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PAI Hires Former PepsiCo’s Europe Head Bouaziz as Partner

Charles Bouaziz, a former PepsiCo Inc. executive, will join PAI Partners to lead the private-equity firm’s investments in the consumer goods industry.

Bouaziz, 49, the head of the soft-drink maker’s Western European operations until 2010, will be a partner of the firm, PAI said in a statement. He will supervise a team dedicated to improving the operations of portfolio companies, the French firm, which manages a 2.7 billion-euro ($3.7 billion) fund, said.

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