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:
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
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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