Coca-Cola Co. and PepsiCo Inc., both government contractors, are preparing to comply with President Donald Trump’s executive order banning diversity, equity and inclusion programs, according to people familiar with the matter.

Coca-Cola (KO) and PepsiCo (PEP) are planning to comply with the Trump administration's new policy on diversity, equity, and inclusion programs, Bloomberg reported Thursday, citing sources.

Kroger has officially announced its new Chief Financial Officer. The Cincinnati-based company announced David Kennerley, the senior vice president and CFO for PepsiCo Europe, as senior vice president and chief financial officer. The move will be effective April 3.

Kennerley joined PepsiCo in 2001 as a manager in the beverage giant’s international corporate finance/treasury department. The Kroger Co. This story was originally published on Supermarketnews. Kroger on Wednesday said it has named longtime PepsiCo financial executive David Kennerley senior VP and chief financial officer,