(FILES): In this file photo taken on April 24, 2018, CEO of Pepsi Indra Nooyi looks on before a luncheon with French President Emmanuel Macron and US Vice President Mike Pence at the US State Department in Washington, DC. Pepsico announced Monday, August 6, 2018, that Indra Nooyi is stepping down as chief executive after 12 years at the helm of the US soft drinks and snacks giant. She will be replaced by President Ramon Laguarta on October 3, but will remain as chairman of the board until early 2019 to oversee the transition. / AFP PHOTO / Andrew CABALLERO-REYNOLDS