*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).
The electric vehicle space is about to see a whole new shift in its market particularly in Taxi Industry. Ride-Hailing apps like Uber and Lyft though could be left behind from this era since they cannot force their drivers to drive specific cars. Executive Analyst from ISeeCars.Com, joined Cheddar to discuss more.
According to a new report from the ECMC Group, only 48% of high schoolers are considering attending a four-year college. That number is 23% points less than it was in May 2020. After being forced to study remotely from home due to the pandemic, a number of Gen Z are thinking of other alternatives to a successful career. CEO and President of the ECMC Group Jeremy Wheaton, joined Cheddar to discuss more.
In an upcoming new series on Fuse, activist and actor Amara La Negra is taking viewers along with her on the streets of Miami to break down some of the hottest issues in America. The new show 'Don't Cancel Me' will follow a round table format and focus on topics including parenting, colorism, sex and relationships, and so much more. She joined Cheddar's None Of The Above to discuss more.
a.k.a Brands, an accelerator for next-gen, direct-to-consumer fashion brands like Princess Polly, released its first earnings report as a publicly-traded company with strong results. CEO Jill Ramsey joined Cheddar's "Opening Bell" to discuss the company's recent quarter and how the company has grown since its IPO in September.
Wood modification technology company Kebony recently raised $34 million in its latest funding round. The company's patented technology transformed sustainable softwood using leftover materials and makes it into a product that behaves like premium hardwood. The process has the potential to transform the global construction industry, as it is cost-effective and eco-friendly. Kebony CEO Norman Willemsen joined Cheddar News' Closing Bell to discuss.
Lito MC Cassidy, a nominee for Best Rap/Hip Hop Song for his song 'La Vendedora De Placer,' joins Cheddar News to discuss his Latin Grammy nomination and his return to music.
After a year hiatus due to COVID, the LA Auto Show is back in-person from November 19-28. The event will feature automakers from around the world as they introduce their latest concepts and production vehicles. David Fortin, head of consumer marketing for the LA Auto Show, joins Cheddar News to preview the event.
