Shivakumar: New role
New Delhi, Dec. 9: International beverages and snacks giant PepsiCo today appointed former Nokia head for emerging markets D. Shivakumar as its chairman and CEO for India.
The company also elevated Gautham Mukkavilli, current general manager for PepsiCo India Beverages, to senior vice-president, business transformation — AMEA (Asia, Middle East and Africa), with effect from March 1, 2014.
“Shivakumar will oversee all aspects of PepsiCo’s India region, which includes beverage brands such as Pepsi-Cola, Lay’s potato chips, Slice mango beverage, Kurkure snacks, Tropicana juices and Quaker oats,” PepsiCo said in a statement.
He will be responsible for the NourishCo joint venture with Tata Global Beverages and franchise businesses in Bangladesh, Nepal, Bhutan, Sri Lanka and the Maldives.
“He will strategically deploy the Rs 33,000 crore investment in India that PepsiCo announced last month,” the company said.
Last month, PepsiCo had announced plans for the company and its partners to invest Rs 33,000 crore in India by 2020 to double its business capacity.
Sanjeev Chadha, PepsiCo AMEA chief executive officer, said both men would strengthen AMEA’s position as the growth engine of PepsiCo as they brought their “unique skills to bear in their respective roles”.
“I am thrilled to have two leaders of Shiv and Gautham’s stature playing key roles in driving PepsiCo’s business forward in AMEA,” he added.
In his new role, Mukkavilli will oversee a range of strategic initiatives in both foods and beverages across Asia, West Asia and Africa.
Both Shivakumar and Mukkavilli will report directly to Chadha. “Shiv is one of India’s most respected business leaders. He has a proven ability to take billion-dollar businesses to the next level by maximising innovation, execution and collaboration,” Indra Nooyi, PepsiCo Inc chairman and CEO, said.
Shivakumar, as a senior executive with Nokia for most of the past decade, made India Nokia’s top-ranked market by revenue and one of its most profitable geographies. In his earlier stints, Shivakumar has worked with Hindustan Unilever and Philips Consumer Electronics India. He quit Nokia in March this year.
“I am thrilled to carry on the tradition of excellence, excitement and purpose that PepsiCo’s extremely talented team has established,” Shivakumar said.