PepsiCo’s CEO appoints a number two

PepsiCo’s chief executive Indra Nooyi has named Ramon Laguarta as president, a role that has been vacant for three years, but has reiterated that she intends to remain in charge for the foreseeable future.

Currently chief executive of Europe Sub-Saharan Africa (ESSA), Laguarta will now be tasked with shaping PepsiCo’s corporate strategy, working closely with business units to deliver top line growth, and investing in new areas of disruptive innovation. Specifically he will oversee PepsiCo’s Global Category Groups; its Global Operations, Corporate Strategy, and Public Policy & Government Affairs functions; and the PepsiCo Foundation.

Prior to becoming ESSA chief executive, Laguarta was PepsiCo Europe’s president of developing and emerging markets.

Nooyi has made additional changes in senior management with Laxman Narasimhan, currently chief executive of Latin America (LATAM), becoming chief executive of LATAM and ESSA, and Silviu Popovici, currently president of Russia, Ukraine and CIS, named president of ESSA.

Nooyi explained: “PepsiCo has consistently delivered top-tier financial performance while simultaneously making investments that position the company for sustainable long-term growth. We have built a strong bench of senior executives, and these leadership appointments will further enhance our efforts to create shareholder value and propel our company forward.”