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. Prior to Motorola, she spent six years directing international corporate strategy projects at The Boston Consulting Group. She also worked in PepsiCo as Senior Vice President, of Strategic Planning from 1994 to 1996. Education. Click to reveal Nooyi served as the companys CEO (200618) and chairman of the board (200719). In 1994, she was offered two jobs that stood out from the rest. Then, in 1986, she moved on to Motorola as a senior executive. Her leadership offers lessons about the value of a broad education, global thinking, and the value of calm self-assurance. She is married to Raj Nooyi, a management consultant of Indian origin. Addresses: OfficePepsico, 700 Anderson Hill Rd., Purchase, NY 10577.. Career. Nooyi received bachelor's degrees in physics, chemistry and mathematics from Madras Christian College of the University of Madras in 1975, and a Post Graduate Programme Diploma from Indian Institute of Management Calcutta in 1976. Nooyi was named on Wall Street Journal's list of 50 women to watch in 2007 and 2008. PepsiCo CEO until 1994 and CFO until 2001, respectively. Indra Krishnamurthy was born on 28 October 1955, in Madras (now Chennai), Tamil Nadu. What experiences do you share in common? Children: Tara Nooyi, Preetha Nooyi Education: University of Madras (BS), Indian Institute of Management, Calcutta (MBA), Yale University (MS) Indra Nooyi is an Indian-American businesswoman, best known as the former chief executive officer of the PepsiCo company. Former PepsiCo CEO Indra Nooyi discusses the trade-offs working mothers face and why both men and women have a role to play in solving for America's childcare crisis. In 2017, Forbes ranked her, the second most powerful woman in business. 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. Nooyi also oversaw the acquisition of Tropicana Products and a merger with Quaker Oats Company both moves were part of a mission to branch out into more healthful drinks and foods. Work Life Balance for Women . [8][9] She also serves on the boards of Amazon and the International Cricket Council. 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. In keeping up with this belief, she led PepsiCos acquisition of Tropicana and the merger with Quaker Oats Company. The experience made her determined to gain an advanced qualification, but this time, in the US. In 1986, she moved to Motorola as a senior executive in the automotive division development team. https://www.thefamouspeople.com/profiles/indra-nooyi-6440.php. Instead, she encouraged her daughters to and promised them that if they did well, In 2006, Indra Nooyi became the CEO of PepsiCo. They married soon after her graduation and their daughter Preetha was born in 1984. She was also co-chair of The Reopen Connecticut Advisory Group, developing recommendations and guidelines for reactivating the state's economy post-pandemic. Forbes magazine ranked Nooyi in The World's 100 Most Powerful Women from 2008-2017. What do PepsiCo, Motorola and Amazon have in common? 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. [98] South Indian Carnatic musician Aruna Sairam is Indra's aunt. Indra Nooyis business career has been driven by a passion to do whats right (purpose), the drive to exceed expectations (performance) and the desire to help others succeed (people). Under her guidance in 1997 divestiture Tricon, now known as Yum! 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. Indra Nooyi speaks onstage at the Fortune Most Powerful Women Summit - Day 2 on October 10, 2017 in Washington, DC. Nooyi served as CEO for 12 years, 7 years longer than the average CEO tenure at large companies according to an Equilar study. 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! Updates? Awards and Milestones. In 1986, she then started working as a senior executive in the automotive division development team in Motorola, and soon in 1988, because of her diligence, she was promoted to the designation of vice president and director of corporate strategy and planning. In 2017, Forbes ranked her the second most powerful woman in business. The divesture resulted in the creation of Tricon Global Restaurants, Inc., now renamed as Yum! Her father was a bank official. Bringing you the latest news, trending topics and continuing professional education advice about online learning institutions worldwide. She was born as Indra Krishnamurthy on 28 October 1955, in Madras (now Chennai), Tamil Nadu, India, into a conservative middle-class family. [63], Nooyi was selected as one of the 2019 American Portrait Gala honorees by the Smithsonian's National Portrait Gallery. Beginning in 2001, she was also appointed to the Board of Directors of PepsiCo. Aruna Sairam, a carnatic musician from South India, is Indras aunt. On October 7, 2010, Fortune magazine ranked her the 6th most powerful woman in the world. Indra Nooyi is an Indian born American business entrepreneur and former chairperson and CEO that is chief executive officer at PepsiCo. PepsiCo was able to gain an advantage over its rivals by purchasing Tropicana; When compared to Coca-Colas Minute Maid, which held less than half of Tropicanas market share, Tropicana had 44% of the chilled orange juice market at the time, making it the fastest-growing segment of the juice market. 