INDIA - PepsiCo India Holdings Pvt. Ltd’s chairman and chief executive officer D. Shivakumar has resigned, and will be joining Aditya Birla Group as President (Corporate Strategy and Business Development). Ahmed El Sheikh, currently senior vice-president and general manager for PepsiCo Egypt and Jordan, will succeed Shivakumar as PepsiCo India CEO, the beverage maker said…
CHINA - U.S. stock market indexes closed moslty lower on Friday, reversing the positive trend of the past week. The Nasdaq Composite reached another new high, but the Dow Jones and S&P 500 were slightly lower. Despite this downturn, shares of Yum China Holdings Inc. gained more than 2.5% on the back of yesterday's announcement…
GREECE - Coca Cola HBC has announced the death of its CEO, Dimitri Lois just weeks after announcing that he was talking leave of absence for treatment of a medical condition. “We are deeply saddened by the news of Dimitris's death. It was a great privilege to know him personally and to work alongside him…
USA - Kellogg Company’s Board of Directors has unanimously elected Steven A. Cahillane as the company’s new Chief Executive Officer as the current CEO John Bryant decides to retire. Cahillane who recently served as the President and CEO of Nature's Bounty, the manufacturer, marketer and specialty retailer of health and wellness products, since 2014 where…
NETHERLANDS – Netherlands-based Royal FrieslandCampina, one of the world’s leading dairy companies and the parent company of FrieslandCampina WAMCO in Nigeria, has announced that its Chief Executive Officer (CEO), Roelof Joosten will step down on 1 January 2018, and to be succeeded by Hein Schumacher, the company’s current Chief Financial Officer (CFO). Roelof has been…
USA - Ingredion Incorporated, a leading global provider of ingredient solutions to diversified industries, has announced James P. (Jim) Zallie as the new CEO and company president effective January 1, 2018. James was unanimously selected by the board of directors while Ilene Gordon, current CEO, president and chairman, will serve as the company’s executive chairman…
NIGERIA – Promasidor Nigeria Limited announced on Tuesday the appointment of Mr. Anders Einarsson as its new Managing Director, taking over from Mr. Olivier Thiry, who has now been moved up to the chief executive officer position.
SOUTH AFRICA – Coca-Cola African unit has appointed Roger Gauntlett to become its new General Manager (GM) for its South African operations, replacing Luigi Panaino, who left the company after 20 years of Coca-Cola system experience.
KENYA – Uchumi Supermarkets has raided Equity Bank, tapping Dr Julius Kipng’etich as its new chief executive officer. Dr Kipng’etich was Equity Bank chief operating officer.
KENYA – Uchumi Supermarkets has raided Equity Bank, tapping Dr Julius Kipng’etich as its new chief executive officer. Dr Kipng’etich was Equity Bank chief operating officer.
