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PepsiCo CEO Indra Nooyi to Step Down as CEO!

Born in Chennai, Indra was the CEO for 12 years!

Indra Nooyi is all set to step down as CEO and chairman of the beverage behemoth PepsiCo on October 3, after a 12-year stint. She will be succeeded by PepsiCo president Ramon Laguarta who will take over from her. Nooyi has spent 24 years with the organisation and will remain the Chairman of the company till early 2019.

She took to Twitter to say her good-byes, and make the announcement. “Leading PepsiCo has truly been the honour of my lifetime, and I’m incredibly proud of all we have done over the past 12 years to advance the interests not only of shareholders, but all our stakeholders in the communities we serve,” she said.

She also spoke of how having grown up in India, she had never imagined that she would one day run a huge company like PepsiCo. Here’s what she wrote:

“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. I’m incredibly proud of all we’ve done over the past 12 years to advance the interests of our stakeholders in the communities we serve. What I admire about our global team is an incredible drive to compete – to be the best, to remain the best. Which is why I am confident, as I step down from my role as CEO on Oct 3, that PepsiCo is moving in the right direction. I’m confident in our leadership, and most of all, I’m confident in our team to continue to focus on our Performance with Purpose. Ramon Laguarta is exactly the right person to help build on PepsiCo’s strong position and success. He has been a critical partner and friend and I am positive that he will take PepsiCo to new and greater heights in the years to come.”

 

Indra was born in Chennai and did her UG at Madras Christian College. She went on to receive a Post Graduate degree from IIM Calcutta and then earned a master’s degree in Public and Private Management at the Yale School of Management. Nooyi joined PepsiCo in 1994 and was named CFO in 2001. She was named President and CEO in 2006, replacing Steven Reinemund.

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