💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Amazon adds former PepsiCo CEO Indra Nooyi to board

Published 02/25/2019, 06:02 PM
© Reuters. FILE PHOTO - CEO of PepsiCo Indra Nooyi speaks at the Bloomberg Global Business Forum in New York
AMZN
-
SBUX
-
PEP
-

(Reuters) - Amazon.com Inc (NASDAQ:AMZN) said on Monday it appointed former PepsiCo (NASDAQ:PEP) 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 (NASDAQ:SBUX) 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.

© Reuters. FILE PHOTO - CEO of PepsiCo Indra Nooyi speaks at the Bloomberg Global Business Forum in New York

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 on Monday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.