The Board of Pepsi-Cola Products Philippines, Inc. announced effective immediately the appointment of Mr. Gary Emmanuel N. Carandang as Vice-President/Senior General Manager­ MTO & Snacks; and The Board authorized and approved the reorganization of the Board committees by the merger of the Nomination Committee and the Compensation and Remuneration Committee to create the Nomination and Governance Committee, and the transfer of the governance function of the Audit Committee to the Nomination and Governance Committee, subject to and effective upon securing all other necessary approvals for its implementation.