PepsiCo veteran Ramon Laguarta to replace Indra Nooyi as CEO

In addition to being PepsiCo’s first woman leader Indra Nooyi who is from India was also the first foreign-born CEO of the company. She’ll leave her CEO post at Pepsi in October

Laguarta will be the sixth CEO in PepsiCo's history, with all of them coming from within the company.

Taking to social media, Nooyi shared some emotional posts with the people elaborating her time with the company and stated how she never imagined leading the company.

"Nooyi will step down on October 3rd after 24 years with the company, the last 12 as CEO".

Fortune credits Nooyi with moving PepsiCo's portfolio towards healthier fare: and PepsiCo has grown its portfolio of "Good for You" and "Better for You" options from about 38% of revenue in 2006 to roughly 50% in 2017.

She also declined to spin off PepsiCo's beverage business from its Frito-Lay snacks business in 2014, despite an activist investor's urging and the fact that the company's beverage sales were struggling in North America, AP reported. The 54-year-old Laguarta was also elected to the company's Board of Directors, effective October 3.

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Laguarta has previously served in leadership positions in PepsiCo's European and sub-Saharan Africa divisions.

He was elevated to president in September of a year ago and was widely expected to succeed Nooyi, though at the time of his appointment Nooyi said she would remain CEO "for the foreseeable future".

Commenting on the appointment of Laguarta Nooyi said, "Ramon Laguarta is exactly the right person to build on our success".

While many congratulated Nooyi on successfully leading the company for several years, others expressed sorrow over the decision. "She has transformed the company with her bold vision and outstanding leadership, and I feel fortunate to have her as a mentor and a friend".

Laguarta, Nooyi's successor, has served as president of PepsiCo since September 2017, overseeing global operations, corporate strategy, public policy and government affairs.

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