Posted on 08/15/2006 4:24:11 AM PDT by saveliberty
Pepsico Inc. Chief Financial Officer Indra K. Nooyi will replace Steven Reinemund as chief executive, the Pepsi-Cola and snacks company said yesterday, making her the No. 2-ranked female CEO in the Fortune 500.
With her Oct. 1 appointment, Mrs. Nooyi takes her place in an elite group of 11 female CEOs running Fortune 500 companies. Patricia Woertz at agricultural processor Archer Daniels Midland Co. ranks first. ADM is ranked 56th in the Fortune 500, while Pepsico, the world's second-largest soft-drink company after Coca-Cola Co., is ranked 61st.
"I'm very excited and at the same time very humbled," she told analysts during a conference call yesterday morning.
Mrs. Nooyi said she felt fortunate to be taking over at a time when Pepsico was in such a strong position, with solid growth across all its business units. She and Mr. Reinemund have worked closely over the last five years, and Mrs. Nooyi described their relationship as one in which they complete each other's sentences.
"Indra Nooyi is truly a star and has been working side by side with Mr. Reinemund over the past several years," Citigroup analyst Bonnie Herzog wrote. "She has been very involved with every major decision Pepsico has made over the past five-plus years, and therefore, we expect this transition to be very smooth."
(Excerpt) Read more at washingtontimes.com ...
http://www.powerlineblog.com/archives/010478.php
Coke it's the "real thing".
Pepsi alert. I don't know if you remember the speech that Indra Nooyi gave about the US being the middle finger, but somehow Pepsi decided to promote her.
The link to the objectionable material is below.
You can say that again
Coffee is our friend too :-)
Hey, S/L, good to see you again.
Yep.........no more Pepsi, and I've been a drinker for years.
:-)
I completely quit drinking Pepsi products becaus of her. Im suprised at how often I think of it when I go to the drink box at the store.
Hiya, Loud Mime! Good to see you too!
MMMMMMM my favorite. Diet coke with lime. Pepsi sucks anyway. Too sweet.
Incredible. Absolutely incredible. The world truly is insane.
:-) She is free to make herself and Pepsi look bad.
Hiya Def! Go ahead and finish it off. Pepsi already has been paid, just don't buy it in the future. Maybe you would like to write to Pepsi how you are upset by her commentary?
:-)
Coke has always been my drink - or Dr. Pepper, the state drink of Texas.
Diet Cherry Coke.
BTW Your tag line ????
I was raised in an all Asian/Black family and I am conservative plus pasty white and blue eyed so I guess I would have a tag line to damn long....
I'll stick to tag line as is.
Snapple - which was once the official drink of the EIB network.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.