Washington | World’s leading beverage giant Pepsico on Monday announced the departure of Indira Nooyi as the Chief Executive Officer (CEO) after been holding the position from last years.
Nooyi will be replaced by Ramon Laguarta who is currently the President of the Board of Directors in Pepsico. In an issued statement, Indira Nooyi said, “Growing up in India, I never imagined I’d have the opportunity to lead such an extraordinary company. Guided by our philosophy of Performance with Purpose — delivering sustained performance while making more nutritious products, limiting our environmental footprint and lifting up all the communities we serve — we’ve made a more meaningful impact in people’s lives than I ever dreamed possible”.”PepsiCo today is in a strong position for continued growth with its brightest days still ahead,”she added.
Pepsico meanwhile clarified that the rest of PepsiCo’s senior leadership team will remain unchanged with the departure of Nooyi.
Ramon Laguarta, the successor of Nooyi currently looks after global operations, corporate strategy, public policy and government affairs. Earlier he served in leadership positions in the European and sub-Saharan Africa divisions of Pepsico.
As an independent media platform, we do not take advertisements from governments and corporate houses. It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. Please contribute, so that we can continue to do the same in future.
