Thursday, August 17, 2006

PepsiCo Inc. Names New Chief Executive

"PepsiCo Inc. said Monday that Chief Financial Officer Indra K. Nooyi will replace Steven Reinemund as chief executive officer of the world's second-largest soft-drink maker. Nooyi, 50, has been with the company since 1994 and has been CFO since 2001. She will be the fifth CEO in PepsiCo's 41-year history."

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