FINANCE

7-Eleven Canada stores debut surcharge-free Allpoint Network ATMs

BY Staff Writer

Bethesday, Md. — ATM provider Allpoint Network, a Cardtronics affiliate, said Wednesday that it has entered Canada with its agreement with 7-Eleven Canada to host surcharge-free Allpoint Network ATMs in its more than 470 stores in the country.

Earlier this year, 7-Eleven named Cardtronics its exclusive ATM service provider in Canada.

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News

PepsiCo announces executive changes

BY CSA STAFF

PURCHASE, N.Y. — PepsiCo announced that its current president is resigning from his post.

The company said John Compton, a 30-year company veteran, will be leaving PepsiCo to serve as CEO of Pilot Flying J Oil, a chain of truck stops in the United States and Canada. Replacing Compton is PepsiCo Europe CEO Zein Abdalla. Abdalla will be responsible for overseeing PepsiCo’s global category groups (global beverages, global snacks and global nutrition), global operations (IT, global procurement, supply chain and productivity), global marketing services and corporate strategy. Working with the geographic business units, Abdalla’s team will drive innovation and brand building while significantly reducing the overall cost structure of the company.

Replacing Abdalla as PepsiCo Europe CEO is Enderson Guimaraes, who has served as president of PepsiCo’s global nutrition group since 2011. Guimaraes’ replacement will be announced in the coming weeks.

The personnel changes announced are effective immediately. Abdalla will be based in Purchase, N.Y.; Guimaraes will be based in Geneva.

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OPERATIONS

Jones Group names senior Coach exec as divisional president

BY Katherine Boccaccio

New York — The Jones Group Inc. said Wednesday it has appointed Kathy Nedorostek to the newly created position of group president, global footwear and accessories, effective mid-October.

In her new position, Nedorostek will oversee footwear, handbags and jewelry for Jones Group.

Nedorostek arrives at Jones Group from Coach, where she was president of North America Wholesale and Global Licensing.

She has also served as president and COO of Natori Co., president of the cK Calvin Klein Shoes & Bags division of Nine West Group and COO for Judith Leiber. She also held senior management positions at Saks Fifth Avenue.

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