PepsiCo CEO Indra Nooyi Steps Down After 12 Years
The largest beverage corporation PepsiCo Inc has announced that its long-term chief executive officer Indra Nooyi will step down after 12 years of leading the food and beverage giant. Nooyi has been with PepsiCo for 24 years and now will continue as chairman of the board until early 2019.
After her resignation, President Ramon Laguarta will be joining in as her replacement. Laguarta will take over from Nooyi on 3rd Oct 2018 and will also join the board.
“I’ve had a wonderful time being CEO, but at some point you sit back and say, look, it’s a responsible move to effect an orderly transition and to have somebody else take over the leadership of this company. Being a CEO requires strong legs and I feel like I ran two legs of a relay race and I want somebody else with nice strong legs and...