Pepsi's first female CEO is stepping down after 12 years

Pepsi CEO Indra Nooyi is stepping down after 12 years, the company announced on Monday.

She will be replaced by Ramon Laguarta, who will become the beverage maker's sixth CEO.

Nooyi was the first female CEO in the company's history. Her run will end on October 3rd after 24 years with the company.

"Leading PepsiCo has truly been the honor of my lifetime, and I'm incredibly proud of all we have done over the past 12 years to advance the interests not only of shareholders, but all our stakeholders in the communities we serve," Nooyi said in a statement.

This story is developing ...

NOW WATCH: INSIDE WEST POINT: What it's really like for new Army cadets on their first day