Aug 6, 2018

Indra Nooyi to step down as PepsiCo chief executive

PepsiCo chief executive Indra Nooyi is to step down after 12 years at the helm. PepsiCo shares have risen 78% since she took the job in 2006. In a series of posts on Twitter, the businesswoman referred to her upbringing in India and said she "Never imagined" she'd have the opportunity to lead a company like PepsiCo. PepsiCo's board of directors unanimously voted in 54-year-old Mr Laguarta, who will take over on 3 October and will also join the board, the company said in a statement. A 22-year veteran of PepsiCo, Mr Laguarta oversaw global operations, corporate strategy, public policy and government affairs in his role as president.

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