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>> Corporate America is losing something that was already rare to find, a female CEO running a top global company. Indra Nooyi, who for 12 years led PepsiCo, one of the biggest consumer brands in the word, is stepping down. Reuters Breakingviews editor Rob Cox.>> She has been one of the longest serving executives of a major Fortune 100 company that we've seen in quite a long time.
She's also Indian born, she was born in Chinai, she's also a woman. I mean so in many respects she was quite different from the usual run of the mill CEO that you see at most of the major companies in the United States.>> As one of only about two dozen women running an SNP 500 company, Nooyi has had an impressive run.
She successfully fought off activist shareholder Nelson Peltz attempt to force a breakup of the $166 billion snacks and drinks conglomerate. And she's credited with transforming Pepsi away from its reliance on soft drinks after soda came under assault for contributing to expanding waist lines around the world. But her efforts to diversify beyond soda still lags behind arch rival Coca-Cola.
>> Coke's soft drinks business is just more profitable. Now that may be scale but it may also be just operations. So it may be this question that's going to linger for some time which is, why do you have this business? Why is it lower margin? And if you can get it up to the margins that Coke has, couldn't you actually get the valuation of the company up to something like Coke's?
>> And those are not the only questions her successor, Ramon Laguarta, has to answer. Top of the list, how does he plan to show up Pepsi's snack business, which include potato chips and Doritos, as consumers shift away from sugary and salty snacks in favor of healthier options. Laguarta won't have to figure things out alone, Nooyi will stay on as CEO until October and then stick around as chairman of the board.