[64], In 2019 Nooyi received the Bower Award for Business Leadership from the Franklin Institute Awards Program. Click to reveal Nooyi worked as CEO of PepsiCo for 12 years, which is 7 years longer than any average CEO tenure. The companys sales increased by 80% during her tenure. Nooyi was a member of the girl's cricket team. She applied to Yale Universitys Graduate School of Management to pursue a masters degree in public and private management. [97], Her older sister Chandrika Krishnamurthy Tandon is a businesswoman and also a Grammy-nominated artist. My Life in Full: Work, Family, and Our Future. 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. As CEO, she thwarted a bid to break up PepsiCo, nearly doubled sales and introduced healthier products and environmentally friendly practices. In 2007, the Government of India awarded her the Padma Bhushan, the countrys 3rd highest civilian honor. In 2019, her portrait was inducted into the Smithsonian National Portrait Gallery, and in 2021 she was inducted into the National Womens Hall of Fame. 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. In 2017, Forbes ranked her the second most powerful woman in business. A rebellious child brought up in a conservative family, Indra Nooyi moved to America in 1978 to study at Yale University. They married soon after her graduation and their daughter Preetha was born in 1984. Forbes magazine ranked Nooyi on the 2008 through 2017 lists of The World's 100 Most Powerful Women. Nooyi came in second place on Fortunes 2015 list of the most influential women. I was a middle child . However, Nooyis move was a step up to focus on championing workplace equality. There is an issue between Cloudflare's cache and your origin web server. Nooyi served as the companys CEO (200618) and chairman of the board (200719). The lessons she has taught us on leadership and empowerment are invaluable in todays ever-changing world. She chose to join PepsiCo in 1994 and quickly rose up the ranks to be named its CEO in 2006, Notable Alumni: Indian Institute Of Management, Calcutta, Madras Christian College, education: Yale University, University Of Madras, Indian Institute Of Management, Calcutta, Madras Christian College, awards: CNN-IBN Indian of the Year Global Indian, See the events in life of Indra Nooyi in Chronological Order, http://landing.ju.edu/globalcitizen/current.html, https://timesofindia.indiatimes.com/sports/cricket/news/icc-appoints-indra-nooyi-as-its-first-independent-female-director/articleshow/62848619.cms, https://www.beveragedaily.com/Article/2018/10/03/Indra-Nooyi-Five-lessons-I-ve-learned-as-PepsiCo-CEO, https://www.theceomagazine.com/business/management-leadership/spotlight-on-pepsico-ceo-indra-nooyi/, https://www.hindustantimes.com/world-news/ex-pepsico-ceo-indra-nooyi-says-it-ll-cause-third-world-war-if-she-join-politics/story-gsXPzIT88jSocNYPGYYGdP.html, http://www.new-corner.com/the-pepsi-challenge-indra-nooyi-ceo-pepsico/, http://desiceo.com/shinning-star-indra-nooyi/. Nagar. She has consistently ranked on Forbes magazines list of The World's 100 Most Powerful Women. 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. Stay Realistic:- Running behind things that aren't even real is just a waste of time and resources, being a leader or an employee you should set and decide what's realistic and even possible to attain. Nooyi grew up in India and got an MBA from Yale before becoming one of corporate America's few female CEOs in 2006. Tricon included companies like Pizza Hut, KFC, and Taco Bell under its umbrella. Nooyi eventually introduced itself in the country by directly taking the support of young females by marketing to female students at schools and colleges. Welcome to the BlogzBite.com Informational Article Web Page. 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 has been named 2009 CEO of the Year by Global Supply Chain Leaders Group. My childhood home was defined by particularly progressive thinking when it came to educating women. Indra Nooyi speaks onstage at the Fortune Most Powerful Women Summit - Day 2 on October 10, 2017 in Washington, DC. The annual net profit of PepsiCo increased to $6.5 billion from $2.7 billion. Nooyi managed to introduce the products to young women by directly marketing to female students at schools and colleges. Under her leadership, PepsiCos revenues increased from $35 billion in 2006 to $63.5 billion in 2017. [25] The $3.3 billion acquisition of Tropicana initially faced opposition from other PepsiCo executives and Wall Street critics. Please include the Ray ID (which is at the bottom of this error page). https://www.britannica.com/biography/Indra-Nooyi, Connecticut Womens Hall of Fame - Indra Nooyi, National Women's History Museum - Indra Nooyi. On Forbes' list of the " World's Powerful Moms ", Indra came in third place. Nooyi is one of the top female executives in the United States and is consistently ranked among the World's 100 Most Powerful Women. 