NEW YORK (Reuters) – PepsiCo said on Monday President Indra Nooyi had left the company after 24 years with 12 of them in command. She will remain in office until October 3 and will continue as chairman of the board until early 2019.
For Indra’s place, the board of directors elected Ramon Laguarta, an employee of the company for 22 years and executive president since September 2017, a position that is below that of CEO. When he took office, Indra said she intended to remain in charge “in the near future.”
Throughout his tenure, Indra expanded PepsiCo’s portfolio beyond soft drinks and snacks, seeking to also offer healthier products. She was also able to keep the company together despite pressure from activist investors to separate it. PepsiCo’s revenue grew 81% during its administration to $ 63.5 billion.
Indra’s tenure at PepsiCo was more than double the average of the companies that make up the S & P 500 index, five years, according to an Equilar consultancy survey.
Its exit comes amid a restructuring in the food industry, with large companies losing market share to smaller and healthier brands. Coca-Cola and Mondelez International changed manage