Indra Nooyi to step down as PepsiCo CEO after 12-year reign

PepsiCo CEO Indra Nooyi will step down after 12 years of leading the food and beverage giant.Nooyi, 62, will leave the CEO role on October 3. Ramon Laguarta, a 22-year PepsiCo veteran who was promoted to president last year, will take over as the CEO, the company said. Nooyi was the first female CEO in the company’s history.“Leading PepsiCo has truly been the honor of my lifetime, and I’m incredibly proud of all we have done over the past 12 years to advance the interests not only of shareholders, but all our stakeholders in the communities we serve,” Nooyi said in a statement.Nooyi steered PepsiCo a dozen years through the changing landscape. She pushed PepsiCo far beyond its cola roots, expanding into hummus, kombucha and other healthier products with mixed results.

from The Economic Times https://ift.tt/2M70h4j