On Monday, Amazon Inc made an announcement of appointing ex-PepsiCo CEO, Indra Nooyi as one of the company’s board directors. Apart from this, Nooyi will also be a part of the Amazon Board’s Audit Committee, as per the regulatory filing of the company on Monday.
Amazon has been criticized several times previously for having a male-dominated board of director panel and not boosting diversity. Hence, the company took a pledge last year to include minority and women candidates to its board and appointed Rosalind Brewer, Starbucks COO as one of its board directors previously this month.
And now, with her appointment, Nooyi is the 5th women to become a part of the 11-member board panel of the ecommerce giant which includes Brewer, Judith McGrath, Patricia Stonesifer and Jamie Gorelick.
Notably, Nooyi remained PepsiCo board chairman until February 1 and stepped down from her position as the company’s CEO last year in October. She worked at the beverage and food manufacturer since the year 1994.
As a part of her latest Amazon appointment, Nooyi has been awarded with 549 shares of the company’s common stock. These shares will be vested in 3 equal amounts of yearly instalments starting 15 May, 2020. On Monday, the ecommerce company closed at $1,633/share.