PepsiCo Inc said on Monday Indra Nooyi would step down as chief executive officer after 12 years at the helm and named President Ramon Laguarta as her replacement.
Mr Laguarta will take over from Ms Nooyi on October 3 and will also join the board, the company said in a statement.
Ms Nooyi, 62, who has been with the company for 24 years, will continue as chairman of the board until early 2019.
reuters