http://www.slate.com/id/2198198/
Obama: the Pepsi CandidateThe Democratic presidential nominee and the soft drink have strong affinities.
By James Ledbetter
Posted Thursday, Aug. 21, 2008,
http://findarticles.com/p/articles/mi_m0EIN/is_2008_July_24/ai_n27944642
PepsiAmericas Names Wahid Hamid to Board of Directors
Business Wire, July 24, 2008
MINNEAPOLIS — PepsiAmericas, Inc. (NYSE: PAS) today announced that Wahid Hamid was elected to the company’s board of directors, effective July 23, 2008.
In making the announcement, PepsiAmericas’ Chairman and Chief Executive Officer Robert C. Pohlad said, “The addition of Mr. Hamid to PepsiAmericas’ board ensures that our company will continue to benefit from a diversity of experiences and opinions.”
Mr. Hamid, 49, is Senior Vice President, Corporate Strategy for PepsiCo (NYSE: PEP), which ranks among the world’s largest convenient food and beverage companies. Its businesses include Frito-Lay, Pepsi-Cola, Tropicana, Gatorade and Quaker Foods. Mr. Hamid is responsible for strategic initiatives including mergers and acquisitions. Before taking his current role, Mr. Hamid was Chief Financial Officer for PepsiCo Americas Foods, where he led the finance agenda for the sector and was responsible for accelerating key strategic initiatives. Prior to joining PepsiCo, Mr. Hamid spent 15 years with The Boston Consulting Group, in a variety of roles including leading their consumer goods and retail practices across Asia Pacific. Most recently, Mr. Hamid was Senior Vice President and Director.
“Wahid’s industry and financial expertise will be of great value to PepsiAmericas as we continue our growth strategy,” said Pohlad. “He is an accomplished strategist with a deep understanding of our business. We look forward to working with Wahid and to his contributions to the PepsiAmericas’ board.”
PepsiAmericas is the world’s second-largest manufacturer, seller and distributor of PepsiCo beverages with operations in 19 U.S. states; Central and Eastern Europe, including Ukraine, Poland, Romania, Hungary, the Czech Republic, and Slovakia; and the Caribbean. For more information on PepsiAmericas, please visit www.pepsiamericas.com. PepsiCo, Inc. (NYSE: PEP) beneficially owns approximately 44 percent equity interest in PepsiAmericas.