PepsiCo announces Ian Cook and Lloyd Trotter elected to board of directors

PURCHASE, N.Y., Feb. 1 /PRNewswire-FirstCall/ — PepsiCo announced the election of Ian M. Cook and Lloyd G. Trotter to its board of directors, following today’s board meeting.

Messrs. Cook and Trotter will join the board effective March 14, 2008.

Ian M. Cook, 55, is presently president and chief executive officer of Colgate-Palmolive Company, a $12 billion dollar business with 34,000 employees globally and is one of the world’s oldest and respected consumer products companies.

Mr. Cook joined Colgate in 1976 and progressed through marketing and other management roles in the United Kingdom, the United States and the Philippines. Mr. Cook became chief operating officer in 2004, with responsibility for operations in North America, Europe, Central Europe, Asia, and Africa.

In 2005 he was promoted to president and chief operating officer, responsible for all Colgate operations worldwide. Mr. Cook became chief executive officer in July 2007.

Mr. Cook is a graduate of London University (Guildhall).

Lloyd G. Trotter, 61, after a 37 year career with General Electric, is retiring from his current post as vice chairman at the end of February. Mr. Trotter simultaneously held the positions of president and chief executive officer of GE Industrial, a $28 billion business with nearly 80,000 employees worldwide.

Prior to his current role, Mr. Trotter was executive vice president of Operations where he led efforts to improve operational excellence across GE’s businesses. From 2004 to 2006 he served as president and chief executive officer of GE Consumer and Industrial.

Mr. Trotter is joining the New York based investment firm of GenNx360 Capital Partners as one of the principals. GE is one of the investors in GenNx which intends to focus on investments in commercial security, industrial water treatment, infrastructure and aerospace.

Mr. Trotter graduated from Cleveland State University with a degree in business administration. In 2001 the school awarded him an honorary doctorate degree.

The election of Cook and Trotter to PepsiCo’s board brings the total number of directors to 12, and the total number of independent outside directors to 10. In addition, the board has two inside directors, Indra Nooyi, the company’s chairman and chief executive officer and Mike White, vice chairman of PepsiCo and chief executive officer of PepsiCo Internationa