Pep­sico In­dia chief D. Shivaku­mar re­signs, to join Aditya Birla Group

Mint Asia ST - - News - BSY OUNAK M ITRA


In­dia Hold­ings Pvt. Ltd’s chair­man and chief ex­ec­u­tive of­fi­cer (CEO) D. Shivaku­mar has re­signed and will be join­ing Aditya Birla Group as ex­ec­u­tive vice-pres­i­dent (cor­po­rate strat­egy and busi­ness de­vel­op­ment).

Ahmed El Sheikh, cur­rently se­nior vi­cepres­i­dent and gen­eral man­ager for Pep­sico Egypt and Jor­dan, will suc­ceed Shivaku­mar as CEO of Pep­sico In­dia, the bev­er­age maker said in a state­ment.

Aditya Birla Group di­rec­tor (hu­man re­sources) and CEO, Car­bon Black Busi­ness, Santrupt B. Misra, con­firmed Shivaku­mar’s ap­point­ment.

Shivaku­mar, who will join over the next three months, will re­port di­rectly to group chair­man Ku­mar Man­galam Birla.

The $41-bil­lion Aditya Birla Group has busi­nesses spread across sec­tors in­clud­ing telecom­mu­ni­ca­tions, ce­ment, chem­i­cals, min­ing, tex­tiles, fi­nan­cial ser­vices, re­tail and e-com­merce, among oth­ers, in 36 coun­tries.

El Sheikh’s ap­point­ment as CEO of Pep­sico In­dia was an­nounced by the Amer­i­can firm’s CEO (Asia, Mid­dle East and Africa) San­jeev Chadha.

El Sheikh will join Pep­sico In­dia on 1 Novem­ber and Shivaku­mar will con­tinue with Pep­sico till 31 De­cem­ber, Chadha said. “Shiv has been with Pep­sico for the past four years and has been in­stru­men­tal in lead­ing the trans­for­ma­tion jour­ney for the com­pany. No­tably, he has been a key driver for port­fo­lio trans­for­ma­tion and helped de­velop our nu­tri­tion busi­ness, launch­ing win­ning in­no­va­tions with our Quaker and Trop­i­cana brands. Un­der his lead­er­ship, we also deep­ened con­sumer en­gage­ment with our flag­ship brands. We thank him for his com­mit­ment to the com­pany and wish him the best in his fu­ture en­deav­ours,” Chadha said in the state­ment.

Shivaku­mar did not re­spond to calls and mes­sages from Mint.

Shivaku­mar’s de­ci­sion comes within months of Pep­sico’s ri­val Coca-cola In­dia’s pres­i­dent (In­dia and South-west Asia) Venkatesh Kini de­cid­ing to quit in April. Kini was suc­ceeded by T. Kr­ish­naku­mar.

Shivaku­mar, who suc­ceeded Manu Anand at Pep­sico In­dia, joined the Amer­i­can food and bev­er­age maker a few months af­ter he quit Fin­nish hand­set maker Nokia Oyj as a se­nior ex­ec­u­tive. At Nokia, Shivaku­mar was in­stru­men­tal in push­ing the firm’s low-cost mo­bile hand­sets across ru­ral In­dia, help­ing Nokia to dom­i­nate the hand­set mar­ket in In­dia for about a decade.


New role: D. Shivaku­mar will join Aditya Birla Group as ex­ec­u­tive vice pres­i­dent (cor­po­rate strat­egy and busi­ness de­vel­op­ment).

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.