PepsiCo Chairman and CEO Indra K. Nooyi to Be Named Chicago United's 2008 Bridge Award Recipient at 40th Anniversary Gala Award honors exemplary leadership in corporate diversity and inclusion

CHICAGO, Nov. 10 /PRNewswire/ -- Chicago United, a membership organization that promotes corporate diversity and inclusion, today announced that Indra K. Nooyi, chairman and chief executive officer of PepsiCo, will be the recipient of the Chicago United 2008 Bridge Award that honors exemplary leadership in support of advancing diversity and inclusion at the board of directors' level.

The National Bridge Award will be presented at Chicago United's 5th Annual Changing Color of Leadership Conference and 40th Anniversary Gala on December 4, 2008. The organization celebrates its milestone year under the theme "Torchbearers of the Dream: Honoring the Past, Shaping the Future." The conference will demonstrate Chicago United's continuing commitment to spearhead reforms and diversity initiatives that can transform the city.

The Bridge Award represents the first national award that honors a CEO who is an advocate for multiracial diversity in corporate governance and executive level management. In keeping with the spirit of Chicago United's advocacy for the development of multiracial leadership at all levels in business, this award brings visibility to those who have driven change and inspire others to follow. The National Bridge Award honors the exemplary practices of a Fortune 100 corporation.

A committee of corporate and non-profit executives, entrepreneurs and academicians selected Nooyi as the Bridge Awardee based on an examination of publicly-available data along with select qualitative attributes of the company, such as supplier and workforce diversity.

"I am extremely honored to be recognized as Chicago United's National Bridge Award recipient," said Nooyi. "At PepsiCo we strive to create a diverse and inclusive work environment that encourages every associate to bring his or her whole self to work -- not just because it's the right thing to do, but also because diversity in the workplace unleashes creativity and the power of innovation." She added, "Having people with different backgrounds and experiences gives us marketplace insights that enable us to serve our consumers, retail customers and communities. Diversity and inclusion are essential to PepsiCo's growth and are a strategic priority for our business."

"PepsiCo exhibits the strategic value that resonates with Chicago United's mission to promote competitiveness through the use of corporate diversity and inclusion," said Gloria Castillo, president of Chicago United.

"We applaud Ms. Nooyi and PepsiCo for leading by example and being champions of a new benchmark for diversity in management, and business partnerships," said Castillo. "Their investment in diversity and inclusion helps to foster innovative approaches to sustain continuous growth in an increasingly competitive marketplace."

The 5th Annual Changing Color of Leadership Conference

The 5th Annual Changing Color of Leadership Conference will feature a series of six workshop sessions that will provide participants with in-depth insights of diversity and inclusion practices that are crucial to the success of an organization. Nationally recognized experts in the field of diversity will highlight current trends, best practices, and strategies for minority business enterprises to grow their businesses and for corporate professionals to develop multiracial leadership in their organizations.

Some of the discussions, presenters and moderators include:

-- Diverse Talent-Management Strategies: Effective Mentoring Relationships presented by Guy Summers, President, Farrell Group, LLC, and moderated by Kelli Lester-Brown, Senior Manager of Diversity and Inclusion, Sara Lee Corp.;

-- Diversity and Organizational Performance: Quantifying the Connection presented by Dr. Cedric Herring, Professor, University of Illinois, Department of Sociology, and moderated by Dr. Nik Theodore, Center for Urban Economic Development, University of Illinois;

-- Career-Building Learning Experiences for Winning Diverse Workforces presented by LaShana Jackson, Director, Diversity & Inclusion, Aon Service Corporation and moderated by Jacki Robinson-Ivy, Vice President, Public Affairs and Government Relations, Northern Trust and;

-- Diversity at the Top: Recruiting and Retaining Emerging Executives presented by Lydia Mallett, Ph.D., Vice President, Staffing & Diversity, Tyco International, and moderated by Adrienne Pitts, Partner, Sidley Austin LLP.

For more information regarding Chicago United's 5th Annual Changing Color Leadership Conference and 40th Anniversary Gala or to register for the Conference, please visit http://chicago-united.org/conference/index.html.

About Chicago United

Chicago United is the catalyst driving business leaders to maximize economic impact for all races. Created in 1968, Chicago United was the first group to bring together racially diverse CEOs with a common goal of creating a stronger social and economic climate for everyone in Chicago. To achieve sustainable impact, members focus on multiracial leadership development in corporate governance and executive level management; developing a pipeline of future multiracial executive leaders; and cultivating multiracial business partnerships. Through a fierce brand of constructive conversation, Chicago United fosters inclusion and provides an opportunity for senior executives from all racial and ethnic groups to learn from one another, confront and break down racial barriers and achieve shared objectives. For more information please visit http://www.chicago-united.org.

About PepsiCo

PepsiCo (NYSE: PEP) is one of the world's largest food and beverage companies, with 2007 annual revenues of more than $39 billion. The company employs approximately 185,000 people worldwide, and its products are sold in approximately 200 countries. Its principal businesses include: Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods. The PepsiCo portfolio includes 18 brands that generate $1 billion or more each in annual retail sales. PepsiCo's commitment to sustainable growth, defined as Performance with Purpose, is focused on generating healthy financial returns while giving back to communities the company serves. This includes meeting consumer needs for a spectrum of convenient foods and beverages, reducing the company's impact on the environment through water, energy and packaging initiatives, and supporting its employees through a diverse and inclusive culture that recruits and retains world-class talent. As a member of the Dow Jones Sustainability World Index (DJSI World) and the Dow Jones Sustainability North America Index (DJSI North America), PepsiCo is a recognized leader in sustainability. For more information, please visit http://www.pepsico.com.

SOURCE Chicago United



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