The top stories from the business world state that the PepsiCo’s Indian-born chairman and chief executive Indra Nooyi had grabbed around $17.1 million in compensation in the last year, a growth of almost 5.8 percent compared to her 2012 package.

The hike is generally due to changes in the values of Indra Nooyi’s retirement benefits at PepsiCo. The statement was released by the Securities and Exchange Commission filing released on Friday.

Meanwhile, the 56-year-old, Nooyi, who has been the CEO of the company since 2006, received a 2011 annual incentive award of $2.5 million, which is 22 percent below her performance-based target. Nooyi got a last year long-term incentive award valued at $9.4 million.

Indra Nooyi per eyar based salary was increased from $1.3 million to $1.6 million, with effect from February last year. Reports have said that this was her first hike in base salary since she was appointed as company’s CEO.

Further, the company is undertaking a rotation in 2012 that will help to increase PepsiCo’s performance, mainly in its Americas beverage division where sales have been decreased.

The company is further cutting down around 8,700 jobs and trying to increase its marketing budget in 2012 by up to $600 million that it will invest largely behind a dozen global brands.

The beverage-and-snacks massive company has earlier tried some steps to increase its management bench as well as moderating an eventual successor to Nooyi.

Earlier in March 2012, the company brought in Brian Cornell, former head of Wal-Mart Stores Inc.’s Sam’s Club division, to head PepsiCo Americas Foods, which includes Frito-Lay snacks and Quaker Foods.

Working for the company for past many years, executive John Compton was also elevated to the new role of president.