PEPSICO INC (PEP)
Sector: Consumer Staples
Sector: Consumer Staples
PEPSICO INC - Executive Compensation
EVP and CFO
Executive Compensation
Steve Schmitt serves as Executive Vice President and Chief Financial Officer (EVP and CFO) at PepsiCo Inc., a position he has held since 2018. With over 25 years of experience in global finance and strategic leadership, Schmitt joined PepsiCo after a distinguished career at Procter & Gamble, where he rose to Senior Vice President of Finance for the Global Beauty Care division. His early career included roles at General Electric, honing his expertise in financial planning, mergers and acquisitions, and international operations across North America, Europe, and Asia. Schmitt holds an MBA from the Wharton School of the University of Pennsylvania and a bachelor's degree in finance from the University of Notre Dame. Under Schmitt's stewardship, PepsiCo has achieved remarkable financial milestones, including navigating the company through the COVID-19 pandemic with record revenue growth and enhanced shareholder returns. He spearheaded a $1.2 billion cost-savings initiative that bolstered margins without compromising innovation, while overseeing key acquisitions like the expansion into functional beverages and sustainable packaging ventures. His strategic foresight has positioned PepsiCo as a leader in ESG investing, securing top ratings from sustainability indices and driving a 15% increase in dividend payouts over the past five years. As CFO, Schmitt oversees PepsiCo's global financial operations, including treasury, tax, investor relations, and risk management for a portfolio spanning snacks, beverages, and nutrition products in over 200 countries. He plays a pivotal role in the company's long-term growth strategy, emphasizing digital transformation and supply chain resilience. Schmitt is a sought-after voice in the C-suite community, frequently speaking at forums like the World Economic Forum on topics such as resilient finance in consumer goods.