Indra Krishnamurty Nooyi has decided to step down after serving as the Chief Executive of the PepsiCo for 12 years. Her exit from the company will not be immediate as she continues as the chairperson of the company till 2019 “to ensure smooth and seamless transition”.
Indra Nooyi (62) has been serving PepsiCo for 24 years and for 12 years she held up as the Chief Executive. She joined as the vice-president, strategic planning in 1994.
She shared her experiences with PepsiCo in her tweet.
Growing up in India, I never imagined I’d have the opportunity to lead an extraordinary company like @PepsiCo. Leading this company has been the honor of my lifetime. We’ve made more meaningful impact in people’s lives than I ever dreamed possible. https://t.co/sSNfPgVK6W
— Indra Nooyi (@IndraNooyi) August 6, 2018
Indra Nooyi’s incredible journey is an inspiration to many beginners. She was born in Madras, Tamil Nadu. She is the first foreign born CEO of Pepsi and first to woman to top the second largest food and beverage company. During the Nooyi’s reign the company’s revenue grow by more than 80 percent and added healthier drinks and snacks brand for almost every year.
Adding to her achievements, she has received India’s third highest civilian award ‘Padma Bhushan’ in 2007. Forbes magazine had ranked her World’s 100 most powerful woman.
She will step down as the CEO on October 3 and PepsiCo has elected Ramon Laguarta, 54 to succeed her. Ramon Laguarta, served PepsiCo for 22 years and currently he serves as the president, overseeing global operations, strategy, public policy and government affairs.
PepsiCo also took Twitter to thank Indra Nooyi for her leadership and vision.
After 12 years as CEO, Indra K. Nooyi will step down Oct 3, 2018. Her leadership and vision propelled our performance, transformed our company and embedded sustainability into everything we do. Thank you, @IndraNooyi! https://t.co/gq2LwrwI0Q pic.twitter.com/uhEIeRaWfv
— PepsiCo (@PepsiCo) August 6, 2018