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Sweet farewell: Nooyi to step down after 12 years as Pepsi boss
Long-serving PepsiCo boss Indra Nooyi will step down in October after 12 years in the post.
Sales have grown 80 per cent under her leadership, making Pepsi one of the most lucrative food and beverage companies in the world.
Nooyi, who promoted Pepsi’s campaign to reduce sugar content in its drinks, is one of the small number of women to have led a Fortune 500 firm.
Pepsi’s current global operations chief Ramon Laguarta will be Nooyi’s successor, having served as president of Pepsi since September 2017, specialising in global operations and government affairs.
“Growing up in India, I never imagined I’d have the opportunity to lead such an extraordinary company,” Nooyi said yesterday.