PepsiCo has reorganised its leadership team with the creation of a global chief commercial officer, the appointment of a new chief science officer and further delayering of its operating businesses.
“We believe these changes will enable us to better capture growth opportunities by getting closer to our consumers and deploying our global capabilities in a way that allows us to win locally in each of our markets,” said PepsiCo‘s chief executive, Ramon Laguarta.
The role of global chief commercial officer has been given to Laxman Narasimhan, who moves from chief executive of Latin America (LATAM), Europe and Sub-Saharan Africa (ESSA) at PepsiCo. Narasimhan will focus on the beverage company’s integrated long-term growth strategy and will lead the development of its commercial and marketing capabilities.
Narasimhan will oversee PepsiCo’s global category groups, insights, commercialisation, design, global research and development, e-commerce and strategy. As a result of this appointment, Silviu Popovici has been made chief executive officer, ESSA. Narasimhan will continue to lead PepsiCo’s LATAM sector on an interim basis.
“Laxman is the ideal executive to take on this important new role with his vast operating experience, strategic acumen and successful track record unlocking growth opportunities across our businesses and sectors,” said Laguarta. “He will be instrumental as we sharpen our integrated long-term growth strategy and execute our plans to deliver sustainable, attractive marketplace and financial performance.”
Meanwhile, PepsiCo continues to delayer its operating businesses with the aim of becoming faster and more locally focused. Following recent news that Frito Lay North America and PepsiCo Beverages North America will report directly to Laguarta, all leaders of key businesses and geographies will now report to Laguarta.
In addition, PepsiCo has also announced a change of leadership in its research and development team. Following the retirement of Dr Mehmood Khan, Rene Lammers has been appointed as the company’s chief science officer.
In this role, Lammers will be responsible for building PepsiCo’s research and development capabilities as the company looks to expand its product portfolio. “Rene is a proven leader with a strong track record of success and his vision and oversight of our research and development function will be critically important as we work to build a robust innovation pipeline to support our growth,” explained Laguarta.