PepsiCo CEO Indra Nooyi announced her resignation on Monday, 6 August. She will be succeeded by company president Ramon Laguarta, effective from 3 October.

Nooyi, 64, has been with PepsiCo for 24 years and has held the top job for 12 years now – an exceedingly rare feat for a woman helming a company as big as PepsiCo.