Nooyi served as CEO for 12 years, 7 years longer than the average CEO tenure at large companies according to an Equilar study. In 1990, she was senior vice president and director of corporate strategy and strategic marketing at Asea brown Boveri. Through her tenacious organizational skills and imaginative innovation, she was able to adeptly manage the complexities of her role, adding immense value to overall operations. Nooyi attended Holy Angels Anglo Indian Higher Secondary School in Chennai, India, which is an all-girls Roman Catholic private convent school. In 2011, Nooyi earned $17 million as CEO of PepsiCo, which included a base salary of $1.9 million, a cash bonus of $2.5 million, pension value, and deferred remuneration of $3 million. Indras memoir, a New York Times bestseller, offers insight and a call-to-action from one of the worlds most-admired business leaders on how our society can blend work and family and advance women in the 21st century. Her eldest daughter, Preetha, graduated from the Wharton School of the University of Pennsylvania. However, Nooyis move was a step up to focus on championing workplace equality. Her father was a bank official. Growing up in Madras (now Chennai), Tamil Nadu, India, Nooyis academic beginnings started at Holy Angels Anglo Indian Higher Secondary School. Pizza Hut, KFC, and Taco Bell were all under the Tricon umbrella. [65], In February 2020, Nooyi was honored with the Outstanding Woman in Business award by the League of Women Voters of Connecticut. [citation needed] The Quaker Oats Company's ownership of Gatorade was a positive strategic move for PepsiCo, since Gatorade was responsible for 80% of sports drink sales at the time. She also held the positions of senior vice president for strategic planning at PepsiCo from 1994 to 1996 and senior vice president for corporate strategy and development from 1996 to 2000. I can work with other women to figure out how to get them to C-suite positions, as a mentor and supporter, she told Fortune magazine. Nooyi was named on Wall Street Journal's list of 50 women to watch in 2007 and 2008. Mrs. Nooyi is married and has two daughters. My Life in Full: Work, Family and Our Future. Associate Editor, Encyclopdia Britannica. When it comes to leadership, the odds have always been stacked against women. Former PepsiCo CEO Indra Nooyi discusses her personal brand of authenticity and how shes distinguished herself in corporate America by being unapologetically herself. What do PepsiCo, Motorola and Amazon have in common? The win, however, wasnt enough. With examples of world-changing business leaders like Paul Polman, Hubert Joly, and Indra Nooyi, many aspiring purpose-driven leaders have examples to follow. Write in eighth-grade language to reach the broadest audience. In 1994 Nooyi joined PepsiCo as senior vice president of corporate strategy and development. Indra Nooyi, Former Chairman & CEO at PepsiCo, and Anne-Marie Slaughter, CEO of New America, join Maggie McGrath to discuss "Solving For The Care Crisis. In 1994, she joined PepsiCo. In its global food and beverage portfolio, PepsiCo has 22 brands that generate more than $1 billion each in annual retail sales. Indra Nooyi (ne Krishnamurthy; born October 28, 1955) is an Indian-American business executive and former chief executive officer and chairperson of PepsiCo. Nooyi was accepted to Yale School of Management in 1978, and she moved to the United States in 1980 to complete her masters degree program in public and private management. A brilliant student, she completed her MBA from the Indian Institute of Management in Calcutta, and worked with Johnson & Johnson. [23] Nooyi also took the lead in the acquisition of Tropicana in 1998,[24] and the merger with Quaker Oats Company, which also brought Gatorade in 2001. She earned $17 million in 2011, with a base salary of $1.95 million, according to her 2011 salary statement. She thoroughly enjoyed her learning experience at Yale and graduated in 1980. She became the CEO of PepsiCo in 2006 and became the fifth CEO in PepsiCo's 44-year history. [44], In April 2020, it was announced that Nooyi along with Yale epidemiologist Dr. Albert Ko will represent Connecticut on the six-state working group planning for the careful easing of COVID-19 restrictions. Her determination and dedication to her job have shown that anything is possible with the right mindset. A CEOs most lasting contribution is oftentimes the intangible. Her mother was the driving force behind her good grades. As CEO, she thwarted a bid to break up PepsiCo, nearly doubled sales and introduced healthier products and environmentally friendly practices. Nooyis memoir, My Life in Full: Work, Family, and Our