Prestige Holdings Ltd. announced that Joseph P Esau steps down as chairman of the board with effect from April 30 2012, and Christian E Mouttet will be chairman from that date. Both Mr. Esau and Mr. Mouttet have been directors of the company from Pepsico in 1997. Mr. Esau will continue as a member of the Board of Directors, and will serve as Chairman of the Corporate Governance and Nominations, and the Compensation and Human Resources Committees.