PepsiCo Appoints Agbaje Board Member

PepsiCo, Inc. has appointed the Managing Director and Chief Executive Officer of Guaranty Trust Bank Plc, Mr. Segun Agbaje as an independent member of its Board.

In a statement yesterday, PepsiCo said Agbaje, 56, would join its Board and Audit Committee effective July 15, 2020.

“I am delighted to welcome Segun to the PepsiCo Board,” said PepsiCo Chairman and CEO, Ramon Laguarta.

“Segun is a well-respected and proven business leader with a deep understanding of complex businesses and fastgrowing markets, particularly Sub-Saharan Africa where we recently acquired Pioneer Foods as part of our strategy to expand in the region.

“His experience in business transformation and passion for delivering consumer value will serve PepsiCo well as we continue our journey to be the global leader in convenient foods and beverages by winning with purpose,” Laguarta said.

“We look forward to Segun joining the PepsiCo Board and to the valued global perspective he will add to our team,” chair of the Board’s Nominating and

Corporate Governance Committee, Daniel Vasella said.

Vasella further said, “His knowledge and experience of embracing and scaling new technologies and critical capabilities will be valuable as we continue to invest in opportunities that create shareholder value and deliver long-term sustainable growth.”

Prior to becoming Managing Director and Chief Executive Officer of GTBank, Agbaje, held several positions at the bank after joining in 1991, including Executive Director and Deputy Managing Director from 2002 to 2011.