AutoZone vs PepsiCo: Founders, CEOs and History
AutoZone was founded in 1979 by J.R. 'Pitt' Hyde III and is led by Philip B. Daniele. PepsiCo was founded in 1965 by Caleb Bradham, Donald M. Kendall, Herman W. Lay and is led by Ramon Laguarta.
Company facts
Founders
AutoZone
J.R. 'Pitt' Hyde III
AutoZone was founded in 1979 by Joseph R. 'Pitt' Hyde III, and its origins are intertwined with the wholesale grocery industry of the American South. Hyde was the grandson of J.R.
PepsiCo
Caleb Bradham
Caleb Bradham created "Brad's Drink" at his New Bern pharmacy in 1898, renamed it Pepsi-Cola and incorporated the Pepsi-Cola Company in 1902.
Donald M. Kendall
Donald M. Kendall led Pepsi-Cola and engineered its 1965 merger with Frito-Lay to form PepsiCo, which he ran as CEO until 1986.
Herman W. Lay
Herman W. Lay (1909-1982) started his career as a snack food salesman. In 1932, he opened a snack food operation in Nashville, Tennessee, eventually purchasing the manufacturer and renaming it H.W. Lay & Company.
CEOs and their tenures
AutoZone
- J.R. 'Pitt' Hyde III1979–1997
Founder, Chairman and Chief Executive Officer
Hyde was running Malone & Hyde, his family's Memphis wholesale grocery business, when he opened the first Auto Shack store in Forrest City, Arkansas on July 4, 1979 as its auto parts division.
Source - John Adams1997–2001
Chairman and Chief Executive Officer
Adams became chairman and chief executive in 1997 when founder Pitt Hyde retired, and ran the company through its most acquisitive year.
Source - Steve Odland2001–2005
Chairman, President and Chief Executive Officer
Odland was named chairman, president and chief executive in January 2001 and held the roles until March 2005, when he resigned to become chairman and chief executive of Office Depot.
Source - William C. Rhodes III2005–2024
Executive Chairman; Former President and Chief Executive Officer
Rhodes, an accounting graduate of the University of Tennessee at Martin with an MBA from the University of Memphis, worked as a manager at Ernst & Young before joining AutoZone in 1994 and rising to president and CEO in 2005, a role he held for nearly 19 years…
Source - Philip B. Daniele III2024–present
Chief Executive Officer
Philip B. Daniele III has served as president and chief executive officer since January 2, 2024.
Source
PepsiCo
- D. Wayne Calloway1986–1996
Chief Executive Officer
He more than doubled PepsiCo's revenues during his tenure and heavily invested in the restaurant division before it was later spun off.
Source - Roger Enrico1996–2001
Chief Executive Officer
He dramatically simplified the company's structure, allowing it to focus resources on its core grocery and convenience store distribution networks.
Source - Steven Reinemund2001–2006
Chief Executive Officer
He oversaw significant international expansion and revenue growth, setting a strong operational foundation before handing leadership to Nooyi.
Source - Indra Nooyi2006–2018
Chief Executive Officer
Under her 12-year tenure as CEO, PepsiCo's revenue grew by more than 80%, and she fundamentally reshaped the company's identity from a junk-food purveyor to a diversified global food and beverage giant.
Source - Ramon Laguarta2018–present
Chairman of the Board & Chief Executive Officer
He sustained strong organic revenue growth and protected operating margins through historically challenging supply chain conditions, while committing the company to major sustainability and packaging reduction goals.
Source
Timeline: AutoZone and PepsiCo side by side
1898PepsiCo
Pepsi-Cola Invented in North Carolina
Caleb Bradham formulated the original digestive cola syrup in his drugstore.
1965PepsiCo
Historic Merger of Pepsi-Cola & Frito-Lay
Donald Kendall and Herman Lay created PepsiCo, uniting snacks and soft drinks.
1975PepsiCo
Launch of the Pepsi Challenge
National blind taste tests shook Coca-Cola's market dominance and redefined advertising.
1979AutoZone
Founding of Auto Shack
J.R. 'Pitt' Hyde III opens the first Auto Shack store in Forrest City, Arkansas on July 4, 1979 as the auto parts division of Malone & Hyde, his family's Memphis wholesale grocery business. First-day sales total US$300.
1983AutoZone
100th store opens
Auto Shack opens its 100th store, in Weslaco, Texas, four years after the first. The chain reaches 190 locations in 13 states by 1984.
1984AutoZone
Management buyout with KKR
Malone & Hyde, including its Auto Shack division and its 194 stores in 13 states, is taken private in a management buyout involving Hyde and Kohlberg Kravis Roberts.
1986AutoZone
Spin-off, Duralast and Loan-A-Tool
Auto Shack is spun off from Malone & Hyde as its own company with Hyde and president Peter Formanek in charge. The Duralast brand launches with alternators and starters, and the Loan-A-Tool program begins. Radio Shack sues for trademark infringement.
1987AutoZone
Rebranding to AutoZone
After Radio Shack wins its trademark case on appeal, the company announces it will rename itself AutoZone, changing signage and packaging across 459 stores in 16 states.
1991AutoZone
Initial public offering
Hyde and KKR take the company public in April 1991 on the New York Stock Exchange under the ticker AZO. KKR holds a majority of the stock at first and begins selling down by 1993.
1995AutoZone
1,000th store and Duralast batteries
AutoZone opens its 1,000th store, in Louisville, Kentucky, and launches the Duralast and Duralast Gold batteries. It ends the year with 1,143 stores in 26 states.
