Beverages and snacks major PepsiCo India on Thursday said its India Region President Manu Anand has quit the company with immediate effect after working with the company for 19 years.
"PepsiCo India Region President Manu Anand has decided to join another company and is leaving PepsiCo. His successor will be announced in due course," a PepsiCo India spokesperson said in a statement. Anand could not be reached for comments.
The leadership change in PepsiCo India comes a day after rival Coca Cola announced that its India and West Asia CEO and President, Atul Singh was promoted as Deputy President of the company's Pacific Group with effect from July 1. Following the development, PepsiCo India CEO (Beverages) Gautham Mukkavilli and PepsiCo India CEO (Foods) Praveen Someshwar will now directly report to PepsiCo AMEA (Asia, Middle East and Africa) head Saad Abdul latif.
Anand became chairman of PepsiCo's India Region in January 2011. In this role, he was responsible for the company's beverage and foods businesses in India and neighbouring South Asian countries except Pakistan.