Future, was published in 2021. In fact, it dates all the way back to Nooyis academic career which is just as illustrious as her professional one. WATCH Former PepsiCo CEO Indra Nooyi with Moira Forbes on her trailblazing career, the future of work, and solving for our childcare crisis. Indra Nooyi is an Indian-born American business executive currently serving as the Chairperson and Chief Executive Officer of PepsiCo, one of the largest food and beverage businesses in the world. Your IP: Tricon included companies like Pizza Hut, KFC, and Taco Bell under its umbrella. She also worked in PepsiCo as Senior Vice President, of Strategic Planning from 1994 to 1996. Instead, she encouraged her daughters to and promised them that if they did well, she wouldnt marry them off at 18. Instead, she encouraged her daughters to and promised them that if they did well, In 2006, Indra Nooyi became the CEO of PepsiCo. She has always denied supporting the so cold binding and conservative norms existing in society. Businesswoman and Grammy nominee Chandrika Krishnamurthy Tandon is her older sister. Indra Nooyi, the former Chairman and CEO of PepsiCo, candidly discusses the painful trade-offs working mothers face and how corporate America can help solve for the countrys care crisis. [99], In India, she used to play cricket and was also in an all-girl rock band, where she played guitar.[100]. As a product manager at Johnson & Johnson, she was tasked to introduce Stayfree sanitary napkins to the Indian market. She moved to the United States to join Yale School of Management in 1978 and pursued a master's degree in Public and Private Management. Indra is married to Raj Nooyi, Raj is a management consultant. (His childhood, education, career, personal life, achievements, what can one learn from his life), Biography of Radhakishan Damani (His childhood, education, career, personal life, achievements, what can one learn from his life), Biography of Ajaypal Banga (His childhood, education, career, personal life, achievements, what can one learn from his life), Biography of Indra Nooyi (His childhood, education, career, personal life, achievements, what can one learn from his life). She loved to play cricket. Nooyi's family was middle class and, like most of their neighbors, devout Hindus and relatively conservative. There is an issue between Cloudflare's cache and your origin web server. [49][50], In 2008, she was elected to the Fellowship of the American Academy of Arts and Sciences. Nooyi is the author of the book My Life in Full: Work, Family and Our Future, a memoir that offers insight and a call-to-action on how our society can blend work and family and advance women in the 21st century. She was honored with the Padma Bhushan by the President of India in 2007. [10][11], Nooyi was born on October 28, 1955, in Madras (now known as Chennai), Tamil Nadu, India. Nooyi discusses her trajectory to become the first woman of color and immigrant to run a Fortune 50 company, the difficulties that came with managing a demanding job with a growing family, and what she learned along the way. Blogzbite has more than 50 experienced and budding content creators and bloggers under its umbrella and they work with a same mission to provide credible, correct and concise knowledge to the visitors. Image Credits: Dave Puente Photography. PepsiCo benefited from The Quaker Oats Companys ownership of Gatorade, which at the time accounted for 80% of sales of sports drinks. What experiences do you share in common? She is married to Raj Nooyi, a management consultant of Indian origin. Nooyi came in second place on Fortunes 2015 list of the most influential women. [41] During her tenure, the company's sales grew 80%. Initially, she faced the problem and struggled with her job at Johnson & Johnson as she was assigned the work of introducing Stayfree sanitary napkins in India. She has been named 2009 CEO of the Year by Global Supply Chain Leaders Group. She has worked with many prestigious organizations like Boston Consulting Group (BCG), Motorola, and Asea Brown Boveri. Get Tickets. In addition, Nooyi was in charge of the Tropicana acquisition in 1998 and the merger with the Quaker Oats Company that led to Gatorade in 2001. Indra Nooyi is a business executive born in India, at present, she is the Chairperson and CEO of PepsiCo, which is the largest food and beverage company in the world. She became the school's biggest alumni donor in history and the first woman to endow a deanship at a top business school with her gift. In a radio interview, Nooyi stated that PepsiCo is getting ready to launch products designed and packaged as per women's preferences, and based on behavioral differences in the