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Home » Media » Press Releases » PepsiCo Asia, Middle East and Africa (AMEA) announces top level management appointments

PepsiCo Asia, Middle East and Africa (AMEA) announces
top level management appointments

Reputed leader D Shivakumar named Chairman and CEO, India Region

PepsiCo veteran Gautham Mukkavilli named SVP, Business Transformation - AMEA



Dubai and New Delhi, December 9, 2013 - PepsiCo today announced two key senior management appointments in its Asia, Middle East and Africa (AMEA) division. D “Shiv” Shivakumar has been named Chairman and CEO, India Region, effective immediately. Shivakumar will oversee all aspects of PepsiCo’s India Region, which includes many of India’s most beloved food and beverage brands such as Pepsi-Cola, Lay’s potato chips, Slice mango beverage, Kurkure snacks, Tropicana juices and Quaker oats, as well as the NourishCo joint venture with Tata Global Beverages and franchise businesses in Bangladesh, Nepal, Bhutan, Sri Lanka and the Maldives. He will be responsible for strategically deploying the Rs. 33,000 crore investment in India that PepsiCo announced last month.

Gautham Mukkavilli, current General Manager for PepsiCo India Beverages, has been named SVP, Business Transformation – AMEA, effective March 1, 2014. In this new role, Mukkavilli 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 to Sanjeev Chadha, CEO – PepsiCo AMEA.

“I’m thrilled to have two leaders of Shiv and Gautham’s stature playing key roles in driving PepsiCo’s business forward in AMEA,” said Chadha. “Both men embody the passion and excellence that will strengthen AMEA’s position as the growth engine of PepsiCo as they bring their unique skills to bear in their respective roles.”

Shivakumar is one of India’s most experienced and proven business leaders. His track record of success spans multiple industries from consumer products to technology to telecom. Most recently, as a senior executive with Nokia for most of the past decade, he led India to become Nokia’s top-ranked market by revenue and one of its most profitable geographies. Previously, he spent 14 years at Hindustan Unilever, where he grew the Lipton tea brands to historic volumes, and three years at Philips Consumer Electronics India, doubling the company’s revenues over that period.

“Shiv is a natural leader,” said Chadha. “He is known to be a great coach and mentor who inspires people to do their best and overcome challenges with a smile on their face.”

“PepsiCo is one of the world’s most innovative, respected and successful companies,” said Shiv. “I love the PepsiCo team’s passion to win, its strong values, and the philosophy of Performance with Purpose. I am thrilled to carry on the tradition of excellence, excitement and purpose that PepsiCo’s extremely talented team has established – I am looking forward to working with those team members, and helping them achieve many more milestones to be proud of in the years to come.”

Shivakumar is an Engineer from IIT Chennai and an MBA from IIM Calcutta. He is currently a member of the Board of Governors of IIM Ahmedabad and immediate Past-President of the All-India Management Association.

Mukkavilli brings to his new role more than 22 years of rich and diverse PepsiCo experience. In his most recent assignment, he led the development of the long-term beverage strategy that will drive PepsiCo’s recently-announced investment in India. Previously he held important roles across PepsiCo’s Foods, Beverages and Nutrition businesses in India, Vietnam, Thailand, Dubai and the U.S. Mukkavilli has an MBA from IIM Ahmedabad.

“Gautham is one of our most respected senior leaders,” said Chadha. “The AMEA sector will benefit greatly from his strategic skillset as Gautham leads key transformational projects across our priority markets, including India.”

On November 16, PepsiCo announced plans for the company and its partners to invest Rs. 33,000 crores (US$5.5 billion) in India by 2020. This investment is expected to further strengthen and expand PepsiCo’s capabilities in the following strategic areas:

  • Innovation: PepsiCo will continue to expand the range of foods and beverages in its portfolio to cater to the wide and evolving needs of Indian consumers. PepsiCo has a long history of successfully innovating for the Indian market, and PepsiCo India already has organically built eight brands that generate Rs. 1,000 crores or more in estimated annual retail sales. (Pepsi, Lay’s, Kurkure, 7UP, Slice, Mirinda, Mountain Dew and Aquafina)
  • Manufacturing: PepsiCo plans to significantly increase manufacturing capacity to meet the growing demand for its foods and beverages. PepsiCo and its partners plan to expand their production capacity in India to more than double current levels by 2020.
  • Infrastructure: PepsiCo and its partners plan to ramp up selling and delivery infrastructure throughout the country, with a particular focus on rural market expansion. As part of this strategic initiative, PepsiCo will work with its partners to deploy new technologies designed to enhance service to retail customers and increase efficiency across go-to-market systems.
  • Agriculture: Resources will be allocated to expand PepsiCo’s well-known collaborative farming program, which provides farmers with access to good quality seeds, technical agronomic expertise, bank loans and crop insurance. This program currently reaches 24,000 farmers, positively impacting their income and social standing in addition to strengthening the reliability and quality of PepsiCo’s supply chain.

