Feb 24, 2021

People Moves North America: Bain, Capgemini, Cisco, HSBC

executivemoves
C-Suite
CEOs
Leadership
Kate Birch
3 min
From cybersecurity to sustainability hires, and from Capgemini to Cisco, here’s Business Chief’s weekly round-up of big executive moves in North America
From cybersecurity to sustainability hires, and from Capgemini to Cisco, here’s Business Chief’s weekly round-up of big executive moves in North Ame...

In a week where Fernando Merce, the CEO of Nestle Waters North America steps down, and Schroders announces a number of senior hires in New York, there have been a handful of key executive appointments and promotions in big business across the US.

While Europe-headquartered Capgemini Group makes a key CFO hire to drive expansion within the US, Sysco announces a digital strategy hire to help accelerate its own business transformation and Bain doubles down on diversity with first-ever CDO hire.

Here is Business Chief’s weekly round-up of the big executive moves in North America. 

Jim Bailey becomes CEO of Capgemini’s Americas Strategic Business Unit

Jim Bailey has made a move from Accenture, where he spent the last three decades, and where he co-founded the Accenture Digital leadership team, to Capgemini Group becoming the company’s CEO of its Americas Strategic Business Unit as well as a Group Executive Board Member. With extensive leadership experience in digital services across a number of industries, and an impressive track record in managing strategic partnerships and large accounts including with Apple, Google, Intel and Microsoft, Bailey will have responsibility at Capgemini for driving “the expansion of our footprint in this very large and critical market for the Group”, says Aiman Ezzat, CEO, Capgemini Group

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Michael Roberts becomes HSBC CEO, US and Americas

President, CEO and Executive Director of HSBC North America Holdings Inc. since 2019, Michael Roberts has further taken on leadership of HSBC’s businesses in the US, Canada and Latin America and has been appointed HSBC CEO, US and Americas. In this new role, Roberts will focus on strengthening flows of business within the Americas region, deepening connectivity across the HSBC network and capturing more revenue opportunities. He will continue with his existing responsibilities as CEO of HSBC Bank USA.

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Anthony Grieco secures top cybersecurity executive role at Cisco

A 20-year Cisco veteran, most recently serving as the tech giant’s Trust Strategy Officer, Anthony Grieco has landed the role of Cisco’s Chief Information Security Officer (CISO). Having already played a central role in the company’s security business, developing and marketing cybersecurity products worldwide, Grieco is perfectly placed to be positioned as the top cybersecurity exec at Cisco as cybersecurity becomes an increasingly key issue worldwide. 

Bain Partner Julie Coffman moves into Chief Diversity Officer role

Following decades driving diversity within Bain, company partner Julie Coffman has been appointed as Bain & Company’s first-ever chief diversity officer. A long-time leader within Bain, having led the formation of the company’s DEI practice, Coffman will lead the charge on Bain’s commitments to racial equity and social justice. With decades of organisational change management expertise, Coffman is a senior executive with “the experience, clarity of purpose and resolve to lead our global change agenda”, states Manny Maceda, Bain’s Worldwide Managing Partner. 

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Tom Peck joins Sysco as Chief Information and Digital Officer
Tom Peck has been snapped up by leading global foodservice distribution firm Sysco to lead the company’s digital transformation. Armed with decades of experience leading enterprise IT strategy, serves, operations, risk and cybersecurity for some of the biggest global firms, including most recently for Ingram Micro Inc., Peck is primed to lead the US$52bn firm’s efforts in accelerating business transformation. 

Serving as Sysco’s Executive VP and Chief Information and Digital Officer (CIDO), Peck will “accelerate our ability to drive profitable sales growth by enabling our strategic transformation through best-in-class customer engagement technologies”, states Kevin Hourican, Sysco’s President and CEO. 

Shelley Norman makes move from AIG to Berkshire Hathaway insurance

Armed with 25 years of insurance leadership experience at AIG, Shelley Norman is making the move to the insurance arm of Warren Buffett’s global insurance and reinsurance firm, Berkshire Hathaway Specialty Insurance (BHSI). As Senior Vice President, Management Liability, Central Region, Chicago-based Norman joins BHSI during an ongoing expansion of the firm’s US executive team. 

