Managing Director of Guaranty Trust Bank of Nigeria (GTBank) Plc, Segun Agbaje, has been elected as an independent member of the board of directors of PepsiCo, the American owners of popular beverage, Pepsi and Moutain Dew.
A press release by PepsiCo on Tuesday stated that Mr Agbaje, 56, will join the board and the audit committee effective July 15, 2020.
PepsiCo chairman and CEO, Ramon Laguarta, expressed delight in welcoming Agbaje 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,” Laguarta said.
The chairman of PepsiCo’s board’s Nominating and Corporate Governance Committee, Daniel Vasells, 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.”
Agbaje also currently serves as a director of MasterCard Advisory Board Middle East and Africa.
He holds a Bachelor of Science degree in Accounting and a master’s in Business Administration from the University of San Francisco.