New York, Aug 6: Indian American business executive Indra K. Nooyi will step down as the Chief Executive of food and beverage major PepsiCo Inc in October, the company said on Monday.
According to the US-based multinational, Nooyi, 62, will step down on October 3 after 24 years with the company, the last 12 as the CEO. However, Nooyi will remain the Chairman of the company until early 2019, Pepsico said.
She will be succeeded by Ramon Laguarta, 54, as the Chief Executive Officer.
"Growing up in India, I never imagined I'd have the opportunity to lead such an extraordinary company," Nooyi was quoted as saying in a company statement.
"Guided by our philosophy of 'Performance with Purpose' - delivering sustained performance while making more nutritious products, limiting our environmental footprint and lifting up all the communities we serve, we've made a more meaningful impact in people's lives than I ever dreamed possible.
"PepsiCo today is in a strong position for continued growth with its brightest days still ahead."
While Nooyi departs, the rest of PepsiCo's senior leadership team will remain unchanged.
Speaking on behalf of PepsiCo's Board of Directors, presiding director Ian Cook said: "As Chairman and CEO, Indra has provided outstanding leadership over the past 12 years, serving as a model both within our industry and beyond for responsible corporate stewardship in the 21st century.
"As CEO, she grew revenue more than 80 per cent, outperforming our peers and adding a new billion-dollar brand almost every other year. And shareholders have benefited: $1,000 invested in PepsiCo in 2006 is worth more than two-and-a-half times that amount today."
Cook pointed out that under her leadership the company invested "for the future, leading the way on corporate sustainability and responsibility, and embedding a sense of purpose in everything the company does.
"As one of the first Fortune 100 CEOs to embed sustainability targets into business operations, Indra was a pioneer, paving the way for a new generation of business leaders who seek to 'do well by doing good'.
"Under her leadership, PepsiCo grew its portfolio of 'Good for You and Better for You' options from about 38 per cent of revenue in 2006 to roughly 50 per cent in 2017, almost tripled its investments in research and development to expand its more nutritious offerings and minimize its environmental impact, and achieved global recognition for the company's work in communities around the world."
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New Delhi, Dec 11: The Supreme Court said on Tuesday that if there is a "common thread" among the murders of social activists Narendra Dabholkar, Govind Pansare, journalist Gauri Lankesh and rationalist M M Kalburgi, then one agency can investigate all the four cases.
A bench of Justices U U Lalit and Navin Sinha asked the CBI to inform it by January first week as to why it should not investigate all the four cases if there appears a link among all the murders.
The counsel for the Maharashtra government informed the court that the CBI is investigating the murder cases of social activist and professor Narendra Dabholkar after the Bombay High Court transferred the probes to the agency.
The court, after perusing the status report of the Karnataka Police, said there appears to be a link between the murders of journalist Gauri Lankesh and rationalist M.M Kalburgi.
It asked the Maharashtra government's counsel about the status of the investigation into the Pansare murder case, to which the counsel said the case was pending before the Kolhapur trial court.
Earlier in the day, the Karnataka Police had informed the apex court that there appears to be a connection between Lankesh and Kalburgi murder cases.
The state police also told the apex court that it will file a chargesheet in the Kalburgi murder case in three months.
Noted scholar Kalburgi was killed at Dharwad in 2015. Pansare was also killed the same year. Lankesh was shot dead on September 5, 2017 in Bengaluru, whereas rationalist Dabholkar was assassinated on August 20, 2013.
The top court on November 26 had pulled up the Karnataka government for "doing nothing and just fooling around" in the investigation and had indicated that it may transfer the case to the Bombay High Court.
The top court had on January 10 sought the response of probe agencies NIA and CBI and the two state governments on the allegation of Uma Devi that no substantial investigation has been carried out so far in the murder case.
Kalburgi's wife, in her petition, had alleged that there was common link between the murder of her husband and that of activists Narendra Achyut Dabholkar and Govindrao Pansare, who too were assassinated in August 2013 and February 2015 respectively.
The 77-year old Kalburgi, the former vice chancellor of Hampi University and a well-known epigraphist, was shot dead in broad daylight at his residence in Kalyan Nagar in Dharwad, Karnataka, on August 30, 2015. Born in 1938, he was a Sahitya Akademi award-winning writer of old Kannada literature.