Nooyi leaves Pepsi wondering what might have been

07 August, 2018, 01:26 | Author: Mary Valdez
  • Indra Nooyi

Nooyi implemented a strategy of acquiring and developing more healthful products and beverages, with somewhat mixed results, and fended off pressure to break up the company from activist investor Nelson Peltz, of Trian Fund Management. Brands, as well as the acquisition of Tropicana and merger with Quaker Oats.

In a series of posts on Twitter, the businesswoman referred to her upbringing in India and said she "never imagined" she'd have the opportunity to lead a company like PepsiCo.

She grew up in Chennai, India.

Under her leadership, Pepsico net revenues rose from $35 billion in 2006 to $63.5 billion in 2017. Just more than a year ago, there were 32 women leading Fortune 500 companies. She also topped the list of highest-paid female CEOs.

Since September, he has been serving as president, overseeing global operations, public policy, corporate strategy and government affairs. Laguarta is also an immigrant, having been born in Spain.

Laguarta has worked with PepsiCo for 22 years and served as the chief executive officer of the Europe Sub-Saharan Africa division.

Nooyi took over as CEO in October 2006.

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She will be succeeded by PepsiCo President Ramon Laguarta. She was also elected to the Fellowship of the American Academy of Arts and Sciences.

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

Nooyi is a rare minority female CEO in the business world.

Shares are up in early trade, at around 1.25%. He takes over as the beverage maker navigates a shrinking global soda market and growing snacks business, while spending more to stay competitive against rival Coca-Cola Co and nascent players eating into market share.

PepsiCo said it has not yet entered into any compensation arrangements with Nooyi or Laguarta with respect to changes in their job roles. It turned out to be the right call, according to Neil Saunders, a managing director of GlobalData. During her 12 year tenure alone, teh company recorded a growth of a whopping 80%.

During an era when a businessman occupies the White House and corporate leaders including Mark Cuban and Howard Schultz are mentioned as potential presidential candidates, Nooyi said she doesn't see a future for herself in politics.

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