AutoZone Snags a Rising Star at PepsiCo
Over the 12 months since Enderson Guimarães joined PepsiCo (NYS: PEP) , the Brazilian executive has already been promoted twice. Joining as President of Global Operations in October 2011, Guimarães became the President of Pepsi's Global Nutrition Group in May 2012, then Chief Executive Officer of Pepsico Europe in September. Now, he's snagged his latest gig -- at AutoZone (NYS: AZO) .
On Thursday, AutoZone announced that it has elected Guimarães to its board of directors.
Guimarães's latest position caps a career that spans more than two decades in business. Prior to Pepsi, the executive headed Electrolux's Major Appliances Europe, Middle East and Africa division from October 2008 to September 2011. He spent 13 years at Philips Electronics (NYS: PHG) before that, serving as a regional marketing executive in Brazil, and also as Senior Vice President and Head of Global Marketing Management. He has also served stints at Danone, Procter & Gamble (NYS: PG) , and Johnson & Johnson (NYS: JNJ) , Canada.
At Electrolux, his most significant recent position of any length, Guimarães presided over a 14.5% slide in sales from 2008 to 2011, as his division slogged through the Great Recession. But to his credit, Guimarães helped the unit move from a small operating loss to a more than $103 million profit by the time he left in 2011, despite lower sales.
The article AutoZone Snags a Rising Star at PepsiCo originally appeared on Fool.com.Fool contributor Rich Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of Johnson & Johnson and PepsiCo. Motley Fool newsletter services recommend Johnson & Johnson, PepsiCo, and The Procter & Gamble Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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