PepsiCo CEO to step down

After heading PepsiCo for 12 years as CEO, Indra Nooyi 62 will step down. She took over the company in 2006 and steered the company through the 2008 financial crisis. Indra Nooyi grew up in Chennai.She studied in the Madras Christian College.

She did her Masters degree in the Indian  Institute of Management, Kolkata.She then went to the U.S. for her second Masters in the Yale School of Management.Her hobbies included cricket and music.She was the lead guitarist in an all girl rock band. She said that she felt honoured to lead such an extraordinary company and that it was the honour of her lifetime. Ramon Laguarta 54 will succeed Ms.Nooyi as CEO on October 3rd. However Ms.Nooyi would remain the Chairman of the company till early 2019 to ensure a seamless transition.