By Fola James
On July 15, Segun Agbaje the ebullient managing director of Guarantee Trust Bank Plc will join the board of directors of PepsiCo, the owner of Pepsi and Mountain Dew.
Agbaje was elected into the board as an independent member according to a statement obtained by the magazine.
“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,” said PepsiCo Chairman and CEO Ramon Laguarta, while welcoming Agbaje to the board.
Also commenting on the appointment, the chair of PepsiCo’s Board’s Nominating and Corporate Governance Committee, Daniel Vasells said Agbaje will bring his robust experience as a seasoned manager into PepsiCo.
According to him“We look forward to Segun joining the PepsiCo Board and to the valued global perspective he will add to our team.
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.”
PepsiCo is now the owner of Pioneer Foods, makers of Butterfield Bread, and Food Concept, a leading baking company, which has now acquired the popular Chicken Republic, the popular fast food company in Nigeria.
Agbaje, a seasoned banker is a director in MasterCard Advisory Board Middle East and Africa.
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