Pepsico's Indra Nooyi joins Amazon's board of directors

Nooyi was Pepsico’s CEO from October 2006 to October 2018, where she also served as the chairman of its board of directors from May 2007 to February 2019. She was elected to Pepsico’s board of directors and became its president and chief financial officer in 2001, and held leadership roles in finance, corporate strategy and development, and strategic planning after joining Pepsico in 1994, according to US media reports. Nooyi has also served as a director of Schlumberger Limited since April 2015.

“We’re thrilled to have elected two new members to our board of directors. Welcome, Roz Brewer and Indra Nooyi. In connection with her election, Nooyi was granted a restricted stock unit award under the Company’s 1997 Stock Incentive Plan for 549 shares of common stock of the Company, to vest in three equal annual installments beginning on May 15, 2020, assuming continued service as a director,” said Amazon.com, INC while filing Form 8-K with Unites States Securities and Exchange Commission.

In May of last year, Amazon adopted a shareholder proposal to apply the ‘Rooney Rule’ — the National Football League policy that requires teams to consider minority candidates for coaching and operations-level roles — to its board of directors. Amazon said the move formalised a process that was already in place. (PC)

ALCHEMPro News Desk – India