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. Due to her devotion to the teachings and traditions of her faith, she is a devoted Hindu who abstains from alcohol and practises vegetarianism. Brands. 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. An experienced leader in the business world, Indra Nooyi has held executive positions at major companies all over the world. Listed among Time's 100 Most Influential People in The World in 2007 and 2008. Her mother Shantha Krishnamurthy was a house maker. What experiences do you share in common? She studied physics, chemistry and mathematics from Madras Christian College from where she graduated in 1974. In 2001 she was named president and chief financial officer of the company. As part of Performance with Purpose, PepsiCo was focused on delivering sustained growth by expanding its portfolio to include more nutritious products, limiting its environmental footprint, and empowering its associates and people in the communities it serves. [48], In January 2008, Nooyi was elected chairwoman of the U.S.-India Business Council (USIBC). Tuesday, Mar. Nooyi's family was middle class and, like most of their neighbors, devout Hindus and relatively conservative. Prior to Motorola, she spent six years directing international corporate strategy projects at The Boston Consulting Group. One offer came from General Electric, the other from PepsiCo. In 1974, Nooyi graduated from the Madras Christian College of the University of Madras with bachelors degrees in physics, chemistry, and mathematics. In 2006, PepsiCo CEO Steve Reinemund retired and Nooyi became the fifth CEO in PepsiCo's 44-year history. Nooyi continued the strategy of making PepsiCo a well-balanced consumer-products company that was less reliant on sales of its flagship soft drinks. Our aim is to provide you all the latest informational articles related to different niches, because we know knowledge is power and we want to be your medium of power. On August 6, 2018, Nooyi retired as CEO of PepsiCo and During her tenure, she made her contribution to the company's sales which grew about 80% higher. She is married to Raj Nooyi, a management consultant of Indian origin. Till now she has been reflected to be a great asset for many prestigious companies and by the time, she started getting golden offers for head positions in many largest companies in the world. In spite of her very hectic corporate career, Indra always prioritizes her family and maintains close relations with her mother. ", "PepsiCo's CEO Indra Nooyi was right. 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. 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. Bringing you the latest news, trending topics and continuing professional education advice about online learning institutions worldwide. The couple has two daughters. She graduated in 1974, and pursued mathematics, physics, and chemistry from Madras Christian College. In 1994, she was invited by Wayne Calloway, Jack Welch, the head of General Electric, and PepsiCo CEO, for jobs in their respective organisations. [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. She gained much prominence as a strategist and received job offers from several prestigious companies including General Electric and PepsiCo. In that same year, she was named an Outstanding American by choice by the US State Department. Indra Krisnamurthy was born in Madras (now called Chennai), India, on October 28, 1955. Her father was a bank official. In 2006, Indra Nooyi became the CEO of PepsiCo. There is an issue between Cloudflare's cache and your origin web server. Growing up in Madras (now Chennai), Tamil Nadu, India, Nooyis academic beginnings started at Holy Angels Anglo Indian Higher Secondary School. Nooyi assumed the title of CEO in October 2006 and the next year became chairman of the board as well. Mrs. . [43] She will help draft the state's new economic development strategy. 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. In 1994, PepsiCos new senior vice president of corporate strategy and development started her tenure with a bang and kept pace throughout. She would play guitar in a band and be often referred to as rebellion or wild. She was honored with the Padma Bhushan by the President of India in 2007. Indra Nooyi Net Worth . Nooyi always focused on learning whether it comes from a positive or negative experience, she would learn and move on, even on other days she always tried to keep herself updated through learning that a hallmark of a great leader. Nooyi purchased her Greenwich, Connecticut home in 1992 from Richard Sackler, former chairman and president of Purdue Pharma. Courses & Certifications; Research & Resources; Scholarships . As recent as 1995, there were no female CEOs on the Fortune 500 list. [84], In December 2016, Nooyi joined a business forum assembled by Donald Trump to provide strategic and policy advice on economic issues. However, up until the beginning of 2019, Nooyi maintained his position as the companys chairman. As an Indian-American, she has achieved success within the corporate sphere, most notably as the former CEO and executive of PepsiCo. Forbes has been consistently listing Indra Nooyi's name among the world's top 100 most powerful women. She played guitar in a band and was also a member of an all-girls' cricket teamactivities girls in her social strata rarely participated in. PepsiCo at that time owned KFC, Pizza Hut, and Taco Bell restaurant chains. For attaining something you must have this learning behaviour, keep learning new strategies and solutions. She has been looking for an upgrade, expanding, and diversifying PepsiCo's products and brand by more focusing on soft drinks. In its global food and beverage portfolio, PepsiCo has 22 brands that generate more than $1 billion each in annual retail sales. Nooyi currently resides in Greenwich, Connecticut, and has two daughters. ", Former PepsiCo CEO and Power Women listee Indra Nooyi writes for Forbes on how paid leave fueled her path to power: "I wouldnt have been there without paid leave.". When it comes to leadership, the odds have always been stacked against women. She became a top alumni donor to Yale's business school after giving an undisclosed amount in 2016. Cloudflare monitors for these errors and automatically investigates the cause. Bachelor of Arts/Science, Madras Christian College; Master of Business Administration, Yale School of Management. 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. In 1981, Indra tied the knot with AmSoft Systems president Raj K. Nooyi. Awards and Milestones. [66], In 2021, Nooyi was inducted into the National Women's Hall of Fame. After this, she worked as a director of international corporate strategy projects at the Boston Consulting Group. Her success caught the attention of recruiters across the US. 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. [7] Fortune ranked her the #1 in the list of Most Powerful Women in Business in 2009 and 2010. Born into a middle-class family in Chennai, Nooyi has always been someone who refused to adhere to the conservative norms of the society. Corrections? Nooyi has been constantly ranked among the world's most powerful women. She quickly rose through the ranks and was promoted to vice president and director of corporate strategy and planning in 1988. Write in eighth-grade language to reach the broadest audience. Her total remuneration had increased to $19,087,832 by 2014, including $5.5 million in equity. Nooyi has said that she is very proud of her daughters' accomplishments and that she is very grateful for their education. She has always denied supporting the so cold binding and conservative norms existing in society. Instead, she encouraged her daughters to and promised them that if they did well, she wouldnt marry them off at 18. Daughters- Tara Nooyi, Preetha Nooyi: A Conversation with Indra Nooyi. [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. She is also a revered role model for women and immigrants and celebrated for her empowering messages on inclusivity. She was constantly working for PepsiCo for a couple of years under the guidance of Roger Enrico who was the new CEO and started working on the strategies for the companys diversification, extensive expansion, and constant growth. Ms Nooyi is married and has two daughters. 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. 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. But to get here and to stay here, lots of tradeoffs, lots of sacrifices under the water, a lot of collateral damage. Indra Nooyi was born in Madras, Tamil Nadu, in 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. She was born as Indra Krishnamurthy on 28 October 1955, in Madras (now Chennai), Tamil Nadu, India, into a conservative middle-class family. The yearly net profit of PepsiCo increased from $2.7 billion to $6.5 billion. Under her guidance in 1997 divestiture Tricon, now known as Yum! Which owns pizza hut and KFC, and in 1998 company could go for the acquisition of Tropicana and also merged with Quicker Oats. from IIM Calcutta in 1977 M.A. Nooyi served as CEO for 12 years, 7 years longer than the average CEO tenure at large companies according to an Equilar study. in 2001, she became one of the Board of Directors of PepsiCo. 