This move has two problems. Firstly, it unifies to separate jobs, that of Chairman and CEO, that should be held by two separate individuals.
Second, the CEO moving to Chairman denies the benefit of having new ideas at the top.
Onésimo Alvarez-Moro
See article:
PepsiCo said that its board had elected its chief executive, Indra K. Nooyi, to succeed Steven S. Reinemund as chairman when he retires in May.
Ms. Nooyi, 51, joined PepsiCo, based in Purchase, N.Y., in 1994 and led its global strategy for more than a decade. She told analysts in October she planned to increase budgets for products like Tava calorie-burning drinks and to spend $500 million a year on acquisitions like the Stacy’s Pita Chip Company.
Mr. Reinemund, 58, announced his departure in August. Ms. Nooyi will retain the chief executive post.
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