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Indra Nooyi Pepsico board
New Delhi: India-born Indra Nooyi, chief financial
officer of US food and beverage giant Pepsico Inc, has been inducted as a director on the
board of the company. She has also been formally elected as its first lady president.
Forty-five-year-old Nooyi will be working
with the company’s new chairman and chief executive officer, Steve Reinemund.
Reinemund succeeds Roger A Enrich who has been made vice-chairman till 2002-end.
Nooyi was senior vice-president and CFO for
Pepsico, responsible for corporate strategy, treasury, tax, control audit, global mergers
and acquisitions, information technology and purchasing.
Earlier, she was senior vice-president,
corporate strategy and development, overseeing Pepsico’s worldwide corporate strategy
and merger, acquisition and divestiture functions.
Nooyi played a key role in the company’s
strategic restructuring. As CFO, she worked closely with outgoing chairman Enrich in key
decisions such as selling the restaurant businesses, hiving off the bottling operations,
acquiring Tropicana fruit juice from Seagram and the most recent merger of Quaker Oats
Company with Pepsico.
The Quaker Oats merger scheme is seen as an
ace for Pepsi, and Nooyi duly accredited for it. Nooyi holds a BS degree from Madras
Christian College, Chennai, and an MBA from the Indian Institute of Management in Kolkata.
She also has a Masters in public and private management from Yale University.
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Salve on Enron
renegotiating panel
New Delhi: Solicitor general Harish Salve is likely to be
named the Centre’s representative on the high-power committee appointed by the
Maharashtra government to renegotiate the power purchase agreement (PPA) with the US
energy giant Enron-promoted Dabhol Power Company (DPC).
Salve’s name is said to have been
cleared by both ministries of finance and power.
The Maharashtra government has appointed a
negotiating committee headed by former bureaucrat Madhav Godbole.
Enron has made it conditional to have a
representative from the Centre before it agrees of a talk.
Salve would meet secretaries in the
ministries of finance, power and law to project the Centre’s stand on the crisis.
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