Nooyi's family was middle class and, like most of their neighbors, devout Hindus and relatively conservative. The couple has two daughters. Till now she has been reflected to be a great asset for many prestigious companies and by the time, she started getting golden offers for head positions in many largest companies in the world. [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. https://www.britannica.com/biography/Indra-Nooyi, Connecticut Womens Hall of Fame - Indra Nooyi, National Women's History Museum - Indra Nooyi. 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. I had the privilege of talking with the companys former Chairman and CEO to learn her secret sauce. 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. Nooyi's grandfather, "Thatha," with Nooyi (left) and her siblings. Forbes rated her 13th in 2014. 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. Nooyi is a Successor Fellow of the Yale Corporation. Indra Nooyi Education . PepsiCo CEO until 1994 and CFO until 2001, respectively. 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 became the CEO of PepsiCo in 2006 and became the fifth CEO in PepsiCo's 44-year history. She has consistently ranked on Forbes magazines list of The World's 100 Most Powerful Women. After this, she worked as a director of international corporate strategy projects at the Boston Consulting Group. Instead, she encouraged her daughters to and promised them that if they did well, she wouldnt marry them off at 18. For her latest notes on work, family, and our future, subscribe to her newsletter, Insight. Citations for Medalists. 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 . The win, however, wasnt enough. PepsiCo at that time owned KFC, Pizza Hut, and Taco Bell restaurant chains. [16] 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. Indra Nooyi is an Indian born American business entrepreneur and former chairperson and CEO that is chief executive officer at PepsiCo. ", Former PepsiCo CEO and Power Women listee Indra Nooyi writes for Forbes on how paid leave fueled her path to power: "I wouldnt have been there without paid leave.". She completed her studies in India. She loved to play cricket. Indra will be speaking on Wednesday, January 12, from 10:00 - 11:15 a.m. PST. in 2001, she became one of the Board of Directors of PepsiCo. For instance, in order to establish a personal connection, Nooyi wrote to the parents of her leadership team and visited their homes. In 2001, she was named president and chief financial officer. Nooyi served as CEO for 12 years, 7 years longer than the average CEO tenure at large companies according to an Equilar study. from Madras Christian College in 1974 P.G.D.M. PepsiCo's former chair and CEO Indra Nooyi retired in 2019 after 24 years with the company, half of which she spent in the top job. She thoroughly enjoyed her learning experience at Yale and graduated in 1980. It would make her an absolutely unmarriageable commodity after that.. Nooyi eventually introduced itself in the country by directly taking the support of young females by marketing to female students at schools and colleges. Education, Family , Ethnicity & Boyfriend :-School Name: . In 1981, she married Raj K. Nooyi, who is the president at AmSoft Systems. 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. 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. WATCH Former PepsiCo CEO Indra Nooyi with Moira Forbes on her trailblazing career, the future of work, and solving for our childcare crisis. To help support the investigation, you can pull the corresponding error log from your web server and submit it our support team. PepsiCo was able to gain an advantage over its rivals by purchasing Tropicana; When compared to Coca-Colas Minute Maid, which held less than half of Tropicanas market share, Tropicana had 44% of the chilled orange juice market at the time, making it the fastest-growing segment of the juice market. Indra Krishnamurthy Nooyi: Indra Nooyi, the former chair and CEO of PepsiCo, left the company in 2019 after serving for 24 years half of which she served in the top position. [42], In 2019, Nooyi became the co-director of the newly created Connecticut Economic Resource Center, a public-private partnership with the Connecticut Department of Economic and Community Development. To help support the investigation, you can pull the corresponding error log from your web server and submit it our support team. She was born as Indra Krishnamurthy on 28 October 1955, in Madras (now Chennai), Tamil Nadu, India, into a conservative middle-class family. My Life in Full: Work, Family and Our Future. Thereafter she became the CEO of it in 2006. [97], Her older sister Chandrika Krishnamurthy Tandon is a businesswoman and also a Grammy-nominated artist. Growing up in Madras (now Chennai), Tamil Nadu, India, Nooyis academic beginnings started at Holy Angels Anglo Indian Higher Secondary School. Her eldest daughter, Preetha, graduated from the Wharton School of the University of Pennsylvania. Indra Nooyi is the former CEO of one of the largest food and beverage companies- PepsiCo. President and Chief Financial Officer of Pepsico. 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. As a result, the web page can not be displayed. Famous People in USA In 1990, she was senior vice president and director of corporate strategy and strategic marketing at Asea brown Boveri. Nooyi grew up in India and got an MBA from Yale before becoming one of corporate America's few female CEOs in 2006. There is an issue between Cloudflare's cache and your origin web server. 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. https://www.thefamouspeople.com/profiles/indra-nooyi-6440.php. [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 rebellious child brought up in a conservative family, Indra Nooyi moved to America in 1978 to study at Yale University. Prior to becoming CEO, Ms Nooyi served as PepsiCos president and chief financial officer and was a member of the companys board of directors. [33][34] In Fortune's Most Powerful Women List of 2015, Nooyi ranked second. Nooyis memoir, My Life in Full: Work, Family, and Our Future, was published in 2021. Brands. She has been looking for an upgrade, expanding, and diversifying PepsiCo's products and brand by more focusing on soft drinks. Nooyi is 67 years old as of 2022. She was educated at Holy Angels Anglo Indian Higher Secondary School. In 1974, she graduated from Madras Christian College of the University of Madras with bachelor's degrees in physics, chemistry, and mathematics. Forbes magazine ranked Nooyi in The World's 100 Most Powerful Women from 2008-2017. Omissions? 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. Copyright BlogzBite 2021. Awards and Milestones. 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 possessed a rebellious streak as a young girl, and was known to be wild. 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. She couldnt afford to purchase professional workwear and spent most of her summer job in a sari. A natural born leader. [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. Performance & security by Cloudflare. [27] PepsiCo's annual net profit rose from $2.7 billion to $6.5 billion. 