PepsiCo names female (!), Indian Yalie as CEO

Colleges & Universities Yale University
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<p>She’ll join a tiny, elite group of women who’ve made it to the top of American business.</p>

<p>PepsiCo Names New Female Chief Executive </p>

<p>By JEREMY W. PETERS</p>

<p>Published: August 14, 2006</p>

<p>New York Times (Excerpt)</p>

<p>PepsiCo said today that it would promote its chief financial officer, Indra K. Nooyi, to chief executive, making her one of the most powerful woman in corporate America.</p>

<p>Ms. Nooyi, 50, the Yale-educated daughter of a middle-class Indian family, will succeed Steven S. Reinemund, 58, in October, the company said. Mr. Reinemund will stay with the company as executive chairman until May 2007, and then retire.</p>

<p>When she takes the reins at PepsiCo, one of the world’s largest food and beverage companies whose brands include Sierra Mist, Frito-Lay and Quaker Oats, Ms. Nooyi will join a tiny, elite group: women who have reached the pinnacle of American business. Of the Fortune 500 roster of the nation’s largest industrial companies, only 12 have chief executives who are women.</p>

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<p>Bachelor of Science degree from Madras Christian College in India, an M.B.A from the Indian Institute of Management and a Master’s in public and private management from Yale.</p>

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<p>She’s also on the Yale SOM board of directors and lives in Connecticut.</p>

<p><a href=“http://mba.yale.edu/advisors/board.shtml[/url]”>http://mba.yale.edu/advisors/board.shtml&lt;/a&gt;&lt;/p&gt;