CURRENT AFFAIRS

Detailed explanation-1: -PepsiCo’s India-born former CEO Indra Nooyi has joined Amazon’s board of directors, the online retail giant has said.

Detailed explanation-2: -Indra Nooyi is an Indian-American business executive who became the Chairperson and fifth CEO in PepsiCo’s history. She currently serves as the Board of Directors of Amazon and International cricket Council.

Detailed explanation-3: -"We’re thrilled to have elected two new members to our Board of Directors this month. Welcome, Roz Brewer and Indra Nooyi,” Amazon said in its announcement. Nooyi would be a member of the audit committee.

Detailed explanation-4: -Nooyi joined PepsiCo in 1994, and was named CEO in 2006, replacing Steven Reinemund, becoming the fifth CEO in PepsiCo’s 44-year history. Prior to becoming CEO, Nooyi served as president and chief financial officer, beginning in 2001, she was also named to PepsiCo’s Board of Directors.

Detailed explanation-5: -’ The performance with purpose movement had four goals: Deliver financial returns, shift to healthier products, limit the company’s environmental impact, and empower women and families – both inside of the company and in the world at-large. “Performance with purpose was a new way to make money,” she explains.