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Nooyi's Departure Is A Step Backwards For Gender Diversity In FMCG: Analysis

Published on Aug 7 2018 2:30 PM in Features tagged: Featured Post / PepsiCo / Indra Nooyi / Paywall / Women in the Workplace

Nooyi's Departure Is A Step Backwards For Gender Diversity In FMCG: Analysis

For all the talk about improved gender representation in big business, the consumer goods industry is once again returning to familiar territory, with male CEOs now leading almost all of the industry's biggest firms.

That list was added to earlier this week, when Indra Nooyi, the CEO of PepsiCo, announced that she would be stepping down in October, to be replaced by Ramón Laguarta, the company's president.

Nooyi, who has led Pepsi since 2006 and spent a total of 24 years with the company, had positive words to say about her successor, describing him as "exactly the right person to build on our success", with a "proven track record of growing businesses".

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