Longtime PepsiCo CEO Indra Nooyi is stepping down

Longtime PepsiCo CEO Indra Nooyi is stepping down

I also want to thank Indra for her overwhelming support.

In an interview with the program earlier this year, Nooyi described how different it felt to become CEO compared with other leadership positions.

Indian-American Nooyi, 62, is one of only a few minority women in a top leadership position at a Fortune 100 company. The board of directors elected Ramon Laguarta, who has been with the company for 22 years, to succeed Nooyi as CEO.

In her climb to the top, she had a major hand in re-shaping PepsiCo - helping it to spin off its interest in Pizza Hut, KFC and Taco Bell while a top executive at the company. Prior to his promotion to president, a role in which he was responsible for global operations, corporate strategy, public policy and government affairs, he was CEO of PepsiCo's Europe Sub-Saharan Africa division.

Nooyi has stressed the importance of shifting Pepsi toward healthier food and snacks, saying it was important for the company's future because of consumers' increasing attention to health. Her run will end on October 3rd after 24 years with the company.

During her dozen years at the helm, Nooyi led PepsiCo's transition from a seller of sugary soft drinks and sodas and fatty foods to a greener more health and environment conscious company even at the risk of hurting its bottomline, although some critics saw her effort as inadequate. I believe PepsiCo's best days are yet to come, ' Nooyi tweeted early Monday morning.

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PepsiCo shares have risen 78% since she took the job in 2006.

She has also bolstered its portfolio of healthier offerings, which now account for almost half of its sales, compared with about 38 percent in 2006, better aligning its portfolio with evolving consumer tastes, according to Morningstar analyst Sonia Vora.

In a statement, Nooyi said: "Growing up in India, I never imagined I'd have the opportunity to lead such an extraordinary company".

Indra's association with PepsiCo began in 1994 when she joined the company as Senior Vice President, Strategic Planning.

During Nooyi's time leading the company, Pepsi shares rose about 80 percent, while rival Coca-Cola has more then doubled, as has the S&P 500. Products such as Sabra hummus and guacamole, Naked cold-press juices and Lipton Pure Leaf tea have bolstered results.

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