• Friday, April 26, 2024

Business

PepsiCo: Indra Nooyi stepping down as CEO

Indra Nooyi

By: Sarwar Alam

INDRA Nooyi, one of the most prominent female CEOs in the world, announced on Monday (6) that she will step down as head of PepsiCo following 12 years navigating the soft drinks and snacks company through a tricky climate of shifting consumer taste amid rising concerns about healthy living. Nooyi, 62, who was born in India, will be replaced as chief executive by president Ramon Laguarta on October 3, but will remain as chair of the board until early 2019 to oversee the transition. “Today is a day of mixed emotions for me,” Nooyi said on Twitter. PepsiCo “has been…

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