Greg Lyons, who was chief marketing officer for PepsiCo North American Beverages for eight years, has left the company and been replaced by company veteran Mark Kirkham.
PepsiCo's namesake cola has fallen to the No. 3 slot behind Coca-Cola and Dr Pepper, with its U.S. soft drink sales volume sliding 32% between 2010 and 2023, The Wall Street Journal reports.
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Some brewers have also lost access to store shelves from one big customer: Canada, which is the top foreign market for U.S.
Deals exceeding $10 billion are down about 28% for the quarter, but mid-range acquisitions valued from $1 billion to $10 billion are up 38% compared to the same period last year.