News: PepsiCo India president Manu Anand quits; no succession plan in place

#Updates

PepsiCo India president Manu Anand quits; no succession plan in place

In a sudden development, Manu Anand, region president for India and South Asia at beverage and snacks company PepsiCo, has quit, in circumstances described by company insiders as less than amicable, Economic Times reported.

In a sudden development, Manu Anand, region president for India and South Asia at beverage and snacks company PepsiCo, has quit, in circumstances described by company insiders as less than amicable, Economic Times reported.

Two company officials, who spoke on the condition of anonymity because of the sensitivity of the matter, say concern at Pepsi's Asia-Pacific headquarters over loss of market share to rival Coca-Cola as well as less-than-expected returns from Rs 160 crore spent on the sixth edition of Indian Premier League contributed to Anand's abrupt departure.

Read the full report here

Topics: #Updates, Strategic HR

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