She succeeds Steve Reinemund, who retires next May
NEW DELHI: PepsiCo, which is facing heat on the pesticide residue issue in India, on Monday named Indra Nooyi, as its worldwide Chief Executive Officer from October 1.
Ms. Nooyi will succeed Steve Reinemund, who retires next May.
Mr. Reinemund will serve the company as Executive Chairman and Director until his retirement.
In her position as President and Chief Financial Officer, Mr. Nooyi was responsible for all of PepsiCo's corporate functions, including finance, strategy, business process optimisation and information technology.
Prior to assuming her current position in May 2001, Ms. Nooyi was Senior Vice President and CFO, and SVP of Corporate Strategy and Development. She has played key roles in the Tricon spin-off, the purchase of Tropicana, the public offering of Pepsi Cola bottling group and the merger with Quaker Foods.
As worldwide chief of Pepsi, Ms. Nooyi paradoxically faces a great challenge in her home country itself. The company is fighting to save its image, which has been dented by an NGO report stating that the Pepsi drinks have residual pesticides in excess of permissible limits. UNI