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22 May 2019, Edition - 1408, Wednesday

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Indira Nooyi to step down from PepsiCo

www.bfirst.in

New Delhi: Indira Nooyi will step down as chief executive of PepsiCo’s in October. Chennai-born Nooyi was the first woman chief executive of PepsiCo, second largest food and beverage company. She will be replaced by Ramon Lagarta, who has been unanimously elected by the PepsiCo’s Board of Directors.

Indira Nooyi is credited for the company’s accentuated growth where revenue grew by more than 80 per cent, reports The Times of India. She is largely credited for adapting to the changing tastes of consumers, who went from soda to healthy foods.

Tapping on this, Indira reworked the strategies and as a result, the firm launched baked potato chips – Lay’s and fresh fruit juices. She is an alumnus of Indian Institute of Management, Calcutta and Yale University. Being at the helm of food giant, Indira was an inspiration for millions of Indians.

She was regularly featured on Forbes and Fortune Magazines. She is married to Raj Nooyi in 1980 and they have two daughters Preetha Nooyi and Tara Nooyi.

SOURCE : http://www.bfirst.in/category/world/indira-nooyi-to-step-down-from-pepsico–506964

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