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Bloomberg reports that PepsiCo announced the promotion of Al Carey "to a new position overseeing all three of its North American beverage and snack businesses, a move that more tightly integrates the sprawling company’s food and drink operations." Carey, who has been leading the North American Beverages business, "will now be in charge of the Frito-Lay and Quaker Foods divisions on the continent as well, the company said Wednesday in a statement. Frito-Lay’s current North America head, Tom Greco, is leaving PepsiCo to become a CEO in a different industry."

In addition, Bloomberg suggests, "Combining drinks and snacks under a single leader reflects PepsiCo’s dedication to remaining one company."
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