After 12 years at the helm, Indra Nooyi to step down as PepsiCo CEO

Agencies

August 6, 2018

PepsiCo Inc on Monday said Indra Nooyi would step down as Chief Executive Officer (CEO) after 12 years at the helm, and named president Ramon Laguarta as her replacement.

Mr. Laguarta will take over from Ms. Nooyi on October 3 and will also join the board, the company said in a statement.

Ms. Nooyi, 62, who has been with the company for 24 years, will continue as chairman of the board until early 2019.

Mr. Laguarta, a 22-year veteran of PepsiCo, oversaw global operations, corporate strategy, public policy and government affairs in his role as president.

He also served as CEO of the company's Europe Sub-Saharan Africa division before becoming president.

The company's shares have gained 78 per cent since Ms. Nooyi took the top job in 2006.

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‘Profit’ trap: Mangaluru trader duped of ₹33.1 lakh in online App scam

News Network

December 7,2025

Mangaluru, Dec 7: A 34-year-old fruit and vegetable trader in Mangaluru has reportedly lost ₹33.1 lakh after falling victim to an online investment scam run through a fake mobile app.

Police said the scam began in September, when the victim received a link on Facebook. Clicking it connected him to a WhatsApp number, where an unidentified person introduced a high-return investment scheme and instructed him to download an app.

To build trust, the fraudster asked him to invest ₹30,000 on September 24. The trader soon received ₹34,000 as “profit,” convincing him the scheme was genuine. Over the next two months, he transferred money in multiple instalments via Google Pay and IMPS to different scanner codes and bank accounts shared by the scammers. Between September 24 and December 3, he ended up sending a total of ₹33.1 lakh.

When he later requested a refund of his investment and promised returns, the scammers demanded additional payments, claiming he needed to pay a “service tax” first. Even after he paid a small amount, no money was returned, and the scammers continued pressuring him for more.

A case has been registered at the CEN Crime Police Station.

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