Beverages and food major PepsiCo today announced top-level global management rejig, following which Mike Spanos will become CEO of AMENA region in place of India-born Sanjeev Chadha, who is set to retire in March.
As part of the changes, Chadha will become Chairman of AMENA (Asia, Middle East and North Africa) through the end of the first quarter of 2018 reporting to PepsiCo Chairman and CEO Indra Nooyi, the company said in a statement.
Further, Ram Krishnan, currently Senior V-P and General Manager of the global PepsiCo Walmart business, will become President, Greater China Region (GCR), succeeding Spanos and would report to Spanos, who will also report to Nooyi, it said.
"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," Nooyi said.
Acknowledging Chadha's contribution to the company in his 27 years of long association, she said: "His continued support as Chairman of AMENA until his retirement at the end of March will ensure a smooth transition."
All the major changes are effective January 1, 2018.
Chris Turner, currently senior V-P of transformation for Frito-Lay North America, will become senior V-P and General Manager of global PepsiCo Walmart business, reporting to Al Carey, CEO for North America.
Krishnan is with PepsiCo for more than a decade, where he has served in a number of senior leadership roles.