way men and women consume snacks. A brilliant student, she earned a seat in one of Indias premier institutions, Indian Institute of Management Calcutta, from where she completed a Post Graduate Diploma in Management (MBA), in 1976. Her father was a bank official. Ms Nooyi began her career in India, where she held product manager positions at Johnson & Johnson and Mettur Beardsell, Ltd., a textile firm. Born in T. Nagar, Nooyi received her bachelor's degree from Madras Christian College in 1974. She recategorized the PepsiCo products into three groups: better for you (diet or low-fat versions of snacks and sodas) and good for you (items like oatmeal) are examples of fun for you. Plenty of money backed up her initiative. She was an excellent student, she earned her master's degree in Business Administration from the IIM, Calcutta, and also worked with Johnson & Johnson. As a result, the web page can not be displayed. Nooyi also focused on sustainability and environmental issues as part of Performance with a Purpose. [8][9] She also serves on the boards of Amazon and the International Cricket Council. As recent as 1995, there were no female CEOs on the Fortune 500 list. Our aim is to provide you all the latest informational articles related to different niches, Under her guidance in 1997 divestiture Tricon, now known as Yum! [25] The $3.3 billion acquisition of Tropicana initially faced opposition from other PepsiCo executives and Wall Street critics. SOURCE: Paul Morigi / Getty Images for Fortune / AFP. Born into a middle-class family in Chennai, Nooyi has always been someone who refused to adhere to the conservative norms of the society. Forbes rated her 13th in 2014. Women in the World 116K subscribers At the 2019 Women in the World Summit, Indra Nooyi, former chairman and CEO of PepsiCo, says that she demanded her children be allowed to spend time with her. She has attained this prestige as a strategist. In 2014, she was at number 13 and in 2015, she was on the 2nd number, In 2017, she was the 2nd most powerful woman in the list of top 19 Most Powerful Women in Business. In recognition of her impressive work with the company, Nooyi was promoted to chief financial officer in 2000 and the president in 2001. We at Blogzbite manage to write the blogs and content on a big range of topics like language, technology, health, sports, biographies, psychology, career and education, motivation, stories and many more. I was very honored to be included in the Smithsonian Institutions National Portrait Gallery with this painting by artist Jon R. Friedman. Indra Nooyi. Nooyi assumed the title of CEO in October 2006 and the next year became chairman of the board as well. She studied physics, chemistry and mathematics before graduating in 1974. In 1981, Indra tied the knot with AmSoft Systems president Raj K. Nooyi. [97], Her older sister Chandrika Krishnamurthy Tandon is a businesswoman and also a Grammy-nominated artist. Let us know if you have suggestions to improve this article (requires login). After moving to the United States, she received an additional masters degree in public and private management from the Yale School of Management in 1980. In this position, she worked on a variety of strategy projects for the next six years. For instance, in order to establish a personal connection, Nooyi wrote to the parents of her leadership team and visited their homes. Nooyi during her tenure made sure she set realistic goals for her employees that they can attain and help the company to grow. As an Indian-American, she has achieved success within the corporate sphere, most notably as the former CEO and executive of PepsiCo. [7][62], Nooyi was named one of the "Best CEOs In The World" by the CEOWORLD magazine in 2018. While in India, she worked as a product manager with a couple of reputable firms After completing her education at Yale, she joined the Boston Consulting Group in 1980 as a corporate strategist. [17] In 1980, Nooyi joined the Boston Consulting Group (BCG) as a strategy consultant,[18] and then worked at Motorola as vice president and Director of Corporate Strategy and Planning,[18] followed by a stint at Asea Brown Boveri. At Madras Christian College, Nooyi continued on the unconventional path her mother ensured she was entitled to. [39] The third component of Performance with a Purpose involved creating a culture where workers were encouraged to stay with the company. PepsiCo's former chair and CEO Indra Nooyi retired in 2019 after 24 years with the company, half of which she spent in the top job. Cloudflare Ray ID: 7a2b1030c8fe1085 [6] In 2014, she was ranked at number 13 on the Forbes list of The World's 100 Most Powerful Women[7] and was ranked