Trump, a real estate magnate who had never before held public office, was elected President in November touting his experience in the business world and ability to strike deals.
"The president's most recent statements equating those who are motivated by race-based hate with those who stand up against hatred is unacceptable and has changed our decision to participate in the White House Manufacturing Advisory Council", Mr Gorsky wrote.
A fourth business leader resigned Tuesday from President Donald Trump's White House jobs panel - the latest sign that corporate America's romance with Trump is faltering after his initial half-hearted response to violence by white supremacists in Charlottesville, Virginia.
When President Donald Trump was a reality-television star on The Apprentice, his signature phrase was "You're fired!"
Nooyi was one of Trump's first appointees to the Strategy and Policy Forum.
Richard Trumka said the council was not a vehicle to do real policy and its members - chief executives from leading United States companies and other business and union leaders - never held a meeting.
This is not the first time that members of some of the biggest industries have stepped down from the advisory council of the company as Uber's Travis Kalanick, and Tesla's co-founder Elon Musk both stepped down following Trump's immigration policy in protest of some of the president's policy.
In total, eight executives have left the manufacturing council.
Plank left to "focus on inspiring and uniting through power of sport".
As the violence unfolded in Charlottesville over the weekend, uneasiness among the executives began to build, especially after the president made a statement on Saturday saying "many sides" were to blame for the chaos. Vice President Mike Pence, who is cutting short a trip to Latin America, told reporters in Chile that "I stand with the President and I stand by those words".
Along with the snubs from business leaders, Trump was rebuked by a string of Republicans including Senate Majority Leader Mitch McConnell, Ohio Governor John Kasich, Senator Lindsey Graham and former U.S. Presidents George H.W. Bush and George W. Bush.
While executives are sure to continue to push for tax reform and other measures they view as helpful to their companies and the economy, few, if any, will dare risk tying themselves to Trump again.
"Usually, certain niceties are observed to smooth over a rupture", said Galston, who served as a domestic policy aide in the Clinton administration.
Some business-oriented Republicans who had been "swallowing very hard over some of Trump's stranger statements" now may break away, Wilson said. But a few hours after reading a statement condemning the attack - more or less directly taken from a script authorized by the public relations industrial complex - Trump managed to undo any possible interpretation of honest sorrow with a rather well-worn attack on the media. "And President Trump, instead of condemning the white supremacists, just went out and said, "I condemn all violence from everybody".
Conversely, Trump, who has pushed policies on immigration and trade that are unpopular in the business community, could also see more executives willing to speak out against him when they disagree with his agenda, said Gutierrez. The country's justice minister accused Trump of trivializing anti-Semitism and racism.