However, Nooyis move was a step up to focus on championing workplace equality. Brands, Inc.), as well as the spin-off of PepsiCos bottling operations. A stay-at-home housewife, Nooyis mother did not get the college experience she hoped for due to financial reasons. She also aggressively pursued international expansion. She has been a member of the All-Girls Cricket Team. Despite financial aid, Nooyi had to work her way through her masters to survive. Nooyi purchased her Greenwich, Connecticut home in 1992 from Richard Sackler, former chairman and president of Purdue Pharma. 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. [27] PepsiCo's annual net profit rose from $2.7 billion to $6.5 billion. While studying at the Yale University, she worked as a receptionist from midnight till sunrise. [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). Education, Family , Ethnicity & Boyfriend :-School Name: . She grew up in a close family with two siblings, her parents, and her grandparents. . For her latest notes on work, family, and our future, subscribe to her newsletter, Insight. Nooyi attended Holy Angels Anglo Indian Higher Secondary School in Chennai, India, which is an all-girls Roman Catholic private convent school. She has been instrumental in the diversification and expansion of PepsiCos brands which had primarily been more focused on soft drinks. Aruna Sairam, a carnatic musician from South India, is Indras aunt. As an Indian-American, she has achieved success within the corporate sphere, most notably as the former CEO and executive of PepsiCo. She is a revered role model for women and immigrants and celebrated for her empowering messages on inclusivity. In 1994 Nooyi joined PepsiCo as senior vice president of corporate strategy and development. Instead, she encouraged her daughters to and promised them that if they did well, she wouldnt marry them off at 18. Additional troubleshooting resources. [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. In 1990 she again changed her job and went, to Asea Brown Boveri (ABB) on the designation of senior vice president and director of the corporate strategy and strategic marketing. 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! She also worked in PepsiCo as Senior Vice President, of Strategic Planning from 1994 to 1996. Her legacy will continue to inspire future generations to strive for excellence in whatever they do, and to never give up on their dreams. Other executives at PepsiCo and critics on Wall Street initially opposed the $3.3 billion acquisition of Tropicana. She also went to the Yale School of Management for her further education. 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. 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. Apart from her busy career, Indra has made sure that her family stays her priority and her closeness with her mother. [15], 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. In between February 2000 to April 2001, she was promoted as Senior Vice President and Chief Financial Officer of PepsiCo. The annual net profit of PepsiCo increased to $6.5 billion from $2.7 billion. She possessed a rebellious streak as a young girl, and was known to be wild. In 2007 She was awarded the third-highest civilian award " Padma Bhushan" by the President of India. [67], In 2022, Nooyi was honored with Golden Book Awards.[68]. Nooyi has been listed among the top female executives in the United States and the World's 100 Most Powerful Women. SOURCE: Paul Morigi / Getty Images for Fortune / AFP. She played an instrumental role in PepsiCos acquisition of Tropicana and merger with Quaker Oats Company. In 1978, she moved to the USA for higher studies. 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. 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. While every effort has been made to follow citation style rules, there may be some discrepancies. [16] The yearly net profit of PepsiCo increased from $2.7 billion to $6.5 billion. 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. [66], In 2021, Nooyi was inducted into the National Women's Hall of Fame. 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. An experienced leader in the business world, Indra Nooyi has held executive positions at major companies all over the world. Nooyi was president and chief financial officer before becoming CEO. Her father was a bank official. ", 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.". Nooyi eventually introduced itself in the country by directly taking the support of young females by marketing to female students at schools and colleges. Citations for Medalists. (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). 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. She has attained this prestige as a strategist. Cloudflare monitors for these errors and automatically investigates the cause. After joining PepsiCo, Nooyi has made her prominent and significant contributions which lead the companys global strategy and focused on extensive expansion and restructuring process, all the restaurants were divestiture. The oil on canvas work created in 2019 by Jon R. Friedman was commissioned by the museum to be part of the collection. 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. [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. She couldnt afford to purchase professional workwear and spent most of her summer job in a sari. In 2017, Forbes ranked her the second most powerful woman in business. Nooyi's family was middle class and, like most of their neighbors, devout Hindus and relatively conservative. For the next six years, Nooyi worked as a consultant for the Boston Consulting Group. 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. Nooyi is a Successor Fellow of the Yale Corporation. 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. Copyright BlogzBite 2021. Indra Nooyi joined PepsiCo in 1994 as senior vice president of corporate strategy and development. 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. [7] Fortune ranked her the #1 in the list of Most Powerful Women in Business in 2009 and 2010. ", "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. PepsiCos acquisition over Tropicana and merger with Quaker Oats Company was because of Nooyi and her significant contribution. 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. She was consistently . When it comes to leadership, the odds have always been stacked against women. 