March 23 – Media reports said that PepsiCo CEO Indra Nooyi (pic) got a pay package worth $13.2 million last year, representing a 5 per cent increase from the previous year. The pay bump was the result of a higher performance-based bonus, reflecting the company’s improved financial results after coming out of a “transitional year” in which it slashed costs and stepped up investments in flagship brands.
In addition to its namesake soda, PepsiCo makes Gatorade, Mountain Dew, Quaker oats and Frito-Lay snacks such as Doritos and Cheetos.
For 2013, Nooyi’s pay included a base salary of $1.6 million, stock awards of $7.5 million and a performance-based bonus of $4 million. In 2012, her performance-based bonus was $3.3 million.
Other pay last year included $102,772 for use of the company aircraft and $30,463 for ground transportation.
Nooyi, 58, has been chief executive since 2006 and board chair since 2007.
