Her father was a bank official, and her mother was a house wife. Growing up in Madras (now Chennai), Tamil Nadu, India, Nooyis academic beginnings started at Holy Angels Anglo Indian Higher Secondary School. She has worked with many prestigious organizations like Boston Consulting Group (BCG), Motorola, and Asea Brown Boveri. PepsiCos acquisition over Tropicana and merger with Quaker Oats Company was because of Nooyi and her significant contribution. 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. In 2008, Forbes ranked her third among the most powerful women. She deserves recognition as a corporate visionary, an outstanding leader, a change agent, and a talent maven. 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. President and Chief Financial Officer of Pepsico. Her visionary approach to problem-solving enabled her to craft effective strategies that had a profound impact on the companys trajectory. In 1994 Nooyi joined PepsiCo as senior vice president of corporate strategy and development. In this position, she worked on a variety of strategy projects for the next six years. Nooyi has been listed among the top female executives in the United States and the World's 100 Most Powerful 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. Performance & security by Cloudflare. Her inspiring story has set an example for people of all ages and backgrounds. She became the school's biggest alumni donor in history and the first woman to endow a deanship at a top business school with her gift. Daughters- Tara Nooyi, Preetha Nooyi: [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. A natural born leader. Everything goes old after a day, life keeps on going and getting upgraded. Nooyi managed to introduce the products to young women by directly marketing to female students at schools and colleges. [64], In 2019 Nooyi received the Bower Award for Business Leadership from the Franklin Institute Awards Program. Nooyi has said that it wants to create a line of snacks just for women because it thinks this is a market that hasnt been explored before. Let us know if you have suggestions to improve this article (requires login). Indra Nooyi Biography is very inspiring. In 1994, she was invited by Wayne Calloway, Jack Welch, the head of General Electric, and PepsiCo CEO, for jobs in their respective organisations. 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. It would make her an absolutely unmarriageable commodity after that.. 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. What do PepsiCo, Motorola and Amazon have in common? 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. The experience made her determined to gain an advanced qualification, but this time, in the US. Ajay Banga Bio, Age, Family, Wife, Daughter, General Atlantic, Mastercard, Net Worth, Arvind Krishna Bio, Age, Family, Wife, Education, Salary, Book, Net Worth, Copyright 2023 | WordPress Theme by MH Themes, Meet Arvind Krishna: The Rising Star of the Corporate World. Other executives at PepsiCo and critics on Wall Street initially opposed the $3.3 billion acquisition of Tropicana. 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. Both Nooyi and Ko will also co-chair the Reopen Connecticut Advisory Group. 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. 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. Due to her devotion to the teachings and traditions of her faith, she is a devoted Hindu who abstains from alcohol and practises vegetarianism. She has always denied supporting the so cold binding and conservative norms existing in society. [91][92] Nooyi and her husband Raj donated 187,000 Scholastic books to Connecticut's alliance school districts as part of the Partnership for Connecticut during the COVID-19 crisis. Under her leadership, PepsiCos revenues increased from $35 billion in 2006 to $63.5 billion in 2017. In 2009 and 2010, Fortune ranked her first on its list of the Most Powerful Women in Business. In 1974, she graduated from Madras Christian College of the University of Madras with bachelor's degrees in physics, chemistry, and mathematics. As CEO, she thwarted a bid to break up PepsiCo, nearly doubled sales and introduced healthier products and environmentally friendly practices. 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. Image Credits: Dave Puente Photography. 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. Nooyi has been listed among the top female executives in the United States and the World's 100 Most Powerful Women. A Conversation with Indra Nooyi. 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. Bringing you the latest news, trending topics and continuing professional education advice about online learning institutions worldwide. In 1980, Nooyi started working as a strategy consultant at the Boston Consulting Group (BCG) and then joined Motorola on the designation of Vice President and Director of Corporate Strategy and Planning, then she moved to join Johnson & Johnson on the designation of a product manager. She was consistently . 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. Nooyi was a member of the girl's cricket team. 