Indra Nooyi exiting PepsiCo |
With Indra Nooyi exiting PepsiCo as its longtime chief executive, the circle of CEOs in the Fortune 500 is losing one of its highest profile women. She said this is a day of mixed emotions for me. This company has been my life for nearly a quarter century and part of my heart will always remain here. I am proud of all we`ve done to position PepsiCo for success. PepsiCo`s best days are still ahead of it. Nooyi, who was born in India, is a rarity on Wall Street as a woman and a minority leading a Fortune 500 company. She oversaw PepsiCo during a turbulent time in the industry that has forced food giants including Coca-Cola Co., Campbell Soup Co. and Oreo maker Mondelez International Inc. to adapt to changing tastes. All those companies changed CEOs in roughly the last year. At PepsiCo Inc., Nooyi stressed the company`s move toward “good for you” options that people don`t feel as guilty eating, such as Baked Lay`s potato chips and Naked juices made of fruits and vegetables. The company has not abandoned sugary sodas or more indulgent snacks. Nooyi, 62, has been with PepsiCo Inc. for 24 years and held the top job for 12. Another PepsiCo veteran, Ramon Laguarta, will take over as chief executive in October, the company said. Nooyi will remain as chairwoman until early next year. Nooyi will remain the chairman of the company until early 2019.
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