<p class="bodytext">PepsiCo Inc said on Monday Indra Nooyi would step down as chief executive officer after 12 years at the helm and named President Ramon Laguarta as her replacement.</p>.<p class="bodytext">Laguarta will take over from Nooyi on October 3 and will also join the board, the company said in a statement.</p>.<p class="bodytext">Nooyi, 62, who has been with the company for 24 years, will continue as chairman of the board until early 2019.</p>.<p class="bodytext">Laguarta, a 22-year veteran of PepsiCo, oversaw global operations, corporate strategy, public policy and government affairs in his role as president.</p>.<p class="bodytext">He also served as CEO of the company's Europe Sub-Saharan Africa division before becoming president.</p>.<p class="bodytext">The company's shares have gained 78% since Nooyi took the top job in 2006.</p>
<p class="bodytext">PepsiCo Inc said on Monday Indra Nooyi would step down as chief executive officer after 12 years at the helm and named President Ramon Laguarta as her replacement.</p>.<p class="bodytext">Laguarta will take over from Nooyi on October 3 and will also join the board, the company said in a statement.</p>.<p class="bodytext">Nooyi, 62, who has been with the company for 24 years, will continue as chairman of the board until early 2019.</p>.<p class="bodytext">Laguarta, a 22-year veteran of PepsiCo, oversaw global operations, corporate strategy, public policy and government affairs in his role as president.</p>.<p class="bodytext">He also served as CEO of the company's Europe Sub-Saharan Africa division before becoming president.</p>.<p class="bodytext">The company's shares have gained 78% since Nooyi took the top job in 2006.</p>