She was first named a board member in 2001. PepsiCo owns the Pepsi soft drink and the Frito-Lay snack food businesses. “I’m incredibly honored by the board’s confidence,” Nooyi said in a statement released Monday. NEW YORK – PepsiCo Inc. said Monday that Chief Executive Officer Indra K. Nooyi will assume the additional title of chairwoman of the soft drink and snack food company. As its CEO, she was already one of the highest-ranked women leaders in corporate America. Nooyi takes the second title effective May 2 at the retirement of former CEO Steven Reinemund as chairman. She succeeded him as CEO on Oct. 1. With PepsiCo ranked No. 61 on the Fortune 500, Nooyi ranks No. 2 among 10 female CEOs of the nation’s biggest companies. Only Patricia A. Woertz ranks higher as chief of Archer Daniels Midland Co., which is No. 56 on the list, according to the Catalyst organization. Nooyi, 51, has been at PepsiCo since 1994 and has been credited with shifting the company to build a portfolio of healthier foods, including the acquisition of the Quaker Oats and Tropicana brands. Before she became CEO, she served as president and chief financial officer. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!