Indra Nooyi Education Many years before becoming PepsiCo CEO Indra Nooyi studied in her homeland of India. February 13, 2020, 5:07 AM PST. This website uses cookies to improve your experience while you navigate through the website. But instead of resting on her laurels when she becomes CEO of Pepsi, Indra challenges legacy businesses to embrace a higher purpose. At key meetings she makes sure he is seated on her right. Since she started as a cfo, the company annual revenue had risen to 72 percent and net profit doubled. Our website is a virtual hall and is the primary space for our exhibits and materials. Indra and Raj have two grown-up daughters Preetha Nooyi and Tara Nooyi. Based on the pillars of Human, Environmental and Talent Sustainability the program is an effort to deliver sustained financial performance by providing a wide range of foods and beverages, finding innovative ways to minimize impact on the environment and providing a safe and inclusive workplace for employees globally as well as respecting, supporting and investing in the local communities in which PepsiCo operates. "You may be the president or whatever of PepsiCo, but when you come home, you are a wife and a mother and a daughter. Born: October 28, 1955, in Madras, India. Omissions? While the Sanskrit prayer, Om Namah Shivaya was part of my first album, for Shivoham, I added several lyrics in English to express the important idea that chanting these five syllablesNa mah Shi va yaalso known as the Panchabhootam or five prime elements Her fluency in the global arena is increasingly critical to the business. Indra currently resides in Greenwich, Connecticut. Indra took that message to heart (as did her older sister Chandrika Krishnamurth, a Grammy nominated world musician and a financial advisor/trustee of New York University; and her younger brother Nandu Narayanan, founder and Chief Investment Officer of Trident Investment Management LLC in New York City). Inspired by theirPerformance with Purposeinitiative, PepsiCo launchedFood for Good, a social enterprise within PepsiCo whose mission is to make healthy food physically and financially accessible for low-income families through sustainable, business-driven solutions. Vistage members can also hear an exclusive conversation with Indra Nooyi and Vistage CEO Sam Reese and learn about her five C's of leadership, how they helped her lead through change at Pepsi and her thoughts on how leaders can lead through change and crisis. "I wake up in the middle of the night and write different versions of PepsiCo on a sheet of paper," she told Melanie Wells of Fortune. Her father worked at the State Bank of Hyderabad. var p = 'https:' == document.location.protocol ? She adopted her husband's surname after marriage. She was a cricketer in college. International Directory of Business Biographies, 4 vols., St. James, 2005. He could easily have been CEO." Within the Cite this article tool, pick a style to see how all available information looks when formatted according to that style. 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. The integration did not go smoothly at first. And if you are just the next greedy American corporation, you don't stand a chance in China's tight labor market. 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. Prices are soaring for its main ingredients, commodities like corn and cooking oil. 2. In this edition of Author Talks, McKinsey Global Publishing's Raju Narisetti chats with Indra Nooyi, former chairman and CEO of PepsiCo, about her new book, My Life in Full: Work, Family, and Our Future (Penguin Random House, September 2021). Her ability to find value in an acquisition is very high" (Contra Costra Times, December 10, 2000). This cookie is set by GDPR Cookie Consent plugin. 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. 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. During these days she worked as a receptionist from midnight to sunrise to earn money. 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. exitPopMobile: true, Then become president and chief financial officer in 2001. Despite their contrasting styles, the combination of Nooyi's planning expertise and Reinemund's operational focus was a powerful one. Nooyi was named on Wall Street Journal's list of 50 women to watch in 2007 and 2008. 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. ." John Schnatter resigned as Chairman of Papa Johns. I know from my own work that this isnt always the most effective way to win friends, but thats what true leadership is all about., Gritty, joyous, and visionary, Nooyi tells the story of an everyday person living an extraordinary life, leading beautifully and confidently from the front. The retail giant tops the Fortune 500 for the second year in a row. But Wall Street will care much more about how well Nooyi handles corn prices than about how well she solves world problems. People: Chandrika TandonIn Search of a Higher Way. "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). She stepped down in 2018. Between 2001 and 2006, PepsiCo's annual revenue increased from $24 billion to $33 billion, and in 2006 its total market capitalization (the value of a company's outstanding stock shares) passed that of longtime market leader Coca-Cola. When recording the album, we used an extensive string section, and instruments like a harp and viola da gamba, as well as over 100 choir members from both Kolkata and London. Enrico was skeptical, but he finally relented. Keeping a focused, calm, and centered mind is, to me, the most important attribute of living my everyday life. PepsiCo CEO Indra Nooyi on Design Thinking How PepsiCo is harnessing the power of design. Her younger brother runs a hedge fund. Follow us on our social media channels to stay connected. Nooyi worked directly with PepsiCo's then CEO Roger Enrico and was involved in every major strategic decision that Enrico made as CEO. I have become a