PepsiCo Chief Executive Officer Indra Nooyi on Tuesday ruled out joining politics, and said that after 24 years at the world’s second-largest food and beverage company, it was now time to focus on the family. PepsiCo on Monday announced that Ramon Laguarta, 54, will succeed Nooyi as the CEO. Nooyi, 62, will step down on October 3 after 24 years with the company, the last 12 as CEO. She will remain chairman until early 2019 to ensure a smooth and seamless transition. Nooyi told Fortune magazine in an interview that she did not yet know what she wanted to do next, but added that she would not be running for office.

PepsiCo Chief Executive Officer Indra Nooyi on Tuesday ruled out joining politics, and said that after 24 years at the world’s second-largest food and beverage company, it was now time to focus on the family. PepsiCo on Monday announced that Ramon Laguarta, 54, will succeed Nooyi as the CEO. Nooyi, 62, will step down on October 3 after 24 years with the company, the last 12 as CEO. She will remain chairman until early 2019 to ensure a smooth and seamless transition. Nooyi told Fortune magazine in an interview that she did not yet know what she wanted to do next, but added that she would not be running for office.