PURCHASE, N.Y., June 3, 2020 /PRNewswire/ -- PepsiCo, Inc.
(NASDAQ: PEP) today announced that Wern-Yuen Tan has been appointed
Chief Executive Officer of Asia
Pacific, Australia,
New Zealand and China ("APAC"), overseeing all of PepsiCo's
operations in the region. Mr. Tan, who will begin his new role on
June 15, 2020, will be based in
Singapore and will report to
PepsiCo CEO Ramon Laguarta.
"All of us at PepsiCo are delighted to welcome Wern-Yuen as our
new CEO of APAC at this time of unprecedented change and
opportunity," said Ramon Laguarta,
CEO of PepsiCo. "Wern-Yuen has driven transformative innovation and
results at every step of his career and brings deep experience with
consumers in this diverse region through positions in retail, food
service and consulting. His leadership will be instrumental as we
look to accelerate growth by leveraging our scale and creating more
localized solutions in these important markets."
Prior to PepsiCo, Tan served as President and CEO of Walmart
China where he led a team of 100,000 associates responsible for
over $10 billion in annual revenue
across the Walmart, Sam's Club and eCommerce businesses. During his
tenure, he led Walmart China through a time of transformation to
become an industry pioneer in omnichannel innovation and retail
digitization. Prior to joining Walmart in 2017, Tan served as
Managing Director for McDonald's Taiwan, where he gained valuable experience in
the food service sector. Earlier in his career, he was a principal
at Boston Consulting Group, where he advised retail and consumer
clients on growth strategy, innovation and turnarounds. Tan began
his career in the Singapore
government.
"I am thrilled to join PepsiCo, a truly global company whose
products are recognized across the world," said Tan. "With deep
roots across this region and an unparalleled offering, PepsiCo is
uniquely positioned to expand its market share and existing
omnichannel capabilities across APAC. I look forward to working
with Ramon and the entire leadership team to drive growth and
localized solutions in this dynamic part of the world."
Ram Krishnan, who has been serving as CEO of APAC, will now
transition fully to his previously announced role as Global Chief
Commercial Officer of PepsiCo. The role was created to support
PepsiCo's efforts to accelerate growth, with a focus on scaling
innovation, commercial and transformation capabilities. This
includes building a data driven demand ecosystem; portfolio
transformation; innovating with speed and impact; and building
foundational eCommerce, Revenue Management, and Go-to-Market
capabilities.
Laguarta continued: "I also want to recognize and express my
deep gratitude to Ram and the APAC leadership team for their
phenomenal work managing our business through a historically
difficult period while delivering strong results and making PepsiCo
Faster, Stronger and Better. Ram will now return fulltime to his
role as Global Chief Commercial Officer, a crucial position for
PepsiCo's Winning with Purpose strategy. His continued leadership
will be a tremendous asset as we execute on our global consumer and
customer sales agenda, whilst developing and scaling new
capabilities and business models based on data and technology to
deliver future growth."
About PepsiCo
PepsiCo products are enjoyed by
consumers more than one billion times a day in more than 200
countries and territories around the world. PepsiCo generated more
than $67 billion in net revenue in 2019, driven by a
complementary food and beverage portfolio that includes Frito-Lay,
Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo's product
portfolio includes a wide range of enjoyable foods and beverages,
including 23 brands that generate more than $1
billion each in estimated annual retail sales.
Guiding PepsiCo is our vision to Be the Global Leader in
Convenient Foods and Beverages by Winning with Purpose. "Winning
with Purpose" reflects our ambition to win sustainably in the
marketplace and embed purpose into all aspects of the
business. For more information,
visit www.pepsico.com.
Cautionary Statement
Statements in this release that
are "forward-looking statements" are based on currently available
information, operating plans and projections about future events
and trends. Forward-looking statements inherently involve risks and
uncertainties. For information on certain factors that could cause
actual events or results to differ materially from our
expectations, please see PepsiCo's filings with the Securities and
Exchange Commission, including its most recent annual report on
Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors
are cautioned not to place undue reliance on any such
forward-looking statements, which speak only as of the date they
are made. PepsiCo undertakes no obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Contact:
Carrie.Ratner@pepsico.com
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SOURCE PepsiCo