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After 12 years as Pepsi CEO, Indra K. Nooyi to step down on Oct 3

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New Delhi, Aug 6: Pepsico on Monday announced the stepping down of its Indian-origin CEO Indra Nooyi on October 3, however will continue being the chairman until early 2019.

After 12 years as Pepsi CEO, Indra K. Nooyi to step down on Oct 3

"Growing up in India, I never imagined I'd have the opportunity to lead such an extraordinary company," Nooyi said in a statement.

Laguarta, a 22-year veteran of the company, has been president since September, overseeing global operations, corporate strategy, public policy and government affairs. Prior to that, Laguarta served in leadership positions in the European and sub-Saharan Africa divisions.

With Nooyi's departure, the rest of PepsiCo's senior leadership team will remain unchanged, the company said.

(with inputs from PTI)

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