Rank: 41 (Previous rank: 43)
CEO: Indra K. Nooyi
Was this company a 2011 top stock?
Subscribe to Fortune Magazine
Pressure's on for Pepsi CEO Indra Nooyi, who outlined a two-year plan this past February to get her company back on track. In 2011, Pepsi was no longer the number-two beverage in the country, replaced by Diet Coke.
The ranking change shook up already concerned investors who have been wary of Nooyi's shift of focus from colas into less profitable albeit healthier snack foods. But Nooyi has taken steps to appease investors upset by the company missing its proposed profit targets. In early February, Pepsi announced plans to cut 8,700 jobs to save $1.5 billion in costs.
During Pepsi's fourth quarter earnings call in February, Nooyi said, "We're evolving from being developed market dominant to having a truly global mindset in the company."
Industry: Food Consumer Products