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Thursday, August 17, 2006

Pepsi woman to become CEO

Read recently that PepsiCo has named its current CFO, Indra Nooyi, to be its next CEO. She will the company's firm woman-CEO. It's a big achievement for Indra Nooyi as well as women in general. From what I read about her, she has been a very good CFO and supposedly was responsible for shifting PepsiCo's focus on healthy products which is what most consumers want these days. She's a Yale graduate More about Indra Nooyi

PepsiCo seems to be quite an employee and shareholder friendly firm. From an employee's perspective, it's remarkable that the firm promoted a woman candidate to be its CEO. From shareholders' perspective also, the company has been very good in my view. The company allows ordinary investors to buy its stock directly via its Dividend Reinvestment Plan. I found the fee/commissions for its DRP very reasonable compared to those for other companies. However, the main drawback I have found with its DRP is that you must be an existing shareholder and have 5 shares of PepsiCo registered in your name. So basically, at least initially, you need to buy shares from else where - which in my view, unnecessarily complicates things for small investors. Not sure why the firm does not allow a non-shareholder to buy shares from it directly like many other firms do such as ExxonMobil. Oh well - at least once you have 5 shares and are interested in its DRP, PepsiCo does allow you to purchase additional shares at no cost and with low minimum purchase amounts which is very good. More information is available through Pepsico's Web site:

Pepsico's DRP Plan Info

posted by Ruby @ 5:29 AM

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