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AMERICAN BEVERAGE ASSOCIATION ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS

FOR IMMEDIATE RELEASE — April 18, 2012 — WASHINGTON, D.C. — The American Beverage Association (ABA) today announced the election of two new members to its Board of Directors. The new members are: Albert P. (Al) Carey, Chief Executive Officer, PepsiCo Americas Beverages, and Paul Finney, President and Chief Executive Officer, Pepsi Bottling Ventures.

"I am pleased to welcome these exceptional leaders in our industry to ABA’s Board of Directors," Tom Bené, chair of ABA’s Board of Directors and president of PepsiCo Foodservice, said. "Our industry is known for its leadership in advancing meaningful solutions, and I look forward to the fresh perspectives of our new board members."

Based in Somers, N.Y., Al Carey assumed his current role with PepsiCo Americas Beverages in September 2011 and is responsible for overseeing all aspects of PepsiCo’s beverage business across North, South and Central America. He joined PepsiCo in 1981 and has served in a variety of positions, including president and chief executive officer for Frito-Lay North America (FLNA). In this role, Carey was responsible for overseeing all of FLNA - the company’s most profitable operating division and largest North American business.

Paul Finney was named President and Chief Executive Officer of Pepsi Bottling Ventures (PBV) on January 1, 2012. Prior to this assignment, Finney served as Senior Vice President, Sales & Marketing from 2006 to 2011. Before joining PBV, Paul spent 17 years with Pepsi-Cola North America in a variety of roles including Vice President of Sales at SoBe and Vice President/General Manager in a variety of locations including Southern California, Texas, and New York.

"The ABA Board of Directors provides critical guidance and decision making which are vital to the success of our association and our industry," said Susan K. Neely, ABA president and chief executive officer. "We are privileged to have such a committed group of industry leaders at the helm of our organization."

Members of ABA’s board of directors serve a four-year term and participate in semi-annual meetings that help shape association policy and initiatives. With the election of these members, there are now 28 members on ABA’s Board of Directors.