Pepsico's CEO Indra Nooyi to step down on October 3
Pepsico's CEO Indra Nooyi to step down on October 3: US media.
Laguarta will take over from Nooyi on Oct. 3 and will also join the board, the company said in a statement.
Nooyi, 62, who has been with the company for 24 years, will continue as chairman of the board until early 2019.
Laguarta, a 22-year veteran of PepsiCo, oversaw global operations, corporate strategy, public policy and government affairs in his role as president.
He also served as CEO of the company's Europe Sub-Saharan Africa division before becoming president.
The company's shares have gained 78 percent since Nooyi took the top job in 2006.
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