Nokia veteran, D Shivakumar joins PepsiCo

PepsiCo today announced D “Shiv” Shivakumar as the chairman and CEO, India Region, effective immediately.

Shivakumar will oversee all aspects of PepsiCo’s India Region, which includes many of India’s most beloved food and beverage brands such as Pepsi-Cola, Lay’s potato chips, Slice mango beverage, Kurkure snacks, Tropicana juices and Quaker oats, as well as the NourishCo joint venture with Tata Global Beverages and franchise businesses in Bangladesh, Nepal, Bhutan, Sri Lanka and Maldives.

Shivakumar is one of India’s most experienced and proven business leaders. His track record of success spans multiple industries from consumer products to technology to telecom. Most recently, as a senior executive with Nokia for most of the past decade, he led India to become Nokia’s top-ranked market by revenue and one of its most profitable geographies.

Previously, he spent 14 years at Hindustan Unilever, where he grew the Lipton tea brands to historic volumes, and three years at Philips Consumer Electronics India, doubling the company’s revenues over that period.

“Shiv is a natural leader. He is known to be a great coach and mentor who inspires people to do their best and overcome challenges with a smile on their face,” said Sanjeev Chadha, CEO, PepsiCo AMEA.

“PepsiCo is one of the world’s most innovative, respected and successful companies,” added Chadha.

“I love the PepsiCo team’s passion to win, its strong values, and the philosophy of Performance with Purpose. I am thrilled to carry on the tradition of excellence, excitement and purpose that PepsiCo’s extremely talented team has established – I am looking forward to working with those team members, and helping them achieve many more milestones to be proud of in the years to come,” said Shiv.

Shivakumar is an engineer from IIT Chennai and an MBA from IIM Calcutta. He is currently a member of the board of governors of IIM Ahmedabad and immediate past-president, All India Management Association.

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