the second most powerful woman on the Fortune list in 2015 and 2017. [16] Over the course of more than a decade, Nooyi was in charge of the companys global strategy and oversaw PepsiCos restructuring, which included the sale of Tricon to Yum! Speakers Include Indra Nooyi, Sara Blakely, Dr. Jane Goodall, Rosalind Brewer, Naomi Campbell, Allyson Felix and Cynthia Nixon And More NEW YORK November 18, 2021 Forbes today announced its 2021 Forbes Power Womens Summit, taking place virtually on Thursday, December 9th. Now what? Education, Family , Ethnicity & Boyfriend :-School Name: . Indra Nooyi Biography is very inspiring. The attendees at this years Women in Retail Leadership Summit filled the ballroom to hear the keynote interview with none other than the queen of pop herself, PepsiCos Indra Nooyi. As one example, Nooyi wrote to the parents of her leadership team and visited their homes to create the personal connection. Her fortune stems from stock she was granted while working at PepsiCo. She had to struggle a lot due to some policies advertising feminine hygiene products was not allowed at that time in the country so it's wasn't a piece of cake to gain a foothold in the country. Her experience at Johnson & Johnson made her realize that she was still unprepared for the business world, and thus she decided to pursue further education. What changes did you see between when she attended and when you were a student? [27] PepsiCo's annual net profit rose from $2.7 billion to $6.5 billion. This job required Nooyi to integrate a group of around 15 diverse businesses into a cohesive operation. Education: Madras Christian College, B.S. She was educated at Holy Angels Anglo Indian Higher Secondary School. For attaining something you must have this learning behaviour, keep learning new strategies and solutions. Apart from her busy career, Indra has made sure that her family stays her priority and her closeness with her mother. Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree. The pathway to where she is today began before she assumed her first and second jobs in India as a project manager at Mettur Beardsell, Ltd. and Johnson & Johnson respectively. The experience made her determined to gain an advanced qualification, but this time, in the US. Both of these ventures proved to be highly profitable to the company. Nooyi was responsible for guiding a major restructuring, which included the companys spin-off of its restaurantswhich included KFC, Pizza Hut, and Taco Bellinto Tricon Global Restaurants (which later became Yum! She was also co-chair of The Reopen Connecticut Advisory Group, developing recommendations and guidelines for reactivating the state's economy post-pandemic. In 2001, she was named president and chief financial officer. While attending Yale School of Management, Nooyi completed her summer internship with Booz Allen Hamilton. Read Indras notes on work, family, and our future in her newsletter: The Care Crisis is No Labor Sideshow: Its a Main Event, Child Care is Core to Economic Growth: We Must Commit, Let's Get On With Equal Pay: It Speaks To Character, International Women's Day: The Day That Cant Drift By, Indra Nooyi and Lisa Kassenaar discuss her book after she is awarded the 2022 International Distinguished Entrepreneur Award (IDEA) by the Associates of the Asper School of Business (May 2022), Indra poses with Professor Modupe Akinola after receiving the Columbia Botwinick Prize in Business Ethics (April 2022), Student Isha Saeed with Indra at Harvard Business School (April 2022), Boston Globe CEO Lindra Henry in conversation with Indra at MIT (April 2022), Journalist Seema Mody moderates a discussion with Indra and Reshma Saujani in collaboration with the Asian American Businesss Development Center (April 2022), Indra speaks on a panel at the USC Marshall School of Business (March 2022), Indra with the USC-IBEAR MBA students (March 2022), Emirates Litfest Director Ahlam Bolooki moderates a discussion about Work, Family, and the Future with Indra and HE Reem Al Hashimy at the Dubai Expo (February 2021), Richard Dean moderates a fireside chat with Indra at the Emirates Lit Fest in Dubai (February 2022), Indra joins senior women leaders of the United Nations for their annual retreat in New York (March 2022), A dinner with the team behind My Life in Full (December 2021), Backdrop from a book party held in Indra's honor by The Asian American Foundation and BCG (December 2021), Indra with President Clinton, Former Secretary Clinton, and Huma Abedin at a book party hosted by The Asian American Foundation and BCG (December 2021), Indra gives remarks at a book party held in her honor by The Asian American Foundation and BCG (December 