CFO Indra Nooyi to succeed Steve Reinemund at PepsiCo - first woman CEO
Aug. 14, 2006

CFO Indra Nooyi to succeed Steve Reinemund, putting her among the leading women in corporate America.

Soft drink and snack company PepsiCo Inc. announced Monday that chief financial officer Indra Nooyi will take over from Chairman and CEO Steve Reinemund this October. She becomes the first woman to hold the post and enters the list of leading women in corporate America.

Reinemund, who has seen PepsiCo (Charts) pass rival Coca-Cola (Charts) in terms of market capitalization in December for the first time in its history, will remain as chairman of the company until his retirement.

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