Nooyi, 62, has been with PepsiCo Inc. for 24 years and held the top job for 12. The company's board announced Monday that it electedRamon Laguarta, president of the company since 2017, to succeed her as CEO.
Nooyi was the first female CEO in the company's history.
Mrs Nooyi will continue as chairman of the board until early 2019.
He noted that, under Nooyi, PepsiCo expanded its portfolio of "Good for You" and "Better for You" options from about 38 per cent of revenue in 2006 to about 50 per cent in 2017, while simultaneously nearly tripling the company's investments in research and development to expand more nutritious offerings and minimize its environmental impact. "Leading PepsiCo has truly been the honour of my lifetime, and I'm incredibly proud of all we have done over the past 12 years to advance the interests not only of shareholders, but all our stakeholders in the communities we serve".
Manafort Trial: 4 Insights As Week 2 Begins
The 78-year-old Reagan appointee was more than pleased when prosecutors signaled they could be ready to rest their case by Friday. This courtroom sketch depicts Paul Manafort , fourth from right, standing with his lawyers in front of USA district Judge T.S.
She also described "mixed emotions" about leaving the role.
Nooyi hands the reins to the 54-year-old Laguarta, who has held a variety of positions in his 22 years at PepsiCo, which is based in Purchase, New York. "This company has been my life for almost a quarter century and part of my heart will always remain here", Nooyi, 62, said in a statement. Dividends per share almost tripled from $1.16 in 2006 to $3.17 in 2017 and a compound annual growth rate of almost 10%, according to a PepsiCo statement. She joined Pepsico in 1994.
Recently, Nooyi has focused on reinvigorating sales of its marquee sodas by stepping up marketing efforts, in a bid to win market share from Coca-Cola Co. He previously served as CEO of the Europe Sub-Saharan Africa region.
"We have had the privilege of knowing Nooyi for over a decade and have been very impressed with her leadership acumen and very thoughtful approach to managing PepsiCo through what has been a period of very choppy waters for broader consumer packaged goods", said Bonnie Herzog, senior analyst at Wells Fargo.
The US commercial weather forecaster AccuWeather predicted Hurricane Hector to track south of Hawaii by the middle of this week. For now, there could be enhanced heavier showers for east Hawaii island starting Wednesday morning.
NASA assigned astronauts to crew the first test flight and mission of both Boeing's CST-100 Starliner and SpaceX's Crew Dragon . What is not known is who gets to fly on which company's spacecraft, and on which flight they get to launch.
The nominees selected in the primary will then have until Election Day on November 6 to campaign for their respective offices. Any Democratic nominee for either governor or senator would need the support of moderate Republicans and independents.
All-rounder Stokes (4-40) came to the party on the morning of day four by removing Kohli and Mohammad Shami in the same over. A leading cricket website summed up his situation aptly before the final day, "Kohli refuses to lose the Edgbaston Test".
Al-Saadah was among the first women to run for office in Saudi Arabia in 2015 as part of a campaign for women's political rights. In a statement released through the Saudi Press Agency, Riyadh bluntly condemned the criticism from Ms.
Some protesters have shouted "Mullahs get lost!" and "Death to the dictator!" the semi-official Fars news agency has reported. The exercise could shut down of the Strait of Hormuz, a crucial Gulf passage for shipments of numerous commodities.
However, no tsunami alert was issued, said Hary Tirto Djatmiko, spokesman for Indonesia's geophysics and meteorology agency. According to an estimate by the BNPB, thousands of houses were damaged and over 6,200 families were affected in the quake .
President Trump's "fixer" Michael Cohen has reportedly claimed that then-candidate Trump approved the meeting ahead of time . Trump's team is trying to limit the scope of questions Mueller's team can ask of the president.
Protests broke out on Sunday for a sixth night in Iranian cities, including Kazeroon in the south, according to social media. "Because of some internal problems that Saudi Arabia is facing and certain foreign issues, Mr.
So should Nurmagomedov and McGregor put pen to paper in the next few days, their bout could very well be announced at the event . UFC 229 in Las Vegas will be the biggest fight of 2018. "It's time to roll", Diaz said following his own two-year absence.
Apple removes Alex Jones and Infowars podcasts from iTunes
The theories he has promoted include that the September 11, 2001 attacks on NY and Washington were staged by the U.S. government. As of early Monday, just one of the six Infowars programs once listed by Apple remained, RealNews with David Knight.
At last! Manchester United all set to sign Premier League star
Everton and Manchester United have both been linked with Mina, who struggled for Barcelona under Ernesto Valverde last season. He went on to feature only 21 times throughout the previous campaign, contributing with a solitary assist in the process.
Chelsea lead the chase for Zaha
Meanwhile, Tottenham are also weighing up a move for the player, although Palace are reportedly confident of keeping hold of him. Zaha has found his mojo once again since returning to Crystal Palace from Manchester United in the summer of 2015.
Thomas opens three-shot lead over McIlroy at Bridgestone
The round included just one bogey, two birdies and 15 pars, but ended emotionally for J.T. "Today, I didn't make anything". But in 62 rounds in this tournament dating to 1999, Woods made just a single birdie for only the third time.
China threatens new tariffs on $60bn worth of U.S. goods
The ministry also said that the United States measures violated the World Trade Organization rules and damaged China's interests. It's the first time the fuel has been ensnared by the expanding trade war and billions of USA dollars may hang in the balance.