PepsiCo Inc., Purchase, N.Y., announced senior leadership appointments that support the company's strategic priorities and growth agenda.

Minneapolis-based Caribou Coffee, a subsidiary of JAB Holding Co., announced that John Butcher has been appointed president and chief executive officer. Butcher has served as president of Caribou Coffee since joining the company in June of 2017. 

Southern Glazer’s Wine & Spirits, Dallas and Miami, announced that it has appointed John Acott to the position of vice president of general market of Southern Glazer’s Illinois.

Vintage Wine Estates, Santa Rosa, Calif., has appointed Jeff Nicholson to the new role of chief operating officer. Most recently, Nicholson was an operating partner at AGR Partners. AGR Partners is an investment firm dedicated to food and agribusiness who acquired a minority equity stake in Vintage Wine Estates in April 2018. Nicholson will continue to be on the Advisory Board for AGR Partners.

Welch’s, Concord, Mass., has appointed Trevor Bynum as President and CEO, effective Oct. 1. Bynum succeeds Brad Irwin, who will be retiring after 10 years leading the organization.

The American Beverage Association (ABA), Washington, D.C., announced that Katherine Lugar, president and chief executive officer (CEO) of the American Hotel & Lodging Association (AHLA), will join ABA as its new president and CEO later this year. Lugar will succeed Susan K. Neely, who led the ABA for 13 years. Neely was named president and CEO of the American Council of Life Insurers (ACLI) in May 2018.

After 12 years as chief executive officer (CEO) of PepsiCo Inc., Purchase, N.Y., Indra Nooyi announced that she will step down Oct. 3. Nooyi has been with the company for 24 years. She will remain chairman until early 2019. Following a unanimous election by the Board of Directors, Ramon Laguarta, president of PepsiCo, will assume the CEO position as well as election to the Board of Directors.

Starbucks Coffee Co., Seattle, Wash., announced that their iconic leader and visionary entrepreneur Howard Schultz is stepping down from his role as executive chairman and member of the Board of Directors, effective June 26. He will be honored with the title of chairman emeritus, the company said in a statement. The company will continue to be led by Kevin Johnson, chief executive officer (CEO) and member of the Board of Directors, it added.