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12 years

Pepsi’s Indra Nooyi ends 12-year run as company’s first female CEO

Indra Nooyi is stepping down as the chief executive officer of food and beverage giant PepsiCo Inc., handing the reins to a top lieutenant in a transition that will draw attention to the dearth of prominent female CEOs in corporate America. Nooyi, 62, will leave the role in October and remain chairman until early 2019. Ramon Laguarta, 54, who has been a candidate to take over since a promotion last year to the president, will be just the sixth CEO in the 53-year history of the company. Nooyi, who is from India, is the…