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 has been looking for an upgrade, expanding, and diversifying PepsiCo's products and brand by more focusing on soft drinks. [41] During her tenure, the company's sales grew 80%. She earned $17 million in 2011, with a base salary of $1.95 million, according to her 2011 salary statement. I was very honored to be included in the Smithsonian Institutions National Portrait Gallery with this painting by artist Jon R. Friedman. Indra Nooyi. Laurie Spens Photography. Her success caught the attention of recruiters . 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. December 8, 2022 Her eldest daughter, Preetha, graduated from the Wharton School of the University of Pennsylvania. A stay-at-home housewife, Nooyis mother did not get the college experience she hoped for due to financial reasons. 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. Education: Madras Christian College, B.S. 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. Nooyi has been listed among the top female executives in the United States and the World's 100 Most Powerful Women. Due to her devotion to the teachings and traditions of her faith, she is a devoted Hindu who abstains from alcohol and practises vegetarianism. As CEO, she thwarted a bid to break up PepsiCo, nearly doubled sales and introduced healthier products and environmentally friendly practices. 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. Nooyi's family was middle class and, like most of their neighbors, devout Hindus and relatively conservative. 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. 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. In its global food and beverage portfolio, PepsiCo has 22 brands that generate more than $1 billion each in annual retail sales. 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. A CEOs most lasting contribution is oftentimes the intangible. Prior to Motorola, she spent six years directing international corporate strategy projects at The Boston Consulting Group. [32] In 2014, she was ranked #13 by Forbes. 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. 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. [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. Image Credits: Dave Puente Photography. She sits on the supervisory board of Philips and is a member of the nominating and corporate governance committee. 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. Worked at British textile company Tootal in India . Let us know if you have suggestions to improve this article (requires login). Nooyi assumed the title of CEO in October 2006 and the next year became chairman of the board as well. Forbes rated her 13th in 2014. 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. She applied to Yale Universitys Graduate School of Management to pursue a masters degree in public and private management. 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. Then, in 1986, she moved on to Motorola as a senior executive. In 2007 and 2008, she was one of Times 100 Most Influential People in the World. Brands. Daughters- Tara Nooyi, Preetha Nooyi: In her childhood, she was a rebellious young girl and was known to be "wild". She was also co-chair of The Reopen Connecticut Advisory Group, developing recommendations and guidelines for reactivating the state's economy post-pandemic. Her father was a bank official, and her mother was a house wife. [65], In February 2020, Nooyi was honored with the Outstanding Woman in Business award by the League of Women Voters of Connecticut. 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. I can work with other women to figure out how to get them to C-suite positions, as a mentor and supporter,. 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. Indra Nooyi always believed that we should spend time with our family and friends apart from our work and enjoy every moment with them. In 2008, Forbes ranked her third among the most powerful women. She was part of the top management team responsible for the companys U.S. business as well as its worldwide industrial businesses, representing about $10 billion of ABBs $30 billion in global sales. She is a member of the American Academy of Arts of Sciences, the Academy of Science and the American Philosophical Society. 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. [97], Her older sister Chandrika Krishnamurthy Tandon is a businesswoman and also a Grammy-nominated artist. in 1997. Indra Nooyi is the former Chairman and CEO of PepsiCo (2006-2019). PepsiCo at that time owned KFC, Pizza Hut, and Taco Bell restaurant chains. [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 a result, the web page can not be displayed. 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. 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. Indra Nooyi is the former CEO of one of the largest food and beverage companies- PepsiCo. Nooyi currently resides in Greenwich, Connecticut, and has two daughters. [48], In January 2008, Nooyi was elected chairwoman of the U.S.-India Business Council (USIBC). In 1994, PepsiCos new senior vice president of corporate strategy and development started her tenure with a bang and kept pace throughout. When asked why women fail to reach the top echelons of management, Indra Nooyi said that the only way up was to prove your mettle..Indra Nooyi . In my interview with Andrew Winston, we discuss how those leaders can prepare now for their future impact. Awards and Milestones. In 2009 and 2010, Fortune ranked her first on its list of the Most Powerful Women in Business. Nooyi during her tenure made sure she set realistic goals for her employees that they can attain and help the company to grow. She graduated in 1974, and pursued mathematics, physics, and chemistry from Madras Christian College. Nooyi served as CEO for 12 years, 7 years longer than the average CEO tenure at large companies according to an Equilar study. To help support the investigation, you can pull the corresponding error log from your web server and submit it our support team. 0, Last Updated on December 13, 2022 by admin. There is an issue between Cloudflare's cache and your origin web server. In 2001, she was named president and chief financial officer. Read an excerpt here. Cloudflare Ray ID: 7a2b1030c8fe1085 It was unheard of for a good, conservative, south Indian Brahmin girl to do this, Nooyi explained to Murray. 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 Krisnamurthy was born in Madras (now called Chennai), India, on October 28, 1955. 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). This job required Nooyi to integrate a group of around 15 diverse businesses into a cohesive operation.