PepsiCo CEO Indra Nooyi will step down after 12 years of leading the food and beverage giant.Nooyi, 62, will leave the CEO role on October 3. Ramon Laguarta, a 22-year PepsiCo veteran who was promoted to president last year, will take over as the CEO, the company said.
Nooyi steered PepsiCo a dozen years through the changing landscape, defeating an activist investor’s attempt to break up the company. She pushed PepsiCo far beyond its cola roots, expanding into hummus, kombucha and other healthier products with mixed results.