PepsiCo announced recently that Shivakumar would be leaving PepsiCo India on December 31. Nearly four years after joining PepsiCo India as its Chairman and Chief Executive Officer, he decides to quit. The company announced on Monday that Shivakumar would be leaving PepsiCo India on December 31.
Shivakumar would join Aditya Birla group as head, corporate strategy and business development. This is effective January 2018, it is reliably learnt where he would report directly to group Chairman Kumar Mangalam Birla.
Sanjeev Chadha, chief executive officer of Asia, Middle East and North Africa (AMENA) sector, PepsiCo, said, Ahmed El Sheikh, senior vice-president and general manager for the companys Egypt & Jordan regions, would replace Shivakumar as CEO of the India business, effective November 1.
He is an IIT-IIM alumnus and has over three decades of experience behind him at firms such as Hindustan Unilever, Philips and Nokia, also concentrated on implementing PepsiCo Chairman Indra Nooyis vision of cutting sugar and salt in products as part of her Performance with Purpose roadmap.
Shivakumar was a key driver of portfolio transformation developing the firms nutrition business, and launching innovations under Quaker Oats and Tropicana, Chadha added.
At Aditya Birla he is expected to look at all verticals of the group from metals to retail and telecom, guiding it on overall business strategy. The position would see him relocate to Mumbai from Gurugram, near Delhi, where he is currently based.
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