Home Business NewsBusiness Pepsi CEO is stepping down after 12 years

Pepsi CEO is stepping down after 12 years

by Purvai Dua
6th Aug 18 12:03 pm

PepsiCo has announced that CEO Indra Nooyi would be stepping down after 12 years. Nooyi, who has been with the group for close to 24 years, is a leading face in the elite club of female CEOs.

Nooyi would be succeeded by President Ramon Laguarta from October 3, the company said in a statement, adding: Nooyi will continue as chairman of the board until early 2019.

Here is what she wrote on Twitter:

Laguarta, a 22-year veteran of PepsiCo, oversaw global operations, corporate strategy, public policy and government affairs in his role as president. Nooyi praised her successor, calling him “exactly the right person to build on our success.”

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