From left to right:

Ira D. Hall, 58, was elected to PBG's Board in March 2003. Mr. Hall has been Chief Executive Officer of Utendahl Capital Management, L.P. since 2002. From 1999 to 2001, he was Treasurer of Texaco Inc. and General Manager, Alliance Management for Texaco Inc. from 1998 to 1999. From 1985 to 1998, Mr. Hall held several positions with International Business Machines.

Susan D. Kronick, 51, (seated), was elected to PBG's Board in March 1999. Ms. Kronick became Vice Chairman of Federated Department Stores in February 2003. Previously, she had been Group President of Federated Department Stores since April 2001. From 1997 to 2001, Ms. Kronick was Chairman and Chief Executive Officer of Burdines, a division of Federated Department Stores. From 1993 to 1997, Ms. Kronick served as President of Federated's Rich's/Lazarus/ Goldsmith's division. (1,2)

Blythe J. McGarvie, 46, was elected to PBG's Board in March 2002. Ms. McGarvie is President of Leadership for International Finance, a private consulting firm. From 1999 to December 2002, Ms. McGarvie was Executive Vice President and Chief Financial Officer of BIC Group. Ms. McGarvie is a Certified Public Accountant and has also held senior positions at Hannaford Bros. Co., Sara Lee Corporation and Kraft General Foods, Inc. (1,2)

Margaret D. Moore, 55, was elected to the Board in January 2001. Ms. Moore is Senior Vice President, Human Resources of PepsiCo, a position she assumed at the end of 1999. From November 1998 to December 1999, she was Senior Vice President and Treasurer of PBG. Prior to joining PBG, Ms. Moore spent 25 years with PepsiCo in a number of senior financial and human resources positions. (2)

John T. Cahill, 45, was elected to PBG's Board in January 1999 and became Chairman of the Board in January 2003. He has been PBG's Chief Executive Officer since September 2001. Previously, Mr. Cahill served as President and Chief Operating Officer, and prior to that as Executive Vice President and Chief Financial Officer. He was Executive Vice President and Chief Financial Officer of the Pepsi-Cola Company from April 1998 to November 1998.

Thomas H. Kean, 67, was elected to PBG's Board in March 1999. Mr. Kean has been President of Drew University since 1990 and was the Governor of the State of New Jersey from 1982 to 1990. Mr. Kean is also Chairman of The National Commission on Terrorist Attacks Upon the United States. (2,3)

Craig E. Weatherup, 57, (seated), was elected to PBG's Board in January 1999. He was Chairman of the Board of PBG from March 1999 to January 2003. Mr. Weatherup retired as Chairman of the Board in 2003, but continues to serve on the Board as a non-employee director. Mr. Weatherup was also Chief Executive Officer of PBG from March 1999 to September 2001.

Linda G. Alvarado, 50, was elected to PBG's Board in March 1999. She is President and Chief Executive Officer of Alvarado Construction, Inc., a general contracting firm specializing in commercial, industrial, environmental and heavy engineering projects, a position she assumed in 1976. (2,3)

Barry H. Beracha, 61, was elected to PBG's Board in March 1999. He has been Chief Executive Officer of Sara Lee Bakery Group since August 2001. Previously, Mr. Beracha was Chairman of the Board and Chief Executive Officer of The Earthgrains Company since 1993. Earthgrains was formerly part of Anheuser-Busch Companies, where Mr. Beracha served from 1967 to 1996. (1,2)

Clay G. Small, 53, was elected to PBG's Board in May 2002. Mr. Small is Senior Vice President and General Counsel of Frito-Lay, Inc., a subsidiary of PepsiCo. Mr. Small joined PepsiCo as an attorney in 1981. He served as Vice President and Division Counsel of Pepsi-Cola Company from 1983 to 1987 and Senior Vice President and General Counsel of Pizza Hut, Inc. from 1987 to 1997. (2)

Committees:
1. Audit and Affiliated Transactions
2. Compensation and Management Development
3. Nominating and Corporate Governance

OFFICERS (Not pictured)

Richard W. Almquist
Business Unit
General Manager, Texoma
5 years

Neal A. Bronzo
Senior Vice President and
Chief Information Officer
12 years

John T. Cahill
Chairman and
Chief Executive Officer
13 years

Jaime Costa Lavìn
Chief Executive Officer, PBG Mexico
5 months

L. Kevin Cox
Senior Vice President and Chief Personnel Officer
13 years

Alfred H. Drewes
Senior Vice President and Chief Financial Officer
21 years

Andrea L. Forster
Vice President and Controller
15 years

Eric J. Foss
President, PBG North America
20 years

Brent J. Franks
Senior Vice President, Sales and Marketing
21 years

Christopher D. Furman
Business Unit
General Manager, Spain
16 years

Scott J. Gillesby
Business Unit
General Manager, Central
21 years

James Keown
Business Unit
General Manager, Southeast
27 years

Robert C. King
Business Unit
General Manager, Mid-Atlantic
13 years

Harrald F. Kroeker
Managing Director, Transition
PBG Mexico
17 years

Linda Kuga Pikulin
President, PBG Canada
21 years

Pamela C. McGuire
Senior Vice President,
General Counsel and Secretary
25 years

Yiannis Petrides
President, PBG Europe
15 years

Craig A. Reese
Business Unit
General Manager,
Southern California
18 years

Eric W. Reinhard
Business Unit
General Manager, Great West
19 years

William L. Robinson
Business Unit
General Manager,
Pacific Northwest
18 years

Barry J. Shea
Business Unit
General Manager, Russia
26 years

Paul T. Snell
Business Unit
General Manager, Northeast
26 years

Gary K. Wandschneider
Senior Vice President, Operations
21 years