PepsiCo elects Segun Agbaje as an independent member of the Board Of Directors

PepsiCo, Inc. has announced that its Board of Directors has elected Segun Agbaje as an independent member of the Board.

Segun Agbaje, MD GTBank

The 56-year-old’s appointment is effective July 15, 2020.

Mr Agbaje will join the Board and the Audit Committee.

Until his appointment, Mr Agbaje was the Managing Director and Chief Executive Officer of Guaranty Trust Bank plc, a Nigerian multinational financial institution.

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.

The Chairman and CEO of PepsiCo, Ramon Laguarta said "I am delighted to welcome Segun to the PepsiCo Board."

"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," he added.

Mr Agbaje was appointed as MD of Guaranty Trust Bank plc in 2011. He joined the bank 1991 and held several positions there, including Executive Director and most recently Deputy Managing Director from 2002 to 2011.

Mr Agbaje had earlier worked as an auditor for Ernst & Young LLP in the United States from 1988 to 1990.

The chair of the Board's Nominating and Corporate Governance Committee Daniel Vasella said "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."

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

LIVE: Results from Kenya's 2022 elections

LIVE: Results from Kenya's 2022 elections

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

LIVE: Presidential election results

LIVE: Presidential election results

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Machakos billionaire buys 680 Hotel in Nairobi

Machakos billionaire buys 680 Hotel in Nairobi

Referee behind chaos at AFCON was rushed to hospital after match

Referee behind chaos at AFCON was rushed to hospital after match

New governors-elect in 42 counties, confirmed by IEBC [LIST]

New governors-elect in 42 counties, confirmed by IEBC [LIST]

Ne-Yo speaks out after wife Crystal announced end of their 8-year marriage

Ne-Yo speaks out after wife Crystal announced end of their 8-year marriage