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. In addition, she oversaw the acquisition (1998) of Tropicana Products and a merger in 2001 with the Quaker Oats Co. as part of the companys strategy of diversifying into more healthful drinks and foods. Former PepsiCo CEO Indra Nooyi discusses her personal brand of authenticity and how shes distinguished herself in corporate America by being unapologetically herself. She couldnt afford to purchase professional workwear and spent most of her summer job in a sari. Indra Nooyi announced she will step down as CEO of PepsiCo after 12 years. In 2013, Nooyi was named one of the "25 Greatest Global Living Legends" by NDTV. Nooyi came in second place on Fortunes 2015 list of the most influential women. During her tenure, PepsiCo grew net revenue more than 80%, and PepsiCos total shareholder return was 162% beating the S&P over the same period. [26] Similar to the Tropicana acquisition, this strategic move gave PepsiCo leverage against Coca-Cola, owner of Powerade second in the sports drink segment. She was honored with the Padma Bhushan by the President of India in 2007. With the goal of making even the fun offerings healthier, she switched corporate spending away from junk food and toward healthier options. Indra is married to Raj Nooyi, Raj is a management consultant. [41] During her tenure, the company's sales grew 80%. Forbes has been consistently listing Indra Nooyi's name among the world's top 100 most powerful women. Both of these ventures proved to be highly profitable to the company. Cloudflare monitors for these errors and automatically investigates the cause. 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. Pizza Hut, KFC, and Taco Bell were all under the Tricon umbrella. Laurie Spens Photography. 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. Omissions? As recent as 1995, there were no female CEOs on the Fortune 500 list. This lovely couple has 2 daughters. Let us know if you have suggestions to improve this article (requires login). Indra Nooyi's daughters are both highly educated. Nooyi purchased her Greenwich, Connecticut home in 1992 from Richard Sackler, former chairman and president of Purdue Pharma. In this position, she worked on a variety of strategy projects for the next six years. [83], In June 2016, she was part of the inaugural team on the Temasek Americas Advisory Panel. Brands. Your IP: Nooyi spent the next six years as a consultant for the acclaimed Boston Consulting Group. She has consistently ranked on Forbes magazines list of The World's 100 Most Powerful Women. 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. She changed the packaging to make it less wasteful, used less water, switch to renewable energy, and recycled. Nooyi spent the next six years as a consultant for the acclaimed Boston Consulting Group. ", "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. Biography of Sundar Pichai. She has been looking for an upgrade, expanding, and diversifying PepsiCo's products and brand by more focusing on soft drinks. [81] She serves as a member of the Foundation Board of the World Economic Forum, International Rescue Committee, Catalyst[82] and the Lincoln Center for the Performing Arts. With more than $66 billion in annual net revenue, PepsiCo makes hundreds of . Her success caught the attention of recruiters . Despite financial aid, Nooyi had to work her way through her masters to survive. Nooyi has been constantly ranked among the world's most powerful women. Nooyi has said that she is very proud of her daughters' accomplishments and that she is very grateful for their education. President and Chief Financial Officer of Pepsico. I was very honored to be included in the Smithsonian Institutions National Portrait Gallery with this painting by artist Jon R. Friedman. Indra Nooyi. 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. Her determination and dedication to her job have shown that anything is possible with the right mindset. Nooyi has an estimated net worth of $290 million. Our editors will review what youve submitted and determine whether to revise the article. Nooyi assumed the title of CEO in October 2006 and the next year became chairman of the board as well. At Madras Christian College, Nooyi continued on the unconventional path her mother ensured she was entitled to. 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. PepsiCos acquisition over Tropicana and merger with Quaker Oats Company was because of Nooyi and her significant contribution. [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. The lessons she has taught us on leadership and empowerment are invaluable in todays ever-changing world. Tuesday, Mar. Indra Nooyi is an Indian-American business executive and previous CEO and president of PepsiCo, who also sits on the boards of the International Cricket Council and Amazon. 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. Nooyi is 67 years old as of 2022. Nooyi has been listed among the top female executives in the United States and the World's 100 Most Powerful Women. PepsiCo Chairman & CEO Indra Nooyi became the most generous lifetime benefactor in the history of the Yale School of Management P&Q: You have a daughter, Preetha, who earned her MBA at Yale. Nooyi earned a bachelors degree in chemistry from Madras Christian College in 1976 and a masters degree in business administration from the Indian Institute of Management in Calcutta two years later. In 2023, women now make up 8.8% of CEOs on the list. She has worked with many prestigious organizations like Boston Consulting Group (BCG), Motorola, and Asea Brown Boveri. There is an issue between Cloudflare's cache and your origin web server. Courses & Certifications; Research & Resources; Scholarships . In her role as CEO, she prevented a plan to split up PepsiCo, nearly doubled sales, and brought healthier products and eco-friendly practices. Her legacy will continue to inspire future generations to strive for excellence in whatever they do, and to never give up on their dreams. A stay-at-home housewife, Nooyis mother did not get the college experience she hoped for due to financial reasons. She grew up in a close family with two siblings, her parents, and her grandparents. [29][38] In 2015, Nooyi removed aspartame from Diet Pepsi. Between 1994 and 2000, Ms Nooyi directed corporate strategy and development for the company. There is an issue between Cloudflare's cache and your origin web server. 