Indra Nooyi to step down as Pepsico CEO
Indra Nooyi, Pepsico's Indian-origin CEO, will step down after 12 years leading the US food and beverage giant, the company announced today.
Nooyi, 62, will step down on October 3 after 24 years with the company. She will remain as chairman until early 2019.
"Growing up in India, I never imagined I'd have the opportunity to lead such an extraordinary company," Nooyi said in a statement.
Guided by our philosophy of Performance with Purpose — delivering sustained performance while making more nutritious products, limiting our environmental footprint and lifting up all the communities we serve — we've made a more meaningful impact in people's lives than I ever dreamed possible," she said.
Today is a day of mixed emotions for me. @PepsiCo has been my life for 24 years & part of my heart will always remain here. I'm proud of what we've done & excited for the future. I believe PepsiCo’s best days are yet to come. https://t.co/sSNfPgVK6W pic.twitter.com/170vIBHY5R— Indra Nooyi (@IndraNooyi) August 6, 2018
"PepsiCo today is in a strong position for continued growth with its brightest days still ahead," she added.
Laguarta, a 22-year veteran of the company, has been president since September, overseeing global operations, corporate strategy, public policy and government affairs. Prior to that, Laguarta served in leadership positions in the European and sub-Saharan Africa divisions.
PepsiCo's premarket stock price declined slightly after the announcement, CNBC reported.
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