PepsiCo elects Joaquin Duato to board of directors, effective December 1
Joaquin Duato, a 64-year-old executive, has been appointed to PepsiCo's board of directors, effective December 1, 2026. This move comes as the beverage company's stock trades near its 52-week low of $133.62, with analysts suggesting it may be undervalued based on its Fair Value. Duato will also join the board's Audit Committee on the same date.
Currently, Duato serves as CEO of Johnson & Johnson, a position he has held since 2022, and has been a director of the company since 2022. Before his current roles, Duato served as chairman and CEO of Johnson & Johnson from 2023 to 2022, and held various executive positions in different sectors and regions of the company since 1989.
Upon joining PepsiCo's board, Duato will receive compensation as per the company's non-employee director compensation program, including an initial stock award of 1,000 shares and a prorated annual equity award. Additionally, he will receive an annual cash retainer, starting with a payment of $60,000 in June 2027.
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