Indra Nooyi Education. Her father was a bank official. Jobs at Mettur Beardsell, Ltd. and Johnson & Johnson followed suit after her graduation in 1976. With the goal of making even the fun offerings healthier, she switched corporate spending away from junk food and toward healthier options. When you are given big responsibilities that, surely, it becomes hard to manage the balance between your work and your personal life. Copyright BlogzBite 2021. In recognition of her impressive work with the company, Nooyi was promoted to chief financial officer in 2000 and the president in 2001. On Forbes' list of the " World's Powerful Moms ", Indra came in third place. [45], Nooyi is also the co-chair of Connecticut-based nonprofit organization AdvanceCT. There is an unknown connection issue between Cloudflare and the origin web server. ", "Follow Indra Nooyi's example: Be a leader people want to follow", "PepsiCo CEO Indra Nooyi's long-term strategy put her job in jeopardy but now the numbers are in, and the analysts who doubted her will have to eat their words", "Indra Nooyi on making Pepsico 'good for you', "Indra Nooyi's Passions: People, Performance & Purpose At PepsiCo And Beyond", "PepsiCo CEO Indra Nooyi's Desire to Create Snacks for Women Is Nothing New", "PepsiCo veteran Ramon Laguarta to replace Indra Nooyi as CEO", "PepsiCo CEO Indra Nooyi is stepping down", "Connecticut Governor Names Indian American Executive Indra Nooyi to CERC Board of Directors to Improve Economic Strategy", "A Wall Street exec volunteers, and Lamont readily accepts", "NE governors promise to cautiously ease COVID-19 restrictions", PepsiCo CEO Nooyi gets $17 mn in compensation, "PEPSICO INC Executive Salaries & Other Compensation", "PepsiCo's Indra K. Nooyi Elected Chairman of U.S.-India Business Council", "USIBC Leads U.S. Commercial Nuclear Executives to Help Implement Historic Nuclear Deal", "Academy Announces 2008 Class of Fellows", "America's Best Leaders: Indra Nooyi, PepsiCo CEO", India-born Indra Nooyi named CEO of the year, Brendan Wood International Announces 24 TopGun CEOs in the US, "Indra Nooyi second most powerful woman in US business", "Lin-Manuel Miranda, Jeff Bezos, Anna Wintour, and More in the National Portrait Gallery's Newest Additions", "League of Women Voters salutes Greenwich resident Nooyi", "Michelle Obama, Mia Hamm chosen for Women's Hall of Fame", "Wings Publication announces winners of India's most prestigious book award", "Indra Nooyi '80 Presented with Honorary Doctorate at Yale Commencement", Commencement Recipients Indra Krishnamurthy Nooyi, Freelon to Speak at NC State Commencement, Olympics, Weirdstones, Pepsi and New York feature in Warwick's Honorary Degrees, Miami University Miami Awards 3,967 Degrees at 2011 Commencement, "PepsiCo leader Nooyi to receive honorary degree from Penn State" | Penn State University, "Duke to award degrees to more than 4,400 graduates on Sunday, May 10" |, commencement 2009. Nooyi leads USIBC's Board of Directors, an assembly of more than 60 senior executives representing a cross-section of American industry. She changed the packaging to make it less wasteful, used less water, switch to renewable energy, and recycled. [49][50], In 2008, she was elected to the Fellowship of the American Academy of Arts and Sciences. PepsiCo CEO until 1994 and CFO until 2001, respectively. In 2020, company-operated U.S. facilities are using 100% renewable electricity. Her first job was with Tootal, a British textile company which had extensive holdings in India. [39], Nooyi has stated an intent to develop a line of snacks marketed specifically for women, feeling that it is a hitherto unexplored category. Nagar. This strategic move gave PepsiCo leverage against Coca-Cola, which owns Powerade, the second-largest sports drink company, just like the Tropicana acquisition did. Forbes ranked her 13th in 2014. [40], On August 6, 2018, Nooyi stepped down as CEO, and Ramon Laguarta, a 22-year veteran of PepsiCo, replaced her on October 3, as well as becoming a member of the board of directors. Forbes named her the #3 most powerful woman in 2008. There is an issue between Cloudflare's cache and your origin web server. 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. Between 1986 and 1990, Mrs. Nooyi worked for Motorola, where she was Vice President and Director of Corporate Strategy and Planning, having joined the company as the business development executive responsible for its automotive and industrial electronics group. In its global food and beverage portfolio, PepsiCo has 22 brands that generate more than $1 billion each in annual retail sales. She was born as Indra Krishnamurthy on 28 October 1955, in Madras (now Chennai), Tamil Nadu, India, into a conservative middle-class family. 