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 ...
:-) Tell her that we miss her and hope that she is doing well
LOL
Leftist, Indian, Female CEO. A totally politically correct hire. Time for me to boycott Pepsi.
Makes me wonder how they could have wandered so far away from their base?
Will do!
hey! There are conservative Indian females who are fantastic to work with. We care not for anything other than holding her and Pepsi answerable for her remarks.
I know it was invented a long time ago in a different era, I just wonder why it did not stay in NC. I will have to google.
Dear BOD:
I have been a consumer of Pepsi products as long as I can remember. Indeed, my grandfather bought Pepsi stock in the post-depression era which was subsequently willed to my parents. However, that came to an end today when you announced the appointment of Indra K. Nooyi as your new CEO. I have read her speech where she referred to the US as the "middle finger" of a world-wide hand. While she says elsewhere that the US is her adopted country, her views of the US are so diametrically opposed to mine that I cannot believe that her allegiance lies with the US. Despite her public statement, you still appointed her to such a position of responsibility in your company, which makes you appear to support what she says, as well.
While my actions won't have much impact, I am urging my students (I teach at a Big-10 university) to boycott your products and I am urging the fund managers at TIAA-CREF, the worldwide University Professors retirement fund company, to rid itself of Pepsico stock. I also intend to post this letter on Free Republic in the hope that others do the same.
Do you, or any FR lurker, have a list of all of Pepsi's products? I'd like to make sure that I boycott them all. I also think they have ties to a couple of fast food restaurants.
In addition, when I order pizza delivery I always order a 2 ltr. If they carry Pepsi, I cancel my order and let them know why. So far, I have convinced one pizza place to switch to Faygo!
X
Thanks, I just asked for that link. If only I had been patient for 2 more posts!
I would be interested to learn what you find out, if you don't mind sharing.
Not all Texans drink the hard stuff! ; ) Dr. Pepper was 'invented' by a druggist in Waco.
Safeways used to be in Texas. I shopped in one in Canada years ago.
another reason NOT to drink pepsi, but, I do not like soda anyhow. just on rare occasions.
Pepsico Head gives America the Finger
Great way to get these stories out to mainstream America.
OK never lived there either. Has to be Ohio, I remember the jingle. LOL
Pepsi tastes like what I imagine dish detergent would taste like...or, something I do know, ivory soap, my Mom scubbed my tongue on more than one occasion.
it does amaze me, who these companies choose to promote sometimes.
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