BY | October 1, 2011

Washington, (IANS): After five years on top, PepsiCo’s Indian American chairman and CEO Indra Nooyi has been pushed to the second spot as most powerful woman in US business by Kraft’s CEO, Irene Rosenfeld.

Nooyi was the only woman in the top 10 most powerful to be among the top 10 highest paid, coming in at No. 9 after earning $14 million last year, according to the 14th annual ranking by Fortune, published Friday.

“On Nooyi’s watch, PepsiCo has forged further into nutrition-focused products,” Fortune said. “But Nooyi has been criticised for taking her eye off the core North American soda business, which has lost share to Coke.”

The ranking was determined by the “size and importance” of the woman’s business in the global economy, in addition to the health and direction of the business, and her social and cultural relevance, the US magazine said.

According to Fortune, Rosenfeld, 58, made a big show of power this year with her decision to split Kraft into two companies, a reversal of her previous strategy of expanding through acquisitions, such as the 2010 purchase of Cadbury. She plans to remain CEO until the deal’s expected close in 2012.

The highest paid woman on the list was Oracle’s President and Chief Financial Officer Safra Catz, raking in $42 million in total compensation last year.

Media mogul Oprah Winfrey fell 10 spots to No. 16 with Fortune saying her influence had waned after hosting the final season of “The Oprah Winfrey Show” in May.

Johnson & Johnson Vice Chairman, Executive Committee, Sherilyn McCoy, filled that top 10 opening, coming in at the 10th spot.

Archer Daniels Midland Chief Executive Patricia Woertz came in at No. 3, followed by DuPont Chief Executive Ellen Kullman, Wellpoint Chief Executive Angela Braly and Avon Products Chief Executive Andrea Jung.

Rounding out the top 10 was IBM Senior Vice President Ginni Rometty at No. 7, followed by Xerox Chief Executive Ursula Burns.

RELATED

India is all set to amaze the world once again. ISRO's Mars 2 mission set for 2018 This is certainly going to give another boost of sorts to the Indian space enthusiasts. Merely after completion of one month of successful entry of India’s Mars Orbiter Mission (MOM) or...

New Delhi: As the Shahi Imam of Jama Masjid drew flak from Muslims for inviting the Pakistan prime minister to his son's anointment as his successor but not Prime Minister Narendra Modi, the government Friday refused to get drawn into the controversy, terming his remarks as...

qadiyanimeet bukhari

Kolkata, Oct 31 (IANS) The BJP Friday alleged that West Bengal has become a "land of jehadis" under the Mamata Banerjee government. "The rule of law in Bengal has been converted into law of vote bank by the TMC, and WB has become under Mamata Banerji the land of Jehadis,"...

New Delhi, Oct 31 (IANS) The Supreme Court Thursday sought the response of the Election Commission on if the enforcement of model code of conduct was impeding relief and rehabilitation work in flood-ravaged Jammu and Kashmir where people are still living in difficult conditions...

kashmir floods 2014

New Delhi, Oct 31 (IANS) India Friday indicated there may have been "miscarriage of justice" in the death sentence handed down to five Indian fishermen for alleged drug trafficking in Colombo and said it will appeal. New Delhi also said that under a bilateral "legal...