Indra Nooyi to Step Down as PepsiCo CEO After 12 Years, Ramon Laguarta to Replace Her
PepsiCo CEO Indra Nooyi will step down as the CEO of the global beverage giant | File Image | (Photo Credits: PTI)

Mumbai, August 6: PepsiCo CEO Indra Nooyi will step down as the CEO of the global beverage giant. Nooyi, one of the more celebrated and respected business leaders across the globe, will be stepping down after 12 years. Indra Nooyi was also the first woman CEO in the history of PepsiCo.

According to media reports, the 62-year-old Nooyi, will leave the CEO's post on October 3. Nooyi will be replaced by Ramon Laguarta, who is the president of PepsiCo. Ramon, who will be the new CEO, was promoted to the president's post last year, after 22 years of being in the food and beverage company. But Nooyi will continue to be the chairman of the company till early next year, said media reports.

Nooyi, in her statement, said that “Leading PepsiCo has truly been the honor 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.”

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

Nooyi, during her stint at the top for more than a decade, is credited with taking PepsiCo in uncharted territory and venturing into products like hummus, Kombucha. Nooyi, in her statement, added that "PepsiCo today is in a strong position for continued growth with its brightest days still ahead."