With more than $66 billion in annual net revenue, PepsiCo makes hundreds of . [33][34] In Fortune's Most Powerful Women List of 2015, Nooyi ranked second. To help support the investigation, you can pull the corresponding error log from your web server and submit it our support team. [8][9] She also serves on the boards of Amazon and the International Cricket Council. [85], In June 2018, Nooyi joined the International Cricket Council Board as the organization's first independent female director. The couple has two daughters. As one example, Nooyi wrote to the parents of her leadership team and visited their homes to create the personal connection. Indra Nooyi: Her journey from a middle-class family to CEO of PepsiCo The Inspirational Indra Nooyi and Her Success Story! When you are given big responsibilities that, surely, it becomes hard to manage the balance between your work and your personal life. 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. She earned $17 million in 2011, with a base salary of $1.95 million, according to her 2011 salary statement. How To Create Folders Quickly Based On Cell Values In Excel? Performance & security by Cloudflare. Indra Nooyi announced she will step down as CEO of PepsiCo after 12 years. Nooyi assumed the title of CEO in October 2006 and the next year became chairman of the board as well. She also aggressively pursued international expansion. 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. 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. In her role as CEO, she prevented a plan to split up PepsiCo, nearly doubled sales, and brought healthier products and eco-friendly practices. The lessons she has taught us on leadership and empowerment are invaluable in todays ever-changing world. She was born on 28 October 1955 in Chennai, India. from IIM Calcutta in 1977 M.A. [63], Nooyi was selected as one of the 2019 American Portrait Gala honorees by the Smithsonian's National Portrait Gallery. https://www.britannica.com/biography/Indra-Nooyi, Connecticut Womens Hall of Fame - Indra Nooyi, National Women's History Museum - Indra Nooyi. List of Important National and International Holidays, Days and Dates in Year 2022 | 2022 Download Free PDF, Rajasthan Government Health Scheme (RGHS) Registration Process | . The couple has two daughters. 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 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. In 2001 she was named president and chief financial officer of the company. [83], In June 2016, she was part of the inaugural team on the Temasek Americas Advisory Panel. Now what? [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. Her legacy will continue to inspire future generations to strive for excellence in whatever they do, and to never give up on their dreams. In 1994 Nooyi joined PepsiCo as senior vice president of corporate strategy and development. In 1994, she was offered two jobs that stood out from the rest. Aruna Sairam, a carnatic musician from South India, is Indras aunt. Indra is married to Raj Nooyi, Raj is a management consultant. Her mother Shantha Krishnamurthy was a house maker. Her initiative was backed up with ample funding. 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. She played an instrumental role in PepsiCos acquisition of Tropicana and merger with Quaker Oats Company. Worked at British textile company Tootal in India . 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. But to get here and to stay here, lots of tradeoffs, lots of sacrifices under the water, a lot of collateral damage. [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. 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. Please include the Ray ID (which is at the bottom of this error page). 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. [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. began before she assumed her first and second jobs in India as a project manager at Mettur Beardsell, Ltd. and Johnson & Johnson respectively. In 1990, she was senior vice president and director of corporate strategy and strategic marketing at Asea brown Boveri. 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. 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. [49][50], In 2008, she was elected to the Fellowship of the American Academy of Arts and Sciences. Prior to becoming CEO, Ms Nooyi served as PepsiCos president and chief financial officer and was a member of the companys board of directors. On October 7, 2010, Fortune magazine ranked her the 6th most powerful woman in the world. [53], In 2009, Nooyi was considered one of "The TopGun CEOs" by Brendan Wood International, an advisory agency. PepsiCo's main businesses include Quaker, Tropicana, Gatorade, Frito-Lay and Pepsi-Cola. [25] The $3.3 billion acquisition of Tropicana initially faced opposition from other PepsiCo executives and Wall Street critics. 