PepsiCo expands board of directors

PURCHASE, N.Y. — PepsiCo announced it has elected the former leader of 3M to its board of directors.

The company said Sir George Buckley, who currently serves as chairman of private equity firm Arle Capital LLP, will join the board and audit committee on Sept. 19. Prior to his role at Arle Capital, Buckley served as chairman, president and CEO of 3M.

"George has years of proven results in business and financial leadership, innovation, and management," PepsiCo chairman and CEO Indra Nooyi said. "We are delighted that he will bring that strong record of achievement to PepsiCo."

The election of Buckley to PepsiCo's Board will bring the total number of directors to 13 and the total number of independent outside directors to 12. PepsiCo's board includes one inside director: Nooyi.

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