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PepsiCo names CEO of Latin America arm

PepsiCo Inc. announced March 18 that it has appointed Paula Santilli as CEO of its Latin America business.

Santilli, president of PepsiCo Mexico Foods, will succeed Laxman Narasimhan, who was recently named global chief commercial officer of the beverage giant.

PepsiCo also appointed Roberto Martinez, chief commercial officer of the Latin America business, as president of PepsiCo Mexico Foods, reporting to Santilli.

Both appointments will take effect May 1.