PepsiCo appoints new leader for APAC
Food and beverage giant PepsiCo has on Wednesday appointed Wern-Yuen Tan as the new CEO of Asia Pacific, Australia, New Zealand and China (APAC). He will take up the role on June 15, 2020 and will be based in Singapore as he reports to PepsiCo CEO Ramon Laguarta.
“All of us at PepsiCo are delighted to welcome Wern-Yuen as our new CEO of APAC at this time of unprecedented change and opportunity,” Laguarta said in a statement.
“Wern-Yuen has driven transformative innovation and results at every step of his career and brings deep experience with consumers in this diverse region through positions in retail, food service and consulting. His leadership will be instrumental as we look to accelerate growth by leveraging our scale and creating more localized solutions in these important markets.”
Previously, Tan served as President and CEO of Walmart China in 2017 leading 100,000 employees and raked in over $10 billion in annual revenue across the Walmart, Sam’s Club and eCommerce businesses. Walmart China was undergoing a transformation as a leader in omnichannel innovation and retail digitisation. Tan also previously held the role of managing director at McDonald’s Taiwan.
“I am thrilled to join PepsiCo, a truly global company whose products are recognized across the world. With deep roots across this region and an unparalleled offering, PepsiCo is uniquely positioned to expand its market share and existing omnichannel capabilities across APAC. I look forward to working with Ramon and the entire leadership team to drive growth and localized solutions in this dynamic part of the world,” said Tan.
Ram Krishnan, who has been serving in the APAC role, takes up the position of global chief commercial officer to help accelerate growth in innovation, commercial and transformation capabilities. He will oversee “building a data driven demand ecosystem; portfolio transformation; innovating with speed and impact and building foundational eCommerce, Revenue Management, and Go-to-Market capabilities”.
Laguarta expressed “deep gratitude” to Ram and the APAC leadership team for their “phenomenal work managing our business through a historically difficult period”
He said that his leadership is a “tremendous asset” in the company in global consumer and customer sales as well as “developing new capabilities and business models based on data and technology” for the future growth of PepsiCo.