NVIDIA names former PepsiCo executive to its board

NVIDIA names former PepsiCo executive Dawn Hudson as a director

Associated Press

Nvidia Corp. said Tuesday that it named Dawn Hudson, former CEO of PepsiCo's $6 billion North American beverage business, to its board.

The company, based in Santa Clara, Calif., makes graphics chips and processors for phones and tablets.

Hudson, 55, is currently the vice chairman of Parthenon Group, an international strategy consulting group. She previously spent 11 years at PepsiCo Inc. in top marketing, strategy and management roles. She has also worked at a number of advertising agencies on marketing, advertising and branding strategy.

Hudson has also served on the boards of Lowe's Home Improvement Co., Allergan Inc. and Interpublic Group of Companies Inc.

Her appointment expands Nvidia's board to 10 members.

Nvidia's non-employee directors receive a mix of cash and equity awards with an approximate annual value of $300,000, including a cash retainer of $75,000, according to a filing with the Securities and Exchange Commission.

The company's shares fell 2 cents to $14.21 by midday, following broader market trends.

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