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Pepsi Bottling Ventures company logo
Corporation
FOOD & BEVERAGES | Bottling & Distribution
pepsibottlingventures.com

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About Pepsi Bottling Ventures

Pepsi Bottling Ventures is a privately-held bottler, manufacturer, seller, and distributor for Pepsi-Cola products in North America.

Pepsi Bottling Ventures Headquarter Location

4141 Parklake Avenue Suite 600

Raleigh, North Carolina, 27612,

United States

+1 919 865 2300

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Latest Pepsi Bottling Ventures News

Pepsi Bottling Ventures welcomes new CEO

Feb 3, 2022

Derek Hill’s tenure spans 30 years in the Pepsi system February 1, 2022 Raleigh, N.C.-based Pepsi Bottling Ventures LLC (PBV), a joint venture of Suntory Group and PepsiCo, named Derek Hill as president and chief executive officer (CEO). The announcement followed the retirement of Paul Finney, who served as president and CEO from 2012-2021. “Paul has strategically positioned PBV into the industry-leading bottling company that it is today. He is highly admired and will be greatly missed,” Hill said. “PBV prides itself as a top bottler and distributor of some of the most recognizable consumer beverage products in the world. I am honored to accept the role of president and CEO and look forward to many great years of continued success for our business, our customers, and consumers.” Hill spent his 30-year career in the Pepsi system. He joined PBV in 2000 as vice president of corporate planning before assuming the role of chief financial officer (CFO) in 2008. As CFO, Hill led PBV to record-breaking profits and strategically managed a series of mergers and acquisitions that expanded the company’s distribution territory and sales footprint. “We are very excited to welcome Derek as the new president and CEO of Pepsi Bottling Ventures,” said Kazuhiro Saito, president and CEO, Suntory Beverage & Food Ltd., in a statement. “He is an immense talent with a strategic vision, and I’m confident that the leadership transition will be seamless. Together, we will continue to drive PBV’s business forward.”     Kirk Tanner, CEO of PepsiCo Beverages North America, added: “The partnership we’ve had with Paul over the years has been simply outstanding and he has built a high-performance team that plays a significant role in PepsiCo’s success. As he takes on the new adventure of retirement, he leaves a legacy that should stand as a source of great pride and a model for the beverage industry. With Derek in his new role, we have a strong leader and trusted partner with world-class knowledge of the PepsiCo bottling business. He will help us take our relationship to even greater heights and we look forward to continued success together in the future.” Hill officially assumed the role of president and CEO of Pepsi Bottling Ventures LLC on Jan. 1. Related Articles

Pepsi Bottling Ventures Acquisitions

2 Acquisitions

Pepsi Bottling Ventures acquired 2 companies. Their latest acquisition was Pepsi-Cola Roxboro on March 23, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/23/2021

$99M

Acquired

1

10/16/2009

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$99M

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10

Date

3/23/2021

10/16/2009

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

Note

Acquired

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Sources

1

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Pepsi Bottling Ventures Partners & Customers

4 Partners and customers

Pepsi Bottling Ventures has 4 strategic partners and customers. Pepsi Bottling Ventures recently partnered with Phononic on September 9, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

9/5/2018

Partner

United States

Phononic Partners with Pepsi Bottling Ventures to Transform the Food and Beverage Retail Environment with Solid-State Cooling Technology

The partnership will expand the current deployment of Phononic 's Merchandising Refrigerator with Pepsi Bottling Ventures customers that include big box retail chains and convenience stores , offering food retailers an innovative and sustainable alternative to compressor-based refrigeration .

4

8/2/2018

Vendor

United States

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10

11/19/2014

Partner

United States

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10

8/21/2012

Supplier

United States

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10

Date

9/5/2018

8/2/2018

11/19/2014

8/21/2012

Type

Partner

Vendor

Partner

Supplier

Business Partner

Country

United States

United States

United States

United States

News Snippet

Phononic Partners with Pepsi Bottling Ventures to Transform the Food and Beverage Retail Environment with Solid-State Cooling Technology

The partnership will expand the current deployment of Phononic 's Merchandising Refrigerator with Pepsi Bottling Ventures customers that include big box retail chains and convenience stores , offering food retailers an innovative and sustainable alternative to compressor-based refrigeration .

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Sources

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10

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Pepsi Bottling Ventures Team

9 Team Members

Pepsi Bottling Ventures has 9 team members, including current Chief Executive Officer, President, Paul Finney.

Name

Work History

Title

Status

Paul Finney

PepsiCo, and Nestle

Chief Executive Officer, President

Current

Derek Hill

Chief Financial Officer

Current

Cynthia Lewis

Visa, Nike, and Qatar Airways

Chief Financial Officer

Current

Mark Johnson

Senior Vice President

Current

Lionel Curitiba

Chief Executive Officer

Former

Name

Paul Finney

Derek Hill

Cynthia Lewis

Mark Johnson

Lionel Curitiba

Work History

PepsiCo, and Nestle

Visa, Nike, and Qatar Airways

Title

Chief Executive Officer, President

Chief Financial Officer

Chief Financial Officer

Senior Vice President

Chief Executive Officer

Status

Current

Current

Current

Current

Former

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