Image Credits: Dave Puente Photography. 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. Her clients ranged from textiles and consumer goods companies to retailers and specialty chemicals producers. On October 7, 2010, she was named the sixth most powerful woman in the world by Fortune magazine. In 1981, Indra tied the knot with AmSoft Systems president Raj K. Nooyi. Indra Nooyi is the former CEO of one of the largest food and beverage companies- 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. Brands. In her role as CEO, she prevented a plan to split up PepsiCo, nearly doubled sales, and brought healthier products and eco-friendly practices. They write new content and verify and edit content received from contributors. Nooyi assumed the title of CEO in October 2006 and the next year became chairman of the board as well. 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. Nooyi has an estimated net worth of $290 million. 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! ", "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. Indra Nooyi Biography is very inspiring. 21, 2023 7:30 P.M. at Texas Hall. 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. 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. Qualification: B.S. The current net worth of Indra Nooyi is $80 million. 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. 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. Between February 2000 and April 2001, Nooyi was senior vice president and chief financial officer of PepsiCo. In 1994 Nooyi joined PepsiCo as senior vice president of corporate strategy and development. Omissions? [51], In 2008, Nooyi was named one of America's Best Leaders by U.S. News & World Report. 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. 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. 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. Indra is married to Raj Nooyi, Raj is a management consultant. from Madras Christian College in 1974 P.G.D.M. In her childhood, she was a rebellious young girl and was known to be "wild". Indra Nooyi Education. 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! As a product manager at Johnson & Johnson, she was tasked to introduce Stayfree sanitary napkins to the Indian market. Initially, her career began as product manager positions at Johnson & Johnson and Mettur Beardsell which was a textile company. 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. [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. https://www.britannica.com/biography/Indra-Nooyi, Connecticut Womens Hall of Fame - Indra Nooyi, National Women's History Museum - Indra Nooyi. She grew up in a close family with two siblings, her parents, and her grandparents. She later held executive positions at Motorola, Inc., and the engineering firm Asea Brown Boveri (now ABB). Nooyis memoir, My Life in Full: Work, Family, and Our Future, was published in 2021. 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. In 1994, Jack Welch, the head of General Electric, and Wayne Calloway, PepsiCo CEO, both offered her jobs in their respective companies. 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. She was born on 28 October 1955 in Chennai, India. Then, in 1986, she moved on to Motorola as a senior executive. The lessons she has taught us on leadership and empowerment are invaluable in todays ever-changing world. [66], In 2021, Nooyi was inducted into the National Women's Hall of Fame. [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. As a result, the web page can not be displayed. [48], In January 2008, Nooyi was elected chairwoman of the U.S.-India Business Council (USIBC). In 1974, Nooyi graduated from the Madras Christian College of the University of Madras with bachelors degrees in physics, chemistry, and mathematics. She was consistently . In 2007 and 2008, she was one of Times 100 Most Influential People in the World. The World Justice Project works to lead a global, multidisciplinary effort to strengthen the Rule of Law for the development of communities of opportunity and equity. [64], In 2019 Nooyi received the Bower Award for Business Leadership from the Franklin Institute Awards Program. Tricon included companies like Pizza Hut, KFC, and Taco Bell under its umbrella. In 1976, he graduated from the Indian Institute of Management Calcutta with a Post Graduate Programme Diploma. Indra Nooyi (ne Krishnamurthy; born October 28, 1955) is an Indian-American business executive and former chief executive officer and chairperson of PepsiCo. In 2009, She has been elected as CEO of the Year, by the Global Supply Chain Leaders Group. 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. Nooyi led a major restructuring, which included getting KFC, Pizza Hut, and Taco Bell divested into Tricon Global Restaurants now known as Yum! Indra Nooyi's daughters are both highly educated. Ms Nooyi is now a member of the board of Amazon, where she chairs the audit committee. in 1997. She was an excellent and bright student, through which she got admission to one of India's prestigious institute named the Indian Institute of Management in Calcutta, she completed her Post Graduation in Management (MBA), in 1976. Under her guidance in 1997 divestiture Tricon, now known as Yum! In 2007, and 2008, Nooyi was selected for the Wall Street Journal's list of 50 women to watch, as well as Time's list of the 100 Most Influential People in the World. All Rights Reserved. Addresses: OfficePepsico, 700 Anderson Hill Rd., Purchase, NY 10577.. Career. In 2007 She was awarded the third-highest civilian award " Padma Bhushan" by the President of India. In 2007, the Government of India awarded her the Padma Bhushan, the countrys 3rd highest civilian honor. As CEO, she thwarted a bid to break up PepsiCo, nearly doubled sales and introduced healthier products and environmentally friendly practices. 