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Nooyi most powerful businesswoman

Fortune magazine ranks the Chennai-born CEO of PepsiCo ahead of Oprah Winfrey and eBay chief Meg Whitman.

india Updated: Oct 04, 2006 10:58 IST
Press Trust of India
Press Trust of India

Chennai-born Indra Nooyi, who was recently appointed as CEO of global soft drink giant PepsiCo, has been named as the world's most powerful business woman by Fortune magazine, ahead of people like Oprah Winfrey and eBay chief Meg Whitman.

The latest feat follows a similar honour bestowed upon Nooyi by another business publication Forbes, which had also named her as the world's most powerful woman soon after she was named the new PepsiCo CEO.

Fortune, the business magazine of CNN-Time Warner Group, said Nooyi had been named to the top spot on its ninth annual list of 50 Most Powerful Women in Business, which would appear in the latest issue of the magazine hitting news stands on October 9.

Padmasee Warrior, another woman of Indian origin, who is the Chief Technology Officer at US-based telecom giant Motorola, has also been named among the four "rising stars" in the same issue of Fortune, who could find place in the next list of power business woman of the world.

Nooyi, who had taken over the reins at PepsiCo on Monday, has moved up ten slots from 11th position in 2005. She has replaced eBay CEO and President Meg Whitman from the topposition, a position Whitman occupied for the past two years.

Whitman has been ranked at the third position in this year's list, while Xerox Chairman and CEO Anne Mulcahy holds the second position.

"Pepsi's brand new chief is a powerful force behind the consumer giant's strong profit pipeline and $108 billion stock market valuation," the magazine said.

Formerly CFO and President, the Indian-born strategist reached the top even though she never ran a line operation at Pepsi, it added.

Fortune said that Nooyi believes in constant reinvention, while quoting her: "The minute you have developed a new business model, it's extinct, because somebody is going to copy it."

"The list of brand name companies with women chief executives is longer and more impressive than ever, after a year of stunning breakthroughs in corner-office hiring," Fortune editor Patricia Sellers said in the story.

First Published: Oct 03, 2006 19:46 IST