Indra Nooyi, the female CEO of PepsiCo, will be stepping down on October 3 after 12 years of superior leadership.
Indra Nooyi joined PepsiCo in 1994 as head of the strategy and became the company’s CEO in 2006. She was included in the top 25 female CEO of Fortunate 500 and consistently appeared in Forbes 100 most powerful woman. She’s been with the company for almost 24 years.
Ramon Laguarta, the current president, will take over the position of Noori and will be the sixth CEO of the company. According to Laguarta, he is very lucky to have Noori to be his mentor and friend because of her fearless vision and her excellent leadership.
Nooyi said that she’s vacating her position at her young age to seek other opportunities. The 62-year-old CEO thanked her staff and said that she’s not expecting to be the CEO of an enormous company. She also said that she’s very proud and honored leading the big company PepsiCo.
PepsiCo’s revenue grew up to 80% since Nooyi became the CEO, surpassing the company’s peers and adding a billion-dollar brand every year.
Nooyi will stay as chairman of PepsiCo in 2019.