One of the longest-serving female CEOs is being replaced by a man


#TIA – There’s a lot of gender knashing going on about the Pepsico CEO who will be succeeded after long service by a man

“And then there were 24.

PepsiCo has announced that Indra Nooyi—one of the exceedingly few women who lead S&P 500 companies—will step down as CEO later this year, after 12 years at the helm. She will be replaced by Ramon Laguarta, a 22-year veteran of the company.

Nooyi, who has spoken candidly about her life as a working mother, may have been stoic over the years in saying that women can’t have it all—but she’s had far more of it than most. When she moves on in October, she’ll have handily surpassed the average tenure (7.2 years) of S&P 500 CEOs. (The median is just five years.)”

Read more at Quartz