PepsiCo's Indra Nooyi to step down as CEO: 5 facts you need to know
PepsiCo on Monday announced that its Chief Executive Officer (CEO) Indra Nooyi will step down on October 3 after 12 long years of leading the US food and beverage giant.
PepsiCo on Monday announced that its Chief Executive Officer (CEO) Indra Nooyi will step down on October 3 after 12 long years of leading the US food and beverage giant.
"After 12 years as CEO, Indra K. Nooyi will step down Oct 3, 2018. Her leadership and vision propelled our performance, transformed our company and embedded sustainability into everything we do. Thank you, @IndraNooyi!" the company tweeted.
President Ramon Laguarta was elected by the board of directors to succeed her. Laguarta was also elected to the board, the company said.
"I'm incredibly proud of all we've done over the past 12 years to advance the interests of our stakeholders in the communities we serve. What I admire about our global team is an incredible drive to compete to be the best, to remain the best," the Chennai-born executive said on Twitter.
"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," she tweeted.
Among the few executives to break the glass ceiling in corporate America, Nooyi had also scripted history by being among the few India-born females to lead a global giant when she took over the reins at PepsiCo.