Summary
This 8-K filing from PepsiCo (PEP) primarily details a key executive leadership transition within its Latin America sector. Effective May 1, 2019, Paula Santilli, currently President of PepsiCo Mexico Foods, will assume the role of Chief Executive Officer for the Latin America sector. This appointment follows the creation of a new role for Laxman Narasimhan as Global Chief Commercial Officer, a position he assumed on March 4, 2019. Mr. Narasimhan had been temporarily leading the Latin America sector on an interim basis, and with Ms. Santilli's appointment, he will fully transition out of this interim responsibility.
Key Highlights
- 1Paula Santilli appointed as the new Chief Executive Officer, Latin America, effective May 1, 2019.
- 2Santilli's current role as President, PepsiCo Mexico Foods, is a testament to her experience within a key market.
- 3Laxman Narasimhan transitions out of his interim CEO role for Latin America.
- 4Narasimhan will now fully focus on his newly created position as Global Chief Commercial Officer.
- 5This leadership change aims to streamline operations and focus executive attention on critical commercial strategies.
- 6The filing confirms a previously announced leadership change for Narasimhan.