Big news is coming from Pepsico as the company has officially announced Indra Nooyi, its well reputed Chief Executive Officer (CEO) will step down on October 3 after 12 long years of leading the food and beverage giant.
President Ramon Laguarta will take over the CEO position from Nooyi and will also join the board, the company said in a statement. Nooyi will continue as chairman of the board until early 2019.
After 12 years as CEO, Indra K. Nooyi will step down Oct 3, 2018. Her leadership and vision propelled our performance, transformed our company and embedded sustainability into everything we do. Thank you, @IndraNooyi! https://t.co/gq2LwrwI0Q pic.twitter.com/uhEIeRaWfv
— PepsiCo (@PepsiCo) August 6, 2018
Nooyi went emotional on this occasion and tweeted:
Today is a day of mixed emotions for me. @PepsiCo has been my life for 24 years & part of my heart will always remain here. I'm proud of what we've done & excited for the future. I believe PepsiCo’s best days are yet to come. https://t.co/sSNfPgVK6W pic.twitter.com/170vIBHY5R
— Indra Nooyi (@IndraNooyi) August 6, 2018
In an interview earlier this year, she described how it feels to work as a CEO as compared to the other leadership positions.
“When you become CEO, overnight you are the person calling all the shots, you’re responsible for making sure you get all the information from the company, crystallize it down to, simple ideas, and then tell the organization what to do,” she said. “Day one, you have to be ready to take on the mantle of being CEO.”
Enough of the talk, now let us look at 5 facts about Indra Nooyi that will surely increase her respect in your mind.
1. She joined PepsiCo in 1994, and became chief executive in 2006.
2. She was awarded the Padma Bhushan by the Government of India in 2007.
3. Indra Nooyi was listed on Time Magazine’s “100 Most Influential People In The World” in both 2007 and 2008.
4. She used to work in the graveyard shift as a dorm receptionist to earn an extra 50 cents.
5. In 2017, Nooyi was ranked no. 2 on the US Fortune’s list of ‘The Most Powerful Women in the Business’ outside the US. She also stood on the top in the list of highest-paid female CEOs.
We wish her best of luck for her future career and hope that she will keep inspiring everyone with her strong willpower to achieve bigger goals in life.