Milestones

NAMED. Indra Nooyi, 50, chief financial officer of soft-drink giant PepsiCo; as the company's chief executive, making her one of just 11 women to head FORTUNE 500 companies; in New York. The Indian-born, straight-talking Nooyi will succeed Steven Reinemund in October. With Nooyi at the helm, PepsiCo will be the largest U.S. company, by market value, to be led by a woman. "Being a woman, being foreign-born, you've got to be smarter than anyone else," Nooyi said last week.

SENTENCED. Mel Gibson, 50, controversial movie star who was arrested last month after driving while intoxicated and showering...

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