Indira Nooyi Steps Down As The Chairman Of PepsiCo

According to an update by the F&B News, PepsiCo has chosen Ramon Laguarta as chairman of the board once Indira Nooyi’s term gets completed. Nooyi had announced her exit from the company in August 2018. Post October 2018 she has been the chairman and will continue on till February 2019 for a smooth transition. Laguarta became the CEO of PepsiCo last October and is now the sixth chairman of the beverage company.

New CEO For PepsiCo

“I am honoured to take on this important post and want to thank the board for the confidence they have placed in me,” said Laguarta to the media. He adds, “I also want to thank Nooyi for her outstanding leadership and tireless work on behalf of PepsiCo. I look forward to building on the strong legacy she and our previous leaders have created, and to working with our very talented global team to position PepsiCo for our next phase of growth.”

“We are pleased to appoint Laguarta as our company’s chairman. He is an outstanding leader with a compelling vision for PepsiCo and a keen understanding of the evolving needs of consumers around the world. His vast PepsiCo knowledge, combined with his innovative thinking and proven executional excellence, make him the ideal steward to take on this most important role and lead our company into the future,” said Ian Cook, the presiding director of PepsiCo.

Nooyi Steps Out

He also added that, “On behalf of the board and the entire PepsiCo family, I want to sincerely thank Nooyi for her leadership and commitment over the last 24 years, for paving the way for future leaders to do well by doing good, and for making PepsiCo one of the world’s most ethical and admired companies. She proved that it is possible to deliver extraordinary and consistent financial performance while making a difference in the world around us, and leaves a lasting legacy.”

Feature Image: Wave Magazine Online

In-article Image: Business Today