For the second time this month, Amazon has elected a woman of color to its board of directors.
This time it’s former PepsiCo CEO Indra Nooyi. She joins Starbucks COO and group president Rosalind Brewer, who was elected at the beginning of February.
According to a regulatory filing, Nooyi was also appointed to the board’s Audit Committee. She stepped down after more than two decades at Pepsi last year. She served as chairwoman of Pepsi’s board from May 2007 to February 2019.
As a result of her appointment, Nooyi received 549 shares of common stock, which, at a price of $1,640 a share, is worth about $900,000.
Per a filing about Brewer’s appointment, she was also appointed to the board’s Leadership Development and Compensation Committee. She is on the Starbucks board as well and previously served as president and CEO of Sam’s Club. According to her bio on the Starbucks website, she was the first woman and first African American to lead a division at Walmart and formerly served as a director of Lockheed Martin and Molson Coors Brewing Co.
She received 570 shares, which is worth about $935,000.
Of the 11 directors on Amazon’s board, six are white men—and their average age is 65.
Nooyi is 63. Brewer is 57.
Source: ADWeek