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. She has always denied supporting the so cold binding and conservative norms existing in society. . In 2007 and 2008, she was one of Times 100 Most Influential People in the World. In 2023, women now make up 8.8% of CEOs on the list. Her determination and dedication to her job have shown that anything is possible with the right mindset. The divesture resulted in the creation of Tricon Global Restaurants, Inc., now renamed as Yum! Listed among Time's 100 Most Influential People in The World in 2007 and 2008. Indra Nooyi also serves as a member of the Foundation Board of the World Economic Forum, International Rescue Committee, Catalyst, and the Lincoln Center for the Performing Arts. She would play guitar in a band and be often referred to as rebellion or wild. With more than $66 billion in annual net revenue, PepsiCo makes hundreds of . I'm very fortunate to have a wonderful husband, two great kids, a very tight-knit family, an awesome job with a great team. Nooyi assumed the title of CEO in October 2006 and the next year became chairman of the board as well. Her father was Krishnamurthy and would work in the State Bank of Hyderabad. As an Indian-American, she has achieved success within the corporate sphere, most notably as the former CEO and executive of PepsiCo. 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. Indra Krishnamurthy Nooyi: Indra Nooyi, the former chair and CEO of PepsiCo, left the company in 2019 after serving for 24 years half of which she served in the top position. She also worked in PepsiCo as Senior Vice President, of Strategic Planning from 1994 to 1996. Indra Nooyi Biography is very inspiring. Her success caught the attention of recruiters . The companys sales increased by 80% during her tenure. WATCH Former PepsiCo CEO Indra Nooyi with Moira Forbes on her trailblazing career, the future of work, and solving for our childcare crisis. Nooyi has been listed among the top female executives in the United States and the World's 100 Most Powerful Women. Nooyi purchased her Greenwich, Connecticut home in 1992 from Richard Sackler, former chairman and president of Purdue Pharma. Addresses: OfficePepsico, 700 Anderson Hill Rd., Purchase, NY 10577.. Career. [98] South Indian Carnatic musician Aruna Sairam is Indra's aunt. Mrs. . 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. This lovely couple has 2 daughters. At that time advertising for feminine hygiene products was banned in the country and Stayfree was struggling to gain a foothold. Nooyi directed the company's global strategy for more than a decade and led PepsiCo's restructuring, including the 1997 divestiture of Tricon, now known as Yum! [97], Her older sister Chandrika Krishnamurthy Tandon is a businesswoman and also a Grammy-nominated artist. 21, 2023 7:30 P.M. at Texas Hall. Her father was a bank official. Forbes rated her 13th in 2014. Nooyis memoir, My Life in Full: Work, Family, and Our Future, was published in 2021. Daughters- Tara Nooyi, Preetha Nooyi: Nooyi is a resident of Connecticut and a Yale SOM classmate of Connecticut Governor Ned Lamont. Cloudflare monitors for these errors and automatically investigates the cause. This is what a great leader does. Indra K. Nooyi, "Indra Krishnamurthy Nooyi Receives Honorary Doctorate From NYU", "Khushwant, Karnik, Nooyi, Remo, Mittal on Padma list", "Babson College Commencement 2004: Citations for Medalists", "PepsiCo president Indra Nooyi elected to Yale Corporation", "Amazon.com, Inc. - Officers and directors", "Temasek launches Americas Advisory Panel", "PepsiCo CEO Indra Nooyi Joins Trump's Business Council", "Ex-PepsiCo CEO Indra Nooyi joins Amazon's board", "Class of 1951 Distinguished Lecture Series and Chair for Leadership Study", "MIT School of Engineering | Dean's Advisory Council", "MIT Corporation elects 12 term members, three life members", "Indra Nooyi becomes Yale's biggest alumni donor", "A gift that keeps giving: Indra Nooyi is 'most generous graduate' of Yale school of management - India News , Firstpost", "Distribution of 200K books to Connecticut students could start next week", "PepsiCo's CEO shares the trick that has helped her stay married for 37 years", "Pepsi's Indra Nooyi Led Non-Soda Growth; Women CEO Exemplar", "Clinton, Nooyi, Sonia among "World's Powerful