PepsiCo India chairman D Shivakumar to quit and join Aditya Birla

PepsiCo India chairman D Shivakumar is all set to quit PepsiCo and join Aditya Birla after almost four years of taking over as the head of the cola and snacks giant.

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Shivakumar had joined PepsiCo after having worked at Nokia, prior to which he was with Hindustan UnileverBSE 1.22 % and Philips Consumer Electronics.

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He is credited with consolidating PepsiCo with the Power of One s strategy and steering its snacks business back to double-digit growth. The development comes at a time when the cola industry had been reeling under taxation, consumers are turning to healthier drinks, and there is an onslaught of B-brands in the market, all of which has resulted in both single-digit growth for the category and lower profitability.



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