The twelve years long successful journey of Indra Nooyi as the chief executive officer of PepsiCo is going to end on October 3rd, which will be taken over by the company’s president Ramon Laguarta. She although remains as the member of the board until next year. It has been 24 years since Nooyi joined the family of PepsiCo and having a significant role in the transition of the organization as one of the most popular food and beverage companies in the world.
Born in India, she is one of the top 25 women leading the Fortune 500 companies of the world. She has been in her position for the last 12 years, and it is during this period the company has witnessed an 80% increase in their sales. Before her CEO role, she helped the company in its expansion process through prudent acquisition, including the purchase of Quaker Oats company in 2001. According to the company fillings, she earned almost USD 31 million in last and USD 87 million over the last three years.
Sixty-two-year-old Nooyi was born in a middle-class family in India and has a sister. She had the degree in management from IIM Calcutta and Yale University. Her tenure as the CEO of PepsiCo for 12 long years is the relatively long compared to general standards of people working in the same role in other companies, which is only five years. It is due to her persistence PepsiCo has a combined snacks business that can ease the pressure of declining demand for soda with a balanced products portfolio.
The successor of Indra Nooyi, Ramon Laguarta, is an immigrant from Spain, serving the company as a president since September 2017. He is responsible for the company’s global operations, corporate strategy, public policy and government affairs.
Indra Nooyi stated through her Twitter page that it was an honor to lead PepsiCo, which made an impact in the lives of several people. Ramon Laguarta, stated by her, is the correct person to help PepsiCo in its strong business and success, and also can take the company to better heights in the years to follow.