[25] The $3.3 billion acquisition of Tropicana initially faced opposition from other PepsiCo executives and Wall Street critics. [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. On October 7, 2010, Fortune magazine ranked her the 6th most powerful woman in the world. Please include the Ray ID (which is at the bottom of this error page). When it comes to leadership, the odds have always been stacked against women. [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. READ: Meet Arvind Krishna: The Rising Star of the Corporate World. Indra Nooyi is the former CEO of one of the largest food and beverage companies- PepsiCo. Her success caught the attention of recruiters . She played an instrumental role in PepsiCos acquisition of Tropicana and merger with Quaker Oats Company. [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. Laurie Spens Photography. In 1990, she was senior vice president and director of corporate strategy and strategic marketing at Asea brown Boveri. Nooyi assumed the title of CEO in October 2006 and the next year became chairman of the board as well. https://www.britannica.com/biography/Indra-Nooyi, Connecticut Womens Hall of Fame - Indra Nooyi, National Women's History Museum - Indra Nooyi. She was born as Indra Krishnamurthy on 28 October 1955, in Madras (now Chennai), Tamil Nadu, India, into a conservative middle-class family. [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. A stay-at-home housewife, Nooyis mother did not get the college experience she hoped for due to financial reasons. Nooyi served as CEO for 12 years, 7 years longer than the average CEO tenure at large companies according to an Equilar study. In 1994, PepsiCos new senior vice president of corporate strategy and development started her tenure with a bang and kept pace throughout. She has attained this prestige as a strategist. To help support the investigation, you can pull the corresponding error log from your web server and submit it our support team. 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. ; Indian Institute of Management, M.B.A.; Yale University, M.S. 103.74.118.106 She studied physics, chemistry and mathematics from Madras Christian College from where she graduated in 1974. She was also co-chair of The Reopen Connecticut Advisory Group, developing recommendations and guidelines for reactivating the state's economy post-pandemic. A CEOs most lasting contribution is oftentimes the intangible. Laurie Spens Photography. Copyright BlogzBite 2021. In between February 2000 to April 2001, she was promoted as Senior Vice President and Chief Financial Officer of PepsiCo. 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 rebellious child brought up in a conservative family, Indra Nooyi moved to America in 1978 to study at Yale University. PepsiCo CEO until 1994 and CFO until 2001, respectively. When she managed to save enough for a suit which she wore to her first post-Yale job interview she got rejected. My Life in Full is a New York Times bestseller and available in multiple languages. In 1974, she graduated from Madras Christian College of the University of Madras with bachelor's degrees in physics, chemistry, and mathematics. President and Chief Financial Officer of Pepsico. Addresses: OfficePepsico, 700 Anderson Hill Rd., Purchase, NY 10577.. Career. 2023 Forbes Media LLC. Nooyi spent the next six years as a consultant for the acclaimed Boston Consulting Group. 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. Indra Nooyi is the former Chairman and Chief Executive Officer of PepsiCo (2006-2019); a Fortune 50 company with operations in more than 180 countries. Her success caught the attention of recruiters across the US. 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 every effort has been made to follow citation style rules, there may be some discrepancies. [3][4][5], She has consistently ranked among the world's 100 most powerful women. However, Nooyi continued to serve as the chairman of the company until early 2019. A natural born leader. At that time advertising for feminine hygiene products was banned in the country and Stayfree was struggling to gain a foothold. 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. In 2001 she was named president and chief financial officer of the company. The chairman and chief executive officer of PepsiCo explains how tomorrow's leaders must develop a personal understanding of the markets and cultures in China, India, and other emerging markets. 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. Her father was a bank official, and her mother was a house wife. Initially, her career began as product manager positions at Johnson & Johnson and Mettur Beardsell which was a textile company. Indra K. Nooyi is the Chairman of the Board of Directors and Chief Executive Officer at PepsiCo. 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). She was responsible for corporate functions, including finance, strategy, business process optimization, corporate platforms and innovation, procurement, investor relations and information technology. While attending Yale School of Management, Nooyi completed her summer internship with Booz Allen Hamilton. 