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Pepsico India CEO Shivakumar quits, to join Aditya Birla Group

Press Trust of India  |  New Delhi 

Chairman and CEO D Shivakumar has resigned from the company after serving for nearly four years and will join as the head of strategy and business development.

Shivakumar has been replaced by Ahmed El Sheikh, Senior Vice President and General Manager for and Jordan, said in a statement.

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

Shivakumar, who is expected to join in three months' time, will report to the Group Chairman Kumar Mangalam Birla.

"He is joining as the Group head of Strategy and Business Development," director (human resources) and chief executive officer, Carbon Black Business, Santrupt B Misra told PTI.

Shivakumar will join the company in "three months or so", Misra said.

Shivakumar's replacement at PepsiCo, Ahmed, will assume his role on November 1, while the former will stay till December 31 as part of the transition process.

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

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

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, October 09 2017. 22:42 IST