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. While attending Yale School of Management, Nooyi completed her summer internship with Booz Allen Hamilton. [83], In June 2016, she was part of the inaugural team on the Temasek Americas Advisory Panel. There is an unknown connection issue between Cloudflare and the origin web server. Her father was a bank official, and her mother was a house wife. SOURCE: Paul Morigi / Getty Images for Fortune / AFP. Indra Nooyi joined PepsiCo in 1994 as senior vice president of corporate strategy and development. A stay-at-home housewife, Nooyis mother did not get the college experience she hoped for due to financial reasons. Nooyi leads USIBC's Board of Directors, an assembly of more than 60 senior executives representing a cross-section of American industry. She was consistently . A CEOs most lasting contribution is oftentimes the intangible. Indra Nooyi's daughters are both highly educated. Apart from her busy career, Indra has made sure that her family stays her priority and her closeness with her mother. While every effort has been made to follow citation style rules, there may be some discrepancies. 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). She was also co-chair of The Reopen Connecticut Advisory Group, developing recommendations and guidelines for reactivating the state's economy post-pandemic. 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. She studied physics, chemistry and mathematics before graduating in 1974. She moved corporate spending away from junk foods and into the healthier alternatives, with the aim of improving the healthiness of even the "fun" offerings. Indra Nooyi (ne Krishnamurthy; born October 28, 1955) is an Indian-American business executive and former chief executive officer and chairperson of PepsiCo. She grew up in a close family with two siblings, her parents, and her grandparents. Image Credits: Dave Puente Photography. Read an excerpt here. December 8, 2022 Businesswoman and Grammy nominee Chandrika Krishnamurthy Tandon is her older sister. 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. Read an excerpt here.For her latest notes on work, family, and our future, subscribe to her newsletter, Insight. [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. Nooyi also focused on sustainability and environmental issues as part of Performance with a Purpose. Nooyi led a major restructuring, which included getting KFC, Pizza Hut, and Taco Bell divested into Tricon Global Restaurants now known as Yum! [45], Nooyi is also the co-chair of Connecticut-based nonprofit organization AdvanceCT. I can work with other women to figure out how to get them to C-suite positions, as a mentor and supporter,. She has been offered a job by many prestigious organizations including General Electric and PepsiCo. In 1974, she graduated from Madras Christian College of the University of Madras with bachelor's degrees in physics, chemistry, and mathematics. Before joining PepsiCo in 1994, Ms Nooyi spent four years as Senior Vice President of Strategy, Planning and Strategic Marketing for Asea Brown Boveri, a Zurich-based company. Omissions? In 1981, she married Raj K. Nooyi, who is the president at AmSoft Systems. Her inspiring story has set an example for people of all ages and backgrounds. Please refer to the appropriate style manual or other sources if you have any questions. PepsiCos acquisition over Tropicana and merger with Quaker Oats Company was because of Nooyi and her significant contribution. Indra K. Nooyi is the Chairman of the Board of Directors and Chief Executive Officer at PepsiCo. She has been a very hard-working and innovative person. She changed the packaging to make it less wasteful, used less water, switch to renewable energy, and recycled. [22] The financial gains from this spinoff allowed the company to increase the pace of its share buyback strategy, thereby giving it more leverage to pursue future acquisitions without as much shareholder backlash. Her initiative was backed up with ample funding. In 2008, Forbes ranked her as the third-most powerful woman. The divesture resulted in the creation of Tricon Global Restaurants, Inc., now renamed as Yum! Indra is married to Raj Nooyi, Raj is a management consultant. [citation needed] Acquiring Tropicana allowed PepsiCo to gain a competitive edge; Tropicana at the time captured 44% of the chilled orange juice segment, the fastest growing segment of the juice market, an especially positive metric when compared to Coca-Cola's Minute Maid which captured less than half of Tropicana's market share. In her childhood, she was a rebellious young girl and was known to be "wild". My life in full Indra nooyi 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. Thereafter she became the CEO of it in 2006. 