PepsiCo's Indra Nooyi to step down as CEO in October
Purchase (US)/Mumbai
06-August-2018
Indian origin business executive Indra K. Nooyi will step down as the Chief Executive of global food and beverages major PepsiCo, Inc. in October, the company said on Monday.
According to the US-based multinational, its Board of Directors has unanimously elected Ramon Laguarta, 54, to succeed Nooyi, 62, as Chief Executive Officer.
However, Nooyi will remain the Chairman of the company until early 2019.
"Nooyi will step down on October 3rd after 24 years with the company, the last 12 as CEO," the company said in a statement.
"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."- IANS
More Headlines
BJP Loses Veteran Malikayya Guttedar to Congress Ahead of Lok Sabha Elections
ED Attaches Rs 97.79 Crore Worth of Properties Belonging to Raj Kundra Under PMLA
ISRO's Former Director Cites Probability Theory in Support of Possible Alien Existence
Gaming Startup LightFury Raises $8.5 Million to Develop AAA Titles in India and UK
Wow! Momo Raises Rs 70 Crore, Following Rs 350 Crore Investment to Extend Growth
BJP Loses Veteran Malikayya Guttedar to Congress Ahead of Lok Sabha Elections
ED Attaches Rs 97.79 Crore Worth of Properties Belonging to Raj Kundra Under PMLA
ISRO's Former Director Cites Probability Theory in Support of Possible Alien Existence
Gaming Startup LightFury Raises $8.5 Million to Develop AAA Titles in India and UK
Wow! Momo Raises Rs 70 Crore, Following Rs 350 Crore Investment to Extend Growth