Last year marked big changes at the top of PepsiCo, as longtime CEO Indra Nooyi handed the reins to Ramon Laguarta—a 23-year veteran of the $64.7 billion-in-revenue beverage and snacking giant. The company further expanded its push into healthier fare with the launch of sparkling water brand Bubly and the $3.2 billion acquisition of at-home seltzer maker SodaStream. But soda’s not dead yet: After falling in 2017, sales in the closely watched North America beverage business, the company’s largest division, increased for the year as PepsiCo upped its advertising spending on core products like its namesake cola and Mountain Dew. The gains have helped dissipate calls from analysts to spin off the beverage business.
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The new beverage dispenser is launching in June.
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