MAM
Indra Nooyi steps down as PepsiCo boss after 12 years
MUMBAI: Indian origin Indra Nooyi has decided to step down from American multinational food, snack, and beverage company PepsiCo after heading it for 12 years.
She is currently serving her notice period and will leave the position on October 3. Nooyi will however remain Pepsico’s chairman until early 2019.
Recently elevated PepsiCo president Ramon Laguarta will fill in Nooyi’s shoes to be the new CEO. Laguarta has been with the corporation for over 22 years.
In a statement issued by the company, Nooyi said, “Growing up in India, I never imagined I’d have the opportunity to lead such an extraordinary company. Guided by our philosophy of Performance with Purpose — delivering sustained performance while making more nutritious products, limiting our environmental footprint and lifting up all the communities we serve — we’ve made a more meaningful impact in people’s lives than I ever dreamed possible. PepsiCo today is in a strong position for continued growth with its brightest days still ahead.”
Nooyi joined PepsiCo in 1994 as senior vice president of strategic planning and has since donned many hats at the company.
A Yale University alumni, she shattered the glass ceiling by becoming PepsiCo’s first female CEO.
Brands
Emami names Dhruv Aggarwal as chief growth officer
Former Bain partner steps in as FMCG firm sharpens growth playbook
MUMBAI: Emami Limited has appointed Dhruv Aggarwal as its chief growth officer, effective 25 March 2026, following the resignation of Giriraj Bagri.
Aggarwal joins the FMCG major from Bain & Company, where he most recently served as partner. With over two decades of experience across consulting and strategy, he brings a global perspective shaped by work across India, the US, the UK and Germany.
During his tenure at Bain, Aggarwal advised consumer, retail and media companies on large-scale transformations, business turnarounds and growth strategies. He was also closely involved with India’s startup ecosystem, guiding early-stage ventures on scaling and digital expansion, while supporting private equity and venture capital firms on investment decisions.
His earlier stints include a brief role at Barclays Capital and operational experience at Jindal Power, giving him a mix of financial and industry exposure.
Academically, Aggarwal holds an MBA from Indian Institute of Management Bangalore and has also been associated with University of Illinois Urbana-Champaign as a PhD candidate and teaching assistant.
The appointment comes at a time when Emami Limited is looking to sharpen its growth strategy in a competitive consumer market. With a seasoned strategist now at the helm of growth, the company appears set to double down on transformation and expansion in the months ahead.
