Summary
PepsiCo, Inc. (PEP) has filed an 8-K detailing a significant leadership transition. Effective February 1, 2019, Indra K. Nooyi will retire as Chairman of the Board, concluding her long tenure with the company. Ms. Nooyi will continue to serve as Chairman until this date, as previously agreed upon in August 2018.
Key Highlights
- 1Indra K. Nooyi to retire as Chairman of the Board of Directors effective February 1, 2019.
- 2Ramon Laguarta, current CEO and Board member, elected as the new Chairman of the Board, effective February 1, 2019.
- 3This marks a planned leadership transition following Ms. Nooyi's continued service as Chairman beyond her CEO tenure.
Frequently Asked Questions
Ramon Laguarta, who is currently the Chief Executive Officer and a member of the Board, has been elected to serve as the Chairman of the Board.
The change in leadership, with Ramon Laguarta assuming the role of Chairman, is effective February 1, 2019.
Indra K. Nooyi was serving as the Chairman of PepsiCo's Board of Directors and will continue in this role until her retirement on February 1, 2019.