BREAKING NEWS

BREAKING NEWS

Amazon adds former PepsiCo CEO Indra Nooyi to board

Amazon adds former PepsiCo CEO Indra Nooyi to board
FILE PHOTO: CEO of PepsiCo Indra Nooyi speaks at the Bloomberg Global Business Forum in New York City, U.S., September 20, 2017. REUTERS/Brendan McDermid -
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(Reuters) - Amazon.com Inc said on Monday it appointed former PepsiCo Inc Chief Executive Officer Indra Nooyi as a director, making her the second woman to be named to the e-commerce giant's board this month.

Earlier this month, the company named Starbucks Corp's Chief Operating Officer Rosalind Brewer as a director, the second black woman to serve on its board.

Amazon's eleven-member board now has five women including Nooyi, Brewer, Jamie Gorelick, Judith McGrath and Patricia Stonesifer.

The company last year said women and minorities are to be among its board nominees as part of a new policy to increase diversity on its board.

Nooyi, who will be part of the audit committee of Amazon's board, stepped down as the CEO of PepsiCo in October 2018 and as the chairman of the beverage-and-snack maker earlier this year.

She has been granted 549 shares of common stock of the company, which will vest in three equal annual installments beginning on May 15, 2020. The company's shares closed at $1,633 (£1,244) on Monday.

(Reporting by Akanksha Rana in Bengaluru; Editing by Sriraj Kalluvila)

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