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Pepsi CEO Indra Nooyi to Step Down

August 06, 2018 / VOA News

PepsiCo chief executive Indra Nooyi, one of the most prominent female CEOs in the world, announced Monday she will step down after leading the giant soft drink company for 12 years. Nooyi, 62, has worked at PepsiCo for 24 years. In a tweet, she expressed "mixed emotions" about leaving her position and said she "never imaged" she'd have the opportunity to lead "such an extraordinary company." PepsiCo's current president, Ramon Laguarta, will take over as CEO in October. Nooyi will remain as chairman of the board until early next year. Nooyi, who was born in India, is a rarity on Wall Street a woman and a minority leading a Fortune 500 company. Among the 500 companies in the S&P 500, only 25  5 percent — are led by women. Nooyi's departure leaves only one woman of color among the Fortune 500 CEOs.