FDBusiness.com

Senior Leadership Changes at PepsiCo

 Breaking News
  • Coca-Cola HBC to Acquire Italian Water and Sparkling Beverages Company in €88 Million Deal Coca‑Cola HBC has agreed to acquire Acque Minerali, a privately-held natural mineral water and adult sparkling beverages business based in Italy. The acquisition is being made in conjunction with The Coca-Cola Company, in-line with previous similar acquisitions. The total enterprise value payable by Coca‑Cola HBC and The Coca‑Cola Company, subject to customary closing adjustments, amounts [...]...
  • Britvic Signs Up to Science Based Targets Initiative Britvic has pledged to pursue bolder greenhouse gas (GHG) emission reduction targets by signing up to the Science Based Targets initiative. Britvic joins around 600 leading companies from around the world in formally committing to independently verified science-based GHG emission reduction targets. Britvic’s A Healthier Everyday sustainability strategy recognises climate change as one of the biggest threats facing [...]...
  • Marks & Spencer Partners Infarm to Bring Urban Farming to London Stores M&S Food is partnering with infarm – one of the world’s most advanced urban farming platforms – to deliver a range of fresh produce grown and harvested in a selection of the retailer’s London stores. Customers will now find a range of fresh herbs – including Italian, Greek and Bordeaux Basils, Mint, Curly Parsley and Mountain [...]...
  • Coca-Cola European Partners to Remove 4,000 Tonnes of Single-use Plastic by Swapping Shrink Wrap For Cardboard in Western Europe Coca-Cola European Partners, will be replacing plastic shrink wrap with cardboard for its can multipacks across Western Europe, removing approximately 4,000 tonnes of single-use plastic per year across the region. This is the latest move in Coca-Cola’s commitment to tackle packaging waste and remove all unnecessary single-use plastic from its secondary packaging. Plastic shrink wrapping is used [...]...
  • EU Leading in Global Agri-food Trade The EU has been confirmed for yet another year in its position as the largest global exporter of agri-food products, with sales reaching €138 billion in 2018. Agriculture products represent a solid share of 7% of the value of EU total goods exported in 2018, ranking fourth after machinery, other manufactured goods and chemicals. Agriculture and [...]...

Senior Leadership Changes at PepsiCo

Senior Leadership Changes at PepsiCo
March 06
09:59 2019

PepsiCo has announced a number of senior leadership appointments, including the creation of a Global Chief Commercial Officer, to support the company’s strategic priorities and growth agenda.

“As we pursue our new vision to ‘Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose,’ we have taken some important steps to reorganize our leadership team. We believe these changes will enable us to better capture growth opportunities by getting closer to our consumers and deploying our global capabilities in a way that allows us to win locally in each of our markets,” explains PepsiCo Chairman and CEO Ramon Laguarta.

Laxman Narasimhan, currently Chief Executive Officer, Latin America (LATAM), Europe and Sub-Saharan Africa (ESSA), has been appointed to the newly created position of Global Chief Commercial Officer, PepsiCo, reporting to Laguarta. In this new role, Narasimhan will shape PepsiCo’s integrated long-term growth strategy and lead the development of world-class commercial and marketing capabilities. Narasimhan will oversee PepsiCo’s Global Category Groups, Insights, Commercialization, Design, Global R&D, E-Commerce and Strategy. Silviu Popovici, who has led ESSA reporting to Narasimhan will now be Chief Executive Officer, ESSA and report directly to Ramon Laguarta. Narasimhan will continue to lead PepsiCo’s LATAM sector on an interim basis.

Narasimhan has held several senior leadership positions with increasing responsibility during his tenure at PepsiCo. In his most recent role, he oversaw the company’s food and beverage businesses across LATAM and ESSA, with a focus on unlocking new growth opportunities for the two organizations, harmonizing commercial strategies and operating practices, developing talent, and evolving culture.

Delayering Businesses

At the same time, the company continues to delayer operating businesses with a goal of becoming faster and more locally focused. Following the recent moves that Frito Lay North America and PepsiCo Beverages North America will report directly into Laguarta, all leaders of key businesses and geographies will now report to Ramon Laguarta, including:

  • Kirk Tanner, CEO PepsiCo Beverages North America (PBNA)
  • Vivek Sankaran, CEO Frito Lay North America (FLNA)
  • Silviu Popovici, CEO Europe Sub-Saharan Africa (ESSA)
  • Mike Spanos, CEO Asia, Middle EastNorth Africa (AMENA)
  • Laxman Narasimhan, interim CEO Latin America (LATAM)
  • Jim Andrew, EVP Soda Stream and Beyond Bottle Ventures

The above changes will have no impact on PepsiCo’s external financial reporting structure. The company will continue to report segments as FLNA, LATAM, Quaker Foods North America, North America Beverages, ESSA, AMENA, consistent with current practice.

In addition, the company also announced a change in leadership in its Research and Development organization.

Rene Lammers, currently Senior Vice President of Category R&D, has been appointed to the role of Chief Science Officer, reporting to Laxman Narasimhan. In this role, Rene Lammers will be responsible for building R&D capabilities as PepsiCo looks to continue to expand its product portfolio. He replaces Dr Mehmood Khan, Vice Chairman and Chief Scientific Officer, Global Research and Development, who is retiring from PepsiCo.

In his most recent role, Rene Lammers was responsible for driving an integrated agenda across product, process, equipment and packaging technologies.  Since joining PepsiCo in 2010, Lammers has held leadership roles across long-term research, Global Functions, Governance and Compliance and the Global Beverage Category.  Prior to PepsiCo, Lammers spent 15 years as an R&D leader delivering differentiated consumer innovations across the CPG industry in a number of global roles.

About Author

mike

mike

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • October 1, 2019PPMA Total Show
  • October 17, 2019Future Food-Tech
  • November 18, 2019Plastics Caps and Closures Conference 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements