PepsiCo Inc. said today that its current Chief Financial Officer (CFO), Richard Goodman will be replaced by Hugh Johnston at the end of March this year.

Johnston is currently working as the Executive Vice President of PepsiCo Global Operations. Goodman-led PepsiCo has performed very well during the time of global economic collapse.

Goodman is working as PepsiCo CFO since 2006. He joined the food and beverage company in 1992 as the Vice President of International Strategic Planning. After that in 2001, he went on to become the CFO of Pepsi's International Beverage Unit. It was only in 2003 that he became the CFO of its combined international food and beverage business.

PepsiCo also said that Goodman will continue to be in the company. But this time, he will work as the Executive Vice President for business information systems, global procurement, global operations, and post merger integration at PepsiCo.

Talking about this Indra Nooyi, Chairman and CEO, of PepsiCo said that she was very pleased with the announcement and that post given to Richard will provide him with the much needed personal flexibility.