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. [60] After five years on top, PepsiCo's Indian American chairman and CEO Indra Nooyi has been pushed to the second spot as most powerful woman in US business by Kraft's CEO, Irene Rosenfeld.[61]. Brands. In 1978, she moved to the USA for higher studies. Indra Nooyi. She has been looking for an upgrade, expanding, and diversifying PepsiCo's products and brand by more focusing on . Under her leadership, PepsiCos revenues increased from $35 billion in 2006 to $63.5 billion in 2017. Nooyi during her tenure made sure she set realistic goals for her employees that they can attain and help the company to grow. Thereafter she became the CEO of it in 2006. Level Up Your Small Business with Digital Marketing: Tips, Tricks, and Best Practices, Breaking the Smoking Habit: How to Quit Smoking for Good, List of Important National and International Holidays, Days and Dates in Year 2023 | 2023 Download Free PDF. [12][13][14] Nooyi did her schooling in Holy Angels Anglo Indian Higher Secondary School in T. Born Indra K. Nooyi, October 28, 1955, in Madras, India; married to Raj; children: two daughters. Her mother was the driving force behind her good grades. Famous People in USA As a result, the web page can not be displayed. Everything goes old after a day, life keeps on going and getting upgraded. At the time, Indra was working for top consultancy BCG in Chicago. Indra Nooyi, (born October 28, 1955, Madras [now Chennai], India), Indian-born American businesswoman who was instrumental in the lucrative restructuring and diversification of soft-drink manufacturer PepsiCo, Inc. 's brands. 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. Her job with Johnson & Johnson was quite a challenging one as she was made responsible for managing the introduction of Stayfree sanitary napkins to India. [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. At that time advertising for feminine hygiene products was banned in the country and Stayfree was struggling to gain a foothold. Building a culture that encourages employees to stay with the company was the third part of Performance with a Purpose. In 1994, Jack Welch, the head of General Electric, and Wayne Calloway, PepsiCo CEO, both offered her jobs in their respective companies. Write in eighth-grade language to reach the broadest audience. [21] Prior to becoming CEO, Nooyi served as president and chief financial officer, beginning in 2001, she was also named to PepsiCo's board of directors. [96] She is a devout Hindu who abstains from alcohol and is a vegetarian because of her adherence to the religion's teachings and traditions. [16] For instance, in order to establish a personal connection, Nooyi wrote to the parents of her leadership team and visited their homes. ; Indian Institute of Management, M.B.A.; Yale University, M.S. The couple has two daughters. Mrs. Nooyi is married and has two daughters. She is also an advisor to several early-stage companies. 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. She played an instrumental role in PepsiCos acquisition of Tropicana and merger with Quaker Oats Company. Born into a middle-class family in Chennai, Nooyi has always been someone who refused to adhere to the conservative norms of the society. Indra Krisnamurthy was born in Madras (now called Chennai), India, on October 28, 1955. In 2009, She has been elected as CEO of the Year, by the Global Supply Chain Leaders Group. Initially, her career began as product manager positions at Johnson & Johnson and Mettur Beardsell which was a textile 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! 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. Her mother Shantha Krishnamurthy was a house maker. 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. Read an excerpt here. SOURCE: Paul Morigi / Getty Images for Fortune / AFP. [46], While CEO of PepsiCo in 2011, Nooyi earned $17 million, which included a base salary of $1.9 million, a cash bonus of $2.5 million, pension value and deferred remuneration of $3 million. 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. Please include the Ray ID (which is at the bottom of this error page). She quickly rose through the ranks and was promoted to vice president and director of corporate strategy and planning in 1988. Then she proceeded to the Yale School of Management to further her education and worked with Boston Consulting Group (BCG), Motorola and Asea Brown Boveri. Nooyi attended Holy Angels Anglo Indian Higher Secondary School in Chennai, India, which is an all-girls Roman Catholic private convent school. Prior to becoming CEO, Ms Nooyi served as PepsiCos president and chief financial officer and was a member of the companys board of directors. Nooyi eventually introduced itself in the country by directly taking the support of young females by marketing to female students at schools and colleges. [35], Nooyi's strategic redirection of PepsiCo, called Performance with a Purpose,[36] has been largely successful and involved creating long-term growth while leaving a positive impact on society and the environment. Her younger daughter, Tara, graduated from Yale University. She also served as PepsiCo's senior vice president for corporate strategy and development from 1996 until 2000, and as PepsiCo's senior vice president for strategic planning from 1994 until 1996.
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