Pepsico India chief Manu Anand has quit the company. His exit comes amid speculation that he was asked to leave. The company had been losing ground to Coca-Cola and Anand’s gamble to put Rs 160 crore into the IPL also did not pay off.
Royal Bank of Scotland has found a replacement for Meena Sanyal who recently quit as country head to enter the world of politics and social development. Ex-Citibanker Sanjeev Vohra will take over the India business. Vohra recently quit as country officer Philippines to move back to India.
(This story appears in the 12 July, 2013 issue of Forbes India. To visit our Archives, click here.)