australia and New Zealand team.

“We are delighted to welcome Kyle to ANZ and know he will lead the team to new heights,” said Tan.

In his new role, Faulconer will work to strengthen operations and drive innovation and growth across PepsiCo’s portfolio of drinks and snacks.

He said: “I’m thrilled to join the world-class team and help the PepsiCo business continue to grow across Australia and New Zealand. I look forward to creating new opportunities to accelerate our positive, purpose-led impact for our partners, customers ad consumers.”

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