recently made known YORK -- PepsiCo...

recently made known YORK -- PepsiCo Inc. Monday named Chief Financial Officer Indra K Nooyi, 50 to replace Steven Reinemund as chief executive officer of the world's second-largest soft-drink maker.

PepsiCo Inc. is the largest U company by dint of stock market value to be scamper by a woman.

The changeover will take place Oct 1 Reinemund said in a statement he is retiring to bestow more time with his family, if it were not that the announcement was not calculate uponed on Wall Street.

"While we are surprised according to this move, PepsiCo's deep bench gives us confidence that the tough momentum the company has delivered should continue," Morgan Stanley analyst William Pecoriello wrote

Reinemund, 58 will continue as chairman until his retirement in May 2007 He has worked for Purchase, N.Y.-based PepsiCo for 22 years, serving as chairman and CEO for five.

Nooyi joined Pepsi in 1994 and has been CFO since 2001

She had a primary part in projects such as the spinoff of its bottling operations, its acquisition of Tropicana, and the purchase of Quaker Oats.

"Indra has had a excessively keen eye on what's going in succession in every layer of the business, and she demises a lot of confidence in her ability to drive the company," said Christopher Meeker an analyst with Farr Miller & Washington, which grasps PepsiCo shares among $500 million in assets. "Indra has been Steve's right-hand woman for years. There is a high flush of comfort with her."

Pepsi reported a 14 percent rise in profit for the secondary quarter, and analysts predicted further expansion Profit for the quarter expirationed June 17 grew to $136 billion, or 80 cent by means of share, while revenue climbed 12 percent to $86 billion.

Nooyi's CFO responsibilities will be divided between PepsiCo International CFO Richard Goodman and Senior Vice President Hugh F Johnston.

Nooyi started with the company 12 years ago as a senior vice president of strategic planning and unravelling

FEMALE HEADS OF MAJOR rations COMPANIES

Indra Nooyi is the latest in an unprecedent string of females named lately to the top jobs in bread companies, traditionally a female-friendly sector of the economy. Among the late hires:

Patricia A. Woertz Archer-Daniels-Midland; annual incomes $36.6 billion

Irene Rosenfeld Kraft; annual income $34.1 billion

Brenda C Barnes, Sara Lee; annual return $15.9 billion

Kerri B Anderson (interim CEO) Wendy's International; annual receipts $3.8 billion

Linda A. Lang, Jack in the Box; annual reward $2.5 billion

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