News that PepsiCo has reorganised its senior management team following the departure of Frito-Lay North America CEO Tom Greco prompted a flurry of speculation on whether the company is lining up a successor to CEO Indra Nooyi. However, Katy Askew suggests bringing the company's North American businesses under a single leader can also be viewed as a natural extension of PepsiCo's "power of one" strategy.