PepsiCo, Inc. has announced that, effective January 1, 2018, Mike Spanos, currently President, PepsiCo Greater China Region, will become Chief Executive Officer, Asia, Middle East and North Africa (AMENA).
PepsiCo also announced that Sanjeev Chadha, currently Chief Executive Officer of AMENA, will become Chairman of AMENA through the end of Q1 2018.
Both Spanos and Chadha will report to PepsiCo Chairman and CEO Indra Nooyi.
“We have a strong bench of senior executives, and we are thrilled to promote Mike, one of our most seasoned and proven leaders, into this important role,” said Nooyi. “Most recently, Mike has led our business in China through unprecedented change, growing our foods and beverage businesses and investing in our nutrition portfolio.”
Nooyi continued, “On behalf of the entire team, I want to thank Sanjeev for his exemplary career at PepsiCo over the last 27 years and his extraordinary commitment to our company. His continued support as Chairman of AMENA until his retirement at the end of March will ensure a smooth transition.”
Mike Spanos has had a notable career at the company, spanning 24 years with posts in the U.S., Europe and Asia. Prior to leading the company’s China business, he led the sales organization across the company’s North America Beverages portfolio, and served as SVP and General Manager for the West Business Unit of the company’s beverage operations.
Previously, Spanos held various sales and GM roles, including Country Manager for Turkey and VP of Sales and Food Service for The Pepsi Bottling Group, Inc. He began his career as a frontline territory development manager in beverages.
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. The company generated approximately $63 billion in net revenue in 2016, 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 22 brands that generate more than $1 billion each in estimated annual retail sales.