Pepsico’s First Female CEO Indra Nooyi Steps Down

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In 2017, there was an all-time high of 32 women CEOs on the Fortune 500.

In 2018, the number declined as more women stepped down as CEO, including Campbell Soup’s Denise Morrison and Mattel’s Margo Georgiadis.

And now the numbers drop again as Indra Nooyi makes her move.

https://twitter.com/IndraNooyi/status/1026431769300672514

After holding the top spot at PepsiCo for 12 years, Indra Nooyi plans to step down on October 3rd. She will remain as chair until early 2019. Under Nooyi’s leadership as CEO, PepsiCo saw its revenue grow by more than 80 percent and experienced the birth of many billion-dollar brands.

Ramon Laguarta, PepsiCo’s President and a 22-year veteran of the company, will replace Indra Nooyi.

PepsiCo is a leader in the food and beverage industry, serving customers in over 200 countries with over 20 well-known brands. Their most popular brands include Pepsi, Frito-Lay, Gatorade, Quaker, and Tropicana. When Indra Nooyi steps down in October, the consumer packaged goods industry will lose one of it’s most vibrant and visible female voices of this decade.

Pepsico Earnings & Dividends

PepsiCo reached $63.5 billion in revenue in 2017. In May 2018, the company increased its annual dividend to $3.71 per share, marking the company’s 46th annual dividend increase.

On July 10th, PepsiCo reported results for the second quarter of 2018.

https://twitter.com/IndraNooyi/status/1026431766289149953

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