Indira Nooyi Quits as Pepsi Co CEO

After serving for 12 years as the top boss, Indra Nooyi would step down as PepsiCo chief executive officer (CEO) on October 3. Nooyi has served at PepsiCo for 24 years. In 2006, Indian origin Nooyi became the first ever woman to be appointed as the CEO at PepsiCo.

"Growing up in India, I never imagined I’d have the opportunity to lead such an extraordinary company. Guided by our philosophy of Performance with Purpose — delivering sustained performance while making more nutritious products, limiting our environmental footprint and lifting up all the communities we serve — we’ve made a more meaningful impact in people’s lives than I ever dreamed possible," Indra Nooyi said in a statement. She also added, "PepsiCo today is in a strong position for continued growth with its brightest days still ahead."

President Ramon Laguarta has been elected by the board to replace Nooyi. Laguarta held the post of President since 2017. Nooyi will remain as the chairman till 2019.

According to the company statement, the rest of the PepsiCo's senior leadership team will remain unchanged with Nooyi's departure.