PepsiCo is an American multinational food, snack, and beverage corporation headquartered in New York. It was formed in 1965 through the merger of Pepsi-Cola Company and Frito-Lay. PepsiCo owns 22 brands that generate over $1 billion in annual sales each. Indra Nooyi has been CEO since 2006. PepsiCo generates over $63 billion annually from products enjoyed over one billion times daily in over 200 countries. Its portfolio includes Frito-Lay snacks, Gatorade, Pepsi, Quaker foods, and Tropicana juices.