The company is offering a new drink called Bubly.
PepsiCo CEO and Chairman Indra Nooyi will relinquish her post, the beverage and snack giant said Monday.
Nooyi, who spent the last 12 of her 24 years with the company in the top job, will be succeeded as CEO by PepsiCo’s president, Ramon Laguarta. He will become the global giant’s sixth CEO.
Nooyi will leave executive leadership in October and step down as chairman in early 2019, the company said.
“Leading PepsiCo has truly been the honor of my lifetime, and I’m incredibly proud of all we have done over the past 12 years to advance the interests not only of shareholders, but all our stakeholders in the communities we serve,” Nooyi said in a statement.
Her tenure has been defined by responding to a shift in consumer preferences for food and drinks.
Like its archrival Coca-Cola, PepsiCo has strained to keep sales humming in recent years as consumers increasingly shy away from sugary beverages and packaged foods.
In addition to its namesake Pepsi soda brand, the company’s products include Mountain Dew soda, Gatorade energy drinks, Lay’s potato chips and Quaker outmeal.
Under Nooyi’s leadership, the company has acquired or launched a wide variety of products designed to appeal to customers seeking more natural ingredients.
Products the company considers “good for you” or “better for you” now make up 50 percent of the company’s business, up from 38 percent in 2006.
PepsiCo shares rose slightly in pre-market trading Monday.
Follow USA TODAY reporter Nathan Bomey on Twitter @NathanBomey.
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