PepsiCo Names Kleinbach-Sauter Senior VP

BOCA RATON, Fla. (AP) -- PepsiCo Inc., the huge soft drink and snacks maker, said Thursday that it named Heidi Kleinbach-Sauter as senior vice president, R&D global foods.

Kleinbach-Sauter will oversee the R&D global foods and snacks business starting on Oct. 19. She previously served as senior vice president of product innovation for Altria Client Services.

Kleinbach-Sauter will report to Chief Scientific Officer Mehmood Khan and CEO of PepsiCo Americas Foods John Compton.

Shares of PepsiCo fell 7 cents to $58.40 in afternoon trading Thursday.