Moms" list", "7 CEOs with notably devout religious beliefs", "Indra Nooyi on making Pepsico "good for you and me", PepsiCo names Nooyi CEO as Reinemund retires, The Pepsi Challenge, profile Indra Nooyi (Fortune), Reference for Business: Indra Nooho Leadership Biography, Video of discussion with Indra Nooyi at the Asia Society, New York, 4/14/2009, Harvard Business Review: Becoming a Better Corporate Citizen, https://en.wikipedia.org/w/index.php?title=Indra_Nooyi&oldid=1142689078, American chief executives of food industry companies, Indian Institute of Management Calcutta alumni, Recipients of the Padma Bhushan in trade and industry, American chief executives of Fortune 500 companies, Articles with dead external links from January 2018, Articles with permanently dead external links, Articles with dead external links from August 2021, Short description is different from Wikidata, All Wikipedia articles written in American English, Articles with unsourced statements from June 2019, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 3 March 2023, at 21:20. Indra Nooyi speaks onstage at the Fortune Most Powerful Women Summit - Day 2 on October 10, 2017 in Washington, DC. [66], In 2021, Nooyi was inducted into the National Women's Hall of Fame. Nooyi's grandfather, "Thatha," with Nooyi (left) and her siblings. Indra Nooyi entrepreneur . Brands, Inc., which is today one of the world's largest fast food restaurant companies. [37] She reclassified PepsiCo's products into three categories: "fun for you" (such as potato chips and regular soda), "better for you" (diet or low-fat versions of snacks and sodas), and "good for you" (items such as oatmeal). 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. Then, in 1986, she moved on to Motorola as a senior executive. Nooyi served as the companys CEO (200618) and chairman of the board (200719). Nooyi during her tenure made sure she set realistic goals for her employees that they can attain and help the company to grow. [7] Fortune ranked her the #1 in the list of Most Powerful Women in Business in 2009 and 2010. 2023 Forbes Media LLC. She began her career in the product industry as a product manager for Johnson & Johnson and Mettur Beardsell. Indra Nooyi sharpened her ability to simplify complexity and communicate clearly. She has been a member of the All-Girls Cricket Team. While every effort has been made to follow citation style rules, there may be some discrepancies. 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. The lessons she has taught us on leadership and empowerment are invaluable in todays ever-changing world. [48], In January 2008, Nooyi was elected chairwoman of the U.S.-India Business Council (USIBC). Between February 2000 and April 2001, Nooyi was senior vice president and chief financial officer of PepsiCo. My Life in Full: Work, Family, and Our Future. 0, Last Updated on December 13, 2022 by admin. Between 2019-2022, Ms Nooyi served as the Class of 1951 Chair for the Study of Leadership at West Point where she worked with the Department of Behavioral Sciences and Leadership to fulfill the mission of character at the U.S. Military Academy at West Point. Nooyi came in second place on Fortunes 2015 list of the most influential women. 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. 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. [95] Forbes ranked her at the third spot among "World's Powerful Moms" list. Her success caught the attention of recruiters across the US. In 1990, she was senior vice president and director of corporate strategy and strategic marketing at Asea brown Boveri. Read an excerpt here. [54][55], Fortune magazine has named Nooyi number one on its annual ranking of Most Powerful Women in business for 2006, 2007, 2008, 2009 and 2010. To help support the investigation, you can pull the corresponding error log from your web server and submit it our support team. In 1981, she married Raj K. Nooyi, who is the president at AmSoft Systems. Nooyi resigned as CEO on August 6, 2018, and Ramon Laguarta, a 22-year PepsiCo veteran, took her place on October 3 and joined the board of directors. 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. As recent as 1995, there were no female CEOs on the Fortune 500 list. Nooyi was one of the 50 women watched in 2007 and 2008 by the Wall Street Journal. In 1974, she graduated from Madras Christian College of the University of Madras with bachelor's degrees in physics, chemistry, and mathematics. Brands, one of the largest fast food companies in the world. [19], Nooyi joined PepsiCo in 1994, and was named CEO in 2006,[20] replacing Steven Reinemund, becoming the fifth CEO in PepsiCo's 44-year history. In fact, it dates all the way back to Nooyis academic career which is just as illustrious as her professional one. I can work with other women to figure out how to get them to C-suite positions, as a mentor and supporter,. 