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

NaMo tsunami: Modi files nomination from Varanasi, calls Muslims brothers   Narnedra Modi who is called NaMo by his fans across the country filed nomination from Varanasi Lok Sabha seat in style. He almost amazed everyone when he called Muslims brothers and promised...

modi nomination filing

By Vidya Bhushan Rawat Rape as an instrument of caste dominance On March 23rd when India remembers one of its greatest sons Bhagat Singh for his supreme sacrifice for the nation, in Haryana (unfortunately it was part of undivided Pepsu province when Bhagat Singh was...

FDA's e-cigarette regulations to impact $2 billion industry Chain smokers had heaved a sigh of relief after e-cigarettes became popular. Their easy availability had given hope to many friends and family members who were deeply upset by their close smoking cigarettes...

Ecigarette

3 Americans killed in Kabul hospital attack included Chicago doctor   Kabul: 3 Americans have been killed in a downtown hospital in Afghanistan capital. The three were medical workers and included a senior doctor who had practiced in Chicago, US and...

Deepika Padukone- Ranbir Kapoor Tamasha will be Imtiaz's baby   The reel not the real romance between Deepika Padukone and Ranbir Kapoor is all set to begin on the big screen. Movie buffs will get an opportunity to have a glimpse of their love story in upcoming movie...

ranbir-kapoor_deepika-padukone

'Bio-duck' ocean sound caused by Minke whales: Study   Despite all the scientific development that the human have made over the last few years Earth and solar continues to throw many unresolved mysteries. Of them the one that had kept researchers and submarine crews...