pepsico ceo indra nooyi is stepping down after 12 years, the enterprise announced on monday.
she will be able to get replaced by way of the employer’s president, ramon laguarta, in step with a assertion . he might be the beverage maker’s sixth ceo.
nooyi become the first woman ceo within the company’s records, and her go out ticks decrease the quantity of women strolling fortune 500 businesses. at the peak in 2017, 32 fortune 500 agencies — simply over 6% — had been run through ladies, the mag said.
nooyi’s run will cease october three after 24 years with pepsi, and she or he’ll continue to be chair of the board through early 2019, the organisation said.
“leading pepsico has virtually been the respect of my lifetime, and i’m particularly pleased with all we've got carried out over the past 12 years to boost the pursuits now not only of shareholders, but all our stakeholders in the communities we serve,” nooyi stated in a assertion.
earlier than joining pepsi , laguarta labored at chupa chups, a spanish confectionary maker.
he’ll be taking over as ceo at a time whilst sales of pepsi’s signature beverage are slumping in north the us and the business enterprise focuses on more healthy beverages .
in past due 2016, pepsico driven into the bottled-water market by way of launching lifewtr, kicking off the debut of the top rate logo with a industrial on the 2017 awesome bowl. and in february, the organisation introduced plans to release a glowing drink known as bubly , taking on lacroix.
as leader monetary officer, nooyi led pepsico via a restructuring that covered the divesture of its eating places into yum manufacturers and a merger with quaker oats.