Walmart's Top Asia Executive Joins PepsiCo
After three years as president and CEO of Walmart China, Wern-Yuen Tan is joining PepsiCo as CEO of Asia Pacific, Australia, New Zealand and China.
Tan will join PepsiCo on June 15 and report to CEO Ramon Laguarta. While at Walmart he led a business with roughly 100,000 employees and annual revenues of more than $10 billion across the Walmart, Sam’s Club and e-commerce businesses in Asia. Prior to joining Walmart in 2017, Tan served as managing director for McDonald's Taiwan and earlier in his career he was a principal at Boston Consulting Group.
Laguarta described Tan as someone who has driven transformative innovation and results at every step of his career and brings deep experience with consumers in a diverse region through positions in retail, food service and consulting.
“His leadership will be instrumental as we look to accelerate growth by leveraging our scale and creating more localized solutions in these important markets,” Laguarta said of the Asian markets Tan will oversee.
The addition of Tan means Ram Krishnan, who has been serving as PepsiCo’s CEO of APAC, will now transition fully to his previously announced role as global chief commercial officer of PepsiCo. The role was created to support PepsiCo's efforts to accelerate growth, with a focus on scaling innovation, commercial and transformation capabilities. Among the initiatives the company said it is pursuing are building a data driven demand ecosystem, portfolio transformation, innovating with speed and impact and building foundational e-commerce, revenue management, and go-to-market capabilities.
In addition to serving as CEO of Walmart China, Tan also serves on the board of directors of the Walmart Foundation and is a member of Walmart’s Global Inclusion Council. In China, Tan is a vice chairman of both the China Chain Store & Franchise Association (CCFA) and the China General Chamber of Commerce (CGCC).