New Delhi, October 25, 2010: PepsiCo today announced that Sanjeev Chadha, Chairman & CEO of PepsiCo’s India Region, will take over as PepsiCo’s Chief for the Middle East & Africa, with effect from 01 January 2011. He will also be a member of PepsiCo’s global leadership team: the PepsiCo Executive Committee. Sanjeev Chadha’s new area of responsibility: Middle East & Africa, is one of the largest and most profitable Regions of PepsiCo, and is headquartered in Dubai. Sanjeev Chadha’s move follows the successful transformation of PepsiCo India under his leadership, into the most diversified, the largest and one of the fastest growing food & beverage businesses in the country. PepsiCo India has now become a powerful and consistent driver of PepsiCo’s global growth. In the last two years, India's beverages and foods businesses have been the largest volume growth contributors to PepsiCo across the globe. The outlook for the business is equally exciting, demonstrated by the fact that investments are at an all-time high and new growth vehicles like the upcoming Joint Venture with the Tatas are now in place. Sanjeev Chadha was a founding member of the PepsiCo business in India 20 years ago, and has since played an important role in developing PepsiCo businesses across several countries, besides India. Sanjeev spent over a decade based out of Hong Kong, leading PepsiCo in different countries and functions across Asia Pacific, before returning to India in 2007.
Manu Anand, another talented PepsiCo leader, will succeed Sanjeev Chadha as Chairman & CEO, PepsiCo India Region. Manu Anand moves into this role from Thailand, where he was the CEO for South East Asia, responsible for the foods and beverages business in Thailand, Vietnam, Cambodia, Laos, Malaysia, Singapore, Indonesia and the Pacific Islands. He has driven significant growth of their foods businesses across South East Asia, including the rapid expansion of snacks in Thailand, their snacks entry into the promising new market of Vietnam, and innovative launches in Indonesia. He has also led the Business Unit to fantastic growth in beverages, building a track record of success that has earned him well-deserved admiration from his peers and team members. Manu Anand has been with PepsiCo for 16 years, and was the chief architect of the growth and success of PepsiCo’s food business in India. During his leadership, the business launched the iconic brand Kurkure, now the largest brand of salty snacks in the country, and Frito Lay was the fastest growing business of the decade. He joined PepsiCo in 1994 as the CFO for the Foods business, and took over as CEO in 1998.
The third key leadership change in the India Region, is the appointment of Varun Berry, as CEO of PepsiCo’s Foods business in India. Varun Berry is currently the CEO of International Dairy & Juice, a Joint Venture between PepsiCo and Al Marai – the dairy market leader in the Middle East. Varun has been with PepsiCo for 17 years, during which he has held several roles across different markets in India, Vietnam, Philippines and Dubai. He has been the architect of PepsiCo’s Vietnam business, now a leadership market for PepsiCo; and has been responsible for building a very profitable business in the Philippines, which recently concluded a successful IPO. Over the last two years, Varun Berry has been leading PepsiCo’s foray into the dairy business in the Middle East, where he has been responsible for developing PepsiCo’s partnership with the Saudi dairy giant, Al Marai. All three talented leaders are products of PepsiCo’s ‘College of Leadership’, which ensures early identification of talent, and their focused development through critical experiences. This has helped PepsiCo India develop a very strong pipeline of talent, and become a rich exporter of Indian talent across the PepsiCo world.
Under Sanjeev’s able leadership PepsiCo India has achieved significant milestones on the Performance with Purpose agenda including Positive Water Balance which means that the company now replenishes more water than it consumes - a global first. A third of PepsiCo's portfolio today comprises healthier products like Quaker oats, Tropicana Juices, Gatorade sports drinks, Pepsi Max, and it uses healthier oils for its snacks. PepsiCo has pioneered and established a model partnership with farmers, and today partners with over 22,000 happy farmers. Nearly 30% of its energy is today generated from renewable sources and following its success in water conservation, the company is now focused on reducing its carbon footprint. Its award-winning "waste to wealth" recycling program reaches 450,000 families, and innovative school and college programs like "Get Active" and "Smart Choice Cafe" are helping change the way children think about calories, diet and physical fitness. PepsiCo has been frequently recognized for their industry-leading human resource practices, ‘indovations’, corporate values, and talent, and was one of the five top marketers of the country last year.
PepsiCo entered India in 1989 and has grown to become the country’s largest food and beverage business. One of the largest multinational investors in the country with an investment of over $1 billion, PepsiCo India has built an expansive beverage and snack food business supported by 36 beverage bottling plants, (13 company & 23 franchisee owned) and 3 food plants. Our state-of-the-art manufacturing plants produce a range of products from treats to healthy eats that deliver joy as well as nutrition to the consumers. PepsiCo India’s extensive portfolio includes iconic brands like Pepsi, Lay’s, Kurkure, Tropicana 100%, Gatorade, Quaker and young but immensely popular and fast growing brands such as Nimbooz and Aliva.
PepsiCo India's employees are driven by the company’s global commitment to sustainable growth, Performance with Purpose (PWP), 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 in the PepsiCo global system to achieve ‘Positive Water Balance’ (PWB), a fact validated by Deloitte Consulting. For more details on PWB and PWP, please visit http://www.pepsiindia.co.in/CSR/replenishingwater.aspx
PepsiCo offers the world's largest portfolio of billion-dollar food and beverage brands, including 19 different product lines that each generates more than $1 billion in annual retail sales. Our main businesses - Frito-Lay, Quaker, Pepsi-Cola, Tropicana and Gatorade - also make hundreds of other nourishing, tasty foods and drinks that bring joy to our consumers in more than 200 countries. With annualized revenues of nearly $60 billion, PepsiCo's people are united by our unique commitment to sustainable growth, called Performance with Purpose. By dedicating ourselves to offering a broad array of choices for healthy, convenient and fun nourishment, reducing our environmental impact, and fostering a diverse and inclusive workplace culture, PepsiCo balances strong financial returns with giving back to our communities worldwide. In recognition of its continued sustainability efforts, PepsiCo was named for the third time to the Dow Jones Sustainability World Index (DJSI World) and for the fourth time to the Dow Jones Sustainability North America Index (DJSI North America) in 2009. For more information, please visit www.pepsico.com