PepsiCo, the global beverages and snacks maker, is expanding its search for a new executive to lead its India business. This move comes as PepsiCo’s current president, Ahmed ElSheikh, is expected to transition to a global role within the company this year, necessitating a leadership change in India. The company is exploring candidates from both internal and external sources, including individuals from its global system. By widening the search, PepsiCo aims to find a leader who can drive sustained profitability and navigate the increasingly competitive market landscape in India.
Several factors have contributed to the need for a leadership transition in PepsiCo’s India business. The company’s snacks business experienced a decline in the quarter ending September 2023, with intensified competition from new players and the resurgence of regional brands. To ensure long-term and sustained profitability, PepsiCo requires a leader who can drive growth and market share in the face of these challenges. Additionally, the company seeks sharper marketing strategies to stay ahead in the highly competitive snacks and beverages market.
While specific names have not been disclosed, PepsiCo is considering candidates from its global system for the role of president and CEO of its India business. The chosen candidate will be responsible for leading PepsiCo’s India business and implementing strategies to enhance market share and profitability.
RTM Watch’s Take
PepsiCo’s decision to widen its search for a new executive to head its India business reflects the company’s commitment to finding the right leader to navigate the challenges and opportunities in the Indian market. With the snacks and beverages industry becoming increasingly competitive, PepsiCo needs a leader who can drive sustained profitability and implement effective marketing strategies. By considering candidates from its global system, PepsiCo aims to leverage the expertise and experience of individuals who understand the company’s global operations. The appointment of a new executive will be crucial in shaping PepsiCo’s future growth and success in India.
