PepsiCo names new head

Beverages and food major PepsiCo on Thursday announced top-level global management rejig, following which Mike Spanos will become CEO of AMENA region in place of India-born Sanjeev Chadha, who is set to retire in March.

As part of the changes, Chadha will become Chairman of AMENA (Asia, Middle East and North Africa) through the end of the first quarter of 2018 reporting to PepsiCo Chairman and CEO Indra Nooyi, the company said in a statement.

Further, Ram Krishnan, currently Senior V-P and General Manager of the global PepsiCo Walmart business, will become President, Greater China Region (GCR), succeeding Spanos and would report to Spanos, who will also report to Nooyi, it said. "We are thrilled to promote Mike, one of our most seasoned and proven leaders, into this important role," Nooyi said.

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