New Delhi: PepsiCo has announced that Indra Nooyi will step down as its CEO after heading the world’s second-largest food and beverage giant for 12 years.
PepsiCo is presently globally the second-largest food and beverage company and her admirers credit it to Nooyi.
Born in Chennai, Indira Nooyi has successfully changed the face of beverage major Pepsico with her agenda of ‘performance with purpose’ by offering more nutritious products.
During her 12-year stint as CEO, PepsiCo saw its revenue grow by more than 80 per cent and added a new billion-dollar brand almost every other year.
Nooyi (62) invested in the future of the company and during her tenure Pepsico’s spendings on R&D almost got trebled. She focused on delivering sustainable long-term growth while leaving a positive imprint on society and the environment. This included transforming PepsiCo’s portfolio and offering healthier options while making food system more sustainable.
“I am especially proud of the great work we have done in India to transform our portfolio to include more nutritious products, working with and supporting thousands of Indian farmers, and providing an inclusive workplace in which our associates in India can bring their whole selves to work everyday. That will not change,” said Nooyi in her statement.
Nooyi, a graduate from Madras Christian College and MBA from IIM Calcutta, who had been at the helm of affairs of $63.5 billion Pepsico for almost 12 years, oversaw a number of key restructurings during her 24 years’ tenure at New York-Headquartered food and beverage giant.