Indra Nooyi to step down as PepsiCo CEO after 12 years

NEW DELHI: Long-serving PepsiCo chief executive officer (CEO) Indra Nooyi is going to step down from her position, the company said on Monday.

Indian-origin Nooyi has been at the helm of the New York-based company for 12 years.

PepsiCo President Ramon Laguarta will replace Nooyi, the company said in a statement.
"Board of Directors has unanimously elected Ramon Laguarta, 54, to succeed Indra K. Nooyi, 62, as Chief Executive Officer," the statement said.
"Nooyi will step down on October 3rd after 24 years with the company, the last 12 as CEO. She will remain Chairman until early 2019 to ensure a smooth and seamless transition. Laguarta was also elected to the company's Board of Directors, effective October 3rd," the statement also said.

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from Times of India https://ift.tt/2vBPW6a