Indra Nooyi, PepsiCo Chairman and Chief Executive Officer who has been speculated to be among the possible candidates to succeed Ratan Tata as Chairman of the Tata Group, has ruled herself out of the race by remarking that she likes to stay in her present job.
The Chennai-born chief of the world’s leading company in convenient snacks, foods and beverages was however all praise for the Tata Group.
From in.news.yahoo.com:
Earlier this month, the Tata Group had announced that a successor to the charismatic Ratan Tata would be in place by February-March next year. It formed a a five-member search panel that includes Tata Sons Vice-Chairman NA Soonawala, senior group directors R K Krishnakumar and Cyrus Mistry, group adviser and lawyer Shirin Bharucha and influential British businessman Lord Bhattacharya. Set to retire by end-2012, when he turns 75, Tata is responsible for turning the group global after he took over as Chairman of the USD 71 billion conglomerate in 1991 from J R D Tata.
Although the group is more than a century-old — founded by Jamsetji Tata in 1868 when he set up a private trading firm — it was only in 2006 that it earned major global recognition when Ratan Tata spearheaded the buyout of Anglo-Dutch steel maker Corus for about USD 12 billion. Tata followed this up with another big ticket purchase of iconic British luxury car marque Jaguar Land Rover from Ford in 2008 for USD 2.3 billion.
Nooyi told PTI when asked about the speculation that Ratan Tata is an unbelievable person and she loves her job.
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