Indra Nooyi (62), who had been the CEO of world's popular cold drink company Pepsico, has stepped down from her role, after a tenure lasting 12 years. Pepsico has appointed Ramon Laguarta after being selected by the board members.
It has been said that he will be taking charge of his new responsibilities starting from October 3, 2018. This has been the first setback in the 24 years professional association of Indra Nooyi with Pepsico. She was supposed to be the leader of Pepsico till 2019. In her press release, she has said the following: "Brought up in India, I had never expected to receive such a huge opportunity.
I have created a huge impact than what I dreamt of, in a meaningful manner, with efficient work during my tenure, and I am proud to have introduced many new products for Pepsico. Pepsico has been at a top position and will continue to excel".
Ramon Laguarta had been the President of Pepsico, since September 2017. and had been with the company for 22 years, monitoring Pepsico business in Africa and Europe and handled global operations, public policy and corporate strategy besides government affairs as a president.
Cyclonic Storm prevails over AP & North Tamilnadu According to sources the IMD stated the deep depression over south Bay of Bengal is likely to intensify into a cyclonic storm over the next 24 hours. Meanwhile the cyclonic storm is expected to move towards Andhra Pradesh and adjoining north Tamilnadu coast over the next 72 hours and the regions could witness heavy to very heavy rainfall.
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