PepsiCo gets a new CEO as Indra Nooyi steps down
PepsiCo’s CEO Indra Nooyi is stepping down after 12 years in the top job, handing the reins over to president and former marketer Ramon Laguarta
Nooyi will leave the role in October, although she will remain on as chairman until early 2019 to smooth the transition. Laguarta was widely expected to take over as CEO following its promotion last year and will be PepsiCo’s sixth CEO in its 53-year history.
Laguarta takes over at PepsiCo as the business faces mounting challenges caused by shifts in consumer tastes as people look for healthier alternatives to traditional soft drinks and snacks. The company has been prioritising healthier options, ecommerce and innovation, launching its first ecommerce only brand, Drinkfinity, in the UK, and setting up innovation hubs in the US and Europe to better scale new products.