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. Ms Nooyi is married and has two daughters. 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? Her mother Shantha Krishnamurthy was a house maker. My childhood home was defined by particularly progressive thinking when it came to educating women. Nooyi came in second place on Fortunes 2015 list of the most influential 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. Nooyi was president and chief financial officer before becoming CEO. Indra Nooyi Biography is very inspiring. Cloudflare Ray ID: 7a2b1030c8fe1085 Using the advice of a professor she confided in, she took on her next interview in a sari and nailed it. 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. 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! Nagar. By 2020, all company-owned facilities in the United States will be powered entirely by renewable energy. 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. The couple has two daughters. [94] Nooyi has two daughters and resides in Greenwich, Connecticut. Education, Family , Ethnicity & Boyfriend :-School Name: . She is also an advisor to several early-stage companies. Education: Madras Christian College, B.S. [51], In 2008, Nooyi was named one of America's Best Leaders by U.S. News & World Report. Nooyi was named on Wall Street Journal's list of 50 women to watch in 2007 and 2008. Tricon included companies like Pizza Hut, KFC, and Taco Bell under its umbrella. [33][34] In Fortune's Most Powerful Women List of 2015, Nooyi ranked second. Prior to becoming CEO, Ms Nooyi served as PepsiCos president and chief financial officer and was a member of the companys board of directors. She used to play guitar in an all-girl rock band. Thereafter she became the CEO of it in 2006. Brands. I was a middle child . [56][57][58][59], Nooyi was named to Institutional Investor's Best CEOs list in the All-America Executive Team Survey in 2008 to 2011. In 1994, she was invited by Wayne Calloway, Jack Welch, the head of General Electric, and PepsiCo CEO, for jobs in their respective organisations. Between 1994 and 2000, Ms Nooyi directed corporate strategy and development for the company. [48], In January 2008, Nooyi was elected chairwoman of the U.S.-India Business Council (USIBC). How To Create Folders Quickly Based On Cell Values In Excel? In 2017, Forbes ranked her the second most powerful woman in business. Instead, she encouraged her daughters to and promised them that if they did well, In 2006, Indra Nooyi became the CEO 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. [90], In 2016, Nooyi gifted an undisclosed amount to her alma mater, The Yale School of Management. She is married to Raj Nooyi, a management consultant of Indian origin. She grew up in a close family with two siblings, her parents, and her grandparents. Forbes rated her 13th in 2014. [99], In India, she used to play cricket and was also in an all-girl rock band, where she played guitar.[100]. [26] Similar to the Tropicana acquisition, this strategic move gave PepsiCo leverage against Coca-Cola, owner of Powerade second in the sports drink segment. Nooyi led a major restructuring, which included getting KFC, Pizza Hut, and Taco Bell divested into Tricon Global Restaurants now known as Yum! 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 Americas childcare crisis. In 1990, she was senior vice president and director of corporate strategy and strategic marketing at Asea brown Boveri. Indra is married to Raj Nooyi, Raj is a management consultant. [97], Her older sister Chandrika Krishnamurthy Tandon is a businesswoman and also a Grammy-nominated artist. Indra Nooyi sharpened her ability to simplify complexity and communicate clearly. She has consistently ranked on Forbes magazines list of The World's 100 Most Powerful Women. Born in T. Nagar, Nooyi received her bachelor's degree from Madras Christian College in 1974. Nooyi served as the company's CEO (2006-18) and chairman of the board (2007-19). 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 did it anyway, with ample support from her parents. Her clients ranged from textiles and consumer goods companies to retailers and specialty chemicals producers. Welcome to the BlogzBite.com Informational Article Web Page. [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. She sits on the supervisory board of Philips and is a member of the nominating and corporate governance committee. Indra Krisnamurthy was born in Madras (now called Chennai), India, on October 28, 1955. 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. Mrs. Nooyi is married and has two daughters. https://www.thefamouspeople.com/profiles/indra-nooyi-6440.php. 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. She proved to be a great success at this job and by the mid-1990s, she was aggressively being courted by corporate headhunters and offered lucrative positions in some of the worlds largest companies. In 2009 and 2010, Fortune ranked her first on its list of the Most Powerful Women in Business. For some people age is just a number, many great leaders didn't stop even at the age of 40 and 50 and even more.