ICC appoints Indra Nooyi as its first independent female director

–           The International Cricket Council (ICC) today announced that PepsiCo Chairman and CEO Indra Nooyi has been appointed to the ICC Board as the organization’s first independent female director. Mrs. Nooyi will join the Board in June 2018 to align with the term of the ICC Independent Chairman, following the unanimous confirmation of her appointment.

–           The introduction of an Independent Director, who must be female, was approved by the ICC Full Council in June 2017 as part of wide ranging constitutional change aimed at improving the global governance of the sport.

–           Mrs. Nooyi is a global business leader, consistently ranked by Fortune Magazine among the World’s Most Powerful Women. As Chairman and CEO of PepsiCo, Mrs. Nooyi is responsible for a global food and beverage portfolio that includes 22 brands generating more than $1 billion each in annual retail sales, including Quaker, Tropicana, Gatorade, Frito-Lay and Pepsi-Cola.

–           Mrs. Nooyi is also the chief architect of Performance with Purpose, PepsiCo’s vision to deliver top‑tier financial performance over the long term by integrating sustainability into the company’s business strategy. Under her leadership, since 2006 PepsiCo has focused on offering more nutritious foods and beverages, minimizing their impact on the environment, and creating opportunities for their employees and people across the markets they serve.

–           The Independent Director will be appointed for a two-year term although she may be re-appointed for two further terms with a maximum six-year consecutive period of service. In accordance with international standards of good governance, the Independent Ethics Officer for the ICC and PepsiCo’s General Counsel have reviewed and both formally approved the appointment, providing a clear framework for appropriately managing any potential or perceived conflicts of interest that might arise in the future.