Raleigh, N.C.-based Pepsi Bottling Ventures LLC (PBV), a joint venture of Suntory Group and PepsiCo, named Derek Hill as president and chief executive officer (CEO). The announcement followed the retirement of Paul Finney, who served as president and CEO from 2012-2021. 

Pepsi Bottling Ventures LLC (PBV), Raleigh, N.C., the joint venture between Purchase, N.Y.-based PepsiCo Inc. and Japan-based Suntory International, announced it will officially begin operating in a newly constructed, 200,000-square-foot sales and distribution facility located on 32 acres off Highway 49 in Harrisburg, N.C.  

Purchase, N.Y.-based PepsiCo and two of its independent bottlers, Raleigh, N.C.-based Pepsi Bottling Ventures LLC (PBV) and the Honickman Group's Pepsi-Cola Bottling Company of New York (PCNY), College Point, N.Y., announced their intent to transfer certain franchise ownerships in New York, North Carolina, Idaho and Vermont in order to drive local growth.

Raleigh, N.C.-based Pepsi Bottling Ventures (PBV), the largest privately held bottler for PepsiCo beverages in North America, plans to expand its bottling operations in Winston-Salem, N.C., with a new facility.