D. Wayne Calloway

Wayne Calloway (September 12, 1935 – July 8, 1998) was an American business executive. He was chairman and chief executive officer of PepsiCo from 1986 until the mid-1990s. He was chairman of the board of Wake Forest University, which named its undergraduate school of business in his honor in 1995. As of 2007, the Calloway Business School is ranked 17th in the nation for undergraduate business schools by U.S. News & World Report.

Early life and education Calloway was born on September 12, 1935, in Elkin, North Carolina, and spent his childhood in Winston-Salem, North Carolina. His mother, Lether Smith, worked in a Hanes hosiery mill.

He attended Wake Forest University on a basketball scholarship and earned a Bachelor's degree in accounting. His successor was Roger Enrico.

He oversaw a cultural change and significant expansion of the company during the Cola wars, a period of heightened competition between PepsiCo and Coca-Cola.

He received the President's Volunteer Action Award for helping former Braniff International Airways workers find new jobs after Braniff declared bankruptcy in 1982.