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PepsiCo's Indra Nooyi to step down as CEO, Ramon Laguarta to take over

Indra Nooyi has been CEO of PepsiCo for 12 years

Indra Nooyi
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Indra Nooyi

Bloomberg
Indra Nooyi is stepping down as chief executive officer of food and beverage giant PepsiCo Inc., handing the reins to a top lieutenant in a transition that will draw attention to the dearth of prominent female CEOs in corporate America.

Nooyi, 62, will leave the role in October and remain chairman until early 2019. Ramon Laguarta, 54, who has been a candidate to take over since a promotion last year to president, will be just the sixth CEO in the 53-year history of the company.

Nooyi, who is from India, is the first foreign-born CEO of Pepsi and the first

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