Shivakumar, Chairman PepsiCo India Resigns, Set to Join Aditya Birla Group

Shivakumar, Chairman PepsiCo India Resigns, Set to Join Aditya Birla Group”

D Shivakumar, the chairman of PepsiCo India has stamped his resignation with his signatures and as per reports, he is geared up to board the Aditya Birla group which is offering him a leadership role.

Sanjeev Chadha, chief executive officer or Asia, Middle East and North Africa (AMENA) sector, PepsiCo, said that Ahmed El Sheikh, senior vice-president and general manager for the company's Egypt & Jordan regions, would replace Shivakumar as CEO of the India business, effective November 1.

Shivakumar, who headed PepsiCo for nearly four years - he joined in December 2013 - was instrumental in leading the transformation of the company's nutrition business, said Chadha.

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Prior to joining Pepsico India, he was the managing director at Nokia India.

At PepsiCo, Mr. Shivakumar played a key role in portfolio transformation and helped the company develop nutrition business. Mr. Shivakumar will leave PepsiCo on December 31.

New CEO at the helm, Ahmed, comes with an impressive depth and breadth of experience in high-profile PepsiCo markets, and has held leadership roles in both our foods and beverages businesses. Responding to rapidly changing consumer preferences and seeking to stem declining or stagnant sales of sugary drinks, PepsiCo said previous year it would reduce sugar content in its juices and carbonated drinks in India by 2025 as part of a global pledge announced by chief executive Indra Nooyi. It also committed to boost nutritional content in snack brands such as Lays chips and Kurkure.

Shivkumar bid bye to the company when beverage makers Coca-Cola and PepsiCo are hit hard by slow growth in soft drinks segment.

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