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PepsiCo funding new scholarships for NMSU College of Business

PepsiCo’s advertising message “Change the Game” could apply for nine New Mexico State University College of Business undergraduates.


Three men and a woman holding a giant check
New Mexico State University Chancellor Garrey Carruthers, center right, College of Business Dean James Hoffman, right, and Tina Byford, chief operating officer of University Advancement, left, accept a $10,000 check to fund a new Bottling Group LLC current-use scholarship from David DePoy, vice president of Foodservice Sales at Pepsi Bottling Group in Denver. (NMSU Photo by Andres Leighton)

PepsiCo funded a new Bottling Group LLC current-use scholarship with a $10,000 check presentation on Oct. 31. Each student selected for the scholarship will receive $1,000.

NMSU Chancellor Garrey Carruthers and College of Business Dean James Hoffman accepted the check from David DePoy, vice president of Foodservice Sales at Pepsi Bottling Group in Denver.

“We have excellent, hard-working students who benefit and rely on scholarships,” said Dean Hoffman. “Having a great company like PepsiCo invest in our students through the establishment of new scholarships is instrumental for our students’ continued success.”

PepsiCo entered into a corporate sponsorship with NMSU a year ago. The producer of Pepsi soft drinks, Frito-Lay snacks, Gatorade, Tropicana fruit drinks and Quaker oats products looks for ways it can advance education and make it available to all.

“We like the fact that there are a lot of first-generation college students at NMSU,” DePoy said. “The reason we are interested in working with NMSU is to have the opportunity to reach a segment of the population that might not have had the chance to get a business degree.”

DePoy said the scholarship reflects the mission at PepsiCo to develop diversity and have inclusive opportunities for people to work at the company.

Juniors or seniors with a declared major in business and a cumulative grade point average of at least 2.75 are eligible for the scholarship.