Pepsico unveils change of leader

Long-time Pep si Co chief executive Indra Nooyi will step down as the top executive at the world’ s sec on d-largest food and beverage company.

Nooyi, who was born in India, is a rarity on Wall Street as a woman and a minority leading a Fortune 100 company. She has been with Pepsico for 24 years and has held the top job for 12. Ra mon Laguar ta will take over as chief executive in October.