PepsiCo India Chairman D Shivakumar has resigned almost four years after taking over

PepsiCo India chairman D Shivakumar has resigned from his post after four years. He is now set to join Aditya Birla group venture as a group executive president In January. Soon After resigning, PepsiCo India conformed his resignation and announced new PepsiCo India chairman.  PepsiCo named Its Jordan and Egypt VP and general manager Ahmed El Sheikh as its Chief executive officer.  Shivkumara will hold last day as PepsiCo chairman on 31^st December after joining in 2013.  

Ahmed El Sheikh will be the first non Indian CEO at PepsiCo India.

Sanjeev Chadha, chief executive at PepsiCo AMENA (Asia, Middle East and Africa) said “Shivakumar was instrumental in leading the transformation journey for the company, said. He has been a key driver for portfolio transformation, helped develop our nutrition business, launching innovations with our Quaker and Tropicana brands and deepened consumer engagement with our flagship brands. Incoming CEO Ahmed has held leadership roles in both its foods and beverages segments and in his last role, led the Egypt business, among its toughest markets.”