Published: Mon, August 06, 2018
Markets | By Noel Gibbs

Wall Street Losing a Rarity: Minority Female CEO

Wall Street Losing a Rarity: Minority Female CEO

Under Nooyi's 12-year tenure as CEO, she boosted sales of the Mountain Dew and Gatorade maker to $63.5billion, up 80 per cent from when she started.

CEO of PepsiCo Indra Nooyi speaks at the Bloomberg Global Business Forum in New York City, US, September 20, 2017.

Nooyi led Pepsi to become one of the most successful food and beverage companies in the world. Sixty-two-year-old Nooyi, who has been a part of the company for 24 years, will continue as the chairman of the board till early next year.

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She is also largely credited with re-shaping Pepsi with tactical mergers and shifting to healthier drinks over sugary sodas - moving to juices and teas. "She has delivered strong and consistent financial performance, managing with an eye toward not only the short-run, but the long-run as well". "Ramon has been a critical partner in running the company, and I'm confident he will take PepsiCo to new and greater heights in the years to come". PepsiCo President Ramon Laguarta will replace Nooyi, the company said in a statement.

PepsiCo's Good for You brands include Quaker oatmeal, Sabra hummus, bubly sparkling water and Tropicana and Naked juices.

Laguarta has worked with PepsiCo for 22 years and served as the chief executive officer of the Europe Sub-Saharan Africa division.

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Mr Manafort's attorneys have signalled they will seek to blame Mr Gates , who was Mr Trump's deputy campaign chairman in 2016. Classifying the property as a personal residence would have made it easier to obtain the mortgage at a low rate.

Earlier this year, Indra Nooyi was named the first independent female director of the International Cricket Council (ICC).

"Growing up in India, I never imagined I'd have the opportunity to lead such an extraordinary company", Indra said. "Her leadership and vision propelled our performance, transformed our company and embedded sustainability into everything we do", PepsiCo said.

Nooyi was named as Fortune's second most powerful woman in business previous year, coming after chairman and CEO of General Motors, Mary Barra.

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President Donald Trump is arguing that Republicans need to control Congress by casting the midterms as a referendum on himself. Pelosi, who would become speaker if the Democrats flip control of the House in November, has always been a Republican target.

PepsiCo's shares were up marginally in premarket trading on Monday.

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