UNITED NEWS INTERNATIONAL — PepsiCo’s longtime leader Indra Nooyi will step down as the chief executive from the world’s second-largest food and beverage company in October.
The company revealed Nooyi’s exit on Monday, August 6 and stated she’ll remain as chairwoman until early 2019.
In a statement, Nooyi said, “Part of my heart will always remain here. But I am proud of all we’ve done to position PepsiCo for success.”
The 62-year-old has been with Pepsi for 24 years and during her 12 years as CEO, she helped sales grow by 80 percent.
Nooyi is also credited with helping reshape and expand the company’s snacks operation as customer tastes shifted from sodas to looking for healthier food options.
She will be replaced by company veteran and global operations chief Ramon Laguarta.
Nooyi tweeted about Laguarta on Monday, saying, “I am positive that he will take PepsiCo to new and greater heights in the years to come.”