Indra Nooyi elected Pepsico Chairperson
Indian-American corporate honcho Indra Nooyi has been elected Chairwoman of PepsiCo.Updated: Feb 06, 2007 15:47 IST
Indian-American corporate honcho Indra Nooyi, known as one of the most powerful woman in the US, has been elected as the Chairwoman of the PepsiCo, the board of directors of the company announced on Monday.
Nooyi, 51, is currently Chief Executive Officer of the more than $32 billion global convenient food and beverage company, a role she assumed on October 1, 2006.
PepsiCo board of directors said that it has elected as chairwoman its chief executive Indra K Nooyi, as Chairman of the Board, effective when Executive Chairman Steven S Reinemund, 58, retires on May 2, as he announced last August.
"I'm incredibly honoured by the board's confidence, and extraordinarily fortunate to follow in the footsteps of Steve Reinemund and all my illustrious predecessors," said Nooyi.
"PepsiCo is on a sound strategic course with solid momentum thanks to Steve's leadership, and along with every PepsiCo associate, I'm looking forward to building on the lasting legacy created by him, Roger, Wayne, Don and Herman," she said.
Nooyi becomes the fifth Chairman and Chief Executive Officer in PepsiCo's 42-year history, following Reinemund (2001-2006), Roger A Enrico (1996-2001), Wayne D Calloway (1986-1996) and Donald M Kendall (1971-1986.) Herman W Lay served as PepsiCo's first Chairman (1965-1971), while Kendall served as CEO.
Nooyi joined PepsiCo in 1994 and directed worldwide strategy for over a decade. She was the primary architect of PepsiCo's restructuring and transformation, including the merger with Quaker Oats and the acquisition of Tropicana, which added some of the world's strongest health and wellness brands to PepsiCo's portfolio.
First Published: Feb 05, 2007 22:35 IST