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• John Compton, the president of PepsiCo, said yesterday that he will leave the company after less than a year in the job to become CEO of Pilot Flying J, a privately held, $30 billion chain of truck stops, in Knoxville, Tennessee, his home state.

He will be replaced by Zein Abdalla, CEO of PepsiCo’s European operations since 2009. Abdalla will be replaced by Enderson Guimaraes, who joined PepsiCo just last year as president of its global nutrition group after turns at Electrolux and Philips Electronics.

Various published reports say that the move by Compton was about him wanting to run his own company, and suggests that current PepsiCo Indra Nooyi has no plans to step down, despite rumors that investor discontent could lead to her departure sooner rather than later. Compton was perceived as perhaps the leading internal candidate to succeed her.
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