PepsiCo India CEO Shivakumar quits
Ahmed El Sheikh to replace Shivakumar, who will join Aditya Birla group LATEST NEWS : Nearly four years after joining PepsiCo India as its Chairman and Chief Executive Officer, D Shivakumar, 57, has called it quits. The company announced on Monday that Shivakumar would be leaving PepsiCo India on December 31. Leading the company at a time when the Rs 14,000-crore domestic soft-drink market was reeling under a slowdown, Shivakumar, who is called Shiv, would join Aditya Birla group as head, corporate strategy and business development. This is effective January 2018, it is reliably learnt. Aditya Birla group has already internally announced Shivakumar’s appointment, persons in the know said. He would report directly to group Chairman Kumar Mangalam Birla. Sanjeev Chadha, chief executive officer of Asia, Middle East and North Africa (AMENA) sector, PepsiCo, said that Ahmed El Sheikh, senior vice-president and general manager for the company’s Egypt & Jordan regio...