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PepsiCo CEO Indra Nooyi, one of the most prominent women to lead a Fortune 500 company, will step down on October 3.

She will remain as chairwoman of the board of directors until early 2019. Nooyi, 62, will be replaced by Pepsi’s (PEP) global operations chief Ramon Laguarta, 54.

Nooyi, who was born in India, is one of a handful of people of color to lead a Fortune 500 company.

She helped turn Pepsi into one of the most successful food and beverage companies in the world. Sales grew 80% during her 12-year tenure. She spearheaded Pepsi’s transition to a greener, more environmentally aware company.

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The number of female Fortune 500 CEOs is shrinking

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Click link below for article:

https://money.cnn.com/2018/08/06/news/companies/indra-nooyi-pepsico/index.html

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