New Delhi: Retail giant Metro Cash & Carry on Tuesday said it has appointed former PepsiCo India head Rajeev Bakshi as the vice-president and managing director of its subsidiary in the country.
Bakshi will assume his new positions from 1 June and will be replacing Sylweriusz Faruga, who is taking up some other senior position in the company, Metro Cash & Carry India said in a statement.
“We are glad to have Bakshi, a veteran in the consumer goods industry with over 30 years of international experience, on board. This is a clear sign of our long-term commitment to the Indian market and our determination to tap the potential of the sub-continent,” Metro Cash & Carry international regional operating officer (Asia) James Scott said.
Bakshi served as chairman of PepsiCo Holdings India from 2002 to 2007, before moving to the beverage giant’s Asia headquarters in Hong Kong.
Having started his career in FMCG firm Lakme, Bakshi also worked with chocolate major Cadbury and ICICI Venture.
Metro Cash & Carry started operations in India in 2003 with two distribution centres in Bangalore. Operating under the cash-and-carry format, it has over 1.5 lakh members and offers over 18,000 articles across food and non food segments to business customers including hotels and restaurants, food and non-food traders and institutional buyers.
It has a total of five outlets India, including two in Bangalore, and one each in Kolkata, Hyderabad and Mumbai.
Metro Cash & Carry is the largest sales division of the German retail giant Metro AG.