1953 She wanted to take care and spend more time with family. Reinemund and Nooyi were portrayed in business circles as something of a corporate odd couple. They hadnt necessarily sung together before, Start with the big picture. This is a strictly moderated site. CONNECTICUT WOMENS HALL OF FAME320 Fitch Street,Schwartz Hall - B3,New Haven, CT, 06515(203) 392-9007. These cookies ensure basic functionalities and security features of the website, anonymously. Music enables me to get there most of the time. Soft drinks and snack foods don't get the best press these days, but that hasn't slowed Indra Nooyi's campaign to restructure PepsiCo, one of the world's largest food and beverage companies. They just are., Mentors choose you. At key meetings she makes sure he is seated on her right. s.src = p + "://api.content-ad.net/Scripts/widget2.aspx?" Corrections? 2019Encyclopedia.com | All rights reserved. No economy in the world can be successful without tapping into the incredible potential of women., Bring together what is good for business with what is good for the world., The challenge of a leader is looking around the corner and making change before it's too late., Women helping each other - coaching, mentoring, and providing tips - is a great way for us to be our own force., Leadership is hard to define and good leadership even harder. In the fourth quarter of 2007, revenue went up 17%, to $12.3 billion, and operating profits rose 9%, to $1.7 billion. Speaking at the Aspen Ideas Festival this week, Nooyi said that women . It is like quieting ones mind and internal chatter for concentrated periods of time. It was a phone call with the then CEO, Wayne Calloway, that cemented her decision. "She loves America and the country has rewarded her hard work. It permeates all aspects of my being. Mrs Nooyi got an undergraduate degree . She has created a motto - "Performance With Purpose" - that puts a positive spin on how she wants PepsiCo to do business both at home and abroad. On the day she became President of Pepsico in December 2000, Indra Nooyi returned home bursting to share her success with her family only to get the following response from her mother: "You may. 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. Indra Nooyi is married to Raj Nooyi and has 2 daughters.She studied in holy angel's aihss, Chennai. Omissions? When they'd been kicked out of a board meeting the previous month while their fates were being discussed, they went to the Jersey Boys musical on Broadway and sang along to all the Frankie Valli songs. A Yale course on communication was unlike any she had taken before. Nooyi, whose aunt was a noted Indian vocalist, said that she had music running through her head constantly, and she sometimes hummed during tense business meetings. "You must have fun in whatever you do. She blogs at Times (London, England), August 15, 2006. Contrary to this, Indra got married in 1980 to Raj K. Nooyi. She grew up in a home that thrived on music but she never got the opportunity to follow that path as she pursued her business education. . So it was no surprise when Nooyi was named PepsiCo's new chief executive on August 14, 2006, after Reinemund announced his retirement. Do not include your name, "with regards" etc in the comment. "I believe we need an approach like this to attack obesity. Indra and Raj have two grown-up daughters - Preetha Nooyi and Tara Nooyi. Share your knowledge and earn revenue! id: "36f20c3a-77f4-4051-a0e0-5744b04fc35f", I doubt there is another autobiography that has a beginning as majestic as this., The book contains several hilarious episodes that many immigrants from India faced in the western world during their first few days or weeks in a brand-new environment, especially in the sixties and the seventies. At a recent performance of She is a big fan of old comedies starring Nagesh. A devout Hindu, Nooyi went to temple and prayed regularly. Rick Wagoner Friends in the United States convinced her that she should apply for admission, and Nooyi mailed her application off without really thinking it would be successful. A dinner gathering at her house is as likely to include Tony Blair and government ministers from India or Mexico as traditional pinstriped business types. Within the Cite this article tool, pick a style to see how all available information looks when formatted according to that style. Her friend Henry Kissinger predicts that it's only a matter of time before she is plucked for a big Washington post, possibly a cabinet job, and Nooyi acknowledges that at some point, she'd like that. Indra Nooyis family has a huge hand in her success, Lori Stokes leaves Channel 7: Whats next after Eyewitness News? . Nooyi is one of the top female executives in the United States and is consistently ranked among the World's 100 Most Powerful Women. Indra K. Nooyi has been a director since February 2019. Indra K. Nooyi served as CEO and chairman of PepsiCo from 2006 to. "A Woman with Fizz and Bottle," Guardian Unlimited (London, England), http://www.observer.guardian.co.uk/business/story/0,,1853951,00.html (December 23, 2006). https://www.encyclopedia.com/economics/news-wires-white-papers-and-books/nooyi-indra-k-1955, Halpern, Tim "Nooyi, Indra K. 1955 And if you are just the next greedy American corporation, you don't stand a chance in China's tight labor market. I lived with the CEO and the management teamand restored the bank to profitability, which made waves in the market. Indra began her career with PepsiCo in 1994 as Senior Vice President of Strategic Planning and was promoted in 1996 to Senior Vice President of Corporate Strategy and Development. of 15 NEXT ." Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. d.getElementById("contentad587938").appendChild(s); Indra found this to be a challenging position, as advertising womens feminine products was not allowed in India. "Tell me whatever I need to do to keep you, and I will do it," she told her longtime colleague, who was vice chairman at the time. She remained a very average student during her diploma in management course. : Not Known, She was raised by her mother along with her sister and in an interview, she revealed that every night at the dinner table, her mother asked them to write a speech about what we would do if we were. Overview Indra is already in her 60s and is still deeply attached to her parents, especially her mother, who has been a major influence in her life. As CEO, she thwarted a bid to break up PepsiCo, nearly. We had to think of how to simplify complicated arrangements and produce similar sounds with fewer instruments. She also worked in a textile firm mettur breadsell.In 1978 she went to yale school of management, usa, for studying master's degree in public and private management. This is also the Q3 Earnings letter. Nooyi was also one of the few foreign-born executives of either gender in top U.S. corporate ranks. If companies don't do [responsible] things, who is going to? For me, its become almost a meditation. Encyclopedia.com. Speaking to the Financial Times, she said. While every effort has been made to follow citation style rules, there may be some discrepancies. Indra Nooyi Career Profession: Business Executive, Board Member, Amazon Known For: Indian American business executive Salary: $18.6 million (as in 2014) Net Worth: $144 million (as in December 2014) Family & Relatives Father: Not Known (employed at the State Bank of Hyderabad in India) Mother: Not Known Brother: Narayan Krishnamurthy (Fortune Magazine) -- Pepsi can have a strange effect on people. She grew up in a home that thrived on music but never followed that path, engaged as she was with building a career. 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! Indra Nooyi, former CEO of PepsiCo, joined Amazon's board of directors Monday. Address: PepsiCo, Inc., 700 Anderson Hill Road, Purchase, New York 10577; http://www.pepsico.com. Since becoming CEO, she has reorganized PepsiCo to make it less fixated on the U.S. and broadened the power structure by doubling her executive team to 29. You had many performers on the album and recorded it on three continentshow did you manage to fine-tune it for the stage? Her ability to find value in an acquisition is very high" (Contra Costra Times, December 10, 2000). So really I don't look upon it as a chore. Highlighting the on-the-go lifestyle that fuels demand for her company's products, she once commented that she had not realized how precious time was until she noticed a driver on the highway flossing his teeth. They also made sure to instill the belief in Indra and her two siblings that they could become anything they wanted to be regardless of gender, encouraging all three of their children to dream big. Last year, she received the 2019 Horatio Alger Award, which honors outstanding leaders who have accomplished great successes in spite of adversity. There had been speculation that she would be given the leadership of a PepsiCo division to add to her experience in the field of day-to-day operations management, the one gap in her resum, but she was the clear choice as Reinemund's replacement, especially in view of a crisis facing PepsiCo in her native India, where both Pepsi and Coke soft drinks had been banned in several Indian states after an activist group charged that they showed high levels of pesticide contamination. Can you share with us the journey, beginning with the idea and its birth? Indra Nooyi, My Life in Full: Work, Family and Our . Nooyi continued the strategy of making PepsiCo a well-balanced consumer-products company that was less reliant on sales of its flagship soft drinks. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. 