*By Conor White*
PepsiCo's [decision](https://qz.com/work/1349337/pepsicos-long-serving-ceo-indra-nooyi-is-replaced-by-a-man/) that CEO Indra Nooyi will be replaced by company executive Ramon Laguarta highlights the gender disparity in C-Suite roles, an issue that's only getting worse, said New York Times gender correspondent Susan Chira.
"Nooyi said she would've loved to have chosen a woman," Chira said Tuesday in an interview on Cheddar. "But there was no one Pepsi saw as a credible successor to her, and I think that's very discouraging."
Nooyi's departure is the latest in a string of female CEO exits since mid-2017, including Marissa Mayer (Yahoo), Irene Rosenfeld (MDLZ) and Meg Whitman (Hewlett Packard Enterprise). Including Nooyi, the number of female S&P 500 chiefs has shrunk 25 percent ー from 32 to 23 ー since last year.
"When women go, it's very seldom that they're replaced by other women," Chira said. "So it's not just that it's really hard to get to the top, it's that the pipeline of women that are seen as credible successors is incredibly small."
During Nooyi's 12-year term as CEO, sales at the company grew [80 percent](https://money.cnn.com/2018/07/10/investing/pepsi-earnings-frito-lay/index.html?iid=EL).
But Chira said that women are less likely to be "targeted" or "seen as leaders," and therefore are not granted an equal opportunity to prove themselves.
"This is something the corporate world has to examine searchingly because all the solutions haven't really worked," Chira said.
For more on this story, [click here](https://cheddar.com/videos/the-c-suite-gender-problem).
On this episode of ChedHER: Soyini Chan Shue, CEO of City Safe Partners, explains her career journey from NYPD to CEO of a security company; Traci Wilk, Chief People Officer at The Learning Experience, explains the top skills and traits of a Chief People Officer - which is one of the fastest-growing job roles; Fonta Gilliam, CEO and Co-Founder of Wellthi, breaks down how she's creating a social app to help you reach your financial goals; Courtney Wiggins, Owner and Artisan at The Winsome Apothecary, is this week's Female Founder spotlight and breaks down how she's creating products that are good for the environment and your self care routine.
Vivian Barna, founder and president of All About Rabbits Rescue, Inc, explains what it takes to have a pet rabbit and encourages rabbit adoption.
Chef Danielle Sepsy shares tips on how to set a beautiful Easter table.
Lucasfilm announced Friday three new live-action films in the franchise at Star Wars Celebration Europe 2023. One of the films will feature the return of Daisy Ridley as Rey.
How Women Ascended to the Forefront of Fitness Training
A Florida family on temporary hard times after a father underwent major surgery. After things picked up, the mother surprised their sons with a new home after living with friends and a hotel.
Cheddar recommends "Beef," "My Name Is Mo'Nique," "Wellmania," "Schmigadoon," "The Last Temptation of Christ," and the podcast "The Toast."
The top entertainment headlines for April 6, 2023.
A Virginia fifth grader has made headlines for spotting an error in his science textbook. He noticed an igneous rock and a sedimentary rock had been labeled incorrectly and told his teacher who then helped get the message to the publisher, Five Ponds Press. The publisher reportedly sent a handwritten letter thanking the fifth grader for catching the error.
A two-year-toddler showed up with gifts in hand at the hospital to meet his new baby brother.