1996AutoZone
Acquisition of ALLDATA
AutoZone buys ALLDATA, an Elk Grove, California provider of automotive diagnostic and repair information, in a stock deal valued at about US$56 million, and launches its website the same year.
1997PepsiCo
Restaurant Business Spun Off
PepsiCo spun off its restaurant businesses (Pizza Hut, Taco Bell and KFC) as Tricon Global Restaurants, now Yum! Brands, in 1997.
1998AutoZone
Chief Auto Parts acquisition
AutoZone completes its roughly US$280 million purchase of Chief Auto Parts on June 29, 1998, adding more than 550 stores, close to 400 of them in California, and takes the leading share of that market.
1998AutoZone
First store outside the United States
AutoZone opens its first international store in Nuevo Laredo, Mexico in December 1998, after a year in which it also bought Auto Palace, TruckPro and Express stores from Pep Boys.
1998PepsiCo
Acquisition of Tropicana ($3.3B)
Acquired chilled orange juice leader Tropicana to dominate morning beverages.
2001AutoZone
New chief executive and 3,000th store
Steve Odland is named chairman and chief executive in January 2001, replacing John Adams. AutoZone opens its 3,000th store in Cicero, Illinois in May and sells its TruckPro division in December.
2001PepsiCo
Acquisition of Quaker Oats & Gatorade ($13.4B)
Acquired Quaker Oats, adding sports hydration pioneer Gatorade to the portfolio.
2005AutoZone
Bill Rhodes becomes chief executive
William C. Rhodes III is named president and chief executive in March 2005 after Steve Odland leaves for Office Depot, with founder Pitt Hyde returning as interim non-executive chairman. AutoZone opens its first Puerto Rico store in Bayamon.
2006PepsiCo
Indra Nooyi becomes CEO
Indra Nooyi became CEO of PepsiCo in 2006. Chief executive of PepsiCo from 2006 to 2018.
2011PepsiCo
Wimm-Bill-Dann Acquired
PepsiCo completed its acquisition of the Russian dairy and juice company Wimm-Bill-Dann in 2011.
2012AutoZone
Brazil, Alaska and AutoAnything
AutoZone enters Brazil with a store in Sao Paulo, opens its 5,000th store in Wasilla, Alaska, its 49th state, and buys online accessories retailer AutoAnything in December.
2018AutoZone
Divestitures and founder leaves the board
AutoZone sells Interamerican Motor Corporation to Parts Authority and AutoAnything to Kingswood Capital in February 2018, refocusing on stores and hubs. Founder Pitt Hyde announces in October that he will step down from the board.
2018PepsiCo
Acquisition of SodaStream ($3.2B) & Ramon Laguarta Appointed CEO
Acquired SodaStream to pioneer eco-friendly dispensing; Ramon Laguarta took over as CEO.
2022PepsiCo
Strategic Distribution Alliance with Celsius ($550M)
Secured master global distribution for fast-growing energy brand Celsius.
2024AutoZone
Leadership transition to Phil Daniele
Philip B. Daniele III becomes president and chief executive officer on January 2, 2024, succeeding William C. Rhodes III, who becomes executive chairman after nearly 19 years as chief executive.
2025PepsiCo
poppi Acquisition and Elliott-Backed Plan
Closed the $1.95 billion poppi deal and announced a North America cost and pricing reset in December.
2026AutoZone
First year above US$20 billion of sales
AutoZone reports net sales of US$20.34 billion for the fiscal year ended August 29, 2026, up 7.4 percent, with net income of US$2.57 billion, total company same store sales up 4.5 percent, a record 374 new stores and 8,031 stores at year end, including 172 meg…
2026PepsiCo
Price Cuts on Core Snacks
Lowered prices on major Frito-Lay brands by up to 15% to recover US volumes.
Acquisitions
AutoZone
- Interamerican Motor Corporation2014Undisclosed
- AutoAnything2012Undisclosed
- Auto Palace1998$55M
- Chief Auto Parts1998$280M
- ALLDATA1996$56M
PepsiCo
- poppi2025$1.9B
- SodaStream International2018$3.2B
- The Quaker Oats Company (including Gatorade)2001$13.4B
- Tropicana Products1998$3.3B
Questions about AutoZone vs PepsiCo
Who is the CEO of AutoZone, Inc. and PepsiCo, Inc.?
AutoZone, Inc. is led by Philip B. Daniele and PepsiCo, Inc. is led by Ramon Laguarta. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was AutoZone, Inc. founded vs PepsiCo, Inc.?
PepsiCo, Inc. was founded in 1965 — 14 years before AutoZone, Inc., which was founded in 1979. PepsiCo, Inc.'s longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger AutoZone, Inc..
How many employees does AutoZone, Inc. have compared to PepsiCo, Inc.?
AutoZone, Inc. employs approximately 130,000 people, while PepsiCo, Inc. employs approximately 306,000. PepsiCo, Inc. has the larger workforce at 306,000 employees, compared to AutoZone, Inc.'s 130,000. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are AutoZone, Inc. and PepsiCo, Inc. headquartered?
Both AutoZone, Inc. and PepsiCo, Inc. are headquartered in United States, meaning they operate under the same primary regulatory and tax environment.
Who founded AutoZone, Inc. and PepsiCo, Inc.?
AutoZone, Inc. was founded by J.R. 'Pitt' Hyde III. PepsiCo, Inc. was founded by Caleb Bradham, Donald M. Kendall, Herman W. Lay.
Which company has a longer operating history — AutoZone, Inc. or PepsiCo, Inc.?
PepsiCo, Inc. has been operating for approximately 61 years, making it the more established of the two companies. AutoZone, Inc. has been in operation for around 47 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the AutoZone vs PepsiCo overview