Indra Nooyi, the erstwhile CEO of PepsiCo has been appointed to the Board of Directors of US online retailer Amazon.com.
Nooyi who spent 24 years with PepsiCo, including 12 as the CEO stepped down in October and gave up her seat on the beverage giant’s board this February.
Indra Nooyi, the long-serving Chief executive Officer of Purchase, New York based PepsiCo is to step down from her post after 12 years.
The 62-year old Nooyi, who has been with the company for 24 years, will cede the CEO role to 54-year old Ramon Laguarta, a Spaniard and 22-year veteran of the soft drinks giant.
PepsiCo’s CEO and Chairman Indra Nooyi is said to be joining U.S. Presedent-elect Donald Trump’s new Economic Advisory Team, less than a month after Trump supporters began threatening to boycott the soda giant’s drinks following some comments she allegedly made at a conference after the U.S. election.
Trump’s transition team announced on Wednesday that Nooyi will be part of the incoming U.S. President’s Strategic and Policy Forum.
In a Dealbook conference held just after the U.S. elections, Nooyi was said to have commented:
PepsiCo, the soft drink giant behind such brands as Pepsi, 7-Up, Mountain Dew, among others said on Thursday that revenue for the second quarter of 2016 declined 3.3% to $15.4bn, from $15.92 billion, weighed down by a stronger dollar, the de-consolidation of its Venezuelan operations and currency-driven headwinds in Latin America (32%), Europe and Sub-Saharan Africa (4%). PepsiCo said that its Asia, Middle East and North America (AMENA) division saw a 3% rise in revenue.
PepsiCo, the giant soft drinks maker known for its Pepsi-cola brand, among others, said it “was aggressively moving towards products with fewer calories” in a bid to transform its product portfolio. It added that it was reducing reliance on carbonates and focusing more on what it calls ‘guilt-free’ beverages.
