PepsiCo Names New CEO For APAC Region
PepsiCo has appointed Wern-Yuen Tan as the chief executive of its business in the Asia Pacific, Australia, New Zealand and China (APAC) region, effective 15 June.
Tan will be based in Singapore and report to PepsiCo CEO Ramon Laguarta, the company added.
In 2017, Tan joined Walmart China as the president and CEO and was responsible for leading a team of 100,000 associates through a transformative phase to establish the company as a pioneer in omnichannel innovation and retail digitisation.
Under his leadership, the company generated over $10 billion in annual revenue through its Walmart, Sam's Club and eCommerce businesses.
Commenting on his appointment, Laguarta said, “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 joining Walmart, Tan served as the managing director for McDonald's Taiwan, gaining valuable experience in the foodservice sector.
Tan began his career in with the Singapore government and moved on to join Boston Consulting Group, where he advised retail and consumer clients on growth strategy, innovation and turnarounds.
Speaking on his new role, Tan said, "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."
Tan will replace Ram Krishnan in the role, who is set to take over as the global chief commercial officer of PepsiCo.
© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.