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Jun 6, 2021

Business Chief Legend: Former PepsiCo CEO Indra Nooyi

PepsiCo
businesslegend
Leadership
CEO
Kate Birch
4 min
As the first and only female CEO of PepsiCo, Indra Nooyi smashed corporate America’s glass ceiling and transformed the performance and purpose of PepsiCo

At a recent Asia Pacific-focused event, organised by P&G and UN Women, the former CEO of PepsiCo, Indra Nooyi, shared why enabling a diverse and inclusive workforce can directly impact the bottom line.

“If 80% of our products are bought by women because they were the gatekeepers at home, or make all the purchases, why don’t we have a large number of women represented in our ranks,” she told a virtual global crowd of thousands. 

Such business advice may seem rather obvious today, but in 2006, when Nooyi put this business philosophy into practice at PepsiCo, it was both pioneering and progressive. Because not only did the performance of PepsiCo transform under Nooyi’s 12-year tenure as CEO, but so did its purpose and people, with Nooyi widely praised for transforming the firm’s diversity and inclusion agenda.

And who better to do so than someone who had herself smashed the corporate American glass ceiling. Because, when Nooyi became CEO in 2006, following 12 years as Chief Strategist, not only was she among just a handful of female CEOs leading Fortune 500 firms, and one of very few foreign-born executives, she was both the first female CEO to lead PepsiCo, and the first person of colour. Not to mention also being a wife and mother.

Proving performance and purpose can co-exist

And she more than got the job done, growing PepsiCo revenues by 80%, making the firm more global than it had ever been, so that by the time she stepped down in 2018, nearly 20% of net revenues came from MENA, Asia and Latin America, and expanding the business significantly with key acquisitions (Tropicana) and mergers (Quaker Oats).

But it was Nooyi’s strategic redirection of PepsiCo, transforming both its purpose and people, that really made an impact. As chief architect of PepsiCo’s pledge, Performance with Purpose, unveiled in 2006 and a precursor to the modern sustainability movement, Nooyi repositioned the firm to focus on what is best for the world and for its people, from sustainability and social responsibility to diversity and diet.

She transformed the firm’s D&I agenda, created a culture where workers were encouraged to stay with the company, moved corporate spending away from junk food and into healthier alternatives, redesigned packaging to reduce waste, and switched to renewable energy sources and recycling.

As she told Forbes in 2017, “I wanted to make sure that PepsiCo was not only delivering top-tier financial returns but doing so in a way that was responsive to the needs of the world around us.”

Indra Nooyi talking with US President Biden (then Vice President) in 2014

Smashing corporate America's glass ceiling

And it was this ability to realise a world in which business is both practiced and recognised as a force for good that has earned Nooyi a place in CEO history books and landed her numerous accolades, including 11 honorary degrees, the Hero of Conscious Capitalism award at 2017’s CEO Summit, consistent inclusion in the world’s 100 most powerful women (including #1 by Forbes in 2009/10) and most recently, induction into the National Women’s Hall of Fame.

Not bad for a girl from Chennai, India, who was expected to lead a conventional life as a wife and mother, but by her own admission was a bit of a “rebel”, with a passion for playing cricket and lead guitarist in a band. In the late 70s, she relocated to the US, earning herself a Master’s in management from Yale, and beginning a four decade-long strategy-focused career that was born at BCG in 1980 where she spent six years and ended in 2018 following 24 impactful years at PepsiCo.

And while she has now retired from corporate life, Nooyi continues to wield the influence that so positively changed the direction of one of the world’s largest companies. As well as serving on the board for ecommerce giant Amazon, she speaks at summits close to her heart, and has recently penned her memoir, advising corporates on better integrating work and family.

And while she has now retired from corporate life, Nooyi continues to wield the influence that so positively changed the direction of one of the world’s largest companies. As well as serving on the board for ecommerce giant Amazon, she speaks at summits close to her heart, and has recently penned her memoir, advising corporates on better integrating work and family. 

Indra Nooyi's memoir will be available from September 28, 2021, and can be pre-ordered. 

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