Donald Heupel/Reuters
- Amazon has appointed Indra Nooyi, former CEO of PepsiCo, to its board.
- Nooyi was given 549 shares of common Amazon stock that will vest in equal annual installments starting on May 15, 2020.
(Reuters) – Amazon said on Monday it named former PepsiCo Chief Executive Officer Indra Nooyi as a director of the company and appointed her to the audit committee of the board.
Nooyi served as CEO of PepsiCo from October 2006 to October 2018.
"Ms. Nooyi was the Chief Executive Officer of PepsiCo, Inc. from October 2006 to October 2018, where she also served as the Chairman of its board of directors from May 2007 to February 2019," Amazon wrote in an 8-K SEC filing announcing the appointment. "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. Ms. Nooyi has served as a director of Schlumberger Limited since April 2015.
"In connection with her election, Ms. 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," Amazon said in the filing.
(Reporting by Akanksha Rana in Bengaluru)
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Source: Business Insider –