PepsiCo, a major player in the food and beverage industry, has announced significant leadership changes, with Jagrut Kotecha set to lead the India business as CEO. Here’s a closer look at the transition:

Leadership Rejig

In a recent announcement, PepsiCo revealed that Jagrut Kotecha, currently serving as the Chief Commercial Officer for PepsiCo in Africa, Middle East, and South Asia (AMESA), will step into the role of CEO for PepsiCo India. This move comes as the incumbent CEO, Ahmed El Sheikh, transitions to lead the Middle East business unit.

Transition Details

Ahmed El Sheikh, who has led PepsiCo India for nearly seven years, will move on from his current position to take up new responsibilities effective March 2024. The leadership change, part of PepsiCo’s global strategy, was communicated to employees in India as part of a series of planned transitions across the AMESA region.

Pivotal Market

Eugene Willemsen, CEO of PepsiCo for Africa, Middle East & South Asia, emphasized the importance of the Indian market, highlighting its role in the company’s global strategy. He lauded Ahmed El Sheikh for his transformative leadership over the past six years, noting his contributions to business growth, innovation, and community initiatives.

Forward-looking Vision

Willemsen expressed confidence in Jagrut Kotecha’s leadership, foreseeing continued success for PepsiCo in India under his guidance. With renowned brands such as Pepsi, Lay’s, Kurkure, and Tropicana, PepsiCo has established itself as one of the leading food and beverage businesses in India since its entry into the market in 1989.

Strong Financial Performance

PepsiCo India Holdings has demonstrated robust financial performance, with consolidated revenue from product sales and services witnessing a significant increase of 28.47% to Rs 8,127.07 crore for the fiscal year ending March 31, 2023.

Looking Ahead

As Jagrut Kotecha assumes leadership at PepsiCo India, the company remains poised for continued growth and innovation in the dynamic Indian market. With a focus on consumer preferences, product innovation, and community engagement, PepsiCo aims to reinforce its position as a market leader in the food and beverage industry.