PURCHASE, N.Y., Dec. 7, 2017 /PRNewswire/ -- PepsiCo, Inc.
today announced that, effective January
1, 2018, Mike Spanos, currently President, PepsiCo
Greater China Region, will become Chief Executive Officer,
Asia, Middle East and North Africa (AMENA), and Sanjeev Chadha, currently Chief Executive
Officer of AMENA, will become Chairman of AMENA through the end of
Q1 2018. Both Spanos and Chadha will report to PepsiCo
Chairman and CEO Indra Nooyi.
"We have a strong bench of senior executives, and we are
thrilled to promote Mike, one of our most seasoned and proven
leaders, into this important role," said Nooyi. "Most recently,
Mike has led our business in China
through unprecedented change, growing our foods and beverage
businesses and investing in our nutrition portfolio."
Nooyi continued, "On behalf of the entire team, I want to thank
Sanjeev for his exemplary career at PepsiCo over the last 27 years
and his extraordinary commitment to our company. His
continued support as Chairman of AMENA until his retirement at the
end of March will ensure a smooth transition."
Spanos has had a notable career at PepsiCo, spanning 24 years
with posts in the U.S., Europe and
Asia. Prior to leading PepsiCo's China business, he led the sales organization
across PepsiCo's North America Beverages portfolio, and served as
SVP and General Manager for the West Business Unit of the company's
beverage operations. Previously, Spanos held various sales
and GM roles, including Country Manager for Turkey and VP of Sales and Food Service for
The Pepsi Bottling Group, Inc. He began his PepsiCo career as
a frontline territory development manager in beverages.
The following moves are also effective January 1, 2018:
- Ram Krishnan, currently Senior Vice President and General
Manager of the global PepsiCo Walmart business, will become
President, Greater China Region (GCR), succeeding Spanos. In
his new role, he will be responsible for PepsiCo's China business across beverages, foods and
nutrition, working closely with the GCR leadership team and
partners across AMENA to advance the company's growth in
China. He will be based in
Shanghai and report to Spanos.
Krishnan brings more than a decade of experience at PepsiCo, where
he has served in a number of senior leadership roles across brand
and shopper marketing. In his current role, he leads the team
that oversees the company's partnership with Walmart, bolstering
PepsiCo's position as one of Walmart's leading suppliers.
Previously, he served as Frito-Lay North
America's (FLNA) Senior Vice President and Chief Marketing
Officer.
- Chris Turner, currently Senior
Vice President of Transformation for Frito-Lay North America, will become Senior Vice
President and General Manager of the global PepsiCo Walmart
business, reporting to Al Carey,
Chief Executive Officer for North
America.
Turner joined PepsiCo almost two years ago, and is currently
responsible for FLNA's Go-To-Market (GTM) organization in addition
to leading the sector's transformation initiatives. Prior to
joining PepsiCo, he was a Partner in the Dallas office of McKinsey & Company.
"At PepsiCo, we are fortunate to have the best talent in the
industry, from our frontline associates to our senior executives,"
Nooyi added. "Both Ram and Chris are highly respected leaders
with proven track records of success, and we are pleased when the
opportunity presents itself to elevate our senior executives into
new roles in support of personal and professional growth, while
also enabling the success of PepsiCo."
About PepsiCo
PepsiCo products are
enjoyed by consumers more than one billion times a day in more than
200 countries and territories around the world. PepsiCo generated
approximately $63 billion in net revenue in 2016, driven by a
complementary food and beverage portfolio that includes Frito-Lay,
Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo's product
portfolio includes a wide range of enjoyable foods and beverages,
including 22 brands that generate more than $1
billion each in estimated annual retail sales.
At the heart of PepsiCo is Performance with Purpose – our
fundamental belief that the success of our company is inextricably
linked to the sustainability of the world around us. We believe
that continuously improving the products we sell, operating
responsibly to protect our planet and empowering people around the
world enable PepsiCo to run a successful global company that
creates long-term value for society and our shareholders. For more
information, visit www.pepsico.com.
Cautionary Statement
Statements in this release that are "forward-looking statements"
are based on currently available information, operating plans and
projections about future events and trends. Forward-looking
statements inherently involve risks and uncertainties. For
information on certain factors that could cause actual events or
results to differ materially from our expectations, 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.
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SOURCE PepsiCo, Inc.