50 Most Powerful Women

Talk about drama! Our 11th annual list is dominated by firsts (first woman to run a major U.S. oil company), superlatives (youngest honoree ever) and notable departures (Citi's Sallie Krawcheck steps down as the most watched woman on Wall Street).

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1. Indra Nooyi
Indra Nooyi
Chairman and CEO
PepsiCo (PEP)
2007 rank: 1
Age: 52

Nooyi has moved swiftly to offset slowing beverage sales in North America by expanding the international business, which now represents 26% of revenues. She is also pushing healthier products like orange juice with omega-3 fatty acids. In a tough market, the stock is flat vs. a year ago.
By Jessica Shambora and Beth Kowitt

NEXT: Irene Rosenfeld
Last updated October 16 2008: 10:16 AM ET
50 Most Powerful Women
25 Highest-paid women
25 Highest-paid women
Freeport McMoRan's Kathleen Quirk took home $16M last year. Which corporate women raked in even more? More
25 Best-paid men
25 Best-paid men
See how the highest-compensated male executives' paychecks compare to the 25 best-paid women. More
12 list dropouts
12 list dropouts
A few familiar (and not so familiar) faces dropped off this year's 50 Most Powerful Women list. More
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