New Pepsi Treasurer to oversee Tax
Posted By Chris Bale on June 17, 2009
[private]PepsiCo, Inc. has announced that Tessa Hilado has joined PepsiCo as senior vice president, finance and treasurer, reporting to Chief Financial Officer Richard Goodman. She replaces retired PepsiCo senior vice president and treasurer, Lionel L. Nowell, III.
In this role, Hilado will have global operating responsibility for the treasury organization, including capital markets, cash management, international treasury, pensions, risk management and insurance, as well as the tax organization.
Most recently, Hilado has been vice president and treasurer at Schering-Plough Corporation since May 2008, where she was responsible for strategic oversight and direction of the global treasury function, including cash management, domestic and international funding, capital planning, bank relations, pension funding and investments and risk management.
Previously, Hilado served as the assistant treasurer for General Motors (GM) Corporation, where she was responsible for global funding, cash management, securitizations, foreign exchange and commodities management and other strategic financial initiatives at the company. Hilado joined GM in 1990 and held a variety of roles with increasing responsibility, including chief financial officer, General Motors Acceptance Corporation Commercial Finance.
Hilado holds a Bachelor of Science in Management Engineering from Ateneo de Manila University, Manila, Philippines, and a Master of Business Administration from the University of Virginia, Darden Graduate School of Business.
“We are very pleased to welcome Tessa to PepsiCo’s finance leadership team,” said Goodman. “She brings nearly 20 years of expertise in key global finance positions. I’m confident that under her leadership, the PepsiCo Treasury function will be even more agile in responding to changes in the macro economic environment.”
Hilado will be based at the company’s headquarters in Purchase, N.Y. and will begin her new position on July 8, 2009.[/private]
About PepsiCo
PepsiCo (NYSE: PEP) is one of the world’s largest food and beverage companies, with 2008 annual revenues of more than $43 billion. The Company employs approximately 198,000 people worldwide, and its products are sold in approximately 200 countries.
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