Nooyi most powerful women in US business

Tuesday, September 30, 2008 at 10:09 am under Indian Stock Market Nooyi most powerful women in US business

For the third year in a row, India-born Indra Nooyi, Chief Executive of Pepsico, has been named as the most powerful women in the US business in the annual list prepared by American publication Fortune.

In the 11th annual list of 50 most powerful women in business, Nooyi is followed by food maker Kraft Foods’ Chief Executive and Chairman Irene Rosenfeld and leading grain processor Archer Daniels Midland’s Chief Executive Pat Woertz, at the second and third positions, respectively.

Writing on 52-year-old Nooyi, who is also the Chairman of snacks and beverages major Pepsico, the magazine said that Chennai-Born Nooyi has moved swiftly to offset slowing beverages sales in North America by expanding the international business, which accounts for about 26 per cent of the company’s revenues.

“She is also pushing healthier products like orange juice with omega-3 fatty acids. In a tough market, the stock is flat vs a year ago,” it added.

Other names in the top ten include Xerox’s CEO Anne Mulcahy (4th), Well Point’s CEO Angela Braly (5th), Avon Products’ CEO Andrea Jung (6th), President of Procter & Gambles’ Global Business Units Susan Arnold (7th), Harpo’s chairman Oprah Winfrey (8th), Sara Lee’s chairman and CEO Brenda Barnes (9th) and Xerox’s President Ursula Burns (10th). In the previous list, Rosenfeld was ranked at the fifth place while Woertz was placed at the sixth spot.

On 55-year-old Rosenfeld, Fortune noted that she is plowing money into brand building, empowering local managers in developing countries, and launching more ready-to-eat fare such as heat-and-serve Deli Creations flatbread sandwiches.

“This year the stock, which has remained relatively flat, replaced AIG on the Dow, and Warren Buffett recently upped his stake to nine per cent,” the report said.

(Agencies)

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