PEPSI CEO ANNOUNCES SHE IS STEPPING DOWN THIS FALL
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PepsiCo CEO and chairman Indra Nooyi is stepping down after 12 years in the position, the beverage maker announced Monday.
PepsiCo CEO, one of the only minority women to lead a Fortune 100 company, announces she's stepping down this fall
Indra Nooyi, 62, will step down as PepsiCo CEO and Chairman on October 3
Indian-American Nooyi is only one of a handful of minority women at the helm of a Fortune 100 company
She has been in the position for 12 years and worked in the company for 24 years
Nooyi is credited with increasing PepsiCo's healthier beverage and food options
She also promoted corporate environmental sustainability and responsibility
She will hand over the reins to Ramon Laguarta, a PepsiCo veteran
PepsiCo CEO and chairman Indra Nooyi is stepping down after 12 years in the position, the beverage maker announced Monday.
Indian-American Nooyi, 62, is one of only a few minority women in a top leadership position at a Fortune 100 company.
'Today is a day of mixed emotions for me. @PepsiCo has been my life for 24 years & part of my heart will always remain here. I'm proud of what we've done & excited for the future. I believe PepsiCo's best days are yet to come,' Nooyi tweeted early Monday morning.
She will step down as PepsiCo's longtime chief executive officer on October 3, handing over the reins to company veteran Ramon Laguarta at a time the beverage maker navigates a shrinking global soda market.
Nooyi will continue holding her chairman position through early 2019 to 'ensure a smooth and seamless transition,' the company said in a statement.
Under Nooyi's 12-year tenure as CEO, she boosted sales of the Mountain Dew and Gatorade maker to $63.5billion, up 80 per cent from when she started. The company's share price has risen 78 per cent in the same period.
She is also largely credited with re-shaping Pepsi with tactical mergers, such as acquiring Quaker Oats — and its sports drink Gatorade brand — and shifting attention to healthier drinks, such as juices and teas, over sugary sodas.
In a statement, Ian Cook, presiding director of PepsiCo's Board of Directors, lauded Nooyi for 'leading the way on corporate sustainability and responsibility, and embedding a sense of purpose in everything the company does.'
https:// www.dailymail.co.uk/news/article-6031179/PepsiCo-CEO-Nooyi-step-Ramon-Laguarta-succeed.html