
Brad Jakeman, the high-profile president of PepsiCo’s global beverage group who oversees the marketer’s in-house content creation arm, is leaving the company after seven years to start his own consulting firm. PepsiCo will be his first client, according to a company memo authored by Eugene Willemsen, the company’s executive VP for global categories and franchise management. Willemsen will lead the global beverage group on an interim basis until a replacement is found.
“I’ve had the opportunity to meet and work with entrepreneurs all over the world who are disrupting industries, creating new economies and building a better society. Now, I have chosen to step down from my current role at PepsiCo in order to follow my passion in these areas, while continuing to consult for PepsiCo,” Jakeman stated in the memo. “I am starting a new venture to help companies innovate and to advise on building brands in our hyper-connected world.” A PepsiCo spokeswoman confirmed Jakeman’s departure, stating that the company “looks forward to working with him in this new capacity.”
His exit comes six months after PepsiCo was forced to pull its widely-mocked Kendall Jenner ad. The spot was created by the marketer’s in-house content creation arm, called Creators League Studio, which Jakeman oversees.The backlash against the ad did not prompt his departure, according to people familiar with the situation, although in a recent personal Facebook post he called the experience “gut-wrenching and painful.”
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