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. In 1994, Jack Welch, the head of General Electric, and Wayne Calloway, PepsiCo CEO, both offered her jobs in their respective companies. She was educated at Holy Angels Anglo Indian Higher Secondary School. The annual net profit of PepsiCo increased to $6.5 billion from $2.7 billion. 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. [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. [65], In February 2020, Nooyi was honored with the Outstanding Woman in Business award by the League of Women Voters of Connecticut. WATCH Oct 13, 2021 Indra. As a product manager at Johnson & Johnson, she was tasked to introduce Stayfree sanitary napkins to the Indian market. [67], In 2022, Nooyi was honored with Golden Book Awards.[68]. In 2023, women now make up 8.8% of CEOs on the list. 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. 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. Associate Editor, Encyclopdia Britannica. 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. By 2020, all company-owned facilities in the United States will be powered entirely by renewable energy. She also worked in PepsiCo as Senior Vice President, of Strategic Planning from 1994 to 1996. Then, in 1986, she moved on to Motorola as a senior executive. 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. A CEOs most lasting contribution is oftentimes the intangible. Indra Nooyi is the former CEO of one of the largest food and beverage companies- PepsiCo. Nooyi led a major restructuring, which included getting KFC, Pizza Hut, and Taco Bell divested into Tricon Global Restaurants now known as Yum! 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. She loved to play cricket. Children: Tara Nooyi, Preetha Nooyi Education: University of Madras (BS), Indian Institute of Management, Calcutta (MBA), Yale University (MS) Indra Nooyi is an Indian-American businesswoman, best known as the former chief executive officer of the PepsiCo company. Through this incident, she realised that she wasn't completely prepared for the business world and decided to pursue further education at yale school of management in the U.S. in 1978. In 1981, she married Raj K. Nooyi, who is the president at AmSoft Systems. [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. and in 2021 was inducted into the National Women's Hall of Fame. 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. After this, she worked as a director of international corporate strategy projects at the Boston Consulting Group. from Madras Christian College in 1974 P.G.D.M. 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. 103.74.118.106 The pathway to where she is today began before she assumed her first and second jobs in India as a project manager at Mettur Beardsell, Ltd. and Johnson & Johnson respectively. Biography of Sundar Pichai. Nagar. Laurie Spens Photography. In keeping up with this belief, she led PepsiCos acquisition of Tropicana and the merger with Quaker Oats Company. 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. Her mother was the driving force behind her good grades. She has been instrumental in the diversification and expansion of PepsiCos brands which had primarily been more focused on soft drinks. Qualification: B.S. from IIM Calcutta in 1977 M.A. [98] South Indian Carnatic musician Aruna Sairam is Indra's aunt. [44], In April 2020, it was announced that Nooyi along with Yale epidemiologist Dr. Albert Ko will represent Connecticut on the six-state working group planning for the careful easing of COVID-19 restrictions. 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. Nooyi also focused on sustainability and environmental issues as part of Performance with a Purpose. She celebrates her birthday on 28 October. https://www.thefamouspeople.com/profiles/indra-nooyi-6440.php. PepsiCo's main businesses include Quaker, Tropicana, Gatorade, Frito-Lay and Pepsi-Cola. 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). Jobs at Mettur Beardsell, Ltd. and Johnson & Johnson followed suit after her graduation in 1976. [93], Indra married Raj K. Nooyi, president at AmSoft Systems, in 1981. Eve 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. [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. However, up until the beginning of 2019, Nooyi maintained his position as the companys chairman. 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. Born in T. Nagar, Nooyi received her bachelor's degree from Madras Christian College in 1974. Both Nooyi and Ko will also co-chair the Reopen Connecticut Advisory Group. [49][50], In 2008, she was elected to the Fellowship of the American Academy of Arts and Sciences. [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 1976, he graduated from the Indian Institute of Management Calcutta with a Post Graduate Programme Diploma. As recent as 1995, there were no female CEOs on the Fortune 500 list. The oil on canvas work created in 2019 by Jon R. Friedman was commissioned by the museum to be part of the collection. [86], Since February 2019, Nooyi has been a member of the board of directors at Amazon. 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 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. Nooyi came in second place on Fortunes 2015 list of the most influential women. While every effort has been made to follow citation style rules, there may be some discrepancies. I'm very fortunate to have a wonderful husband, two great kids, a very tight-knit family, an awesome job with a great team. Other executives at PepsiCo and critics on Wall Street initially opposed the $3.3 billion acquisition of Tropicana. Nooyi spent the next six years as a consultant for the acclaimed Boston Consulting Group. She has been offered a job by many prestigious organizations including General Electric and PepsiCo. Nooyi completed her schooling at Holy Angels Anglo Indian Higher Secondary School. Nooyi resides in Greenwich, Connecticut, with her two daughters. [96] She is a devout Hindu who abstains from alcohol and is a vegetarian because of her adherence to the religion's teachings and traditions. There is an unknown connection issue between Cloudflare and the origin web server. [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. Nooyi leads USIBC's Board of Directors, an assembly of more than 60 senior executives representing a cross-section of American industry. She deserves recognition as a corporate visionary, an outstanding leader, a change agent, and a talent maven. Indra Nooyi Net Worth . [10][11], Nooyi was born on October 28, 1955, in Madras (now known as Chennai), Tamil Nadu, India. This will save you time, money, and strength. Nooyi is 67 years old as of 2022. This job required Nooyi to integrate a group of around 15 diverse businesses into a cohesive operation. Indra Nooyi was born in Madras, Tamil Nadu, in 1955. Her job with Johnson & Johnson was quite a challenging one as she was made responsible for managing the introduction of Stayfree sanitary napkins to India. 