New CEO to be appointed of Pepsico for the Middle East unit

Pepsico today announced a leadership transition in its executive team. Ahmed El Sheikh, currently CEO for PepsiCo India will move on to assume new responsibilities within Pepsico as the CEO for the Middle East business unit as of March 2024. Jagrut Kotecha, currently chief commercial officer for Pepsico in Africa, Middle East, and South Asia (AMESA) will assume the role of CEO for Pepsico in his place.  
In 2023, PepsiCo India continued to deliver financial results accelerating its transformation journey.  This achievement underscores the company's understanding of the Indian market, its approach to product development, and efficient distribution strategies. 

Eugene Willemsen, chief executive officer – Africa, Middle East and South Asia, Pepsico said, “India remains a pivotal market for PepsiCo, playing a crucial role in our global strategy. Over the last six years, Ahmed has been instrumental in transforming our business, driving innovation, and steering the team through challenging landscapes. His leadership saw the introduction of pioneering products and various community focused initiatives, and I look forward to continuing to work with him in his new capacity. I am equally excited to welcome Jagrut Kotecha to the India executive team and am certain that we will continue to scale new zeniths of success under his leadership with our Indian consumers.”

Ahmed ElSheikh, CEO, Pepsico said, "Leading the team in India has been a journey filled with unique insights and vibrant experiences. The diversity and cultural richness of India have not only added to the business's success but also enriched my personal growth. The resilience and creativity of the Indian team are unparalleled, and I have no doubt that they will continue to excel under Jagrut Kotecha’s leadership. I leave with a heart full of gratitude and a treasure trove of memories that will continue to inspire me in my future endeavors.”

Jagrut Kotecha, current chief commercial officer for Pepsico in AMESA and incoming CEO for Pepsico said, "Having been part of the Pepsico family for the past 30 years, I have witnessed firsthand the unwavering commitment of

PepsiCo India to excellence and innovation. This commitment has not only propelled our growth in the Indian market but also reinforced our position as a leader in the industry. Ahmed leaves an indelible mark on our India operations and his legacy of success sets a high benchmark for us all. As I take on this new responsibility, I am excited to drive forward our mission, ensuring continued success and growth in the Indian market.”

PepsiCo India remains dedicated to strengthening its operations in India, reinforcing its commitment to innovation and customer satisfaction. This change not only signifies a new chapter for PepsiCo India but also reaffirms the company's dedication to nurturing leadership talent and adapting to evolving market dynamics.