• Did Indra Nooyi lose her likely successor? Target announced yesterday that PepsiCo exec Brian Cornell is the company's next CEO. The new hire may be a win for the struggling retailer but is a blow for Pepsi chief executive Indra Nooyi. Cornell, the former head of the snack-and-drink company's $25 billion Americas Foods division, reportedly was a potential CEO successor to Nooyi. No. 2 on Fortune's Most Powerful Women in Business list, Nooyi is also combatting activist investor Nelson Peltz, who is encouraging the company to spli t its beverage and Frito-Lay snack units. Fortune