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. 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. 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. She has been a member of the All-Girls Cricket Team. With more than $66 billion in annual net revenue, PepsiCo makes hundreds of . She has attained this prestige as a strategist. 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. [33][34] In Fortune's Most Powerful Women List of 2015, Nooyi ranked second. There she had gained enough experience of working on diversifying strategic projects for 6 successive years. [93], Indra married Raj K. Nooyi, president at AmSoft Systems, in 1981. [65], In February 2020, Nooyi was honored with the Outstanding Woman in Business award by the League of Women Voters of Connecticut. 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, (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. This will save you time, money, and strength. Indra Nooyi become CEO of PepsiCo when she was 50 years old, her diversified experience in different departments of different companies made her wise and far-sighted, and also increased her enthusiasm, and even after 12 years of service she maintained or even increased the quality and level of her enthusiasm this is a quality of a true leader. [45], Nooyi is also the co-chair of Connecticut-based nonprofit organization AdvanceCT. 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. Read an excerpt here.For her latest notes on work, family, and our future, subscribe to her newsletter, Insight. December 8, 2022 In 1994, Indra Nooyi started giving her services as senior vice president of corporate strategy and development at PepsiCo. In 2023, women now make up 8.8% of CEOs on the list. Read an excerpt here. She enjoyed being a learner and graduated in 1980. [63], Nooyi was selected as one of the 2019 American Portrait Gala honorees by the Smithsonian's National Portrait Gallery. 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. Her mother Shantha Krishnamurthy was a house maker. Her younger daughter, Tara, graduated from Yale University. [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. [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). She graduated in 1974, and pursued mathematics, physics, and chemistry from Madras Christian College. in 2001, she became one of the Board of Directors of PepsiCo. She quickly rose through the ranks and was promoted to vice president and director of corporate strategy and planning in 1988. from Yale School of Management in 1978 School: Holy Angels Anglo Indian Higher Secondary School, Madras (now Chennai), India College: The Madras Christian College (MCC), Tambaram, Chennai, Tamil Nadu, India Indian Institute of Management Calcutta, Joka, Kolkata, West Bengal . The divesture resulted in the creation of Tricon Global Restaurants, Inc., now renamed as Yum! Famous People in USA Additional troubleshooting resources. Women in the World 116K subscribers At the 2019 Women in the World Summit, Indra Nooyi, former chairman and CEO of PepsiCo, says that she demanded her children be allowed to spend time with her. Indra Nooyi has always been highly innovative . 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. She is on the Deans Advisory Council at MITs School of Engineering and serves on the boards of the Memorial Sloan Kettering Cancer Center and the Partnership for Public Service. [49][50], In 2008, she was elected to the Fellowship of the American Academy of Arts and Sciences. Nooyi resides in Greenwich, Connecticut, with her two daughters. Nooyi played a pivotal part in getting these restaurants divested in 1997. Indra Nooyi was born in Madras, Tamil Nadu, in 1955. She has been looking for an upgrade, expanding, and diversifying PepsiCo's products and brand by more focusing on . However, Nooyis move was a step up to focus on championing workplace equality. 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 celebrates her birthday on 28 October. For the next six years, Nooyi worked as a consultant for the Boston Consulting Group. 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. There, she joined an all-girls cricket team and played the guitar in an all-girls rock band both of which were uncommon for young girls in her country at the time. She possessed a rebellious streak as a young girl, and was known to be wild. All rights reserved. [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. [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. Nooyi is 67 years old as of 2022. [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. Mrs. Nooyi is married and has two daughters. Indra Nooyi speaks onstage at the Fortune Most Powerful Women Summit - Day 2 on October 10, 2017 in Washington, DC. I was a middle child . Her leadership offers lessons about the value of a broad education, global thinking, and the value of calm self-assurance. And then from 1996 to 2000, she served as Senior Vice President of Corporate Strategy and Development. Prior to Motorola, she spent six years directing international corporate strategy projects at The Boston Consulting Group. 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. WATCH Oct 13, 2021 Indra. Mrs. . At the time, Indra was working for top consultancy BCG in Chicago. Worked at British textile company Tootal in India . She was born as Indra Krishnamurthy on 28 October 1955, in Madras (now Chennai), Tamil Nadu, India, into a conservative middle-class family. What do PepsiCo, Motorola and Amazon have in common? A brilliant student, she completed her MBA from the Indian Institute of Management in Calcutta, and worked with Johnson & Johnson. Nooyi was president and chief financial officer before becoming CEO. A rebellious child brought up in a conservative family, Indra Nooyi moved to America in 1978 to study at Yale University. Indra K. Nooyi is the Chairman of the Board of Directors and Chief Executive Officer at PepsiCo. In 2008, Forbes ranked her as the third-most powerful woman. The couple has two daughters. Indra Nooyi entrepreneur . 