PepsiCo wins US Justice Department heavyweight

PepsiCo has hired the former number two at the US Department of Justice as its new general counsel and head of government affairs.

Larry Thompson replaces David Andrews, who will retire in February after an agreed three-year term at the company which he joined from the US State Department. Part of Andrews’ brief on taking the job was to find a successor.

Thompson was deputy attorney general at the Department of Justice until a year ago. Since then, he has taught at the University of Georgia School of Law and was a senior fellow at Washington DC think-tank the Brookings Institution. He is also a member of Delta Airlines’ board of directors. Prior to his time in government, Thompson was a partner at King & Spalding, which is a key adviser to PepsiCo’s biggest rival Coca-Cola.

As deputy attorney general from 2001 to 2003, Thompson supervised operations including the Enron investigation. In 2002, he led the Corporate Fraud Task Force and chaired the National Security Coordination Council.

PepsiCo’s principal advisers in the US are Cravath Swaine & Moore, Davis Polk & Wardwell, Jones Day, Kaye Scholer, Schiff Hardin and Wilmer Cutler Pickering Hale and Dorr.