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. A CEOs most lasting contribution is oftentimes the intangible. Bringing you the latest news, trending topics and continuing professional education advice about online learning institutions worldwide. [42], In 2019, Nooyi became the co-director of the newly created Connecticut Economic Resource Center, a public-private partnership with the Connecticut Department of Economic and Community Development. Initially, her career began as product manager positions at Johnson & Johnson and Mettur Beardsell which was a textile company. Image Credits: Dave Puente Photography. Indra was born in Madras, India. 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! The couple has two daughters. Indra Nooyi Books . Indra Krishnamurthy was born on 28 October 1955, in Madras (now Chennai), Tamil Nadu. Other executives at PepsiCo and critics on Wall Street initially opposed the $3.3 billion acquisition of Tropicana. Her father was a bank official, and her mother was a house wife. 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. She grew up in a close family with two siblings, her parents, and her grandparents. Nooyi continued the strategy of making PepsiCo a well-balanced consumer-products company that was less reliant on sales of its flagship soft drinks. [25] The $3.3 billion acquisition of Tropicana initially faced opposition from other PepsiCo executives and Wall Street critics. As an employee of PepsiCo, Nooyi is credited to have directed the companys global strategy, leading to its extensive expansion and restructuring including the divestiture of its restaurants. On April 5, 2007, she was awarded the Padma Bhushan award by the President of India Dr.APJ Abul Kalam Azad at the Rashtrapati Bhavan. In 2001 she was named president and chief financial officer of the company. Born into a middle-class family in Chennai, she came a very long way. Brands. Indra Nooyi is the former CEO of one of the largest food and beverage companies- PepsiCo. Nooyi stated in an interview with a radio station that PepsiCo is getting ready to launch snacks based on the behavioral differences between mens and womens snacking habits. However, up until the beginning of 2019, Nooyi maintained his position as the companys chairman. Building a culture that encourages employees to stay with the company was the third part of Performance with a Purpose. Her leadership offers lessons about the value of a broad education, global thinking, and the value of calm self-assurance. Ms Nooyi served as a member of the PepsiCo Board of Directors from 2001 to February 2019. Forbes magazine ranked Nooyi in The World's 100 Most Powerful Women from 2008-2017. In 2006, PepsiCo CEO Steve Reinemund retired and Nooyi became the fifth CEO in PepsiCo's 44-year history. from Madras Christian College, an M.B.A. from the Indian Institute of Management in Calcutta, and a Master of Public and Private Management from Yale University. While studying at the Yale University, she worked as a receptionist from midnight till sunrise. Biography of Sundar Pichai. 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. At Madras Christian College, Nooyi continued on the unconventional path her mother ensured she was entitled to. Mrs. Nooyi is married and has two daughters. She became the CEO of PepsiCo in 2006 and became the fifth CEO in PepsiCo's 44-year history. In 1986, she moved to Motorola as a senior executive in the automotive division development team. Indra Nooyi is the former Chairman and CEO of PepsiCo (2006-2019). She also aggressively pursued international expansion. 