On the backdrop of the retirement of the Sanjeev Chadha from the chair of CEO of AMENA (Asia, Middle East and North Africa) region, PepsiCo has announced a shuffle in the appointment of the top level executive. As per the new shuffling, Mike Spanos will become CEO of AMENA region after Sanjeev goes.
On the other hand, Sanjeev Chadha will become the Chairman of AMENA by the end of the first quarter of the year 2018, informed PepsiCo Chairman and CEO Indra Nooyi in a statement.
Ram Krishnan, presently the Senior VPGM of the global PepsiCo Walmart business, will become the President of Greater China Region (GCR), following Spanos.
Indra Nooyi also said that the company is blessed with strong and efficient team of executives and is happy to promote Mike on such an important position.
All the major changes are effective January 1, 2018.