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. [48], In January 2008, Nooyi was elected chairwoman of the U.S.-India Business Council (USIBC). Indra Nooyi is an Indian born American business entrepreneur and former chairperson and CEO that is chief executive officer at PepsiCo. Our editors will review what youve submitted and determine whether to revise the article. Her younger daughter, Tara, graduated from Yale University. She also serves on the International Advisory Council of Temasek; is an independent director of the International Cricket Council; and a trustee at the National Gallery of Art. Now what? PepsiCos acquisition over Tropicana and merger with Quaker Oats Company was because of Nooyi and her significant contribution. 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. Nooyi serves as an Honorary Co-chair for the World Justice Project. Nooyi stopped using aspartame in Diet Pepsi in 2015. 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. 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. [45], Nooyi is also the co-chair of Connecticut-based nonprofit organization AdvanceCT. [84], In December 2016, Nooyi joined a business forum assembled by Donald Trump to provide strategic and policy advice on economic issues. When she managed to save enough for a suit which she wore to her first post-Yale job interview she got rejected. This is what a great leader does. She has worked with many prestigious organizations like Boston Consulting Group (BCG), Motorola, and Asea Brown Boveri. For attaining something you must have this learning behaviour, keep learning new strategies and solutions. Nooyi has said that she is very proud of her daughters' accomplishments and that she is very grateful for their education. Updates? 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. Nooyi was president and chief financial officer before becoming CEO. The experience made her determined to gain an advanced qualification, but this time, in the US. The win, however, wasnt enough. [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. On October 7, 2010, she was named the sixth most powerful woman in the world by Fortune magazine. Nooyi has been constantly ranked among the world's most powerful women. She has been a member of the All-Girls Cricket Team. In a radio interview, Nooyi stated that PepsiCo is getting ready to launch products designed and packaged as per women's preferences, and based on behavioral differences in the way men and women consume snacks. 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. The couple has two daughters. 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. [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. On October 7, 2010, Fortune magazine ranked her the 6th most powerful woman in the world. In 1986, she moved to Motorola as a senior executive in the automotive division development team. Indra K. Nooyi is the Chairman of the Board of Directors and Chief Executive Officer at PepsiCo. 2023 Forbes Media LLC. Please include the Ray ID (which is at the bottom of this error page). Tuesday, Mar. I was very honored to be included in the Smithsonian Institutions National Portrait Gallery with this painting by artist Jon R. Friedman. Indra Nooyi. In a middle-class but conservative family. Her fortune stems from stock she was granted while working at PepsiCo. Building a culture that encourages employees to stay with the company was the third part of Performance with a Purpose. Prior to becoming CEO, Ms Nooyi served as PepsiCos president and chief financial officer and was a member of the companys board of directors. 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. My childhood home was defined by particularly progressive thinking when it came to educating women. In 2001 she was named president and chief financial officer of the company. 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). [27] PepsiCo's annual net profit rose from $2.7 billion to $6.5 billion. Bringing you the latest news, trending topics and continuing professional education advice about online learning institutions worldwide. Nooyi is the author of the book My Life in Full: Work, Family and Our Future, a memoir that offers insight and a call-to-action on how our society can blend work and family and advance women in the 21st century. And then from 1996 to 2000, she served as Senior Vice President of Corporate Strategy and Development. List of Important National and International Holidays, Days and Dates in Year 2022 | 2022 Download Free PDF, Rajasthan Government Health Scheme (RGHS) Registration Process | . Indra Nooyi joined PepsiCo in 1994 as senior vice president of corporate strategy and development. Bachelor of Arts/Science, Madras Christian College; Master of Business Administration, Yale School of Management. 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 played guitar in a band and was also a member of an all-girls' cricket teamactivities girls in her social strata rarely participated in. She was an excellent student, she earned her master's degree in Business Administration from the IIM, Calcutta, and also worked with Johnson & Johnson. [29][38] In 2015, Nooyi removed aspartame from Diet Pepsi. Nooyis memoir, My Life in Full: Work, Family, and Our Future, was published in 2021. 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. 