2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Nooyi studied video recordings of Chicago Bulls basketball games, not only to become familiar with the pro sports world but also to glean insights about teamwork. The current net worth of Indra Nooyi is $80 million. d: "ZWNlbGVicml0eWZhY3RzLmNvbQ==", Factset: FactSet Research Systems Inc. 2018. You also have the option to opt-out of these cookies. International Directory of Business Biographies. The company's stock has more than doubled since 2003 and now hovers around $70 a share, up about 10% since she took over. Her sister Chandrika Krishnamurthy Tandon is a singer. Done her graduation from Madras Christian college in 1974. wid: "480652", Chanting was all around me. Nooyi, who ran the snack and beverage company for 12 years, stepped down in October . Cable News Network. Chandrika was born in Tamil family in Madras now called Chennai. She learned to analyze problems in detail and to work with a team on typical American corporate planning projects. 63). . Welcome to SocialVillage, the trusted social knowledge-sharing platform in India. She played lead role in acquisition of Tropicana in 1998 and also in merger of quacker oats and Gatorade to pepsico. "Just as the American people are saying no to the political status quo, it is time to say no to the status quo of left-wing corporatism," Peter . Indra Nooyi, PepsiCo's CEO recently published a note on LinkedIn which is going for viral for its meaningful message. 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. Sources Laurie Spens Photography. d: "ZWNlbGVicml0eWZhY3RzLmNvbQ==", About why she left a lucrative position with McKinsey to branch out on her own, she says, In 1986 I worked with a failing bank in Brazil. In fact, I find work very therapeutic" (Business India, January 8, 2001). In the end, White decided to stay. Meanwhile, archrival Coke (KO, Fortune 500) is gearing up to revive the cola wars with such products as calorie-free Coke Zero, which looks like a hit, and the company's newly acquired Vitaminwater lineup. Indras parents have played a major role in shaping her career. that defines and consumes her the most Nooyi worked directly with PepsiCo's then CEO Roger Enrico and was involved in every major strategic decision that Enrico made as CEO. In addition to her work at PepsiCo Indra serves on numerous boards including the PepsiCo board of Directors, U.S.-China Business Council, U.S.-India Council and The Consumer Goods Forum. Indra Nooyi, whose amazing story is still a work in progress, deserves recognition for many reasons: as a corporate visionary, an outstanding leader, a change agent, and a talent maven, among others. "If you look at the job entirely from the American perspective, then it becomes impossible to run a global business," says Kissinger, who consults for Pepsi and other companies on international matters. scholarships, and courses in contemporary musicmany pilots have occurred in India, impacting thousands of students. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. wid: "587938", Nobody can take your place. Getty Images. Awards: Named one of the "most powerful women in business" by Fortune magazine. The above address is for mailing and administrative purposes. Every night at the dinner table, my mother would ask us (her elder sister) to write a speech about what we would do if we were president, chief minister or prime minister every day would be a different world leader shed ask us to play. It was a very intensive, holistic restructuring deal involving She's cosmopolitan, rigorously educated, and a strategic thinker - her background is Boston Consulting Group - much more interested in the burgeoning markets in Russia and China than in the noisy U.S. cola wars. He is the president of an IT company called Amsoft System. Chandrika, and my younger brother, Nandu. She was told that an early arranged marriage was her destiny, with her mother collecting stainless steel utensils for her dowry from birth. But theres more to life than the next big business deal. Nooyi said, "When other PepsiCo executives continued to question the $3.3 billion acquisition at a final meeting, Roger and I just told them, 'We are going to do it'" (Contra Costa Times, December 10, 2000). Indra Nooyi. Translations in: Portuguese, Russian, French, Chinese, Korean, Vietnamese, German, and Mongolian, and additional Indian dialects, CEO and care do not usually go together, but for Indra Nooyi, they always have. Around the same time, a magazine advertisement for Yale School of Management caught her eye, and she impulsively applied. Although analysts expressed surprise at the timing of Nooyis appointment as chairman (her predecessor, Steven Reinemund, had served just five years before abruptly deciding to retire), many praised the skills that she would bring to the job. International Directory of Business Biographies. It really changes the way you think about people, how you spend your time. If the forest were only filled with nightingales, it would be a very boring forest indeed. Some industry insiders predicted that she would be moved to another area of the company to gain experience running her own business division. komradio lastbil motorola; grs under protest webbkryss. In this role, 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. Cite this article Pick a style below, and copy the text for your bibliography. . "So you leave that crown in the garage.". PepsiCo thought enough of her to bring in former CEO Christopher Sinclair, who had grown up in India as the son