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Pepsico India stated that, its Chairman and chief Executive Officer (CEO), D Shivakumar has resigned.
As per Pepsico India, Shivakumar will be replaced by Ahmed El Sheikh, Senior Vice President and General Manager for Pepsico Egypt and Jordan.
Pepsico CEO Asia, Middle East and North Africa(AMENA) Sector Sanjeev Chadha stated,”Shiva has been with PepsiCo for the past four years and has been instrumental in leading the transformation journey for the company.”
Further, Shivakumar will stay with Pepsico till December 31 as part of his transition process, while Ahmed will join his new role from November 1.
