News

Amazon adds former PepsiCo CEO Indra Nooyi on board

FILE PHOTO CEO of PepsiCo Indra Nooyi speaks at Bloomberg Global Business Forum in New York City, united states, September 20, 2017. REUTERS/Brendan McDermid

(Reuters) – Amazon.com Inc said on Monday appointed former PepsiCo Inc. Chief Executive Officer Indra Nooyi as a director, making her the second woman to be mentioned in the e-commerce giant’s board this month.

Earlier this month, the company named Starbucks Corp.’s Chief Operating Officer, Rosalind Brewer as director, the second black woman to serve on the board of directors.

Amazon’s eleven-member board of directors now has five women, including Nooyi, Brouwer, Jamie Gorelick, Judith McGrath, and Patricia Stonesifer.

The company last year said that women and minorities are under the board of the nominees as part of a new policy to increase diversity in the council.

Nooyi, who will be part of the audit committee of Amazon’s board of directors, stepped down as CEO of PepsiCo in October 2018, and as chairman of the beverage-and-snack-maker earlier this year. (a little bit.ly/2H0ohDf)

She was granted 549 ordinary shares of the company, which will vest in three equal annual installments beginning on May 15, 2020. The shares of the company closed at $1,633 on Monday.

Reporting by Akanksha Rana in Bengaluru; Editing by Sriraj Kalluvila

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.

Most popular