Indra Nooyi Leaves PepsiCo's New CEO At Least 3 Big Challenges
PepsiCo will soon have a new CEO. Ramon Laguarta will quickly face some big challenges at the beverage and snacks giant. Let the Apple iPhone rumors begin.
PepsiCo (PEP) CEO Ramon Laguarta will have to quickly hit the ground running.
The incoming replacement for CEO Indra Nooyi, who said Monday she will step aside on Oct. 3, must solve a host of challenges early on. Laguarta will have to decide whether to re-franchise the company's bottling operations and streamline the workforce. He must also find a way to ignite sales of diet soda, which has lost market share to rival Coca-Cola (KO) .
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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