Nooyi elected PepsiCo chairperson
Indra K Nooyi has been elected as chairperson of the board of PepsiCo & will hold the seat from May 2, 2007.
By TNN |
NEW DELHI: The Chennai girl hit headlines on Monday yet again when PepsiCo���s board of directors announced that it has elected Indra K Nooyi, 51, chairman of the board, effective May 2 when current executive chairman Steven S Reinemund, 58, retires.
Ms Nooyi is currently chief executive officer of the more than $32-billion global convenient food and beverage company, a role she assumed on October 1, 2006. She becomes the fifth chairman and chief executive officer in PepsiCo���s 42-year history, following Mr Reinemund (2001-2006), Roger A Enrico (1996-2001), Wayne D Calloway (1986-1996) and Donald M Kendall (1971-1986).
Herman W Lay served as PepsiCo���s first chairman (1965-1971), while Kendall served as chief executive officer. ���I���m incredibly honoured by the board���s confidence and extraordinarily fortunate to follow in the footsteps of Steve Reinemund and all my illustrious predecessors,��� said Ms Nooyi.
She joined PepsiCo in 1994 and directed worldwide strategy for over a decade. She was the primary architect of PepsiCo���s restructuring and transformation, including the merger with Quaker Oats and the acquisition of Tropicana, which added some of the world���s strongest health & wellness brands to PepsiCo���s portfolio.
She also led the divestiture of PepsiCo���s restaurants. Prior to being elected CEO last year, Mrs Nooyi served as president and chief financial officer. She was elected to PepsiCo���s board of directors in 2001. ���PepsiCo is in extraordinarily gifted and capable hands,��� said Reinemund.
���Indra���s record of transformational leadership is second to none. She and her team will take this great company to an unprecedented level of success and I look forward to continuing to cheer their continued achievements,��� he added.
Perhaps the best description of Ms Nooyi came from the charismatic Roger Enrico who famously called Indra ���a dog with the bone���. Back in ���01, Nooyi had got singer Don McLean at her residence to sing the hit song American Pie for Enrico ��� that���s his most memorable moment as far as Nooyi goes.
And what does Mr Enrico mean by a dog with the bone? ���Oh, I said it in a positive way. What I meant was Indra is very tenacious. If she gets an idea, she goes after it. There���s no stopping her,��� Mr Enrico had told ET last August when Ms Nooyi was elevated as the CEO of PepsiCo Inc.
Ms Nooyi is currently chief executive officer of the more than $32-billion global convenient food and beverage company, a role she assumed on October 1, 2006. She becomes the fifth chairman and chief executive officer in PepsiCo���s 42-year history, following Mr Reinemund (2001-2006), Roger A Enrico (1996-2001), Wayne D Calloway (1986-1996) and Donald M Kendall (1971-1986).
Herman W Lay served as PepsiCo���s first chairman (1965-1971), while Kendall served as chief executive officer. ���I���m incredibly honoured by the board���s confidence and extraordinarily fortunate to follow in the footsteps of Steve Reinemund and all my illustrious predecessors,��� said Ms Nooyi.
She joined PepsiCo in 1994 and directed worldwide strategy for over a decade. She was the primary architect of PepsiCo���s restructuring and transformation, including the merger with Quaker Oats and the acquisition of Tropicana, which added some of the world���s strongest health & wellness brands to PepsiCo���s portfolio.
She also led the divestiture of PepsiCo���s restaurants. Prior to being elected CEO last year, Mrs Nooyi served as president and chief financial officer. She was elected to PepsiCo���s board of directors in 2001. ���PepsiCo is in extraordinarily gifted and capable hands,��� said Reinemund.
���Indra���s record of transformational leadership is second to none. She and her team will take this great company to an unprecedented level of success and I look forward to continuing to cheer their continued achievements,��� he added.
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Perhaps the best description of Ms Nooyi came from the charismatic Roger Enrico who famously called Indra ���a dog with the bone���. Back in ���01, Nooyi had got singer Don McLean at her residence to sing the hit song American Pie for Enrico ��� that���s his most memorable moment as far as Nooyi goes.
And what does Mr Enrico mean by a dog with the bone? ���Oh, I said it in a positive way. What I meant was Indra is very tenacious. If she gets an idea, she goes after it. There���s no stopping her,��� Mr Enrico had told ET last August when Ms Nooyi was elevated as the CEO of PepsiCo Inc.
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