One of America’s top Black executives, Steven Williams, the CEO of PepsiCo Foods North America, received a compensation package of $8.11 million from PepsiCo in 2022 for his significant contributions to the financial success of the multinational foods company.
The package, which represents a 28.53 percent surge from the previous year’s total reward of $6.31 million, mirrors the exceptional financial performance achieved by the group in 2022 — underlining Williams’ substantial contributions as the CEO of PepsiCo Foods North America.
Williams received a compensation package comprising a base salary of $0.82 million, complemented by a performance-based short-term incentive of $0.48 million, reflecting Williams’s exceptional leadership at the helm of PepsiCo Foods.
Leadership excellence: Williams’ storied journey in PepsiCo’s global expansion
PepsiCo, the North American food and beverage behemoth founded in 1898, boasts iconic brands like Lay’s, Doritos, Gatorade, and Pepsi-Cola, delighting consumers in over 200 countries with annual retail sales exceeding $1 billion.
Williams, a 24-year PepsiCo veteran, has garnered recognition for his unwavering dedication and leadership excellence. His successful stewardship of PepsiCo Foods North America was recently rewarded with a $2.31-million long-term incentive awards from the company.
His impressive track record speaks for itself. He’s held various leadership roles across diverse regions, including Quaker Oats Company and Frito-Lay’s East division, delivering robust results consistently.
Aligning personal and corporate success: Williams’ strategic investment in PepsiCo
Since March 2019, Williams has steered PepsiCo Foods North America as CEO, navigating its $21 billion snack and convenience empire across two iconic brands: Frito-Lay North America and Quaker Foods North America. Leading 65,000 associates and overseeing 500 locations, he’s a key figure in shaping the North American palate.
Beyond his executive and governance roles, Williams owns a minority 0.0033-percent stake in PepsiCo Foods, representing 46,312 shares. At current market prices, this translates to a $7.82-million investment, aligning his personal interests with the company’s success.