About PepsiCo India:

PepsiCo entered India in 1989 and has grown to become one of the largest food and beverage businesses in India. PepsiCo India has been consistently investing in the country and has built an expansive beverage and snack food business supported by 38 beverage bottling plants and 3 food plants. PepsiCo India’s diverse portfolio includes iconic brands like Pepsi, Lay’s, Kurkure, Tropicana 100%, Gatorade and Quaker. Within 2 decades, the company has been able to organically grow eight INR 1000 crore plus brands in India, which are household names trusted across the country.

PepsiCo India is driven by its global commitment to sustainable growth, Performance with Purpose, which works on four planks of replenishing water, partnering with farmers, waste to wealth and healthy kids. In 2009, PepsiCo India achieved a significant milestone, by becoming the first business to achieve ‘Positive Water Balance’ in the beverage world, a fact verified by Deloitte Touché Tohmatsu India Pvt. Ltd. The company has been Water Positive since then. For more information, please visit www.pepsicoindia.co.in

About PepsiCo

PepsiCo is a global food and beverage leader with net revenues of more than $65 billion and a product portfolio that includes 22 brands that generate more than $1 billion each in annual retail sales. Our main businesses – Quaker, Tropicana, Gatorade, Frito-Lay and Pepsi-Cola – make hundreds of enjoyable foods and beverages that are loved throughout the world. PepsiCo’s people are united by our unique commitment to sustainable growth by investing in a healthier future for people and our planet, which we believe also means a more successful future for PepsiCo. We call this commitment Performance with Purpose: PepsiCo’s promise to provide a wide range of foods and beverages from treats to healthy eats; to find innovative ways to minimize our impact on the environment by conserving energy and water and reducing packaging volume; to provide a great workplace for our associates; and to respect, support and invest in the local communities where we operate. For more information, please visit www.pepsico.com.

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Cautionary Statement

Statements in this communication that are “forward-looking statements" are based on currently available information, operating plans and projections about future events and trends. Terminology such as “believe,” “expect,” “intend,” “estimate,” “project,” “anticipate,” “will,” “expressed confidence,” “position” or similar statements or variations of such terms are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in such forward-looking statements. Such risks and uncertainties include, but are not limited to: changes in demand for PepsiCo’s products, as a result of changes in consumer preferences and tastes or otherwise; changes in the legal and regulatory environment; PepsiCo’s ability to compete effectively; PepsiCo’s ability to grow its business in developing and emerging markets or unstable political conditions, civil unrest or other developments and risks in the markets where PepsiCo’s products are sold; unfavorable economic conditions in the countries in which PepsiCo operates; increased costs, disruption of supply or shortages of raw materials and other supplies; failure to realize anticipated benefits from PepsiCo’s productivity plan or global operating model; disruption of PepsiCo’s supply chain; damage to PepsiCo’s reputation; failure to successfully complete or integrate acquisitions and joint ventures into PepsiCo’s existing operations or to complete or manage divestitures or refranchisings; PepsiCo’s ability to hire or retain key employees or a highly skilled and diverse workforce; trade consolidation or the loss of any key customer; any downgrade or potential downgrade of PepsiCo’s credit ratings; PepsiCo’s ability to build and sustain proper information technology infrastructure, successfully implement its ongoing business transformation initiative or outsource certain functions effectively; fluctuations in foreign exchange rates; climate change, or legal, regulatory or market measures to address climate change; failure to successfully renew collective bargaining agreements or strikes or work stoppages; any infringement of or challenge to PepsiCo’s intellectual property rights; and potential liabilities and costs from litigation or legal proceedings.

For additional information on these and other factors that could cause PepsiCo’s actual results to materially differ from those set forth herein, please see PepsiCo’s filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. PepsiCo undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For further media information, please contact:

Vidisha Chatterjee / Sandhya Deepak
Genesis Burson-Marsteller
vidisha.chatterjee@bm.com
sandhya.deepak@bm.com
+91 9999317405 / +91 9811282008
Nitin Yadav / Sandipan Ghatak
PepsiCo India
nitin.yadav@pepsico.com;
sandipan.ghatak@pepsico.com
+91 9811278920 / +91 9810776182