PepsiCo Chief Executive Officer and Chairman Indra Nooyi is the only Indian origin woman in Fortune's '51 Most Powerful Women' list that is topped by Mary Barra, CEO and chairman, General Motors. Nooyi was ranked second on the list, same as 2015. In 2014, she was ranked third. The list comprises 22 CEOs of major companies and many more corner office contenders across industries.
The 2016 list has nine newcomers and one return candidate. On Nooyi, who is now in her 10th year as CEO, Fortune said she "shows no signs of slowing down". Over the last 12 months, PepsiCo's market capitalisation increased 18 per cent to $155 billion, even as international volatility hit 2015 earnings. PepsiCo's 2015 sales dropped 5 per cent, while its profits declined 13 per cent.
"Investors seem to have faith that Nooyi's push towards healthier food and drink offerings will pay off, and they like the $63 billion company's $3 billion cost cut over the past three years too," Fortune said adding that some think more acquisitions in the health space may come soon, as Nooyi further diversifies out of the declining soda category.
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