(AP) - THE NEWS: PepsiCo Inc. says its president is leaving the company after less than a year on the job.
THE BACKGROUND: John Compton, 51, had been with the company for about 30 years and was named to the newly created position of president in March as part of a management restructuring.
THE BIG PICTURE: Compton's departure could indicate that CEO Indra Nooyi doesn't have any plans to leave soon, says John Sicher, editor of Beverage Digest, a closely watched industry tracker.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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