PepsiCo's Foods and beverages businesses get new CEOs.
Undergoing a top-deck rejig, PepsiCo India has welcomed on board Praveen Someshwar, who was the CEO of the Beverages business, as the Head of the Foods business, replacing Varun Berry. For the Beverages business, the organisation has appointed Mukkavilli, currently based in Dubai as Senior Vice-President, Global Nutrition Group (GNG) for PepsiCo's Asia, Middle East and African (AMEA) regions.
These appointments will be effective June 1, a company release stated. Someshwar and Mukkavilli will report directly to Manu Anand, Chairman, PepsiCo India.
With this new role, Someshwar will be responsible for a portfolio of brands, including Kurkure, Lay’s, Uncle Chips and Quaker, along with the snacks business under the brand name Lehar. He will also lead the India Power of One (PO1) Council with responsibility to drive collaboration across Foods and Beverages.
On the other hand, Mukkavilli is expected to bring his 20-year experience to the table while heading up the business here. According to market reports, the key challenge for PepsiCo will be to maintain its double-digit growth in both foods and beverages divisions.