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.

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,

The appointment comes two months after Kroger’s $25 billion merger with Albertsons was blocked by an Oregon District Court judge.