D. Shivakumar has quit as the chairman of Pepsico India after serving for four years.
Mr. Shivakumar would be joining the Aditya Birla Group where he would be the group corporate president for strategy and business development.
Prior to joining Pepsico India, he was the managing director at Nokia India. He also had useful stints at Hindustan Unilever and Philips Consumer Electronics.
His exit from PepsiCo comes at a time when the cola industry is going through testing times on very many fronts.
At PepsiCo, Mr. Shivakumar played a key role in portfolio transformation and helped the company develop nutrition business.
He was responsible for launching winning innovations with the Quaker and Tropicana brands.
Ahmed El Sheikh, senior vice-president and general manager for PepsiCo Egypt and Jordan, will be the new CEO of PepsiCo India.
He would assume his India role on November 1.
Mr. Shivakumar will leave PepsiCo on December 31.
