Jim Cramer Reacts to Pepsico CEO Indra Nooyi's Retirement

TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said Pepsico CEO Indra Nooyi has done a "remarkable job."
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PepsiCo is losing an all-star CEO, that much is for sure. 

TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said Pepsico (PEP) - Get Report CEO Indra Nooyi, who is retiring in October after 12 years as CEO, has done a "remarkable job."

"I do Pepsico has been the market leader in consumer packaged goods but it's been a terrible group," Cramer said, adding that the stock has been a winner for his charitable trust.

PepsiCo is a long-time holding in the Action Alerts PLUS member club. Meanwhile, TheStreet looks at some of the challenges PepsiCo's new CEO Ramon Laguarta will face.