[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. Ms Nooyi is now a member of the board of Amazon, where she chairs the audit committee. 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 keeping up with this belief, she led PepsiCos acquisition of Tropicana and the merger with Quaker Oats Company. [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. 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. Her father was a bank official, and her mother was a house wife. Brands. 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. She has been instrumental in the diversification and expansion of PepsiCos brands which had primarily been more focused 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. In 1974, she graduated from Madras Christian College of the University of Madras with bachelor's degrees in physics, chemistry, and mathematics. She was educated at Holy Angels Anglo Indian Higher Secondary School. Nooyi completed her schooling at Holy Angels Anglo Indian Higher Secondary School. Please include the Ray ID (which is at the bottom of this error page). Indra Nooyi. PepsiCo's main businesses include Quaker, Tropicana, Gatorade, Frito-Lay and Pepsi-Cola. At the time, Indra was working for top consultancy BCG in Chicago. She studied physics, chemistry and mathematics before graduating in 1974. 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. [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. Her total remuneration had increased to $19,087,832 by 2014, including $5.5 million in equity. Get Tickets. 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. Indra K. Nooyi is the Chairman of the Board of Directors and Chief Executive Officer at PepsiCo. The divesture resulted in the creation of Tricon Global Restaurants, Inc., now renamed as Yum! Addresses: OfficePepsico, 700 Anderson Hill Rd., Purchase, NY 10577.. Career. It was a monumental task the brand was struggling to become a household name, but Nooyi eventually succeeded in increasing its visibility. began before she assumed her first and second jobs in India as a project manager at Mettur Beardsell, Ltd. and Johnson & Johnson respectively. Nagar. She later held executive positions at Motorola, Inc., and the engineering firm Asea Brown Boveri (now ABB). In 2007 and 2008, she was one of Times 100 Most Influential People in the World. 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. What changes did you see between when she attended and when you were a student? But to get here and to stay here, lots of tradeoffs, lots of sacrifices under the water, a lot of collateral damage. I'm very fortunate to have a wonderful husband, two great kids, a very tight-knit family, an awesome job with a great team. She has consistently ranked on Forbes magazines list of The World's 100 Most Powerful Women. 0, Last Updated on December 13, 2022 by admin. PepsiCo at that time owned KFC, Pizza Hut, and Taco Bell restaurant chains. She celebrates her birthday on 28 October. The annual net profit of PepsiCo increased to $6.5 billion from $2.7 billion. She became the CEO of PepsiCo in 2006 and became the fifth CEO in PepsiCo's 44-year history. WATCH Oct 13, 2021 Indra. 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. Indra Nooyi Books . Ms Nooyi served as a member of the PepsiCo Board of Directors from 2001 to February 2019. Both Nooyi and Ko will also co-chair the Reopen Connecticut Advisory Group. and in 2021 was inducted into the National Women's Hall of Fame. However, up until the beginning of 2019, Nooyi maintained his position as the companys chairman. While studying at the Yale University, she worked as a receptionist from midnight till sunrise. 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. Courses & Certifications; Research & Resources; Scholarships . She also used to play guitar in a band. Nooyi spent the next six years as a consultant for the acclaimed Boston Consulting Group. Our editors will review what youve submitted and determine whether to revise the article. Nooyi has said that she is very proud of her daughters' accomplishments and that she is very grateful for their education. 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. Between 1994 and 2000, Ms Nooyi directed corporate strategy and development for the company. Despite taking on an assignment even a seasoned manager might struggle with, Nooyi came out on top. 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. 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. 2023 Forbes Media LLC. Our aim is to provide you all the latest informational articles related to different niches, 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. For her latest notes on work, family, and our future, subscribe to her newsletter, Insight. 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. 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. [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. In her childhood, she was a rebellious young girl and was known to be "wild". She enjoyed being a learner and graduated in 1980. With more than $66 billion in annual net revenue, PepsiCo makes hundreds of . In 1994 Nooyi joined PepsiCo as senior vice president of corporate strategy and development. ", "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. Let us know if you have suggestions to improve this article (requires login). In 2009 and 2010, Fortune ranked her first on its list of the Most Powerful Women in Business. In 1990, she was senior vice president and director of corporate strategy and strategic marketing at Asea brown Boveri. Nooyi was a member of the girl's cricket team. She also served as PepsiCo's senior vice president for corporate strategy and development from 1996 until 2000, and as PepsiCo's senior vice president for strategic planning from 1994 until 1996. 