President Ramon Laguarta was elected by the board of directors to succeed her
Indra Nooyi. Pic/PTI
Indra Nooyi, Pepsico's Indian-origin CEO, will step down after 12 years leading the US food and beverage giant, the company announced yesterday. Nooyi, 62, will step down on October 3 after 24 years with the company. She will remain as chairman until early 2019.
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President Ramon Laguarta was elected by the board of directors to succeed her. Laguarta was also elected to the board. "Growing up in India, I never imagined I'd have the opportunity to lead such an extraordinary company," Nooyi said in a statement.
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