PepsiCo SSA appoints Tertius Carstens as CEO
Tertius will be working alongside CFO Ted Wilcox to overcome the immediate challenges of Covid-19.
PepsiCo has announced the appointment of Tertius Carstens as its sub-Saharan Africa CEO with immediate effect.
About his appointment, Tertius said that Covid-19 has made clear and accelerated the need for decisive and agile decision making, responsiveness and coordination.
“We believe this will be best served by a single leadership team across the Pioneer Foods, Simba and SSA Food and Beverage businesses, and together we are looking forward to overcoming the immediate challenges and positioning the business for growth,” he said.
Tertius will be working alongside CFO and 2020 CFO Awards nominee Ted Wilcox on the PepsiCo SSA exco.
Read more: Ted Wilcox nominated for 2020 CFO Awards
The appointment comes after the Competition Tribunal gave the US giant a go-ahead to acquire Pioneer Foods for R31 billion in March.
PepsiCo Africa, Middle East and South Asia CEO Eugene Willemsen said the Pioneer boss, Tertius, was qualified and experienced to lead the region as he had a strong track record in the fast-moving consumer goods sector and African markets.
“His appointment is a major step in enabling the integration of Pioneer Foods into PepsiCo and the successful execution of our Sub-Saharan African growth strategy,” he said.