Pepsi's Indra Nooyi will step down after 12 years as CEO
Advertisement

Pepsi's Indra Nooyi will step down after 12 years as CEO

By Reuters

  • 06 Aug 2018
 Pepsi's Indra Nooyi will step down after 12 years as CEO
Indra Nooyi | Credit: Reuters

PepsiCo Inc said on Monday Indra Nooyi would step down as chief executive officer after 12 years at the helm and named President Ramon Laguarta as her replacement.

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.

Advertisement

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.

Advertisement

Like this report? Sign up for our daily newsletter to get our top reports.

Share article on

Advertisement
Advertisement