PepsiCo appoints new CEO for APAC region

Global food and beverage company PepsiCo has appointed Wern-Yuen Tan as its new chief executive officer for the Asia Pacific, Australia, New Zealand and China (APAC).

Tan will assume the new Singapore-based role on 15 June and report to PepsiCo CEO Ramon Laguarta.

Laguarta said: “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.

“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, foodservice and consulting.

“His leadership will be instrumental as we look to accelerate growth by leveraging our scale and creating more localised solutions in these important markets.”

Before being appointed as the new CEO for PepsiCo’s APAC region, Tan served as the president and CEO of Walmart China where he led a team of 100,000 associates and was responsible for annual revenues exceeding $10bn.

Tan will succeed Ram Krishnan, who will now be moved to his previously announced role as PepsiCo global chief commercial officer.

Tan said: “I am thrilled to join PepsiCo, a truly global company whose products are recognised 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 localised solutions in this dynamic part of the world.”

Last April, PepsiCo appointed Steven Williams as the new chief executive officer of PepsiCo Foods North America (PFNA).

PFNA includes brands such as Frito-Lay North America (FLNA) and Quaker Foods North America (QFNA).