Indra Nooyi Completes Her Retirement; Laguarta Named PepsiCo Chairman

Jan. 26, 2019
Having already given up the CEO title, Indra Nooyi to leave the board Feb. 1.

PepsiCo's board of directors in January elected Ramon Laguarta, CEO and a member of the board, to serve as chairman of the board effective Feb. 1. That will relieve Indra Nooyi of her final role with the company.

Last August, PepsiCo revealed Nooyi's plans to retire from the company she's worked at for 24 years,12 as CEO. At that time, Laguarta was named to replace her as CEO, a title he formally got Oct. 3, while Nooyi would continue as chairman into early 2019.

Laguarta has 22 years at the company. He will become just the sixth CEO and/or chairman in PepsiCo's 53-year history. Prior to Nooyi, chairman/CEOs were Steven Reinemund, Roger Enrico and Wayne Calloway. After the merger that created PepsiCo from Frito-Lay Co. and Pepsi Cola Co., Herman Lay was the first chairman while Donald Kendall was CEO.

All have been appointed from within the organization, "a testament to PepsiCo's strong bench of talent and succession planning," the company said back in August.

Sponsored Recommendations

Revolutionizing Healthcare: The Impact of Digitalization in Biopharma Innovation

Biopharma enables an entirely new level of innovation that’s simply not possible in conventional drug development. It’s an approach that can fundamentally change the way healthcare...

Navigating the Automotive Industry's Electric Future

The automotive industry is at a turning point. Bloomberg estimates that by 2040, 54% of new vehicle sales will be electric. And by 2030, we’re looking at 100% of passenger vehicles...

Unified Process Control Brings Operational Clarity

Inland Empire Utilities Agency replaces its SCADA enterprise system with the PlantPAx Distributed Control System and reduces complexity for operators

PlantPAx DCS Improves Operational Reliability

KC Water calls on R.E. Pedrotti to replace obsolete wastewater SCADA solution with a unified Modern Distributed Control System (DCS).