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. Work Life Balance for Women . In 2013, Nooyi was named one of the "25 Greatest Global Living Legends" by NDTV. She also went to the Yale School of Management for her further education. In 1994, Jack Welch, the head of General Electric, and Wayne Calloway, PepsiCo CEO, both offered her jobs in their respective companies. Nooyi spent the next six years as a consultant for the acclaimed Boston Consulting Group. In 2006, Indra Nooyi became the CEO of PepsiCo. In spite of her very hectic corporate career, Indra always prioritizes her family and maintains close relations with her mother. For attaining something you must have this learning behaviour, keep learning new strategies and solutions. The current net worth of Indra Nooyi is $80 million. Forbes magazine ranked Nooyi on the 2008 through 2017 lists of The World's 100 Most Powerful Women. She has consistently ranked on Forbes magazines list of The World's 100 Most Powerful Women. From April 2015 until April 2020, she was a director of Schlumberger Limited. In 1981, Indra tied the knot with AmSoft Systems president Raj K. Nooyi. [35], As part of Performance with a Purpose, Nooyi also focused on environmental concerns and sustainability, redesigning packaging to reduce waste, conserving water, switching to renewable energy sources and recycling. Brands. Indra Nooyi is an Indian born American business entrepreneur and former chairperson and CEO that is chief executive officer at PepsiCo. When she managed to save enough for a suit which she wore to her first post-Yale job interview she got rejected. Nooyi's family was middle class and, like most of their neighbors, devout Hindus and relatively conservative. PepsiCo at that time owned KFC, Pizza Hut, and Taco Bell restaurant chains. In this role, Ms Nooyi was the chief architect of Performance with Purpose, PepsiCo's pledge to do what's right for the business by being responsive to the needs of the world around it. She is a member of the American Academy of Arts of Sciences, the Academy of Science and the American Philosophical Society. Indra Nooyi. According to an Equilar study, Nooyi held the position of CEO for a total of 12 years, which is seven years longer than the typical tenure of CEOs at large corporations. Her mother was the driving force behind her good grades. https://www.thefamouspeople.com/profiles/indra-nooyi-6440.php. Due to her devotion to the teachings and traditions of her faith, she is a devoted Hindu who abstains from alcohol and practises vegetarianism. Instead, she encouraged her daughters to and promised them that if they did well, she wouldnt marry them off at 18. In 2017, Forbes ranked her, the second most powerful woman in business. Growing up in Madras (now Chennai), Tamil Nadu, India, Nooyis academic beginnings started at Holy Angels Anglo Indian Higher Secondary School. Today, shes doing just that while mothering her two children and prepping for the release of her much-anticipated memoir. Everything goes old after a day, life keeps on going and getting upgraded. What do PepsiCo, Motorola and Amazon have in common? Her initiative was backed up with ample funding. [16], In 1978, Nooyi was admitted to Yale School of Management and moved to the United States, where she earned a master's degree in public and private management in 1980. Nooyi held the position of senior vice president and chief financial officer at PepsiCo from February 2000 to April 2001. 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. Given the changing food preferences of the consumers, she felt that it was important for PepsiCo to expand into more healthful snack options. 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! In this position, she worked on a variety of strategy projects for the next six years. [91][92] Nooyi and her husband Raj donated 187,000 Scholastic books to Connecticut's alliance school districts as part of the Partnership for Connecticut during the COVID-19 crisis. Please refer to the appropriate style manual or other sources if you have any questions. She was consistently . Soon after, she shifted her focus to business and decided to pursue an MBA at the Indian Institute of Management in Calcutta which at the time, was just one of two schools in the country that offered the now career-transforming programme. While attending Yale School of Management, Nooyi completed her summer internship with Booz Allen Hamilton. She changed her job yet again in 1990, this time accepting the post of senior vice president and director of corporate strategy and strategic marketing at Asea Brown Boveri (ABB). Please include the Ray ID (which is at the bottom of this error page). Under her guidance in 1997 divestiture Tricon, now known as Yum! All three multinationals have been graced by the presence of Indra Nooyi, one of the worlds most powerful woman who validated the saying, the future is female when she took on leadership positions at these multinationals. I had the privilege of talking with the companys former Chairman and CEO to learn her secret sauce. 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.