Sector News

Pepsico chief executive Indra Nooyi to step down after 12 years in top job

August 6, 2018
Food & Drink

Indra Nooyi, the chief executive of Pepsico, will step down in October, the company announced on Monday, after holding the top job for 12 years.

Nooyi, who was the firm’s fifth chief executive in the group’s 41-year history, will be succeeded by PepsiCo executive Ramon Laguarta.

The 64-year-old Nooyi has been with Pepsico for 24 years, and is a leading figure in an elite group of high-profile female CEOs. She will remain as chairman until early next year.

The 54-year-old Laguarta has held various positions in his 22 years at Pepsico, which is based in Purchase, New York.

He currently serves as president, overseeing global operations, corporate strategy, public policy and government affairs. He previously served as chief executive of the Europe Sub-Saharan Africa region.

Nooyi, who is said to get up at 4am, was born in Madras, now Chennai,and left India at the age of 23 to study at Yale, where she earned her master’s degree in public and private management. She went on to work for Boston Consulting and later Motorola, where she became director of corporate strategy and planning. She joined Pepsico in 1994.

Often choosing to wear the traditional sari at corporate events, Ms Nooyi is proud of her Indian background, once saying: “Although I’m a daughter of India, I’m an American businesswoman.”

She attributes her success to a tough upbringing by her parents and grandfather, who insisted that she always come in the top three in her class at school.

Source: The Guardian

comments closed

Related News

May 21, 2022

Cécile Béliot becomes Bel Group CEO

Food & Drink

Cécile Béliot has assumed the role of Bel Group chief executive officer, following the decision to separate the roles of chairman and CEO. The separation of the functions will enable Bel Group to develop in three areas of healthy snacking. Meanwhile, the company’s former CEO, Antoine Fiévet, has had his mandate renewed as chairman of the board.

May 21, 2022

“Corporate greed and dereliction of duty”: FDA commissioner slammed over infant formula shortage

Food & Drink

US Food and Drug Administration (FDA) Commissioner Dr. Robert Califf was grilled by lawmakers during a House Appropriations subcommittee hearing, where he was slammed over the agency’s handling of the escalating infant formula shortage.

May 21, 2022

Sweegen hails antioxidants and bitter blocking tech a turning point for sugar reduction and healthy aging

Food & Drink

Sweegen is ramping up its efforts to reduce sugar across F&B applications while simultaneously tapping into the benefits of using antioxidants and bitter blocking technology. Speaking to FoodIngredientsFirst, Casey McCormick, vice president of global innovation at Sweegen, says product developers can find a broad range of solutions in Sweegen’s nature-based sweetener systems as brands elevate better-for-you foods.