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. [8][9] She also serves on the boards of Amazon and the International Cricket Council. 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. Nooyi also focused on sustainability and environmental issues as part of Performance with a Purpose. Nooyi served as the company's CEO (2006-18) and chairman of the board (2007-19). Nooyi spent the next six years as a consultant for the acclaimed Boston Consulting Group. Her total remuneration had increased to $19,087,832 by 2014, including $5.5 million in equity. Today, shes doing just that while mothering her two children and prepping for the release of her much-anticipated memoir. Nooyi is a resident of Connecticut and a Yale SOM classmate of Connecticut Governor Ned Lamont. She loved to play cricket. In 1986, she moved to Motorola as a senior executive in the automotive division development team. On October 7, 2010, Fortune magazine ranked her the 6th most powerful woman in the world. A brilliant student, she completed her MBA from the Indian Institute of Management in Calcutta, and worked with Johnson & Johnson. Jobs at Mettur Beardsell, Ltd. and Johnson & Johnson followed suit after her graduation in 1976. She became the CEO of PepsiCo in 2006 and became the fifth CEO in PepsiCo's 44-year history. In a middle-class but conservative family. [17], Beginning her career in India, Nooyi held product manager positions at Johnson & Johnson and the textile firm Beardsell Ltd. Ms Nooyi is the recipient of 15 honorary degrees. 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. Indra Nooyi Education. She celebrates her birthday on 28 October. [41] During her tenure, the company's sales grew 80%. It was a monumental task the brand was struggling to become a household name, but Nooyi eventually succeeded in increasing its visibility. 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. Brands, Inc., which is today one of the world's largest fast food restaurant companies. PepsiCo CEO until 1994 and CFO until 2001, respectively. 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. Nooyi's family was middle class and, like most of their neighbors, devout Hindus and relatively conservative. (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). Cloudflare monitors for these errors and automatically investigates the cause. At that time advertising for feminine hygiene products was banned in the country and Stayfree was struggling to gain a foothold. Born into a middle-class family in Chennai, Nooyi has always been someone who refused to adhere to the conservative norms of the society. 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. [81] She serves as a member of the Foundation Board of the World Economic Forum, International Rescue Committee, Catalyst[82] and the Lincoln Center for the Performing Arts. in 1997. She has been a member of the All-Girls Cricket Team. In 2013, Nooyi was named one of the "25 Greatest Global Living Legends" by NDTV. Indra Nooyi Education . Both of these ventures proved to be highly profitable to the company. Laurie Spens Photography. Copyright BlogzBite 2021. Cloudflare Ray ID: 7a2b1030c8fe1085 Nooyi served as the companys CEO (200618) and chairman of the board (200719). Nooyi worked as CEO of PepsiCo for 12 years, which is 7 years longer than any average CEO tenure. Nooyi was president and chief financial officer before becoming CEO. 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). Corrections? Nagar. [99], In India, she used to play cricket and was also in an all-girl rock band, where she played guitar.[100]. 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. [94] Nooyi has two daughters and resides in Greenwich, Connecticut. Indra Nooyi sharpened her ability to simplify complexity and communicate clearly. [27] PepsiCo's annual net profit rose from $2.7 billion to $6.5 billion. Indra will be speaking on Wednesday, January 12, from 10:00 - 11:15 a.m. PST. 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. [60] After five years on top, PepsiCo's Indian American chairman and CEO Indra Nooyi has been pushed to the second spot as most powerful woman in US business by Kraft's CEO, Irene Rosenfeld.[61]. 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. [39] The third component of Performance with a Purpose involved creating a culture where workers were encouraged to stay with the company. She grew up in a close family with two siblings, her parents, and her grandparents. In 2017, Forbes ranked her the second most powerful woman in business. 