Indra Nooyi is the new chairman of PepsiCo

Indra Nooyi is the new chairman of PepsiCo

The board of directors of the PepsiCo has now announced that Indian-American corporate honcho Indra Nooyi has been elected as the Chairwoman of the company.

She is already the Chief Executive Officer of the company since October last year.

This appointment would be effective when Executive Chairman Steven S Reinemund, 58, retires on May 2.

Nooyi responded in a statement on this new development: “I’m incredibly honored by the board’s confidence, and extraordinarily fortunate to follow in the footsteps of Steve Reinemund and all my illustrious predecessors. PepsiCo is on a sound strategic course with solid momentum thanks to Steve’s leadership, and along with every PepsiCo associate, I’m looking forward to building on the lasting legacy created by him, Roger, Wayne, Don and Herman.”

Nooyi had originally joined the company in 1994 and has been the primary architect of PepsiCo’s restructuring and transformation.