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. [51], In 2008, Nooyi was named one of America's Best Leaders by U.S. News & World Report. 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. 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. READ: Meet Arvind Krishna: The Rising Star of the Corporate World. Instead, she encouraged her daughters to and promised them that if they did well, In 2006, Indra Nooyi became the CEO of PepsiCo. Her leadership offers lessons about the value of a broad education, global thinking, and the value of calm self-assurance. Indra Nooyi. She is on the Deans Advisory Council at MITs School of Engineering and serves on the boards of the Memorial Sloan Kettering Cancer Center and the Partnership for Public Service. Indra Nooyi Biography is very inspiring. There she had gained enough experience of working on diversifying strategic projects for 6 successive years. It was a monumental task the brand was struggling to become a household name, but Nooyi eventually succeeded in increasing its visibility. Bachelor of Arts/Science, Madras Christian College; Master of Business Administration, Yale School of Management. 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). In fact, it dates all the way back to Nooyis academic career which is just as illustrious as her professional one. She has worked with many prestigious organizations like Boston Consulting Group (BCG), Motorola, and Asea Brown Boveri. Her father was a bank official, and her mother was a house wife. A brilliant student, she completed her MBA from the Indian Institute of Management in Calcutta, and worked with Johnson & Johnson. Indra Nooyi Education. She also aggressively pursued international expansion. Tricon included companies like Pizza Hut, KFC, and Taco Bell under its umbrella. In between February 2000 to April 2001, she was promoted as Senior Vice President and Chief Financial Officer of PepsiCo. [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). The oil on canvas work created in 2019 by Jon R. Friedman was commissioned by the museum to be part of the collection. 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. In 2018, many feared this inspirational powerhouse was stepping aside when she announced her 12-year reign as PepsiCos CEO and chairman was coming to a close. In 2008, Forbes ranked her as the third-most powerful woman. 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? Prior to Motorola, she spent six years directing international corporate strategy projects at The Boston Consulting Group. In 2009 and 2010, Fortune ranked her first on its list of the Most Powerful Women in Business. They married soon after her graduation and their daughter Preetha was born in 1984. [63], Nooyi was selected as one of the 2019 American Portrait Gala honorees by the Smithsonian's National Portrait Gallery. 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! Despite financial aid, Nooyi had to work her way through her masters to survive. Indra with her husband Raj and daughters, Preetha and Tara. 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. Nooyi played a pivotal part in getting these restaurants divested in 1997. Aruna Sairam, a carnatic musician from South India, is Indras aunt. She would play guitar in a band and be often referred to as rebellion or wild. Her father was a bank official. The couple has two daughters. Her success caught the attention of recruiters across the US. Her mother was the driving force behind her good grades. Nooyi joined the board of Amazon in 2019. By 2020, all company-owned facilities in the United States will be powered entirely by renewable energy. 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. Nooyi resides in Greenwich, Connecticut, with her two daughters. Now what? In 1976, he graduated from the Indian Institute of Management Calcutta with a Post Graduate Programme Diploma. 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. She has been offered a job by many prestigious organizations including General Electric and PepsiCo. December 8, 2022 Which owns pizza hut and KFC, and in 1998 company could go for the acquisition of Tropicana and also merged with Quicker Oats. She changed the packaging to make it less wasteful, used less water, switch to renewable energy, and recycled. Daughters- Tara Nooyi, Preetha Nooyi: [48], In January 2008, Nooyi was elected chairwoman of the U.S.-India Business Council (USIBC). Nooyi was one of the 50 women watched in 2007 and 2008 by the Wall Street Journal. Today, shes doing just that while mothering her two children and prepping for the release of her much-anticipated memoir. Everything goes old after a day, life keeps on going and getting upgraded. In 2017, Forbes ranked her the second most powerful woman in business. 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 Americas childcare crisis. [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. 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. [86], Since February 2019, Nooyi has been a member of the board of directors at Amazon. I was a middle child . She grew up in a close family with two siblings, her parents, and her grandparents. Eve Forbes has been consistently listing Indra Nooyi's name among the world's top 100 most powerful women. Nooyi has been constantly ranked among the world's most powerful women. [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. 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. Bringing you the latest news, trending topics and continuing professional education advice about online learning institutions worldwide. 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 also focused on sustainability and environmental issues as part of Performance with a Purpose. PepsiCo's main businesses include Quaker, Tropicana, Gatorade, Frito-Lay and Pepsi-Cola. 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. In 2013, Nooyi was named one of the "25 Greatest Global Living Legends" by NDTV. 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. [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. The lessons she has taught us on leadership and empowerment are invaluable in todays ever-changing world. Forbes ranked her 13th in 2014. This strategic move gave PepsiCo leverage against Coca-Cola, which owns Powerade, the second-largest sports drink company, just like the Tropicana acquisition did. When she managed to save enough for a suit which she wore to her first post-Yale job interview she got rejected. Image Credits: Dave Puente Photography. 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. Qualification: B.S. Biography of Sundar Pichai. Please refer to the appropriate style manual or other sources if you have any questions. 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. [49][50], In 2008, she was elected to the Fellowship of the American Academy of Arts and Sciences. She had her second daughter Tara in 1992. [29][38] In 2015, Nooyi removed aspartame from Diet Pepsi. 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. List of Important National and International Holidays, Days and Dates in Year 2022 | 2022 Download Free PDF, Rajasthan Government Health Scheme (RGHS) Registration Process | .
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