President Ramon Laguarta was elected by the board of directors to succeed her. Laguarta was also elected to the board.
Companies from Unilever to Proctor & Gamble, Nestl, Coca-Cola and PepsiCo have all alluded to lockdown challenges in India and the globe as well as the impact it will have on April-June as well as full-year numbers.
PepsiCo has tie-ups with KFC, Pizza Hut, Domino's, Burger King, and Subway in India, while Coca-Cola has a partnership with McDonald's only
"Now is the time to shift my priorities to my family," said the outgoing PepsiCo CEO.
The good news for PepsiCo is that the foods segment has normalised much faster to pre-pandemic levels than beverages.
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