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. Indra Nooyi announced she will step down as CEO of PepsiCo after 12 years. [45], Nooyi is also the co-chair of Connecticut-based nonprofit organization AdvanceCT. She has been looking for an upgrade, expanding, and diversifying PepsiCo's products and brand by more focusing on soft drinks. In this position, she worked on a variety of strategy projects for the next six years. Mrs. . 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. She has been named 2009 CEO of the Year by Global Supply Chain Leaders Group. Tuesday, Mar. In 1981, she married Raj K. Nooyi, who is the president at AmSoft Systems. After this, she worked as a director of international corporate strategy projects at the Boston Consulting Group. 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 served as the companys CEO (200618) and chairman of the board (200719). Using the advice of a professor she confided in, she took on her next interview in a sari and nailed it. Please refer to the appropriate style manual or other sources if you have any questions. Read an excerpt here. Indra Nooyi Education. 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). 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 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. She also went to the Yale School of Management for her further education. [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. From April 2015 until April 2020, she was a director of Schlumberger Limited. Forbes magazine ranked Nooyi on the 2008 through 2017 lists of The World's 100 Most Powerful Women. In 2013, Nooyi was named one of the "25 Greatest Global Living Legends" by NDTV. Nooyi resides in Greenwich, Connecticut, with her two daughters. As an Indian-American, she has achieved success within the corporate sphere, most notably as the former CEO and executive of PepsiCo. [97], Her older sister Chandrika Krishnamurthy Tandon is a businesswoman and also a Grammy-nominated artist. She is also a member of the Board of Trustees of Eisenhower Fellowships, and has served as Chairperson of the U.S.-India Business Council. She completed her studies in India. My childhood home was defined by particularly progressive thinking when it came to educating women. Indra K. Nooyi, "Indra Krishnamurthy Nooyi Receives Honorary Doctorate From NYU", "Khushwant, Karnik, Nooyi, Remo, Mittal on Padma list", "Babson College Commencement 2004: Citations for Medalists", "PepsiCo president Indra Nooyi elected to Yale Corporation", "Amazon.com, Inc. - Officers and directors", "Temasek launches Americas Advisory Panel", "PepsiCo CEO Indra Nooyi Joins Trump's Business Council", "Ex-PepsiCo CEO Indra Nooyi joins Amazon's board", "Class of 1951 Distinguished Lecture Series and Chair for Leadership Study", "MIT School of Engineering | Dean's Advisory Council", "MIT Corporation elects 12 term members, three life members", "Indra Nooyi becomes Yale's biggest alumni donor", "A gift that keeps giving: Indra Nooyi is 'most generous graduate' of Yale school of management - India News , Firstpost", "Distribution of 200K books to Connecticut students could start next week", "PepsiCo's CEO shares the trick that has helped her stay married for 37 years", "Pepsi's Indra Nooyi Led Non-Soda Growth; Women CEO Exemplar", "Clinton, Nooyi, Sonia among "World's Powerful Moms" list", "7 CEOs with notably devout religious beliefs", "Indra Nooyi on making Pepsico "good for you and me", PepsiCo names Nooyi CEO as Reinemund retires, The Pepsi Challenge, profile Indra Nooyi (Fortune), Reference for Business: Indra Nooho Leadership Biography, Video of discussion with Indra Nooyi at the Asia Society, New York, 4/14/2009, Harvard Business Review: Becoming a Better Corporate Citizen, https://en.wikipedia.org/w/index.php?title=Indra_Nooyi&oldid=1142689078, American chief executives of food industry companies, Indian Institute of Management Calcutta alumni, Recipients of the Padma Bhushan in trade and industry, American chief executives of Fortune 500 companies, Articles with dead external links from January 2018, Articles with permanently dead external links, Articles with dead external links from August 2021, Short description is different from Wikidata, All Wikipedia articles written in American English, Articles with unsourced statements from June 2019, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 3 March 2023, at 21:20. She played an instrumental role in PepsiCos acquisition of Tropicana and merger with Quaker Oats Company. (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). 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. 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. Awards and Milestones. [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.
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