BOARDOFDIRECTORSINFORMATION Background Mrs. Nooyi was the Chief Executive Officer of PepsiCo, Inc., a multinational food, snack, andbeveragecompany,fromOctober2006toOctober2018,whereshealsoservedas the Chair of its board of directors from May 2007 to February 2019. She was elected to PepsiCo’s board of directors and became its President and Chief Financial Officer in 2001, and held leadership roles in finance and corporate strategy and development after joining PepsiCo in 1994. Mrs. Nooyi has served as a director of Royal Philips since May 2021 and a director of Schlumberger Limited from April 2015 to April 2020. Mrs. Nooyi has also served as a trustee of The Asia Society, a global non-profit organization forging closer ties with Asia through arts, education, policy, and business outreach, since 2014; as a director of Indra K. Nooyi Partnership for Public Service, a non-profit, nonpartisan organization that strives for a moreeffective government for the American people, since 2019; as a trustee of FormerChairandCEO Memorial Sloan Kettering Cancer Center, the world’s oldest and largest private cancer of PepsiCo, Inc. center, since 2020; and as a trustee of the National Gallery of Art since 2021. Qualifications and Skills Mrs. Nooyi’s individual qualifications and skills as a director include her leadership experience as a longtime senior executive at a large corporation with international operations, through which she gained experience with consumer-focused product development, international operations, and marketing issues, as well as her customer experience skills and skills relating to financial statement and accounting matters when she was CFO. At PepsiCo, Mrs. Nooyi was the architect of Performance with Purpose (“PwP”), a strategy focused on delivering financial performance while shifting the company’s portfolio to healthier products (human sustainability), reducing water use and the company’s carbon footprint and moving to a closed loop plastics system (environmental sustainability), and creating an environment at PepsiCo where all employeescouldbesupportedasassociates and family builders/nurturers (talent sustainability). Mrs. Nooyi’s PwP was lauded for advancing environmental issues, implementing excellent governance, and sensible people practices. Age: Director since: Boardcommittees: Othercurrentpubliccompanyboards: 66 February 2019 Audit (Chair) Royal Philips Background Mr. Rubinstein was co-CEO of Bridgewater Associates, LP, a global investment managementfirm,fromMay2016toApril2017.Previously,Mr.RubinsteinwasSenior Vice President, Product Innovation, for the Personal Systems Group at the Hewlett- Packard Company(“HP”), a multinational information technology company, from July 2011 to January 2012, and served as Senior Vice President and General Manager, PalmGlobalBusiness Unit, at HP from July 2010 to July 2011. Mr. Rubinstein was Chief Executive Officer and President of Palm, Inc., a smartphone manufacturer, from June 2009 until its acquisition by HP in July 2010, and Chair of the Board of Palm, Inc. fromOctober2007throughtheacquisition. Prior to joining Palm, Mr. Rubinstein was a Senior Vice President at Apple Inc., also serving as the General Manager of the iPod Division. JonathanJ.Rubinstein Mr. Rubinstein has served as the lead director of Robinhood Markets, Inc. since May 2021 Formerco-CEOofBridgewater andadirector of Qualcomm Incorporated from May 2013 to May 2016. Associates, LP Qualifications and Skills Mr. Rubinstein’s individual qualifications and skills as a director include his leadership and technology experience as a senior executive at large financial and technology companies, through which he gained experience with hardware devices and emerging technologies, as well as his customer experience skills and skills relating to financial statement and accounting matters. Mr. Rubinstein also has deep experience addressing human capital managementissues,including oversight of workplace environment and culture, as well as in-depth knowledge of diversity, equity, and inclusion matters and environmental issues, through his roles as a senior executive and director at numerous technology and finance companies. Age: Director since: Boardcommittees: Othercurrentpubliccompanyboards: 65 December2010 Nominating and RobinhoodMarkets, Inc. Corporate Governance 2022ProxyStatement 7
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