Ramon Laguarta, who has been with the company for more than two decades, will take over as CEO in October, the company said Monday.
She is among the world's most prominent female business leaders and has consistently appeared on Forbes' list of the 100 most powerful women, ranking 11th in 2017. She pushed PepsiCo far beyond its cola roots, expanding into hummus, kombucha and other healthier products with mixed results.
She will remain the chairman until early 2019.
. The company's shares have gained 78 percent since Nooyi took the top job in 2006. "This company has been my life for almost a quarter century and part of my heart will always remain here", Nooyi said in a prepared statement.
"I'm proud of all we've done to position PepsiCo for success, confident that Ramon and his senior leadership team will continue prudently balancing short-term and long-term priorities", said Nooyi.
Before taking her charge in soda behemoth in 2006 (she joined Pepsi in 1994 as a strategist), the 62-year-old had successful stints at companies like Johnson & Johnson in India and later BCG and Motorola.
Nooyi steered PepsiCo a dozen years through the changing landscape. Prior to that, Laguarta served in leadership positions in the European and sub-Saharan Africa divisions.
"With a deep understanding of PepsiCo's worldwide operations, and a broader understanding of the total company portfolio in his role as president, we believe that Laguarta is well-placed to continue executing on PepsiCo's current strategy", analysts at Cowen & Co said.
Mr Laguarta, a 22-year veteran of PepsiCo, oversaw global operations, corporate strategy, public policy and government affairs in his role as president.
Although a auto in the lot was damaged, authorities said Sunday evening there appeared to be no injuries on the ground. A medical group has been established to handle patient care and treatment, said the Orange County Fire Authority.
Protesters saw a significant police presence that included bomb-sniffing dogs and weapons screening checkpoints. Clashes after similar protests in Portland in June sent four people including a police officer to the hospital.
She has opted for muted colors like oatmeal and blush instead of the more colorful choices she wore before walking down the aisle. Charlie's older brother, Thomas , is close friends with the Duke of Cambridge and is godfather to Princess Charlotte, three.
But Bloomberg pointed out that US stocks have yet to regain strong January performances since the escalating trade war. The US and China implemented tariffs on $ 34 billion worth of each others' goods in July.
For SpaceX's Crew Dragon spacecraft the astronauts will be: Robert Behnken , Douglas Hurley , Victor Glover , Mike Hopkins . The Boeing and SpaceX crewed test missions are arguably the most anticipated spaceship test flights this century.
The ANC urges the government of Venezuela to get to the bottom of these attacks and to do everything to arrest this scourge. One of the drones was to explode above the president while the other was to detonate directly in front of him, he added.
Laporta said she knew what she did was "not appropriate", adding that "you can't pick and choose what's a loan and what's income". Such accounts must be reported to tax authorities if they contain $US10,000 or more .
The Kingdom of Saudi Arabia expresses its absolute and categorical rejection of the position of the Canadian Government. The Saudi ambassador to Canada has been recalled to the peninsula for "consultation".
The idea struck particularly hurtful for James, who explained sports was a means for him to learn about others . Instead, Bleacher Report shares that Jordan has also issued a statement in support of his fellow athlete.
The US administration has vowed to impose sanctions on any company continuing to buy oil from Iran after the November 4 deadline. Between April and July India's oil imports from Iran has risen by an annual 40% to about 677 500 bpd, the data showed.
She had two sons, Larry and Andrew , with her ex-husband, John Strauss , who she divorced in 1976 after he came out as bi-sexual. Born Charlotte Rae Lubotsky in Milwaukee, Wisconsin, Rae got her start doing theater and radio.
Poirier walks into MSG with a TKO victory over Eddie Alvarez, in their rematch of a controversial no-contest at UFC 211 in 2017. The fights will be formally announced Friday at a UFC seasonal news conference at the Orpheum Theater in Los Angeles.
TSMC says third-quarter revenue hit by computer virus
In the past, the U.S. company has employed foundries owned by Samsung Electronics Co., its rival in global mobile devices. It is unclear how the lost days of output would affect the Taiwanese firm, the latest to fall prey to a growing scourge.
British Open: Georgia Hall claims first major victory
She became the first English player of either sex to win a major at Royal Lytham since Tony Jacklin won the 1969 British Open. Meanwhile, New Zealand's Ben Campbell holds a four shot lead after the second round of the Fiji International tournament.
RBS says profit down after USA settlement, picture…
First-half operating profit fell 6.4% to £1.83bn and included a halving of second-quarter operating profit to £613m on-year. RBS achieved an attributable profit of £888 million ($1.15 billion) in the first half of the year.
PUBG Announces Mission: Impossible Event
And of course the first member of the team that people always talk about when it comes to killing one, it was Luther. Fallout had the series best opening at 61.5 million dollars in the US.