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PepsiCo: names Ramon Laguarta as new CEO from October

(CercleFinance.com) - PepsiCo has named Ramon Laguarta to succeed Indra Nooyi, who has been CEO over the last 12 years, the soda maker said on Monday.


Its board of directors has unanimously elected Laguarta, 54, to succeed Nooyi, 62, when she steps down in October, the maker of Pepsi drinks and Frito-Lay snacks said.

A Spanish national, Laguarta has held several executive roles over his 22-year career at PepsiCo. Since September 2017, he has been head of global operations, corporate strategy, public policy and government affairs.

The company said that Indra Nooyi will remain chairman until early 2019. Under her tenure, PepsiCo's share price has increased by over two-and-a-half times.

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