COMPANIES FOR
DIVERSITY
PEPSICO
No. 10
Indra Nooyi,
Chairman and CEO
Ron Parker,
Senior Vice President,
Human Resources,
PepsiCo North America
WHY IT’S ON THE TOP 50:
A longtime national diversity
leader, PepsiCo has continued its
strong CEO Commitment under
Nooyi, who replaced Steve
Reinemund, known for his proactive diversity support.
DESCRIPTION: The world’s No. 2
soft-drink maker. PepsiCo owns
Frito-Lay, the world’s top maker
of snacks.
DIVERSITY STRENGTHS: The company has mandatory diversity
training for the entire work force,
compared with 58 percent of the
Top 50, and mandatory employee
surveys, compared with 30 percent
of the Top 50. PepsiCo has unbiased retention rates for its work
force and its management, meaning retention levels are the same
regardless of race/ethnicity or gender. The CEO chairs the diversity
council, which only occurs in 54
percent of the Top 50.
FROM CHAIRMAN-ELECT AND CEO
INDRA NOOYI: “In addition to building a diverse work force, creating
and sustaining an inclusive environment is key to ensuring that all
PepsiCo associates feel completely
at ease bringing everything they are
to the workplace. We all have a profound responsibility to promote
equality, and to advance the rights
and opportunities of all people—
for their sake, our sake, and for the
sake of the world itself.”
Industry: Consumer Products
Main Competitors: Cadbury Schweppes,
Coca-Cola, Kraft Foods
U.S. Headquarters: Purchase, N. Y.
Number of U.S. Employees:
62,251
Annual Revenue: $35 billion
of Operations Outside U.S.:
41
Key Personnel: Indra Nooyi, chairman and
CEO; Ron Parker, senior vice president,
human resources, PepsiCo North America
FROM RON PARKER, SENIOR VICE
PRESIDENT, HUMAN RESOURCES:
“Diversity and inclusion are essential to PepsiCo’s growth—a strategic
priority for our business. Along
with creating a diverse work force,
we must also create an inclusive
environment that responds to our
customers and consumers.”
RECENT DIVERSITY SUCCESS: PepsiCo
launched an annual multicultural
summit for 500 associates. It also
won a 2007 Catalyst award. A key
initiative is PepsiCo’s Women of
Color Multicultural Alliance, which
serves as a strategic support and
resource group focused on attracting, retaining and developing
women of color in the middle- and
senior-management ranks at
PepsiCo. It received the Innovation
Award from disabilityworks, a program of the Chicagoland Chamber
of Commerce, in recognition of its
enABLE program, which reaches
out to employees with disabilities
and those who have chronic health
conditions as well as to employees
who have family and friends who
have disabilities.
