Indra Nooyi appointed CEO of PepsiCo International
New Delhi: Ms Indra Nooyi will become the chief executive officer at PepsiCo International later this year and is slated to be one of the most powerful women in corporate America.

Over the past several years as president, CFO and director on the company's board, she has forged several changes that had already earned her the reputation of a doer, who has moved from strength to strength in the restructuring of the company. The $33-billion PepsiCo has transitioned from an aerated beverages company to an integrated food major under her.

Apart from this under her PepsiCo has undertaken other growth strategies, including divesting the company's restaurants into the successful YUM! Brands, Inc, the spin-off and public offering of company-owned bottling operations into anchor bottler Pepsi Bottling Group (PBG), and the merger with Quaker Oats that brought the vital Quaker and Gatorade businesses to PepsiCo.
Acquiring Tropicana brand too has been part of her accomplishments.

Nooyi completed her bachelor's degree at Madras Christian College and received a Masters in business administration at the Indian Institute of Management. At the age of 23, she went to the US to attend Yale University, where she completed a Masters in public and private management. She then joined Boston Consulting followed by Motorola, where she became the director of corporate strategy and planning. She joined PepsiCo in 1994.
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HSBC CEO Kidwai may have to resign from Nestle board
Mumbai: Naina Lal Kidwai, appointed CEO of HSBC India in May, may have to step down as a director from the board of Nestle SA, following an RBI directive to the bank that she cannot continue to hold both the posts.

RBI's directive could be due to the fact that Nestle SA has an Indian subsidiary and Kidwai, being on the board of Nestle SA, could give rise to conflict of interests, if the bank were to lend to Nestle or its Indian subsidiary.

A RBI spokesperson refused to comment on the matter. However, the banking industry sources aver that the apex bank has taken this step in the interest of maintaining highest standards of corporate governance.

Kidwai, who took over from Niall Booker as CEO on May 5 this year, was appointed director on Nestle SA's Board in April, a month before being appointed the CEO of HSBC India.
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Rowling enters Forbes's Top 10 rich list
London: J K Rowling has been placed ninth in the Forbes' magazine latest list of top 10 celebrity earners for '05, the only non-American to make it to the prestigious list.

According to the magazine, the massive revenue generated by the author's Harry Potter series saw the author earn £41m last year.

Rowling is estimated to be worth more than £500m and is expected to see more profits with the final Harry Potter book yet to be published and at least three more films of the books to be made.

Taking the top slot on the list was Steven Spielberg, the director, who earned £180 million last year, partly due to the sale of his DreamWorks studio.
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