INSUBCONTINENT EXCLUSIVE:
Global beverage major PepsiCo on Monday announced that its CEO Indra K Nooyi will step down
lifetime, and I'm incredibly proud of all we have done over the past 12 years to advance the interests not only of shareholders, but all our
stakeholders in the communities we serve," said Ms Nooyi."Growing up in India, I never imagined I'd have the opportunity to lead such an
Ramon Laguarta is exactly the right person to build on our success
He is a terrific executive with a long and proven track record of growing businesses."Commenting on his appointment, Mr Laguarta said, "I'm
incredibly humbled and privileged to be appointed the next CEO of PepsiCo, and I want to thank the Board of Directors for the confidence
they have placed in me with their decision
I also want to thank Indra for her overwhelming support
She has transformed the company with her bold vision and outstanding leadership, and I feel fortunate to have her as a mentor and a
management roles in his 22 years at PepsiCo
Since September 2017, he has served as president of PepsiCo, overseeing global operations, corporate strategy, public policy and government
Previously, Laguarta served as chief executive officer, Europe Sub-Saharan Africa.With Nooyi's departure, the rest of PepsiCo's senior
leadership team will remain unchanged.
