PURCHASE, N.Y. -- The longtime PepsiCo CEO Indra Nooyi is stepping down.
The company said Monday that she'll be succeeded by seasoned PepsiCo executive Ramon Laguarta.
Nooyi, 64, has been with PepsiCo Inc. for 24 years and has held the top job for 12. That is an exceptional feat for anyone at a company the size of PepsiCo, and exceedingly rare for a woman.
Nooyi will remain as chairman until early next year.
The 54-year-old Laguarta has held various positions in his 22 years at PepsiCo, which is based in Purchase, New York. He currently serves as president, overseeing global operations, corporate strategy, public policy and government affairs. He previously served as CEO of the Europe Sub-Saharan Africa region.
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Nooyi's retirement winnows further the already small number of women running Fortune 500 companies. Of the 339 CEOs that have held the top job at a Fortune 500 company for at least two years, only 17 were women.
Following is a list of those who remain:
- Ventas Inc. - Debra A. Cafaro
- General Motors Co. -- Mary T. Barra
- General Dynamics Corp. - Phebe N. Nivakovic
- Duke Energy Corp. -- Lynn J. Good
- Lockheed Martin Corp. -- Marilyn A. Hewson
- IBM Corp. -- Virginia M. Rometty
- Hewlett Packard Enterprise Co. -- Margaret C. Whitman
- Synchrony Financial -- Margaret M. Keane
- Mylan -- Heather Bresch
- Sempra Energy -- Debra L. Reed
- Ross Stores Inc. -- Barbara Rentler
- Advanced Micro Devices Inc. -- Lisa T. Su
- KeyCorp -- Beth E. Mooney
- Ulta Beauty Inc. -- Mary N. Dillon
- Alliant Energy Corp. -- Patricia L. Kampling
- American Water Works Co. --Susan N. Story
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