Food Industry
Industry: Email Alert RSS FeedPepsiCo names Nooyi CEO, restructures business.(INDUSTRY Issues)(appointment of Indra Nooyi )(Brief article)
Beverage Industry, September, 2006
Indra Nooyi has been named chief executive officer at PepsiCo, succeeding Steven Reinemund, and making PepsiCo the largest U.S. firm run by a woman. Reinemund announced he plans to retire from the company next May after 22 years with the company and five as chief executive. Nooyi will take over as CEO in October, with Reinemund serving as executive chairman and a member of the board of directors until May.
Nooyi's previous responsibilities as president and chief financial officer will be divided between PepsiCo Richard Goodman, chief financial officer of PepsiCo International, who will become chief financial officer for the corporation with responsibility for tax, treasury, control, risk management and audit and investor relations; and Hugh F. Johnston, senior...
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