Amazon appointed the former CEO of Pepsi to its board

Amazon said on Monday it named former PepsiCo Chief Executive Officer Indra Nooyi as a director of the company and appointed her to the audit committee of the board.

On February 25, 2019, the Board of Directors of, 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).