of an Exxon Mobil executive, to her interview to try to help sell her on the organization. At the 2008 World Economic Forum in Davos she told Secretary of State Condoleezza Rice it was critically important that "we use corporations as a productive player in addressing some of the big issues facing the world.". Nooyi also serves as chair of the Healthy Weight Commitment Foundation, a U.S effort that brings together retailers, restaurants and food and beverage manufacturers to help reduce obesity, especially in children. Career: Johnson & Johnson and Mettur Beardsell, product manager; Boston Consulting Group, 19801986, director of international corporate strategy projects; Motorola, 19861988, member of automotive division development team; 19881990, vice president and director of corporate strategy and planning; Asea Brown Boveri, 19901994, senior vice president of corporate strategy and strategic marketing; PepsiCo, 19942001, senior vice president of corporate strategy and development; 2001, president. "You have to relate your interests to the interests of other parts of the world - to be relevant in their societies. She believed that PepsiCo's core products, its soft drinks and Frito-Lay salty fried snacks, faced flat or declining sales in the future owing to consumers' desires for healthier lifestyles, and that the company needed to diversify into new products within the field of packaged foods. Morningstar: 2018 During an annual conference of the Indian Institute of Management, Calcutta, she also revealed that she still calls her mother 2-3 times a day. She was born as the second child of the family. Reinemund, a former U.S. Marine, was the classic buttoned-down executive, but Nooyi was less conventional in her saris or long scarves. Indra Nooyi Former CEO of PepsiCo. The first woman of color and immigrant to run a Fortune 50 company and one of the foremost strategic thinkers of our time she transformed PepsiCo with a unique vision, a vigorous pursuit of excellence, and a deep sense of purpose. 'https' : 'http'; I wanted to keep the essence of the music for the stage but also highlight the talent of the musical maestros with whom I collaborated for this productionthe likes of Kenny Werner, Snehasish Mozumder, Jamey Haddad, and our musical director, Matthias Teese Gohl. In 2007 she becomes the fifth CEO of pepsico. Said Nooyi, "It was unheard of for a good, conservative, south Indian Brahmin girl to do this. The 100 highest paid CEOs of the biggest companies by revenue earned more than $1.6 billion (Rs 10,430 crore) as salary last year, with India-born Pepsico CEO Indra Nooyi becoming the second . Halpern, Tim "Nooyi, Indra K. 1955 I try to apply it in everything I do. She further gave an uplifting and motivating speech that urged the students to visit their parents regularly. Follow us on our social media channels to stay connected. Industry analysts at Bank of America say PepsiCo "is demonstrating great flexibility in a tough environment.". With the U.S. marketplace in slow-growth mode even in the best of times, the biggest opportunities are overseas. "It would make her an absolutely unmarriageable commodity after that.". The two implemented an even bigger deal, a joining of Pepsi with the venerable Quaker Oats Company that was variously described as a takeover and a merger. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Encyclopedia of World Biography. As the global business icon stood between US President Barack Obama and Indian Prime Minister Manmohan Singh . Corporate executive Key Highlights 62-year-old Indra Nooyi took over as CEO in 2006, becoming the first woman chief executive of PepsiCo She will step down as CEO on October 3 and the second-largest food and beverage company has elected Ramon Laguarta, 54, to succeed her Her resourcefulness, humility and persistence shine through as she navigates her way from Southern India to the heights of corporate America. Suddenly, however, a change in the economic environment is likely to test whether Nooyi is a leader for all seasons. from Madras Christian College in 1974, Does Indra Nooyi drink alcohol? Former PepsiCo CEO Indra Nooyi always thought of writing a memoir as a "vanity project." However, Nooyi says when she started writing policy papers about supporting women, families and essential workers after her retirement from PepsiCo - she quickly realized her personal story would help get her ideas noticed. Induction Category: Business & Labor. From studying at IIM-Calcutta to being a successful businesswoman, Nooyi dons several hats. So far, so good. This cookie is set by GDPR Cookie Consent plugin. According to Steven Baronoff, cohead of mergers at Merrill Lynch, which represented PepsiCo, "Throughout the whole process, she was disciplined and held very firm" (Contra Costra Times, December 10, 2000). When I was leading a function or a business, there were certain demands and requirements to be a leader. { Her mother and father, a stay-at-home mom and an official or the State Bank respectively, put great importance on education and excelling in school.