Nooyi to quit as PepsiCo CEO; will remain Chairman till early 2019
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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Azerbaijani airliner with 67 people onboard crashes in Kazakhstan leaving 32 survivors
Moscow, Dec 25: An Azerbaijani airliner with 67 people onboard crashed Wednesday in the Kazakhstani city of Aktau, leaving at least 32 survivors, according to officials. More than 30 people are likely dead.
Kazakhstan's Emergency Ministry said in a Telegram statement that those on board included five crew. At least 29 have been hospitalized, the ministry told Russia's state news agency RIA Novosti.
Russian news agency Interfax quoted medical workers as saying that four bodies have been recovered and emergency workers at the scene as saying that both pilots, according to a preliminary assessment, died in the crash.
The Embraer 190 aircraft made an emergency landing 3 km from the city, Azerbaijan Airlines said earlier.
Kazakhstan's Emergency Ministry initially said 25 people survived the crash, later revising that number to 27, 28, and then 29 as the search and rescue operation continued at the site of the crash, bringing the supposed death toll down.
Prosecutor General's Office in Azerbaijan later reported that at least 32 people survived the crash, adding that the number wasn't final.
The number of survivors could mean that over 30 people may be dead.
The plane was originally scheduled to travel from the Azerbaijani capital of Baku to the Russian city of Grozny in the North Caucasus. According to Azerbaijan Airlines, 37 passengers were Azerbaijani citizens. There were also 16 Russian nationals, six Kazakhstani and three Kyrgyzstani citizens, it said.
RIA Novosti quoted Russia's civil aviation authority, Rosaviatsia, as saying that preliminary information showed that the pilot had chosen to divert to Aktau after a bird strike on the aircraft led to “an emergency situation on board”.
Mobile phone footage circulating online appeared to show the aircraft making a steep descent before smashing into the ground in a fireball. Other footage showed part of its fuselage ripped away from the wings and the rest of the aircraft, lying upside in the grass. The footage corresponded to the plane's colors and its registration number.
Some of the videos posted on social media showed survivors dragging fellow passengers away from the wreckage of the plane.
Flight-tracking data from FlightRadar24.com showed the aircraft making what appeared to be a figure-right once nearing the airport in Aktau, its altitude moving up and down substantially over the last minutes of the flight before impacting the ground.
FlightRadar24 separately said in an online post that the aircraft had faced “strong GPS jamming” which “made the aircraft transmit bad ADS-B data”, referring to the information that allows flight-tracking websites to follow planes in flight. Russia has been blamed in the past for jamming GPS transmissions in the wider region.
Embraer did not immediately respond to a request for comment early Wednesday morning. In a statement, Azerbaijan Airlines said it would keep members of the public updated and changed its social media banners to solid black.
Azerbaijan's state news agency, Azertac, said that an official delegation consisting of Azerbaijan's emergency situations minister, the country's deputy general prosecutor, and the vice president of Azerbaijan Airlines had been dispatched to Aktau to conduct an “on-site investigation”.
Azerbaijani President Ilham Aliyev, who had been traveling to St Petersburg, returned to Azerbaijan on hearing news of the crash, the president's press service said. Aliyev was due to attend an informal meeting of leaders of Commonwealth of Independent States, a bloc of former Soviet countries founded after the collapse of the Soviet Union.
Aliyev expressed his condolences to the families of the victims in a statement on social media. “It is with deep sadness that I express my condolences to the families of the victims and wish a speedy recovery to those injured,” he wrote.
Russian President Vladimir Putin spoke to Aliyev on the phone and expressed his condolences, Kremlin spokesman Dmitry Peskov told reporters.
Both Kazakhstani and Azerbaijani authorities were investigating the crash. Embraer told The Associated Press in a statement that the company is “ready to assist all relevant authorities.”
Azerbaijan Airlines passenger plane flying from Baku to Grozny crashed in Aktau, Kazakhstan. pic.twitter.com/EnicqHcTGM
— Clash Report (@clashreport) December 25, 2024