2021), Indra speaks about her book at Yale (November 2021), Indra joins Morgan Stanley's Seema Hingorani for a fireside chat at their New York offices (October 2021), Indra speaks at the New York Metropolitan Club, and is introduced by her former Chief of Staff, Erica Matthews (October 2021), Indra is inducted into the Asian Hall of Fame (October 2021), Indra joins Professor Adam Grant for a fireside chat for the Authors@Wharton series at the University of Pennsylvania (October 2021), A newly-inducted member, Indra visits the American Philosophical Society (October 2021), Indra with John Studzinski, PIMCO Vice Chair and the host of a book party held in her honor in the U.K. (October 2021), Indra joins London Business School students for a photo (October 2021), Indra joins Unilever's former CHRO, Leena Nair for a fireside chat in the U.K. (October 2021), Journalist Joanne Lipman moderates a conversation with Indra to celebrate the launch of her book, My Life in Full, at the Greenwich Library (September 2021), Celebrating the launch of My Life in Full with a cake (October 2021), Shooting the book trailer for My Life in Full (September 2021), Indra gets a first look at her memoir, My Life in Full (September 2021), Indra signs bookplates for readers (August 2021), Indra and her friend and writer, Lisa Kassenaar pose at Penguin Random House offices on the launch day of My Life in Full (September 2021), Indra records the audiobook version of My Life in Full (August 2021), Indra during a photoshoot with Dave Puente (July 2021), Indra and team begin work on My Life in Full (December 2019), Indra meets with her high school mentees (July 2021), Indra and her friend and writer, Lisa Kassenaar with the early copies of My Life in Full (July 2021). In 1981, she married Raj K. Nooyi, who is the president at AmSoft Systems. Performance with a Purpose, Nooyis strategic reorientation of PepsiCo, has been largely successful, resulting in long-term growth and a positive impact on society and the environment. President and Chief Financial Officer of Pepsico. She has been offered a job by many prestigious organizations including General Electric and PepsiCo. [66], In 2021, Nooyi was inducted into the National Women's Hall of Fame. My Life in Full: Work, Family, and Our Future. She was consistently . Forbes ranked her 13th in 2014. Indra Nooyi joined PepsiCo in 1994 as senior vice president of corporate strategy and development. Indra Nooyi announced she will step down as CEO of PepsiCo after 12 years. [86], Since February 2019, Nooyi has been a member of the board of directors at Amazon. [85], In June 2018, Nooyi joined the International Cricket Council Board as the organization's first independent female director. Welcome to the BlogzBite.com Informational Article Web Page. She later held executive positions at Motorola, Inc., and the engineering firm Asea Brown Boveri (now ABB). Between February 2000 and April 2001, Nooyi was senior vice president and chief financial officer of PepsiCo. began before she assumed her first and second jobs in India as a project manager at Mettur Beardsell, Ltd. and Johnson & Johnson respectively. Nooyi serves as an Honorary Co-chair for the World Justice Project. 2023 Forbes Media LLC. The company was able to accelerate its share buyback strategy thanks to the financial benefits of this spinoff, giving it more leverage to pursue acquisitions in the future without as much shareholder opposition. Her clients ranged from textiles and consumer goods companies to retailers and specialty chemicals producers. Indra Nooyi is the former CEO of one of the largest food and beverage companies- PepsiCo. There she had gained enough experience of working on diversifying strategic projects for 6 successive years. She was born on 28 October 1955 in Chennai, India. Nooyi joined the board of Amazon in 2019. Over the next couple of years, she worked closely with the new CEO, Roger Enrico, and worked on shaping the companys future expansion and growth strategies. [45], Nooyi is also the co-chair of Connecticut-based nonprofit organization AdvanceCT. Blogzbite has more than 50 experienced and budding content creators and bloggers under its umbrella and they work with a same mission to provide credible, correct and concise knowledge to the visitors. In 2009 and 2010, Fortune ranked her first on its list of the Most Powerful Women in Business. She is also a member of the Board of Trustees of Eisenhower Fellowships, and has served as Chairperson of the U.S.