Search the Internet          Tips  Sites: Finance, Investment

Indra Nooyi on PepsiCo board

BS Corporate Bureau

India-born Indra Nooyi, chief financial officer of US food and beverage giant PepsiCo Inc, has been inducted as a director on the board of the company besides formally being elected as its first lady president.

Forty-five-year-old Nooyi will be working with the company's new chairman and chief executive officer, Steve Reinemund, who has succeeded Roger A Enrico. Enrico has been named the new vice-chairman till 2002-end. These decisions came through at PepsiCo's board meeting on May 2 in Purchase, New York, according to a release.

Nooyi was senior vice-president and CFO for PepsiCo, responsible for corporate strategy, treasury, tax, control audit, global mergers and acquisitions, information technology and purchasing.

Prior to assuming her current position in February 2000, she was senior vice-president, corporate strategy and development, overseeing PepsiCo's worldwide corporate strategy and merger, acquisition and divestiture functions.

She also played a key role in the company's strategic restructuring. As CFO, she worked closely with outgoing chairman Enrico in key decisions such as selling the restaurant businesses, hiving off the bottling operations, acquiring Tropicana fruit juice from Seagram and the most recent merger of Quaker Oats Company with PepsiCo.

The Quaker Oats merger scheme, which received shareholder approval on May 2, has been described as a feather in the cap for Pepsi and the credit for the merger has been duly given to Nooyi.

Nooyi, who was born in India, holds a BS degree from Madras Christian College, Chennai, and an MBA from the Indian Institute of Management in Calcutta. Besides, she has a Masters in public and private management from Yale University.

Powered by

YOU MAY ALSO WANT TO READ:
The Rediff-Business Standard Special
The Budget 2001-2002 Special
Money
Business News

Tell us what you think of this report