PepsiCo Inc is going through major leadership reshuffle. The company went public with its aim to appoint new people according to its growth strategy and global business priorities. Chief Executive Officer and Chairman Indra Nooyi told the press that PepsciCo is ready for future proof sustainable growth for long time. She further added that best talent development policies have created world-class leadership for the brand and it is time that new people should take over. These new appointments are chance to refresh the leadership with next generation of talent.
Nooyi said that new face is now ready to take more responsibilities. The move is significant as cold drink businesses world over are struggling with the demands of changing market. This new leadership shuffle looks like PepsiCo’s response to create business for future. Vice President Hugh Johnston who is also service as Chief Financial Officer would be called as vice chairman now. Johnston is expected to look after the Quaker Foods North American arm along with his responsibility as CFO. The global e-commerce arm of the company would be headed by him too.
But that’s not all; he also has additional charge of global business and information solutions functions department, which is responsible to provide new technology to the massive business empire. The company plans to re-brand itself in the food and beverage industry. Digitally aware customer now has different needs and uses online platform to buy as many products possible. The digital technology arm of the company would be strengthened in the future.