A Pepsi Challenge

PepsiCo's largest bottler names a new finance chief; plus, outdoor-clothing company Wolverine promotes its controller. StaffJune 26, 2001
  • Pepsi Bottling Group Inc., the largest bottler of PepsiCo Inc. drinks, named Alfred Drewes SVP and CFO. Drewes succeeds Lionel Nowell, who is leaving the Somers, N.Y.- based firm to pursue other opportunities. Drewes most recently served as SVP and CFO of Pepsi-Cola International, one of the two main divisions of PepsiCo. His appointment is effective immediately.
  • Nicholas P. Ottenwess is sporting a new look these days. Wolverine World Wide Inc. appointed him to the post of VP of Finance, to report to EVP and CFO Stephen L. Gulis Jr. Ottenwess, who joined the marketer of casual and outdoor clothing and accessories 13 years ago, was most recently corporate controller of the Rockford, Mich.-based firm.
  • A Straight Shooter: Electronics components and computer distributor Arrow Electronics Inc. said it named Robert Klatell as interim finance chief, following the resignation of Sam R. Leno, who left the company. Klatell is EVP of the Melville, N.Y.-based company. Leno left the company to become CFO of Zimmer Holdings Inc., a wholly owned unit of Bristol-Myers Squibb Co.
  • It’s Going to Be a Gas: Denver-based oil company Gasco Energy Inc. named W. King Grant to the top finance post. Grant joins Gasco from catalog and Internet retailer, where he was EVP and CFO. A former banker, he previously worked for ING Barings LLC, where he was a senior vice president in the natural resources group.
  • Stay Tuned: Six months after joining ad firm The Lowe Group as CFO, Suzanne Gilbert is moving to Interpublic Group of Cos. sibling media firm Initiative Media Worldwide to become vice chairman and CFO, reports AdWeek. Gilbert replaces Joseph Studley, who is expected to become CFO of The Partnership, sources told AdWeek. The Partnership is the new group of agencies formed as a result of IPG’s acquisition of True North Communications. Before arriving at Lowe six months ago, Gilbert was EVP, CFO, and chief administrative officer of Campbell- Ewald, where her clients included General Motors, Chevrolet and Continental Airlines.