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. Indra will be speaking on Wednesday, January 12, from 10:00 - 11:15 a.m. PST. She has been named 2009 CEO of the Year by Global Supply Chain Leaders Group. In 2009 and 2010, Fortune ranked her first on its list of the Most Powerful Women in Business. With the goal of making even the fun offerings healthier, she switched corporate spending away from junk food and toward healthier options. 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. They married soon after her graduation and their daughter Preetha was born in 1984. She is a member of the American Academy of Arts of Sciences, the Academy of Science and the American Philosophical Society. The couple has two daughters. A stay-at-home housewife, Nooyis mother did not get the college experience she hoped for due to financial reasons. Today, shes doing just that while mothering her two children and prepping for the release of her much-anticipated memoir, My Life in Full: Work, Family and Our Future. 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. Nooyi joined the board of Amazon in 2019. She is married to Raj Nooyi, a management consultant of Indian origin. She became the CEO of PepsiCo in 2006 and became the fifth CEO in PepsiCo's 44-year history. Education: Madras Christian College, B.S. Pizza Hut, KFC, and Taco Bell were all under the Tricon umbrella. Bringing you the latest news, trending topics and continuing professional education advice about online learning institutions worldwide. [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 has been instrumental in the diversification and expansion of PepsiCos brands which had primarily been more focused on soft drinks. Nooyi was named on Wall Street Journal's list of 50 women to watch in 2007 and 2008. PepsiCo at that time owned KFC, Pizza Hut, and Taco Bell restaurant chains. It was unheard of for a good, conservative, south Indian Brahmin girl to do this, Nooyi explained to Murray. [43] She will help draft the state's new economic development strategy. Copyright BlogzBite 2021. This job required Nooyi to integrate a group of around 15 diverse businesses into a cohesive operation. She is a revered role model for women and immigrants and celebrated for her empowering messages on inclusivity. For instance, in order to establish a personal connection, Nooyi wrote to the parents of her leadership team and visited their homes. While studying at the Yale University, she worked as a receptionist from midnight till sunrise. 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. In keeping up with this belief, she led PepsiCos acquisition of Tropicana and the merger with Quaker Oats Company. 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. Born Indra K. Nooyi, October 28, 1955, in Madras, India; married to Raj; children: two daughters. 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. She was responsible for corporate functions, including finance, strategy, business process optimization, corporate platforms and innovation, procurement, investor relations and information technology. President and Chief Financial Officer of Pepsico. My childhood home was defined by particularly progressive thinking when it came to educating 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. Despite financial aid, Nooyi had to work her way through her masters to survive. Indra Krisnamurthy was born in Madras (now called Chennai), India, on October 28, 1955. [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. Holy Angels Anglo Indian Higher Secondary School, Indian Americans in the New York City metropolitan area, "2007 Outstanding American by Choice Recipients", United States Citizenship and Immigration Services, "Indra Nooyi and Chandrika Tandon - pg.7", "PepsiCo CEO Indra Nooyi Is Stepping Down After 12 Years", "PepsiCo, Inc. (NYSE:PEP): Second Quarter 2010 Earnings Preview", "Forbes Magazine's List of The World's 100 Most Powerful Women", "The 19 Most Powerful Women In Business 2017: CEOs And More With Ambitious Goals", "PepsiCo's former CEO Indra Nooyi joins Amazon's Board of Directors", "ICC appoints Indra Nooyi as Independent Director", "Indra Nooyi: The Indian executive who broke glass ceiling in corporate America", "Indra Nooyi, Chairman and Periya thala of PepsiCo, Named CEO of the Year by GSCLG", "Departing PepsiCo CEO Indra Nooyi Did It Her Way", "How Indra Nooyi changed the face of PepsiCo", "PepsiCo: Is It One Of The Best Dividend Stocks? Instead, she encouraged her daughters to and promised them that if they did well, In 2006, Indra Nooyi became the CEO of PepsiCo. Her mother was the driving force behind her good grades. She began her career in the product industry as a product manager for Johnson & Johnson and Mettur Beardsell. At that time advertising for feminine hygiene products was banned in the country and Stayfree was struggling to gain a foothold. Work Life Balance India . READ: Meet Arvind Krishna: The Rising Star of the Corporate World. In 1990, she was senior vice president and director of corporate strategy and strategic marketing at Asea brown Boveri. Her fortune stems from stock she was granted while working at PepsiCo. 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. Indra Nooyi is an Indian born American business entrepreneur and former chairperson and CEO that is chief executive officer at PepsiCo.