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 ...
A billboard outside of Pepsi headquarters would be effective except for the fact that apparently at Pepsico, reading comprehension is optional.
Yo quiero Coca Cola.
This is so that they can say that they have a female ceo. This will get the feminazis all buying pepsi and me buying coke.
:-D
Our Commitment
Our commitment is to deliver sustained growth, through empowered people, acting with responsibility and building trust.
Under Guiding principles:
Care for customers, consumers and the world we live in. ...Our success depends on a thorough understanding of our customers, consumers and communities. Caring means going the extra mile. Essentially, this is a spirit of growing rather than taking.
Blah...blah...blah. What we really mean is everyone else in the world is important of consideration, but not the U.S. where we got our start.
Well I never lived there. But thanks for the info. How have you been? Have you heard from Radio Producer? I thought they were going to have a new show?
No I think she's been celebrated as a leftwing star for a while. Let her drive the business where she thinks she can. Meanwhile, we can encourage our friends and families to shop for other products and services.
No asta de Taco Bell. Pepsi, no Coke. Muy malo.
:-) I have been fine, how are you? How is the new job?
I have not heard from rp in a while but I have not been available much. When I last emailed her, she was busy and enjoying her new home and job. The new show IIRC was in the afternoon (3-6 I think?)
Gee, if they wanted our business they should have said so.
"Deliver the best products and services to our customers". Period.
Donde esta la cerveza?
I actually like the job. LOL, gives me time to think. No stress. I am glad she is doing well. I really miss the Tony Snow Show and RP. NYC? I'll have to cruise the net and see. I hope she and you are doing well.
http://www.pepsico.com/PEP_Investors/CorporateGovernance/contact/contactForm/
PepsiCo Board of Directors
PepsiCo, Inc.
700 Anderson Hill Road
Purchase, NY 10577
(914) 253-2000
:-) I am glad that you are doing well.
Ping rp on FReepmail and see if she says hello :-)
En muy casa.
LOL!
I'll do it.
My Spanish is soooooooooooooo pobre. I hope they don't take over soon. LOL, I will be regulated to ordering beer and asking where the bathroom is. Two phrases, very good to know, BTW>
I can not believe that Pepsi, invented in my hometown of New Bern, NC (Brad's Drink originally) has resorted to hiring this left wing nut.
Thank you, zlala
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