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. [17] In 1980, Nooyi joined the Boston Consulting Group (BCG) as a strategy consultant,[18] and then worked at Motorola as vice president and Director of Corporate Strategy and Planning,[18] followed by a stint at Asea Brown Boveri. A brilliant student, she earned a seat in one of Indias premier institutions, Indian Institute of Management Calcutta, from where she completed a Post Graduate Diploma in Management (MBA), in 1976. One offer came from General Electric, the other from PepsiCo. Fortune magazine named Indra Nooyi No.1 on its annual ranking of Most Powerful Women in business for five consecutive years from 2006 to 2010. She celebrates her birthday on 28 October. Breaking The Glass Ceiling: 8 Inspirational Women In Leadership She changed the packaging to make it less wasteful, used less water, switch to renewable energy, and recycled. 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 father was a bank official, and her mother was a house wife. There is an unknown connection issue between Cloudflare and the origin web server. Born into a middle-class family in Chennai, Nooyi has always been someone who refused to adhere to the conservative norms of the society. With examples of world-changing business leaders like Paul Polman, Hubert Joly, and Indra Nooyi, many aspiring purpose-driven leaders have examples to follow. [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. Mrs. . Indra Nooyi Bio, Age, Wife, Education, Salary, Net, PepsiCo 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! In its global food and beverage portfolio, PepsiCo has 22 brands that generate more than $1 billion each in annual retail sales. 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 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 was an excellent student, she earned her master's degree in Business Administration from the IIM, Calcutta, and also worked with Johnson & Johnson. Beginning in 2001, she was also appointed to the Board of Directors of PepsiCo. 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. She enjoyed being a learner and graduated in 1980. Nooyi was president and chief financial officer before becoming CEO. In 1994, Indra Nooyi started giving her services as senior vice president of corporate strategy and development at PepsiCo. [47] By 2014, her total remuneration had grown to $19,087,832, including $5.5 million of equity. In between February 2000 to April 2001, she was promoted as Senior Vice President and Chief Financial Officer of PepsiCo. Indra Krishnamurthy was born on 28 October 1955, in Madras (now Chennai), Tamil Nadu. Forbes magazine ranked Nooyi in The World's 100 Most Powerful Women from 2008-2017. [45], Nooyi is also the co-chair of Connecticut-based nonprofit organization AdvanceCT. Initially, her career began as product manager positions at Johnson & Johnson and Mettur Beardsell which was a textile company. Nooyi has an estimated net worth of $290 million. She is also a revered role model for women and immigrants and celebrated for her empowering messages on inclusivity. She was also co-chair of The Reopen Connecticut Advisory Group, developing recommendations and guidelines for reactivating the state's economy post-pandemic. Businesswoman and Grammy nominee Chandrika Krishnamurthy Tandon is her older sister. Awards and Milestones. [43] She will help draft the state's new economic development strategy. 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. [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. Her success caught the attention of recruiters . [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 worked as CEO of PepsiCo for 12 years, which is 7 years longer than any average CEO tenure. In this position, she worked on a variety of strategy projects for the next six years. I'm very fortunate to have a wonderful husband, two great kids, a very tight-knit family, an awesome job with a great team. [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. [83][87], Nooyi also serves as the Class of 1951 Chair for the Study of Leadership at West Point,[88] a Dean's Advisory Council member at MIT's School of Engineering,[89] and a member of the MIT Corporation. Forbes has been consistently listing Indra Nooyi's name among the world's top 100 most powerful women. Nagar. Copyright BlogzBite 2021. 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. [65], In February 2020, Nooyi was honored with the Outstanding Woman in Business award by the League of Women Voters of Connecticut. The yearly net profit of PepsiCo increased from $2.7 billion to $6.5 billion. Indra Nooyi entrepreneur . At that time advertising for feminine hygiene products was banned in the country and Stayfree was struggling to gain a foothold. Nooyi was one of the 50 women watched in 2007 and 2008 by the Wall Street Journal. She graduated in 1974, and pursued mathematics, physics, and chemistry from Madras Christian College. Her inspiring story has set an example for people of all ages and backgrounds. Nooyi spent the next six years as a consultant for the acclaimed Boston Consulting Group. [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. Indra Nooyi is an icon of success, resilience, and hard work. While attending Yale School of Management, Nooyi completed her summer internship with Booz Allen Hamilton. Her success caught the attention of recruiters across the US. In recognition of her impressive work with the company, Nooyi was promoted to chief financial officer in 2000 and the president in 2001. This job required Nooyi to integrate a group of around 15 diverse businesses into a cohesive operation. 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. 