-India Business Council. Nooyi completed her schooling at Holy Angels Anglo Indian Higher Secondary School. Fortune magazine named Indra Nooyi No.1 on its annual ranking of Most Powerful Women in business for five consecutive years from 2006 to 2010. Ms Nooyi served as a member of the PepsiCo Board of Directors from 2001 to February 2019. She has been looking for an upgrade, expanding, and diversifying PepsiCo's products and brand by more focusing on soft drinks. In 1976, he graduated from the Indian Institute of Management Calcutta with a Post Graduate Programme Diploma. Laurie Spens Photography. Indra Nooyi has always been highly innovative . https://www.britannica.com/biography/Indra-Nooyi, Connecticut Womens Hall of Fame - Indra Nooyi, National Women's History Museum - Indra Nooyi. Nooyi has been listed among the top female executives in the United States and the World's 100 Most Powerful Women. . The fifth chairman and CEO in PepsiCos 42-year history, Nooyi was the first woman to lead the soft-drink and snack-food giant and one of only 11 female chief executives of Fortune 500 companies. And then from 1996 to 2000, she served as Senior Vice President of Corporate Strategy and Development. Indra Nooyi speaks onstage at the Fortune Most Powerful Women Summit - Day 2 on October 10, 2017 in Washington, DC. In 1994, Jack Welch, the head of General Electric, and Wayne Calloway, PepsiCo CEO, both offered her jobs in their respective companies. Nooyi is a Successor Fellow of the Yale Corporation. It was a monumental task the brand was struggling to become a household name, but Nooyi eventually succeeded in increasing its visibility. Nooyi was a member of the girl's cricket team. It was a fascinating experience because you couldnt advertise personal protection in India, she recalled in an interview with Sarah Murray of the Financial Times. She has been instrumental in the diversification and expansion of PepsiCos brands which had primarily been more focused on soft drinks. She completed her studies in India. Indra Nooyi Education. Her mother Shantha Krishnamurthy was a house maker. Addresses: OfficePepsico, 700 Anderson Hill Rd., Purchase, NY 10577.. Career. Image Credits: Dave Puente Photography. To help support the investigation, you can pull the corresponding error log from your web server and submit it our support team. She did it anyway, with ample support from her parents. Nooyi is 67 years old as of 2022. She gained much prominence as a strategist and received job offers from several prestigious companies including General Electric and PepsiCo. After this, she worked as a director of international corporate strategy projects at the Boston Consulting Group. Today, shes doing just that while mothering her two children and prepping for the release of her much-anticipated memoir. She had her second daughter Tara in 1992. It would make her an absolutely unmarriageable commodity after that.. But she hasnt given up on corporate life just yet in 2019, it was reported that Nooyi would join Amazon on its board of directors. In 1994, she was invited by Wayne Calloway, Jack Welch, the head of General Electric, and PepsiCo CEO, for jobs in their respective organisations. 0, Last Updated on December 13, 2022 by admin. Indra Krisnamurthy was born in Madras (now called Chennai), India, on October 28, 1955. In this role, Ms Nooyi was the chief architect of Performance with Purpose, PepsiCos pledge to do whats right for the business by being responsive to the needs of the world around it. Her legacy will continue to inspire future generations to strive for excellence in whatever they do, and to never give up on their dreams. Famous People in USA I'm very fortunate to have a wonderful husband, two great kids, a very tight-knit family, an awesome job with a great team. [32] In 2014, she was ranked #13 by Forbes. In 1990, she was senior vice president and director of corporate strategy and strategic marketing at Asea brown Boveri. In 1978, she moved to the USA for higher studies. Through this incident, she realised that she wasn't completely prepared for the business world and decided to pursue further education at yale school of management in the U.S. in 1978. Building a culture that encourages employees to stay with the company was the third part of Performance with a Purpose. She sits on the supervisory board of Philips and is a member of the nominating and corporate governance committee. In 1986, she moved to Motorola as a senior executive in the automotive division development team. In her book 'My Life in Full', former PepsiCo CEO and Chair Indra Nooyi (above) makes a plea to men: Come to the table on gender equality.. And, no wonder. [93], Indra married Raj K. Nooyi, president at AmSoft Systems, in 1981. On October 7, 2010, she was named the sixth most powerful woman in the world by Fortune magazine.
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