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. Indra Nooyi Education . Nooyi is a resident of Connecticut and a Yale SOM classmate of Connecticut Governor Ned Lamont. [93], Indra married Raj K. Nooyi, president at AmSoft Systems, in 1981. [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). Nooyi spent the next six years as a consultant for the acclaimed Boston Consulting Group. [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]. The experience made her determined to gain an advanced qualification, but this time, in the US. On this Wikipedia the language links are at the top of the page across from the article title. [86], Since February 2019, Nooyi has been a member of the board of directors at Amazon. She grew up in a close family with two siblings, her parents, and her grandparents. 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. Her visionary approach to problem-solving enabled her to craft effective strategies that had a profound impact on the companys trajectory. [95] Forbes ranked her at the third spot among "World's Powerful Moms" list. [3][4][5], She has consistently ranked among the world's 100 most powerful women. 103.74.118.106 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. Then, in 1986, she moved on to Motorola as a senior executive. List of Important National and International Holidays, Days and Dates in Year 2022 | 2022 Download Free PDF, Rajasthan Government Health Scheme (RGHS) Registration Process | . My Life in Full is a New York Times bestseller and available in multiple languages. She also worked in PepsiCo as Senior Vice President, of Strategic Planning from 1994 to 1996. Nooyi was one of the 50 women watched in 2007 and 2008 by the Wall Street Journal. Initially, her career began as product manager positions at Johnson & Johnson and Mettur Beardsell which was a textile company. [28][29], Nooyi was named on Wall Street Journal's list of 50 women to watch in 2007 and 2008,[30][31] and was listed among Time's 100 Most Influential People in The World in 2007 and 2008. PepsiCo benefited from The Quaker Oats Companys ownership of Gatorade, which at the time accounted for 80% of sales of sports drinks. Born into a middle-class family in Chennai, she came a very long way. Nooyi completed her schooling at Holy Angels Anglo Indian Higher Secondary School. [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. As one example, Nooyi wrote to the parents of her leadership team and visited their homes to create the personal connection. [67], In 2022, Nooyi was honored with Golden Book Awards.[68]. In 2007 She was awarded the third-highest civilian award " Padma Bhushan" by the President of India. Indra Nooyi Education Background In 1974, Nooyi graduated from the Madras Christian College of the University of Madras with bachelor's degrees in physics, chemistry, and mathematics. Nooyi resides in Greenwich, Connecticut, with her two daughters. She was responsible for corporate functions, including finance, strategy, business process optimization, corporate platforms and innovation, procurement, investor relations and information technology. [26] Similar to the Tropicana acquisition, this strategic move gave PepsiCo leverage against Coca-Cola, owner of Powerade second in the sports drink segment. 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. There she had gained enough experience of working on diversifying strategic projects for 6 successive years. Indra Nooyi entrepreneur . Indra Nooyi is an exemplary embodiment of modern business leadership. Forbes named her the #3 most powerful woman in 2008. However, Nooyi continued to serve as the chairman of the company until early 2019. In recognition of her impressive work with the company, Nooyi was promoted to chief financial officer in 2000 and the president in 2001. 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. [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. [41] During her tenure, the company's sales grew 80%. 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. In 1976, he graduated from the Indian Institute of Management Calcutta with a Post Graduate Programme Diploma. 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. 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. In between February 2000 to April 2001, she was promoted as Senior Vice President and Chief Financial Officer of PepsiCo. 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. Nooyi served as the company's CEO (2006-18) and chairman of the board (2007-19). Her fortune stems from stock she was granted while working at PepsiCo. In 2017, Forbes ranked her, the second most powerful woman in business. She began her career in the product industry as a product manager for Johnson & Johnson and Mettur Beardsell. [39] The third component of Performance with a Purpose involved creating a culture where workers were encouraged to stay with the company. On October 7, 2010, she was named the sixth most powerful woman in the world by Fortune magazine.