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. Associate Editor, Encyclopdia Britannica. Now what? My Life in Full is a New York Times bestseller and available in multiple languages. She was an excellent student, she earned her master's degree in Business Administration from the IIM, Calcutta, and also worked with Johnson & Johnson. She also aggressively pursued international expansion. In her book 'My Life in Full', former PepsiCo CEO and Chair Indra Nooyi (above) makes a plea to men: Come to the table on gender equality.. And, no wonder. Worked at British textile company Tootal in India . [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. Indra Nooyi entrepreneur . She was born as Indra Krishnamurthy on 28 October 1955, in Madras (now Chennai), Tamil Nadu, India, into a conservative middle-class family. Nooyi is a Successor Fellow of the Yale Corporation. The oil on canvas work created in 2019 by Jon R. Friedman was commissioned by the museum to be part of the collection. She thoroughly enjoyed her learning experience at Yale and graduated in 1980. In 2009, She has been elected as CEO of the Year, by the Global Supply Chain Leaders Group. from Madras Christian College in 1974 P.G.D.M. However, Nooyis move was a step up to focus on championing workplace equality. Indra Nooyi has always been highly innovative . because we know knowledge is power and we want to be your medium of power. Eventually she moved on to work with Johnson & Johnson as a product manager. 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. [86], Since February 2019, Nooyi has been a member of the board of directors at Amazon. PepsiCo at that time owned KFC, Pizza Hut, and Taco Bell restaurant chains. 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. 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 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! Nooyi discusses her trajectory to become the first woman of color and immigrant to run a Fortune 50 company, the difficulties that came with managing a demanding job with a growing family, and what she learned along the way. When you are given big responsibilities that, surely, it becomes hard to manage the balance between your work and your personal life. The yearly net profit of PepsiCo increased from $2.7 billion to $6.5 billion. Apart from her busy career, Indra has made sure that her family stays her priority and her closeness with her mother. Indra Nooyi Net Worth . READ: Meet Arvind Krishna: The Rising Star of the Corporate World. 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. Tuesday, Mar. 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. 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. [45], Nooyi is also the co-chair of Connecticut-based nonprofit organization AdvanceCT. 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. The fifth chairman and CEO in PepsiCos 42-year history, Nooyi was the first woman to lead the soft-drink and snack-food giant and one of only 11 female chief executives of Fortune 500 companies. [63], Nooyi was selected as one of the 2019 American Portrait Gala honorees by the Smithsonian's National Portrait Gallery. Nooyi attended Holy Angels Anglo Indian Higher Secondary School in Chennai, India, which is an all-girls Roman Catholic private convent school. Qualification: B.S. [29][38] In 2015, Nooyi removed aspartame from Diet Pepsi. In 1976, he graduated from the Indian Institute of Management Calcutta with a Post Graduate Programme Diploma. Nooyi was named on Wall Street Journal's list of 50 women to watch in 2007 and 2008. Welcome to the BlogzBite.com Informational Article Web Page. 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. [3][4][5], She has consistently ranked among the world's 100 most powerful women. As one example, Nooyi wrote to the parents of her leadership team and visited their homes to create the personal connection. This strategic move gave PepsiCo leverage against Coca-Cola, which owns Powerade, the second-largest sports drink company, just like the Tropicana acquisition did. Her father was a bank official. Indra's memoir, a New York Times bestseller, offers insight and a call-to-action from one of the world's most-admired business leaders on how our society can blend work and family and advance women in the 21st century. WATCH Former PepsiCo CEO Indra Nooyi with Moira Forbes on her trailblazing career, the future of work, and solving for our childcare crisis. 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. As a product manager at Johnson & Johnson, she was tasked to introduce Stayfree sanitary napkins to the Indian market. Additional troubleshooting resources. 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. She is married to Raj Nooyi, a management consultant of Indian origin. This will save you time, money, and strength. SOURCE: Paul Morigi / Getty Images for Fortune / AFP. 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. There is an issue between Cloudflare's cache and your origin web server. On October 7, 2010, she was named the sixth most powerful woman in the world by Fortune magazine. Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree. 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. Nooyi came in second place on Fortunes 2015 list of the most influential women. 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. My life in full Indra nooyi In 1994, Jack Welch, the head of General Electric, and Wayne Calloway, PepsiCo CEO, both offered her jobs in their respective companies. Nooyi has said that she is very proud of her daughters' accomplishments and that she is very grateful for their education.
