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PepsiCo India chairman and CEO D Shivakumar quits

He'll stay with PepsiCo till December 31 as part of the transition process

Press Trust of India  |  New Delhi 

D Shivakumar

Beverages and food major India today said its Chairman and CEO has resigned from the company after serving for nearly four years.

Shivakumar has been replaced by Ahmed El Sheikh, Senior Vice President and General Manager for Egypt and Jordan, India said in a statement.

Ahmed will assume his role on November 1, while Shivakumar will stay with till December 31 as part of the transition process.

"Shiv has been with for the past four years and has been instrumental in leading the transformation journey for the company," CEO Asia, Middle East and North Africa (AMENA) Sector said.

Ahmed, who held leadership roles in both foods and beverages businesses, led the Egypt business in his last stint.

"I have every confidence that Ahmed, together with our winning India leadership team, will prove to be a very powerful combination for the future success of India," Chadha said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Mon, October 09 2017. 21:57 IST