PepsiCo names new president in leadership reshuffle

PepsiCo has announced three new leadership appointments including the promotion of Ramon Laguarta to president.

Laguarta, who is currently the CEO of the Europe Sub-Saharan Africa (ESSA) division and has been with PepsiCo for 20 years, will shape the company’s corporate strategy and continue to report to CEO Indra Nooyi.

Current CEO of the Latin America unit Laxman Narasimhan will stay in his role as well as become the new ESSA CEO to oversee both areas.

Finally, current president of PepsiCo’s operations in Russia, Ukraine and CIS Silviu Popovici has been named president of ESSA.

Speaking of the appointments, Nooyi said: “PepsiCo has consistently delivered top-tier financial performance while simultaneously making investments that position the company for sustainable long-term growth.

“Our ability to perform while we transform is a testament to our people. All across the business, from our frontline associates to our senior executives, PepsiCo is home to the very best talent in the industry.

“We have built a strong bench of senior executives, and these leadership appointments will further enhance our efforts to create shareholder value and propel our company forward.”