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On Monday, PepsiCo announced that CEO Indra Nooyi, a 12-year veteran in the role and a 24-year PepsiCo employee, is stepping down on Oct. 3. With the news of her departure, PepsiCo also announced that Nooyi’s successor would be a man (current PepsiCo president Ramon Laguarta), bringing the number of female CEOs at Fortune 500 companies from 24 to 23.