PepsiAmericas Names Alex Ware Chief Financial Officer; Andre Hawaux to

    Business Editors

    MINNEAPOLIS--(BUSINESS WIRE)--March 21, 2005--PepsiAmericas, Inc. (NYSE:PAS) announced today that Alex Ware has assumed the position of executive vice president and chief financial officer. Mr. Ware replaces Mike Durkin, who recently accepted the role of executive vice president of US operations for the company. Mr. Ware will report to PepsiAmericas' chairman and chief executive officer, Robert C. Pohlad, and will lead the company's global finance function.
    "Alex has broad financial expertise with experience in investment banking, strategy and planning, M&A and corporate finance," said Mr. Pohlad. "He will focus on building shareholder value by maintaining our strong relationship with the investment community and managing our finance and treasury initiatives."
    Mr. Ware, age 42, served as senior vice president, planning and corporate development from January 2003 to March 2005. Prior to this role he served as vice president finance for PepsiAmericas' East Group. He joined PepsiAmericas in 1999 from PepsiCo, where he held a number of finance, strategic planning and corporate development roles.
    PepsiAmericas also announced that Andre Hawaux will join the company on May 9, 2005, as senior vice president, strategy and corporate development. Mr. Hawaux, age 44, joins PepsiAmericas from Pepsi-Cola North America where he was chief financial officer for the PepsiCo beverage unit. An industry veteran with extensive planning, international and financial experience, Mr. Hawaux has spent the last 25 years in the Pepsi system, holding positions in corporate finance and audit, business planning and international finance.
    "I am extremely pleased with the strength of PepsiAmericas' executive team," said Mr. Pohlad. "Over the last two years, we have demonstrated consistent performance and we continue to challenge our worldwide operations to strengthen operating synergies and increase revenue growth. These senior-level management changes should ensure this progress continues."
    PepsiAmericas is the second-largest Pepsi bottler with operations in 19 states, Central Europe including Poland, Hungary, the Czech Republic, and Republic of Slovakia, and the Caribbean including, Puerto Rico, Jamaica, the Bahamas, Barbados and Trinidad and Tobago. In total, PepsiAmericas serves geographic areas with a population of more than 122 million people. PepsiAmericas manufactures, distributes and markets a broad portfolio of Pepsi-Cola, and other national and regional brands. PepsiCo, Inc. (NYSE:PEP) beneficially owns a 41 percent equity interest in PepsiAmericas.
    For more information on PepsiAmericas, please visit our Web site at www.pepsiamericas.com.

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CONTACT: PepsiAmericas, Inc., Minneapolis Media: Mary Viola, 847-483-6760 mary.viola@pepsiamericas.com or Investor Relations: Kathryn Koessel, 612-661-3830 kathryn.koessel@pepsiamericas.com

KEYWORD: MINNESOTA INDUSTRY KEYWORD: FOODS/BEVERAGES RETAIL MANAGEMENT CHANGES SOURCE: PepsiAmericas, Inc.

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