PepsiCo Launches Multicultural Business and Equity Development Organization

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Photo courtesy of PepsiCo

PURCHASE, NY — PepsiCo has created a new organization to accelerate efforts inside and outside the company to help address inequalities for historically excluded people and underserved businesses and communities.

The new multicultural business and equity development organization will operate in PepsiCo’s convenient food and beverage business in North America and integrate workflows aimed at addressing a variety of business and people priorities in a unique team that will enable the company to drive sustainable change and scale. more quickly in its North American activities.

The company has appointed Derek Lewis as the inaugural President of Multicultural Business and Equity Development to lead this effort. Lewis is a 34-year PepsiCo veteran who most recently served as president of PepsiCo Beverages North America’s Southern Division.

In his new role, he will create and lead a new organization tasked with ensuring that end-to-end business inequalities are addressed to maximize overall results and impact, according to Purchase, New York-based PepsiCo.

Specific focus areas of the organization include:

  • Accelerate the business development of retailers in multicultural communities.
  • Expand existing successful programming, including Pepsi Dig In, Black Restaurant Accelerator Program and Juntos Crecemos, all aimed at supporting Black and Hispanic communities.
  • Leverage PepsiCo’s scale to drive investment and support from diverse vendors and partners.
  • Rebranding and national expansion of the successful community engagement program Pepsi Stronger Together to work across all food and beverage companies and increase scale and awareness across North America.
  • Strengthen PepsiCo’s efforts to be an employer of choice for diverse cohorts.

Lewis will report to Kirk Tanner, CEO of PepsiCo Beverages North America and Steven Williams, CEO of PepsiCo Foods North America.

“To take the next step on its journey to racial equality, PepsiCo is bringing in one of its senior executives to lead an integrated organization across the company’s two largest businesses, with a focus on the provides new educational opportunities, the creation of small businesses, and the creation of rewarding employment opportunities with the goal of supporting underserved businesses and communities,” Tanner said. “This is an important decision , which we believe will increase engagement and impact internally with employees and externally with consumers and enable greater progress going forward.”

The creation of this organization is part of PepsiCo’s Racial Equality Journey, which the company first announced in 2020 and centers on investing more than $570 million over five years to increase Black and Hispanic representation. .

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