PepsiCo's new boss sends out morale-boosting letter to employees

Drumming up enthusiasm among staff in the battle for market share with Coca-Cola and other rivals, PepsiCo’s new India head, D Shivakumar wrote a morale-boosting letter to employees, ET reported. He has taken over the local unit of the beverage and snacks maker that has been without a chief executive for about half the year.

According to the report, Shivakumar wrote, “We are a daily market share business much like newspapers, milk, cigarettes and airline seats. These industries cannot afford to lose a day. Hence, the key is relentless execution."

Read the complete report here