She also led the acquisition of Tropicana and merger with Quaker Oats, bringing the Quaker and Gatorade businesses to PepsiCo, as well as the acquisition of Wimm-Bill-Dann, the largest global acquisition in PepsiCo's history.
Long-serving PepsiCo CEO Indra Nooyi made a decision to step down from her position on Monday.
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Commerce Department reported today that the American trade deficit climbed to $46.3 billion in June from $43.2 billion in May. The result is that both China and the United States are now using government funds to stimulate areas of the economy.
Nooyi has worked with the company for 24 years, spending the last 12 years as its CEO. "Laguarta was also elected to the company's Board of Directors, effective October 3rd".
He noted that, under Nooyi, PepsiCo expanded its portfolio of "Good for You" and "Better for You" options from about 38 per cent of revenue in 2006 to about 50 per cent in 2017, while simultaneously nearly tripling the company's investments in research and development to expand more nutritious offerings and minimize its environmental impact. "This company has been my life for almost a quarter century and part of my heart will always remain here", Nooyi said in a prepared statement.
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Laguarta, a 22-year veteran of the company, has been president since September, overseeing global operations, corporate strategy, public policy and government affairs. "PepsiCo today is in a strong position for continued growth with its brightest days still ahead".
She said the shift toward healthier products required totally realigning the company's "innovation, marketing, execution and budgets" - and then changing the company's culture. Net revenue growth rose from $35 billion in 2006 to $63.5 billion in 2017, a CAGR of 5.5%. Dividends per share almost tripled from $1.16 in 2006 to $3.17 in 2017, a compound annual growth rate of almost 10%. In recent years, she resisted call by an activist investor to spin off PepsiCo's beverage business, which has struggled in North America, from its better-performing Frito-Lay snacks business. "Her leadership and vision propelled our performance, transformed our company and embedded sustainability into everything we do", PepsiCo said.
China frustrates USA efforts to end Iran's oil exports
In return, United Nations-approved sanctions were lifted, and Iran was allowed to resume trading oil and gas on the global market. If the US wants negotiations, it should stop pressures and sanctions, Qasemi was quoted as saying by official IRNA news agency.