INDIA: PepsiCo details India CEO switch
PepsiCo has unveiled a new leader for its operations in India
The Asia, Middle East & Africa (AMEA) division of PepsiCo has announced the appointment of a new leader for its operations in India.
The company said late yesterday (9 December) that D “Shiv” Shivakumar will be chairman & CEO for the India region with the appointment taking immediate effect. When contacted by just-drinks, a spokesperson for PepsiCo AMEA said that Shivakumar replaces Manu Anad, who left the company in June.
Anand, who had held the two positions for two-and-a-half years, moved to Mondelez's Indian unit, the spokesperson added.
Shivakumar joins PepsiCo from Nokia, where he has spent the last ten years. Prior to that, he worked for Hindustan Unilever and Philips Consumer Electronics India. At PepsiCo India he will “oversee all aspects” of the region, as well as being responsible for the company's NourishCo JV with Tata Global Beverages and franchise businesses in Bangladesh, Nepal, Bhutan, Sri Lanka and the Maldives.
PepsiCo also used the announcement to unveil Gautham Mukkavilli, the current GM for PepsiCo India Beverages, as its SVP for business transformation at the AMEA division. Mukkavilli, who assumes the position on 1 March, will “oversee a range of strategic initiatives in both foods and beverages” across Asia, Middle East and Africa.
Both Shivakumar and Mukkavilli will report directly in to Sanjeev Chadha, the CEO of PepsiCo AMEA.
Last month, PepsiCo detailed a INR330bn (US$5.5bn) investment in its India footprint. The spend, which will be utilised between now and 2020, will focus on driving innovation, increasing manufacturing capacity, improving infrastructure and expanding the company's collaborative farming programme.
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