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Board approves PepsiCo beverage contract amid board debate over contract review and fiduciary duties
Summary
Naperville CUSD 203 authorized administration to execute a beverage contract with PepsiCo on June 2, after debate about sponsorship revenue and whether the board should see signed contracts before authorizing execution.
The Naperville CUSD 203 Board of Education on June 2 authorized the administration to execute a beverage contract with PepsiCo that includes an annual sponsorship fee, vending commissions and product donations, but the vote exposed continuing board differences over contract access and fiduciary oversight.
District staff presented three proposals and recommended PepsiCo based on product mix, price points and building administration preference; the Pepsi package in BoardDocs included a sponsorship fee the presentation listed as $220,000 annually plus vending commissions and sideline product kits for athletics. The board then debated whether it should see final, signed contracts before authorizing administration to execute them.
Board member…
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