Karl von der Heyden

Karl von der Heyden was Vice Chairman of the Board of Directors of PepsiCo, Inc. from 1996 to 2001. He had rejoined the Company in September 1996 as Vice Chairman and Chief Financial Officer. During his tenure, he concentrated on re-focusing the company by spinning off or selling the restaurant companies, buying Tropicana and Quaker Oats, and taking the bottling business, Pepsi Bottling Group, public, among other things. He had previously retired from RJR Nabisco, where he was co-chairman and chief executive officer, through May 1993 and chief financial officer since 1989.

In December 1993 he took over as president and chief executive officer at financially troubled Metallgesellschaft Corp. on an interim basis and successfully restructured the company in a period of seven months. He had also served as Chairman of the Financial Accounting Standard Board’s Advisory Council (FASAC).

Before joining RJR Nabisco, Mr. von der Heyden was senior vice president, chief financial officer and a director of H.J. Heinz Company. He joined Heinz in 1980 as vice president of finance and treasurer. Previously, Mr. von der Heyden had worked for PepsiCo in various senior management capacities: vice president, controller from 1974 to 1977, chief financial officer of Pepsi-Cola Company from 1977-1979, and then vice president of manufacturing for the Pepsi-Cola Bottling Group.

Mr. von der Heyden began his business career as a management trainee at the Berliner Bank AG. He joined Coopers & Lybrand, Philadelphia, in 1963, and in 1966 he moved to Pitney Bowes, where he advanced to the position of corporate controller.

Mr. von der Heyden was born in 1936 in Berlin, Germany and attended the Free University of Berlin. He graduated from Duke University in 1962 and obtained an MBA degree from the Wharton School of the University of Pennsylvania in 1964.

Mr. von der Heyden is the recipient of The International Center in New York's Award of Excellence.

Mr. von der Heyden is currently on the Board of Directors of Macys, Inc., New York Stock Exchange Group, and Dreamworks Animation. He is a trustee of the American Academy in Berlin, Duke University, and the National Humanities Center. He has two children and five grandchildren, and lives with his wife, Mary Ellen, in New York City.