PepsiCo, on Monday, appointed D. Shivakumar, a former senior executive with the Finnish handset maker Nokia, as the company’s new Chairman and Chief Executive Officer for the Indian region.
The company, in a statement, said Mr. Shivakumar would oversee aspects of PepsiCo’s India region, which includes brands such as Pepsi-Cola, Lay’s potato chips, Slice mango beverage, Kurkure snacks, Tropicana juices and Quaker oats.
He would also be responsible for the NourishCo joint venture with Tata Global Beverages and franchise businesses in Bangladesh, Nepal, Bhutan, Sri Lanka and the Maldives, it added.
“He will be responsible for strategically deploying the Rs.33,000-crore investment in India that PepsiCo announced last month,’’ the company said.
Pepsico also elevated Gautham Mukkavilli, current general manager for PepsiCo India Beverages, as Senior Vice-President, Business Transformation — AMEA (Asia, Middle East and Africa), effective March 1, 2014.
In this new role, Mr. Mukkavilli will oversee a range of strategic initiatives in foods and beverages across Asia, the Middle East and Africa.
Both Mr. Shivakumar and Mr. Mukkavilli will report directly to Sanjeev Chadha, CEO, PepsiCo AMEA.
“Shiv is one of India’s most respected business leaders. He has a proven ability to take billion-dollar businesses to the next level by maximising innovation, execution and collaboration,” PepsiCo Inc Chairman and CEO Indra Nooyi said.
