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Amazon Adds Former Pepsi CEO to Its Board

Amazon Adds Former Pepsi CEO to Its Board

Amazon added former Pepsi CEO Indra K. Nooyi to its Board of Directors. Wikipedia says the 63-year-old is consistently ranked among the world’s 100 most powerful women.

CNBC noted Nooyi becomes the fifth female member of Amazon’s 11-person board. You can find a list of company officers and board members on the Amazon Investor Relations website.

Here’s the report Amazon filed with the SEC:

On February 25, 2019, the Board of Directors of Amazon.com, Inc. (the “Company”) elected Indra K. Nooyi as a director of the Company, and also appointed her to the Audit Committee of the Board. Ms. Nooyi was the Chief Executive Officer of PepsiCo, Inc. from October 2006 to October 2018, where she also served as the Chairman of its board of directors from May 2007 to February 2019.

She was elected to PepsiCo’s board of directors and became its President and Chief Financial Officer in 2001, and held leadership roles in finance, corporate strategy and development, and strategic planning after joining PepsiCo in 1994.

Ms. Nooyi has served as a director of Schlumberger Limited since April 2015.

In connection with her election, Ms. Nooyi was granted a restricted stock unit award under the Company’s 1997 Stock Incentive Plan for 549 shares of common stock of the Company, to vest in three equal annual installments beginning on May 15, 2020, assuming continued service as a director.

Ms. Nooyi also entered into an indemnification agreement with the Company in the same form its other directors have entered, which is filed as an exhibit to Amendment No. 1, filed April 21, 1997, to the Company’s Registration Statement on Form S-1 (Registration No. 333-23795).

SOURCE: SEC.gov Filing

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Ina Steiner
Ina Steiner
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). She is a member of the Online News Association (Sep 2005 - present) and Investigative Reporters and Editors (Mar 2006 - present). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com. See disclosure at EcommerceBytes.com/disclosure/.