Indra Nooyi Resigns From Chief Executive Officer Post Of Pepsico After 12 Years

Indra Nooyi is one of the popular names in the business world and a prominent female who made it to the Forbes' list of the 100 most powerful women, ranking 11th in 2017. She was the Chief Executive Officer of Pepsico.

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The company's shares have taken a huge jump of 78% since she took the job in 2006. The lady has a long bond with the company for about 24 years. And now, after being with the company for more than two decades and serving for her CEO post for 12 years, she is all set to step down from her post.

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Indra Nooyi in her series of tweets on Twitter referred to her upbringing in India and said she "never imagined" she'd have the opportunity to lead a company like PepsiCo. Nooyi also said that she is having mixed emotions about quitting her post.

A PepsiCo statement read, "She has delivered a strong and consistent financial performance, managing with an eye toward, not only the short-run, but the long-run as well. As CEO, she grew revenue more than 80%, outperforming our peers and adding a new billion-dollar brand almost every other year."

The board of directors of the company unanimously voted for 54-year-old Mr Laguarta, who will take over Indra Nooyi's post on 3rd October and will also join the board, according to the company.

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A 22-year veteran of PepsiCo, Mr Laguarta oversaw global operations, corporate strategy, public policy and government affairs in his role as president.

Nooyi tweeted about the same and said:

Nooyi will continue to be the chairman of the board until early 2019.

When Nooyi got the position of CEO in 2006, she was one of fewer than a dozen women at the top of America's 500 largest public companies.

She told BBC in the year 2011, "You're now a role model. Everybody's watching you and these jobs are very hard, so one has to be very careful that you take it all in stride."

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She further said, "Don't let the privilege and the trappings... go to your head. Keep your legs firmly rooted to the ground and focus on the responsibility of these jobs and that's all I do."




by Admin | Wed, Aug 08 - 01:10 PM

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