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This excerpt taken from the DTV 8-K filed Nov 19, 2009. EL SEGUNDO, Calif., Nov. 18,
2009 — DIRECTV, the world’s leading
provider of digital television services, today named Michael White as its new
President and CEO. White announced in September that
he will retire later this year from his current position as CEO of PepsiCo International
and vice chairman of PepsiCo. He will
assume his new role at DIRECTV beginning Jan. 1, 2010, and has also joined
DIRECTV’s Board of Directors. John
Malone, Chairman of the DIRECTV Board, made the announcement today.
“After a very thorough search, we have found an exceptional leader with a sustained track record of success, profitably growing businesses and a reputation for making the impossible possible,” said Malone. “Mike also brings the highest degree of leadership, innovation and passion to the table — all qualities that will help drive DIRECTV’s performance in the coming years. I look forward to watching him build on DIRECTV’s success and lead the company to an exciting new future.”
Malone added, “I’d also like to thank Larry Hunter for filling the role of interim CEO since June. He and the entire management team have done an incredible job of keeping the business running smoothly during the past six months and we are lucky to have such an experienced executive team.”
Since joining PepsiCo in 1990 as vice president of planning for Frito-Lay North America (FLNA), White has held many senior positions there, including CFO of FLNA, executive vice president and CFO of Frito-Lay International, CFO of Pepsi-Cola Company worldwide and CFO of PepsiCo.
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