PURCHASE, N.Y., Sept. 23, 2013 PepsiCo, Inc. (NYSE:PEP) today announced the appointment of Sanjeev Chadha to the position of Chief Executive Officer, Asia, Middle East and Africa (AMEA), effective immediately. In this role, Chadha will report to Chairman and CEO Indra K. Nooyi and oversee all aspects of PepsiCo's AMEA business. Chadha most recently served as President, PepsiCo Middle East and Africa.
Chadha is a 23-year veteran of PepsiCo and one of the company's most seasoned international leaders. He has worked in each of AMEA's key markets and has led multiple business functions, including marketing, sales, innovation, franchise and general management. Prior to his most recent role, Chadha held various other leadership positions across the region and has been instrumental in the strong growth of PepsiCo AMEA.
"Sanjeev is one of the most respected senior leaders in the PepsiCo family and he has a strong track record of success," said Nooyi. "His leadership, experience and deep knowledge of the business, the region and its people will help to continue to drive success in AMEA."
Chadha holds a Masters (MBA) from Indian Institute of Management in Ahmedabad and an undergraduate degree from Hindu College, Delhi University.
Chadha will be headquartered in PepsiCo's Dubai office.
PepsiCo AMEA covers a geography comprising more than two-thirds of the world's population and 90 countries, including many of the world's fastest growing economies. PepsiCo's broad portfolio of foods and beverages in AMEA includes global brands such as Pepsi-Cola, Mirinda, Lay's, Doritos, Gatorade, Tropicana, Lipton, 7UP and Quaker, which enjoy leading positions in their categories in many markets, as well as such popular local brands as Smith's, Red Rock Deli and Chipsy snacks, Slice mango beverage, and Sting energy drink.
About PepsiCo PepsiCo is a global food and beverage leader with net revenues of more than $65 billion and a product portfolio that includes 22 brands that generate more than $1 billion each in annual retail sales. Our main businesses – Quaker, Tropicana, Gatorade, Frito-Lay and Pepsi-Cola – make hundreds of enjoyable foods and beverages that are loved throughout the world. PepsiCo's people are united by our unique commitment to sustainable growth by investing in a healthier future for people and our planet, which we believe also means a more successful future for PepsiCo. We call this commitment Performance with Purpose: PepsiCo's promise to provide a wide range of foods and beverages from treats to healthy eats; to find innovative ways to minimize our impact on the environment by conserving energy and water and reducing packaging volume; to provide a great workplace for our associates; and to respect, support and invest in the local communities where we operate. For more information, please visit www.pepsico.com.
Cautionary Statement Statements in this communication that are "forward-looking statements" are based on currently available information, operating plans and projections about future events and trends. Terminology such as "believe," "expect," "intend," "estimate," "project," "anticipate," "will," "expressed confidence," "position" or similar statements or variations of such terms are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in such forward-looking statements. Such risks and uncertainties include, but are not limited to: changes in demand for PepsiCo's products, as a result of changes in consumer preferences and tastes or otherwise; changes in the legal and regulatory environment; PepsiCo's ability to compete effectively; PepsiCo's ability to grow its business in developing and emerging markets or unstable political conditions, civil unrest or other developments and risks in the markets where PepsiCo's products are sold; unfavorable economic conditions in the countries in which PepsiCo operates; increased costs, disruption of supply or shortages of raw materials and other supplies; failure to realize anticipated benefits from PepsiCo's productivity plan or global operating model; disruption of PepsiCo's supply chain; damage to PepsiCo's reputation; failure to successfully complete or integrate acquisitions and joint ventures into PepsiCo's existing operations or to complete or manage divestitures or refranchisings; PepsiCo's ability to hire or retain key employees or a highly skilled and diverse workforce; trade consolidation or the loss of any key customer; any downgrade or potential downgrade of PepsiCo's credit ratings; PepsiCo's ability to build and sustain proper information technology infrastructure, successfully implement its ongoing business transformation initiative or outsource certain functions effectively; fluctuations in foreign exchange rates; climate change, or legal, regulatory or market measures to address climate change; failure to successfully renew collective bargaining agreements or strikes or work stoppages; any infringement of or challenge to PepsiCo's intellectual property rights; and potential liabilities and costs from litigation or legal proceedings.
For additional information on these and other factors that could cause PepsiCo's actual results to materially differ from those set forth herein, please see PepsiCo's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. PepsiCo undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.