Word: reinemund
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NAMED. Indra Nooyi, 50, chief financial officer of soft-drink giant PepsiCo; as the company's chief executive, making her one of just 11 women to head FORTUNE 500 companies; in New York. The Indian-born, straight-talking Nooyi will succeed Steven Reinemund in October. With Nooyi at the helm, PepsiCo will be the largest U.S. company, by market value, to be led by a woman. "Being a woman, being foreign-born, you've got to be smarter than anyone else," Nooyi said last week...
...Motorola and Asea Brown Boveri. A native of Madras, India, Nooyi came to the U.S. to attend business school at Yale. (She now sits on the university's board of trustees.) The one gap in her resume is operations--that's an area in which PepsiCo CEO Steve Reinemund excels. Since the pair took over the company's leadership in May 2001, PepsiCo's profits have jumped 24%. Nooyi's next gig will most probably find her running a PepsiCo unit on her own, a sign that the Iron Woman is getting ready for her solo. --By Jyoti Thottam
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