PepsiCo Creates Chairman’s Circle of Champions to Recognize Top Performers in Operations

PURCHASE, New York -

- New Program Celebrates Incredible Talent of Associates Who Make and Move PepsiCo Foods, Snacks and Beverages Around the World

PepsiCo (NYSE: PEP) today announced the Chairman’s Circle of Champions program that recognizes the company’s outstanding Operations associates — the “makers and movers” — from all over the world who demonstrate outstanding performance in the areas of safety, quality, service, cost, sustainability and people skills.

“Every day I’m reminded of how powerful our ‘make and move’ systems are. This is the core of what we do, and our ability to get products of impeccable quality within arm’s reach of consumers across the world is our biggest advantage. That distribution advantage is driven by our people - primarily, our frontline Operations team members who make and move our snacks and drinks everyday,” said Indra Nooyi, PepsiCo chairman and chief executive officer. “The Chairman’s Circle of Champions is an important part of PepsiCo’s Performance with Purpose strategic mission. Like for all of our associates, this mission inspires our Operations team members to make and move our products in a sustainable way and ensures that our great company and products become even better.”

The annual Chairman’s Circle of Champions recognizes only about one-quarter of 1 percent of PepsiCo’s more than 150,000 global Operations associates. The celebration in New York next October is an opportunity to bring together PepsiCo’s top Operations performers from all over the world to meet and discuss best practice business ideas, in addition to recognizing them for their outstanding results.

Parallel to Operations’ Chairman’s Circle of Champions, PepsiCo also recognizes the company’s top Sales associates at the President’s Ring of Honor event in New York each spring. The event was established in 1999 by then PepsiCo CEO and Chairman Roger Enrico to celebrate and reward top performers in Sales. Celebrating associates who deliver exceptional results is a proud PepsiCo tradition.

About PepsiCo

PepsiCo offers the world’s largest portfolio of billion-dollar food and beverage brands, including 18 different product lines that each generate more than US$1 billion in annual retail sales. Our main businesses - Frito-Lay, Quaker, Pepsi-Cola, Tropicana and Gatorade - also make hundreds of other nourishing, tasty foods and drinks that bring joy to our consumers in over 200 countries. With more than US$43 billion in 2008 revenues, PepsiCo employs 198,000 people who are united by our unique commitment to sustainable growth, called Performance with Purpose. By dedicating ourselves to offering a broad array of choices for healthy, convenient and fun nourishment, reducing our environmental impact, and fostering a diverse and inclusive workplace culture, PepsiCo balances strong financial returns with giving back to our communities worldwide. For more information, please visit www.pepsico.com.

About Performance with Purpose

PepsiCo’s commitment to sustainable growth, defined as Performance with Purpose, is focused on generating healthy financial returns while giving back to communities the company serves. This includes meeting consumer needs for a spectrum of convenient foods and beverages, reducing the company’s impact on the environment through water, energy and packaging initiatives, and supporting its employees through a diverse and inclusive culture that recruits and retains world-class talent. PepsiCo is listed on the Dow Jones North America Sustainability Index and Dow Jones World Sustainability Index.

Source: PepsiCo

Charles Nicolas of PepsiCo, +1-972-334-5520, charles.nicolas at fritolay.com