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Fortune ranks Indra Nooyi third most powerful woman in business

PepsiCo Chief Executive Officer (CEO) Indra Nooyi has been ranked the third most powerful businesswoman by the Fortune magazine. She is the only India-origin woman on ‘The most powerful women in business 2014’ list topped by IBM Chairman and CEO Ginni Rometty and General Motors CEO Mary Barra.

Fortune said nearly half the women on list ran huge companies, a record. Nooyi, 58, dropped from the second position last year to the third. Fortune said her innovation push was bringing good results at PepsiCo, which had increased research and development spending by 25 per cent since 2011.

In 2013, of 50 bestselling new food and beverage products in the US, nine came from PepsiCo — Starbucks Iced Coffee, Muller Quaker Yogurt, and Mountain Dew Kickstart.

“In July the company raised its profit growth forecast for the year, which should help Nooyi counter calls by activist investor Nelson Peltz to break up the food and beverage giant,” the publication said.

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