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PepsiCo CEO Indra Nooyi, one of the most prominent women to lead a Fortune 500 company, will step down on Oct. 3.She will remain as chairwoman of the board of directors until early 2019. Nooyi, 62, will be replaced by Pepsi's global operations chief Ramon Laguarta, 54.Nooyi, who was born in India, is one of a handful of people of color to lead a Fortune 500 company.She helped turn Pepsi into one of the most successful food and beverage companies in the world. Sales grew 80% during her 12-year tenure. She spearheaded Pepsi's transition to a greener, more environmentally aware company.Nooyi has been with Pepsi for 24 years. Before becoming CEO she led the company's expansion through acquisitions, including its 2001 purchase of Quaker Oats Co. She earned million last year, and million over the last three years, according to company filings."Growing up in India, I never imagined I'd have the opportunity to lead such an extraordinary company," she said.Her departure leaves only 24 women leading Fortune 500 companies, after Beth Ford became the CEO of Land O'Lakes just last week. Just more than a year ago there were 32 women leading Fortune 500 companies, meaning that the number of women in top jobs at the nation's largest companies has dropped by more than 20% in just over a year.Since the middle of last year several high-profile female CEOs announced they were stepping down last year, including Marissa Mayer at Yahoo, Irene Rosenfeld at Mondelez and Meg Whitman of Hewlett Packard Enterprise.Related: Why it matters so much every time a woman CEO leavesLaguarta, Nooyi's successor, has served as president of PepsiCo since September 2017, overseeing global operations, corporate strategy, public policy and government affairs. Laguarta is also an immigrant, having been born in Spain. He had previously been CEO of the European and sub-Saharan African unit of Pepsi before being named the company's president.Nooyi praised her successor, calling him "exactly the right person to build on our success."Pepsi's stock lagged the broader market in recent years, and it has trailed rival Coca-Cola. Shares are down 1.5% this year, compared to a 5% rise in the S&P 500 index. Shares of Pepsi were slightly higher in pre-market trading.Americans' growing distaste for sugary sodas has hurt both Coke and Pepsi. In 2014 activist investor Nelson Peltz pushed for Pepsi to spin off its snack business as a separate company. But Nooyi was able to fight off calls to break up the company..-- CNNMoney's Paul R. La Monica and Julia Carpenter contributed to this report.The-CNN-Wire 2608

Passengers might be allowed to keep liquids and laptops in their carry-on bags at airport security checkpoints in the United States if screening technology being tested at select airports is widely adopted.The Transportation Security Administration announced plans Monday to test computed tomography (CT) scanners for carry-on bags, with up to 40 units expected to be in place at US airports by the end of 2018.The X-ray scanning equipment creates 3D images that can be analyzed on three axes for explosives and other threats. The CT technology is similar to that used for medical imaging. Current screening machines for carry-on bags generate 2D images."Use of CT technology substantially improves TSA's threat detection capability at the checkpoint," said TSA Administrator David Pekoske in a statement.CT technology testing started in 2017 at Phoenix Sky Harbor International Airport and Boston's Logan International Airport. John F. Kennedy International Airport has also received a scanner.London's Heathrow is among international airports testing the 3D technology.An initial 15 units will be deployed within the next few months at the following US airports:Baltimore-Washington International Airport (BWI)Chicago O'Hare International Airport (ORD)Cincinnati/Northern Kentucky International Airport (CVG)Houston Hobby Airport (HOU)Indianapolis International Airport (IND)John F. Kennedy International Airport (JFK)Boston Logan International Airport (BOS)Los Angeles International Airport (LAX)McCarran International Airport (LAS)Oakland International Airport (OAK)Philadelphia International Airport (PHL)Phoenix Sky Harbor International Airport (PHX)San Diego International Airport (SAN)St. Louis Lambert International Airport (STL)Washington-Dulles International Airport (IAD) 1801

Our newsroom has been inundated with calls, emails and social media posts about Florida Power and Light’s response to the on-going power crisis.Many residents are asking, waiting and wondering when exactly your power will come back on. 248

Phoenix police are investigating after a young child was run over and killed by a parent Thursday night.According to Phoenix police, 21-month-old Samuel Hamilton died after he was struck by a car at a home near Interstate 17 and Northern Avenue.Authorities say the victim's father, 49-year-old Richard Hamilton, was moving a truck on his property when he hit his son. Hamilton stopped after feeling a "bump under the tire," police said.Samuel was taken to the hospital but died of his injuries, officials said,Hamilton is facing multiple charges in connection with the incident including DUI and negligent homicide. 633

Philadelphia 76ers president Bryan Colangelo appears to have used multiple Twitter accounts to criticize players and coaches on his own team and release sensitive team information, according to a lengthy report?from?The Ringer on Tuesday night.The Ringer believes the 52-year-old Colangelo, a longtime basketball executive who has also held jobs with the Phoenix Suns and the Toronto Raptors, may have used up to five fake Twitter accounts to criticize his team's own players — including 2018 NBA All-Star Joel Embiid — debate his own coaching staff's decisions and reveal confidential team information."In February, The Ringer received an anonymous tip that Bryan Colangelo ... had been secretly operating five Twitter accounts," The Ringer's Ben Detrick wrote. Detrick added The Ringer has since "scrutinized and archived those accounts in an attempt to verify the source's claims."Colangelo, the son of former Phoenix Suns and Arizona Diamondbacks owner Jerry Colangelo, served as the Suns' general manager from 1995-2006 and was the 2005 NBA Executive of the Year. He resigned as Suns GM and became president and GM of the Toronto Raptors in 2006, two years after his father sold the Suns to current owner Robert Sarver. Colangelo went on to win the NBA Executive of the Year award with the Raptors in 2007.Colangelo was relieved of his role as Raptors GM in 2013 and soon resigned from his role as team president, as well. In 2016, he was hired as the 76ers' president of basketball operations.After The Ringer published its report, Colangelo admitted to operating one of the accounts but denied being behind the others."Like many of my colleagues in sports, I have used social media as a means to keep up with the news," Colangelo told The Ringer in a statement. "While I have never posted anything whatsoever on social media, I have used the @Phila1234567 Twitter account referenced in this story to monitor our industry and other current events. This storyline is disturbing to me on many levels, as I am not familiar with any of the other accounts that have been brought to my attention, nor do I know who is behind them or what their motives may be in using them."Embiid told ESPN's Adrian Wojnarowski that Colangelo called him Tuesday night to deny the tweets were from him."Maybe there's an IT person who can prove it wasn't Bryan Colangelo, but here's one of his biggest problems in disputing Ringer story: Those tweets reflected not only private team (business), but launched personal beefs/jealousies/frustrations that he's shared inside and outside 76ers," Wojnarowski tweeted. "Nevertheless, Colangelo is denying he is responsible for those tweets and many league executives seem to believe this: It is hard to fathom a GM risking his job in such a reckless manner. Many are giving him the benefit of the doubt on that level alone. It just doesn't add up." 2976

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