PepsiCo elects Segun Agbaje into its board of directors

PepsiCo Inc. the American multinational food, snack and beverage corporation has elected Segun Agbaje, the Managing Director of Guaranty Trust Bank of Nigeria as an independent member of its Board of Directors. Mr. Agbaje will join the Board and the Audit Committee effective July 15, 2020.

Commenting on the election, PepsiCo Chairman and CEO Ramon Laguarta expressed delight in welcoming Mr. Agbaje to the PepsiCo Board.

In his words: “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.”

Also commenting in a similar vein, the Chair of PepsiCo’s Board’s Nominating and Corporate Governance Committee, Daniel Vasells stated: “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.”

Segun Agbaje 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.


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