Pepsi CEO, Indra Nooyi, steps down after 12 years

PepsiCo Inc said on Monday Indra Nooyi would step down as chief executive officer after 12 years at the helm and named President Ramon Laguarta as her replacement.

Taking to social media, Nooyi shared some emotional posts with the people elaborating her time with the company and stated how she never imagined leading the company.

Nooyi will stay on as Pepsico chairman until early 2019, the company said, in order to ensure a smooth transition to her successor, Pepsico president Ramon Laguarta, reports Forbes.

PepsiCo CEO and chairman Indra Nooyi is stepping down after 12 years in the position, the beverage maker announced Monday. According to PepsiCo's Presiding Director Ian Cook, PepsiCo shareholders have benefited during Nooyi's tenure.

"Ramon Laguarta's unanimous appointment follows a systematic and thorough succession process by the Board of Directors".

Indra Nooyi to step down as PepsiCo CEO
PepsiCo boss Indra Nooyi to step down in October; will pass the baton to Ramon Laguarta

While many congratulated Nooyi on successfully leading the company for several years, others expressed sorrow over the decision. He is a terrific executive with a long and proven track record of growing businesses.

"Today is a day of mixed emotions for me".

"With a deep understanding of PepsiCo's global operations, and a broader understanding of the total company portfolio in his role as president, we believe that Laguarta is well-placed to continue executing on PepsiCo's current strategy", analysts at Cowen & Co said.

Mr Laguarta has held a number of executive and general management roles in his 22 years at PepsiCo. He became president of PepsiCo past year, overseeing its global operations, strategy, public policy and government affairs. Prior to that, Laguarta served in leadership positions in the European and sub-Saharan Africa divisions.

PepsiCo has delivered strong results under Nooyi's leadership.

(Copyright © 2015. All Rights Reserved.)
 
Recommended

Sam Allardyce has his say on Rafa Benitez's stand-off with Mike Ashley
Meanwhile a £9.5mn deal for Mainz's Japan forward Yoshinori Muto was formalised yesterday. While the vast majority are sympathetic with Benitez, one man who is not is Richard Keys.

At least 20 dead in strikes on Yemen's Hodeida
Lise Grande, UN humanitarian coordinator for Yemen, earlier said hundreds of thousands of people depend on Al-Thawra. Saudi Arabia has led a coalition of Arab countries to fight Houthis in Yemen since March 2015.

"Foden will play for City for a long time", insists Guardiola
Chelsea have signed just one player this summer who is likely to be directly involved in the first-team - that's Jorginho . When Chelsea did threaten City's goal it often owed much to winger Callum Hudson-Odoi creating danger on the left flank.

Scientists Pick Up First Mysterious Radio Signal From Deep Space
A quick burst, was now - it was called FRB 180725A especially unique, as was discovered on a fairly low purity of 580 MHz. No FRB has ever been detected below a frequency of 700 Mhz before, according to the telegram.

Trump admits son met with Russian to get information on opponent
In an angry tweet yesterday morning, however, he attacked the "Fake News" media reports that he was concerned about his son's role.

Tiger Woods barely keeps pace at Firestone
Louis next week for the PGA Championship, where he will try to join Woods as the only players to win back-to-back in stroke play. In fact, six of the prior 10 winners of the event were in the top-12 in distance and top-10 in greens in regulation.

‘Facts of Life’ star Charlotte Rae dies at 92
The star leaves behind her two sons Larry and Andrew Strauss. "No, no, no! If people had a positive experience with Mrs. She earned an Emmy nomination for the part, and she was a two-time Tony nominee for her work on Broadway.

Gallery: NASA Announces astronauts who will fly first Commercial Crew missions
He is a Navy commander, aviator and test pilot with nearly 3,000 hours flying more than 40 different aircraft. Michael Hopkins was born in Lebanon, Missouri, and grew up on a farm near Richland, Missouri.

Test Series: Curran backed to emulate England talisman Stokes
England needed something special, Joe Root turned to Stokes and, ever the man for the big occasion, the all-rounder delivered. India got off to a poor start as Dinesh Karthik (20) fell on the sixth ball of the day, caught at second slip off Anderson .

Bookkeeper: Ex-Trump campaign chairman 'approved every penny' of bills
Bookkeepers and accountants are expected to testify in the third day of trial for former Trump campaign chairman Paul Manafort . This courtroom sketch depicts Paul Manafort , fourth from right, standing with his lawyers in front of US district Judge T.S.

Turns Out Former Browns QB Johnny Manziel Sucks in Canada Too
His first interception came on Montreal's second offensive play, a ball thrown into coverage in the middle of the field. The first was on that Sutton tip, but the second was on a third-down gamble and Manziel clearly got greedy on that one.

Blues receive major Spurs boost in Wilfried Zaha race
Palace have since offered Zaha a new deal worth £125,000-a-week - although he only signed one for £100,000-a-week 15 months ago. Tottenham were interested in signing Zaha this window, but have made a decision to pursue Aston Villa's Jack Grealish instead.

Article image South Sudan foes sign final power-sharing deal
There have been series of talks between these rival factions hosted by Ethiopia, Sudan and Uganda. The South Sudanese President also said that he was "going to sign", the agreement.

Everton still in contact over deal to sign Barcelona's Yerry Mina
Toby Alderweireld had an fantastic World Cup where he played a key role in helping Belgium finish third. It's reported that Mina's agent was unwilling to lower the fees United were due to pay him and Mina.

John Kasich: GOP Candidate Said He Didn't Invite Trump To Ohio Rally
In calling three prominent African-Americans all but stupid, Trump once again left himself open to accusations of racism. He blasted the media as "fake news" and said journalists "were bad people".


More News

News
More News