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. Nooyi leads USIBC's Board of Directors, an assembly of more than 60 senior executives representing a cross-section of American industry. Corrections? A CEOs most lasting contribution is oftentimes the intangible. ", "PepsiCo's CEO Indra Nooyi was right. (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). Please include the Ray ID (which is at the bottom of this error page). 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. Nooyi served as the company's CEO (2006-18) and chairman of the board (2007-19). Under her guidance in 1997 divestiture Tricon, now known as Yum! Indra Nooyi Interview . Known to be a highly innovative, energetic, and hard working person, Nooyi has risen to become one of the top most female executives in the world from a modest beginning. A stay-at-home housewife, Nooyis mother did not get the college experience she hoped for due to financial reasons. Due to her devotion to the teachings and traditions of her faith, she is a devoted Hindu who abstains from alcohol and practises vegetarianism. 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. This will save you time, money, and strength. She has always denied supporting the so cold binding and conservative norms existing in society. In that same year, she was named an Outstanding American by choice by the US State Department. I was very honored to be included in the Smithsonian Institutions National Portrait Gallery with this painting by artist Jon R. Friedman. Indra Nooyi. The following year it was announced that Nooyi would be stepping down as CEO in October and as chairman of the board in early 2019. 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 . 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. Despite financial aid, Nooyi had to work her way through her masters to survive. [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: Latest Indra Nooyi News, Designation, Education, Net worth [90], In 2016, Nooyi gifted an undisclosed amount to her alma mater, The Yale School of Management. Addresses: OfficePepsico, 700 Anderson Hill Rd., Purchase, NY 10577.. Career. In 2013, Nooyi was named one of the "25 Greatest Global Living Legends" by NDTV. On October 7, 2010, she was named the sixth most powerful woman in the world by Fortune magazine. From a skin care guru to big tech executives, meet the newest additions to Forbes latest list of the countrys most successful women entrepreneurs, executives and entertainers. 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. 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. 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. WATCH Oct 13, 2021 Indra. She quickly rose through the ranks and was promoted to vice president and director of corporate strategy and planning in 1988. However, Nooyi continued to serve as the chairman of the company until early 2019. PepsiCo CEO until 1994 and CFO until 2001, respectively. Indra Nooyi always believed that we should spend time with our family and friends apart from our work and enjoy every moment with them. She began her career in the product industry as a product manager for Johnson & Johnson and Mettur Beardsell. This is what a great leader does. December 8, 2022 She has consistently ranked on Forbes magazines list of The World's 100 Most Powerful Women. In keeping up with this belief, she led PepsiCos acquisition of Tropicana and the merger with Quaker Oats Company. In spite of her very hectic corporate career, Indra always prioritizes her family and maintains close relations with her mother. As an Indian-American, she has achieved success within the corporate sphere, most notably as the former CEO and executive of PepsiCo. PepsiCos acquisition over Tropicana and merger with Quaker Oats Company was because of Nooyi and her significant contribution. She has been instrumental in the diversification and expansion of PepsiCos brands which had primarily been more focused on soft drinks. She is also an advisor to several early-stage companies. Indra Nooyi is the former Chairman and CEO of PepsiCo (2006-2019). 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. Indra Nooyi: Biography, Family, Education - Javatpoint Nooyi served as the companys CEO (200618) and chairman of the board (200719). They married soon after her graduation and their daughter Preetha was born in 1984. Indra receiving her masters degree from the Indian Institute of Management Calcutta. 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. Both of these ventures proved to be highly profitable to the company. The experience made her determined to gain an advanced qualification, but this time, in the US. Indra Nooyi Net Worth . Listed among Time's 100 Most Influential People in The World in 2007 and 2008. Nooyi is a Successor Fellow of the Yale Corporation. Indra Nooyi - Wikipedia She grew up in a close family with two siblings, her parents, and her grandparents. 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. It would make her an absolutely unmarriageable commodity after that.. https://www.thefamouspeople.com/profiles/indra-nooyi-6440.php. [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. Between 1994 and 2000, Ms Nooyi directed corporate strategy and development for the company. Indra Nooyi - Biography & Career Accomplishments - Thomasnet