In a leadership rejig, food & beverage major Pepsico said Jagrut Kotecha will lead the India business as the CEO, while the incumbent Ahmed El Sheikh will assume the charge of the Middle East business unit.
Kotecha, who is the Chief Commercial Officer for PepsiCo in Africa, Middle East, and South Asia (AMESA) will assume the role of CEO for PepsiCo India in Sheikh’s place, the company said in a statement.
Ahmed El Sheikh, who led the PepsiCo India business for almost seven years, will move on from his current role and assume new responsibilities as of March 2024, it said.
The transition comes as part of PepsiCo’s strategic realignment, with Ahmed El Sheikh moving on from his role as the CEO for PepsiCo India to take charge as the CEO for the Middle East Business Unit within the company.
Kotecha is poised to play a pivotal role in leading PepsiCo’s operations in India. As the incoming CEO, Kotecha will be entrusted with steering PepsiCo’s strategic initiatives and business growth in the dynamic market landscape of India.
Jagrut Kotecha, current Chief Commercial Officer for PepsiCo in AMESA and incoming CEO for PepsiCo India, said, “Having been part of the PepsiCo family for the past 30 years, I have witnessed first hand the unwavering commitment of PepsiCo India to excellence and innovation.”
“As I take on this new responsibility, I am excited to drive forward our mission, ensuring continued success and growth in the Indian market,” he added.
Eugene Willemsen, Chief Executive Officer – Africa, Middle East & South Asia, PepsiCo said, “India remains a pivotal market for PepsiCo, playing a crucial role in our global strategy. Over the last six years, Ahmed has been instrumental in transforming our business, driving innovation, and steering the team through challenging landscapes.”