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 was also co-chair of The Reopen Connecticut Advisory Group, developing recommendations and guidelines for reactivating the state's economy post-pandemic. In her role as CEO, she prevented a plan to split up PepsiCo, nearly doubled sales, and brought healthier products and eco-friendly practices. All Rights Reserved. I can work with other women to figure out how to get them to C-suite positions, as a mentor and supporter,. Despite financial aid, Nooyi had to work her way through her masters to survive. [52], Nooyi was named CEO of the Year by the Global Supply Chain Leaders Group in July 2009. [8][9] She also serves on the boards of Amazon and the International Cricket Council. Beginning in 2001, she was also appointed to the Board of Directors of PepsiCo. Nooyi joined PepsiCo in 1994 and was named Chief in 2006, supplanting Steven Reinemund, turning into the fifth President in PepsiCos 44-year history. However, Nooyis move was a step up to focus on championing workplace equality. As CEO, she thwarted a bid to break up PepsiCo, nearly doubled sales and introduced healthier products and environmentally friendly practices. She also went to the Yale School of Management for her further education. But to get here and to stay here, lots of tradeoffs, lots of sacrifices under the water, a lot of collateral damage. Over the course of more than a decade, Nooyi was in charge of the companys global strategy and oversaw PepsiCos restructuring, which included the sale of Tricon to Yum! Brands. After getting her degree, she joined the Boston Consulting Group as a director of international corporate strategy projects. In 2017, Forbes ranked her, the second most powerful woman in business. [12][13][14] Nooyi did her schooling in Holy Angels Anglo Indian Higher Secondary School in T. She used to play guitar in an all-girl rock band. [16] Get Tickets. [7][62], Nooyi was named one of the "Best CEOs In The World" by the CEOWORLD magazine in 2018. Her success caught the attention of recruiters . She also used to play guitar in a band. She would play guitar in a band and be often referred to as rebellion or wild. 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. Read an excerpt here. Indra Nooyi Biography is very inspiring. Then she proceeded to the Yale School of Management to further her education and worked with Boston Consulting Group (BCG), Motorola and Asea Brown Boveri. [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. She was born as Indra Krishnamurthy on 28 October 1955, in Madras (now Chennai), Tamil Nadu, India, into a conservative middle-class family. She also aggressively pursued international expansion. 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? 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. Thereafter she became the CEO of it in 2006. My Life in Full: Work, Family and Our Future. 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. Nooyi served as the company's CEO (2006-18) and chairman of the board (2007-19). 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. President and Chief Financial Officer of Pepsico. 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. Which owns pizza hut and KFC, and in 1998 company could go for the acquisition of Tropicana and also merged with Quicker Oats. Nooyi is a resident of Connecticut and a Yale SOM classmate of Connecticut Governor Ned Lamont. Indra Nooyi Education Background In 1974, Nooyi graduated from the Madras Christian College of the University of Madras with bachelor's degrees in physics, chemistry, and mathematics. 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. Indra Nooyi is the former Chairman and CEO of PepsiCo (2006-2019). [90], In 2016, Nooyi gifted an undisclosed amount to her alma mater, The Yale School of Management. With examples of world-changing business leaders like Paul Polman, Hubert Joly, and Indra Nooyi, many aspiring purpose-driven leaders have examples to follow. While studying at the Yale University, she worked as a receptionist from midnight till sunrise. Eventually she moved on to work with Johnson & Johnson as a product manager. In recognition of her impressive work with the company, Nooyi was promoted to chief financial officer in 2000 and the president in 2001. 21, 2023 7:30 P.M. at Texas Hall. Laurie Spens Photography. 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. 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! A brilliant student, she completed her MBA from the Indian Institute of Management in Calcutta, and worked with Johnson & Johnson. In 2007 She was awarded the third-highest civilian award " Padma Bhushan" by the President of India. A Conversation with Indra Nooyi. Brands, Inc., which is today one of the world's largest fast food restaurant companies. Nooyi eventually introduced itself in the country by directly taking the support of young females by marketing to female students at schools and colleges. READ: Meet Arvind Krishna: The Rising Star of the Corporate World. Courses & Certifications; Research & Resources; Scholarships . In 2009 and 2010, Fortune ranked her first on its list of the Most Powerful Women in Business. What do PepsiCo, Motorola and Amazon have in common? Indra Krisnamurthy was born in Madras (now called Chennai), India, on October 28, 1955. It was unheard of for a good, conservative, south Indian Brahmin girl to do this, Nooyi explained to Murray. They married soon after her graduation and their daughter Preetha was born in 1984. All three multinationals have been graced by the presence of Indra Nooyi, one of the worlds most powerful woman who validated the saying, the future is female when she took on leadership positions at these multinationals. Additional troubleshooting resources. Indra Nooyi. Forbes ranked her 13th in 2014. My Life in Full: Work, Family, and Our Future. Nooyi was named on Wall Street Journal's list of 50 women to watch in 2007 and 2008. Indra Krishnamurthy was born on 28 October 1955, in Madras (now Chennai), Tamil Nadu. For the next six years, Nooyi worked as a consultant for the Boston Consulting Group. December 8, 2022 In my interview with Andrew Winston, we discuss how those leaders can prepare now for their future impact. [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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