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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Pizza Hut China debuts unusual bullfrog pizza, sparking mixed reactions online
Beijing : Pizza Hut China has taken a bold step into culinary experimentation by introducing a limited-edition pizza topped with deep-fried bullfrog, a move that has garnered both curiosity and criticism online. The unconventional dish was first highlighted by global food trend expert David Henke, who shared a photo of the new menu item on X (formerly Twitter), noting the diverse protein preferences in different cultures.
The pizza, known as "Goblin Pizza," features a thick crust, red sauce, a layer of parsley, and a whole deep-fried bullfrog as the centerpiece. The frog's "eyes" are created with halved hard-boiled eggs, each topped with a black olive, making for a visually striking presentation. According to Korean news outlet Maeil Business Newspaper, the unusual offering is a collaboration with Dungeons and Dragons, inspired by a character from the game.
Details about the availability of this new creation are limited, with no specific information provided on Pizza Hut’s official website. However, the quirky menu item has already become a talking point on social media, drawing a mix of reactions ranging from shock to curiosity.
On Reddit, a photo of the pizza was shared, fueling further debate. Some users labeled the dish as “pure blasphemy,” while one user went so far as to say, “This pizza is a felony.” Another asked, “Why ruin a pizza like that?”
Not all feedback was negative; one commenter admitted that while the frog might be off-putting, they'd be more accepting if the pizza underneath was satisfactory. Another joked, "You can ribbet this right into the garbage."
Amidst the critique, there were voices of intrigue. One foodie defended the dish, saying, “Fried frog legs are so good! Maybe next time, shred the frog leg meat and add it to the pizza—that would be pretty good.”
