Indra Nooyi, the CEO of PepsiCo, has been named the third most powerful woman in business by Fortune Magazine. Nooyi’s innovation is paying off at PepsiCo, which has increased R&D spending 25% since 2011. Products launched in the past three years now make up 9% of revenue– which totaled $66.4 billion in 2013. And of 2013’s 50 bestselling new food and beverage products in the U.S., nine came from PepsiCo: Starbucks Iced Coffee, Muller Quaker Yogurt, and Mountain Dew Kickstart, to name a few. In July the company raised its profit growth forecast for the year, which should help Nooyi counter calls by activist investor Nelson Peltz to break up the food and beverage giant.