PepsiCo elects Joaquin Duato to board of directors, effective December 1

PepsiCo has appointed Joaquin Duato as an independent member of its board of directors, effective December 1, 2026. Duato, who is currently the chairman of the board and CEO of Johnson & Johnson, will also join the Audit Committee of PepsiCo's board. The appointment comes as the company's stock trades near its 52-week low at $133.62, with InvestingPro suggesting the stock is undervalued relative to its Fair Value.

Duato's compensation package will include a stock award and an annual equity award, along with a cash retainer.

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