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After 12 years as chief executive officer (CEO) of PepsiCo Inc., Purchase, N.Y., Indra Nooyi announced that she will step down Oct. 3. Nooyi has been with the company for 24 years. She will remain chairman until early 2019. Following a unanimous election by the Board of Directors, Ramon Laguarta, president of PepsiCo, will assume the CEO position as well as election to the Board of Directors.

The Boulder, Colo.-based Brewers Association (BA) reported that growth for small and independent craft brewers remained stable for the first half of 2018, according to the BA’s new mid-year metrics.  Production volume for the craft segment increased 5 percent during the first half of 2018, the company says.

With summer in full force, consumers continue to thirst for the refreshing taste of iced tea including flavored tea with innovative flavors. 

Los Angeles-based the Coffee Bean & Tea Leaf announced two new varieties of its Cookies & Cream Ice Blended drink: Cookies & Cream and Midnight Cookies & Cream. 

Modesto, Calif.-based E. & J. Gallo Winery announced that it will be the exclusive U.S. importer for Venezuelan rum brand, Diplomático. 

Copper & Kings American Brandy Co., Louisville, Ky., announced the relaunch of its absinthe spirits in new packaging. 

La Colombe Coffee Roasters, Philadelphia, Pa., announced that it will be donating at least $100,000 in a year-long commitment to the mission of the National Park Foundation (NPF), the official nonprofit partner of the National Park Service.

White Plains, N.Y.-based Heineken announced that its imported Mexican beer, Dos Equis, is once again the Official Beer Sponsor of the College Football Playoffs. Each week from August through December, the brand is giving football fans and beer drinkers the chance to win tickets to the College Football Playoff National Championship game. Beer drinkers can expect Dos Equis to make the legendary a little more interesante this football season, as the brand will deliver fun and authentic content while giving the fans a chance to live once-in-a-lifetime experiences, it says.