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.
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(This story appears in the 12 July, 2013 issue of Forbes India. To visit our Archives, click here.)