Posted on 08/15/2006 4:24:11 AM PDT by saveliberty
Pepsico Inc. Chief Financial Officer Indra K. Nooyi will replace Steven Reinemund as chief executive, the Pepsi-Cola and snacks company said yesterday, making her the No. 2-ranked female CEO in the Fortune 500.
With her Oct. 1 appointment, Mrs. Nooyi takes her place in an elite group of 11 female CEOs running Fortune 500 companies. Patricia Woertz at agricultural processor Archer Daniels Midland Co. ranks first. ADM is ranked 56th in the Fortune 500, while Pepsico, the world's second-largest soft-drink company after Coca-Cola Co., is ranked 61st.
"I'm very excited and at the same time very humbled," she told analysts during a conference call yesterday morning.
Mrs. Nooyi said she felt fortunate to be taking over at a time when Pepsico was in such a strong position, with solid growth across all its business units. She and Mr. Reinemund have worked closely over the last five years, and Mrs. Nooyi described their relationship as one in which they complete each other's sentences.
"Indra Nooyi is truly a star and has been working side by side with Mr. Reinemund over the past several years," Citigroup analyst Bonnie Herzog wrote. "She has been very involved with every major decision Pepsico has made over the past five-plus years, and therefore, we expect this transition to be very smooth."
(Excerpt) Read more at washingtontimes.com ...
Considering the Mike Wallace interview, absolutely.
It's as though no journalist read "The Terrible Secret" and they are repeating Amb Joe Kennedy in the UK all over again.
Don't forget, Aquafina water, Tropico juices, Sunkist, and Lipton are all Pepsi products as well.
Safeway.
:-) Tropicana puts bugs in its red grapefruit juice. Another reason to boycott Pepsi products.
Too Sweet and flat tastng.
Gives my tummy acid reflux and throat gags.
No pepsi, Coke.
Thank you!
Chee'burger Chee'burger Chee'burger Chee'burger
And Lay's Potato Chips and Gatorade and Quaker Oats and Rice-A-Roni...
They will never get another dime out of me.
We don't have any Safeways here. But I know it's a grocery store. I have moved about a bit. Ohio? Right?
Everyone should read the speech she gave. Personally, I'm going to boycott Pepsi products, write a nasty-gram to Pepsico, and one to my retirement fund company urging that they drop Pepsico from their portfolio. We don't need her kind in positions of power...anywhere.
Now that we know what Pepsico thinks of America and Americans, let's all show Pepsico what America and Americans think of them and their illegal workers!
I think that there are Safeways in California too
Diet Sunkist, 7up or Fresca for a change of taste is nice too.
Pespsi has Sierra Mist or Mountain Dew.
Ackkkk
Yes good idea. They own Taco Bell as well. Grrrrrrr!
Pepsi is the middle finger of the soda world.
Isn't Dr. Pepper a sweet wussy drink. Surprises me for a state like Texas. Would have expected whiskey.
"Chip...Chip!"
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