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Pepsi replaces chief executive By Daniel Pimlott in New York Published: August 14 2006 13:31 | Last updated: August 14 2006 13:31 PepsiCo announced that Indra Nooyi will replace Steve Reinemund as chief executive in October, making her one of the most powerful women in American business. Madras-born Ms Nooyi, 50, who is currently chief financial officer at the fizzy drinks-to-snacks producer, will take over on October 1 this year. With her promotion PepsiCo becomes the largest company in the US by market capitalisation to be headed by a woman. Kraft Foods, whose new chief executive Irene Rosenfeld joined from PepsiCo's Frito-Lay snack food division six weeks ago, is the second largest. -- DEV BOREM KORUM. Gabe Menezes. London, England _______________________________________________ Goanet mailing list Goanet@lists.goanet.org http://lists.goanet.org/listinfo.cgi/goanet-goanet.org
