PepsiCos chairman and CEO Indra Nooyi is the second most powerful woman in US business

PepsiCo's chairman and CEO Indra Nooyi is the second most powerful woman in US business

PepsiCo's chairman and CEO Indra Nooyi has been named the second most powerful woman in US business.

Nooyi was beaten to the number one spot after five years on top, by Kraft's CEO, Irene Rosenfeld. The 14th annual ranking by Fortune, published today (30 September), was determined by the "size and importance" of the woman's business in the global economy, in addition to the health and direction of the business, and her social and cultural relevance.

Nooyi made 9th place for the highest paid in the US, earning just over US$14m in 2010.