Wednesday, July 08, 2020 / 10:56 AM / by
PepsiCo / Header Image Credit: Brand Arena/Ecographics
PepsiCo, Inc today announced its Board of Directors
has elected Segun Agbaje as an independent member of the Board. Mr. Agbaje, 56,
will join the Board and the Audit Committee effective July 15, 2020. He
currently serves as Managing Director and Chief Executive Officer of Guaranty
Trust Bank plc, a Nigerian multinational financial institution.
"I am delighted to welcome Segun to the PepsiCo
Board," said PepsiCo Chairman and CEO, Ramon Laguarta. "Segun is a
well-respected and proven business leader with a deep understanding of complex
businesses and fast-growing markets, particularly Sub-Saharan Africa where we
recently acquired Pioneer Foods as part of our strategy to expand in the
region. His experience in business transformation and passion for delivering
consumer value will serve PepsiCo well as we continue our journey to be the
global leader in convenient foods and beverages by winning with purpose."
Prior to becoming Managing Director and Chief
Executive Officer of Guaranty Trust Bank plc in 2011, Agbaje held several
positions at the bank after joining in 1991, including Executive Director and
most recently Deputy Managing Director from 2002 to 2011. Previously, Agbaje
served as an auditor for Ernst & Young LLP in the United States from 1988
to 1990.
"We look forward to Segun joining the PepsiCo
Board and to the valued global perspective he will add to our team," said
Daniel Vasella, chair of the Board's Nominating and Corporate Governance
Committee. "His knowledge and experience of embracing and scaling
new technologies and critical capabilities will be valuable as we continue to
invest in opportunities that create shareholder value and deliver long-term
sustainable growth."
Agbaje also currently serves as a director of
MasterCard Advisory Board Middle East and Africa. He holds a Bachelor of
Science in Accounting and a Masters in Business Administration from the
University of San Francisco.
Related News