NRI Pulse
Business

PepsiCo's Indra Nooyi to step down as CEO in October

Purchase (US)/Mumbai, Aug 6 (IANS) 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.”

Related posts

WhatsApp appoints Ezetap Co-founder Abhijit Bose as India head

Veena

CompareRemit.com announces updated website equipped with new money sending corridors to India, Philippines and Mexico

Veena

Ways to travel hassle-free during demonetization

Veena

Leave a Comment