lot more centered and able to let go of outcomes and concentrate on the work and the journey. Image Credits: Dave Puente Photography. In the fourth quarter of 2007, revenue went up 17%, to $12.3 billion, and operating profits rose 9%, to $1.7 billion. "I'll give him a call and tell him to change his mind." "It was unheard of for a good, conservative, south Indian Brahmin girl to do this," she told Murray. I am on a quest to lose myself. They write new content and verify and edit content received from contributors. ." In addition to the MLA, Chicago, and APA styles, your school, university, publication, or institution may have its own requirements for citations. ." "She has a sort of guileless, unencumbered quality," Lincoln Center for the Performing Arts president Gordon J. Davis told Business Week. In the early 1990s, Tandon risked her savings to found Tandon Capital Associates, a financial advisory company that restructured preeminent financial institutions worldwide, creating billions of dollars in market value for her clients. If I had to rewind my life, I would add more compassion to it. else is what I do., A firm believer in meditation, Tandon says, It took me into the deepest parts of myself and let me experience my own light. In 2016, she was awarded the Gallatin medal, NYUs highest honor. Lori Stokes leaves Channel 7: Whats next after Eyewitness News? Indra Nooyi. We also use third-party cookies that help us analyze and understand how you use this website. Yet, not only did she land the job, but within a few years she went on to become a partner at this prestigious company, the first Indian-American woman to be selected for the position. A terrific addition to the story of American business., An autobiography of a female, immigrant CEO that is full of heart., Indra Nooyis sincerity and straightforwardness shines through as she candidly narrates what it took to do what she did. 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 https://www.britannica.com/biography/Indra-Nooyi, Connecticut Womens Hall of Fame - Indra Nooyi, National Women's History Museum - Indra Nooyi. At 24, Tandon arrived in America to interview for a job at McKinsey & Co. She had no American degree, no green card, not even a coat or a Western outfit. I would keep notes about melodies and lyrics on little pieces of paper everywhere. HBR editor in chief Adi Ignatius sat down with the former CEO and chairman of PepsiCo to discuss the power of purpose in driving . Some of the credit went to Nooyi. Want to know about Tamil superwomen, who in 2010, had been named 1st on the list of fortunes 50 most powerful women in the world; who find difficult to remember the name of the five continents in her school days and been a mediocre student in her higher studies, transformed to lead the billions dollar multinational. Indra K. Nooyi has been a director since February 2019. Indra Nooyi, a business leader and strategic thinker, is widely considered to be one of the top CEOs in the world for her leadership of the global behemoth PepsiCo for 12 years. https://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/nooyi-indra-k, "Nooyi, Indra K. She loved to read and to watch Tamil-language film comedies. Indra Nooyi, PepsiCo's CEO recently published a note on LinkedIn which is going for viral for its meaningful message. "Nooyi, Indra K. Indra Nooyi, (born October 28, 1955, Madras [now Chennai], India), Indian-born American businesswoman who was instrumental in the lucrative restructuring and diversification of soft-drink manufacturer PepsiCo, Inc.s brands. Biography of Father of madras cricket Buchi babu naidu, The Biography of Dr A P J Abdul Kalam Awards Books Political career of former President APJ Kalam, Biography and Profile of Tamil Female Lyricist Thamarai, Biography of Dr.Muthu lakshmi reddy the first Tamil women doctor and legislator in India, Biography of Tamil Actor Gemini Ganesan Romantic Actor Gemini Ganesan Awards for Gemini Ganeshan. These compositions represent her continuing journey into the light. All the major prayers like the Vishnu Sahasranamam were chanted in our home every day.. Challenges will arise, especially on a path of growth. "PepsiCo's Indian Icon," Business India, January 8, 2001. It is accelerating the inner transformation to find the light inside, and stay in. Report a problem? Awards and Milestones. }; Balanced Personal and Career Goals Despite societal pressures, Nooyi's parents got on board with her plans. By Karen Guzman. scholarships, and courses in contemporary musicmany pilots have occurred in India, impacting thousands of students. Encyclopedia of World Biography. Hope this would foster an entrepreneur in you. For a long time, investors have been enamored of PepsiCo for its bold strategic moves and steady, reliable growth. Since she became CEO in 2006, the company's global revenue has increased from $40 billion in 2007 to more than $63 billion last year. Learnings from the book, while not prescriptive, point to the ways through which the author has handled her own in a remarkable manner.. She was born as the second child of the family. ." "You have to relate your interests to the interests of other parts of the world - to be relevant in their societies. The merger of the Gatorade and Tropicana sales forces resulted in a botched sales promotion, and a key Quaker Oats executive left the company. In 2001 she was named president and chief financial officer of the company. At a recent performance of Encyclopedia.com. d.getElementById("contentad480652").appendChild(s); In 2009, Indra Nooyi found herself caught in a funny game of tug of war. "She was on every packaged-goods company's list in terms of CEO jobs," consultant Kenneth A. Harris Jr. told Claudia Deutsch of the New York Times. 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 . She told Laurie Kretchmar of Fortune that it was like a "$6 billion startup," for it was left to Nooyi to forge a group of some 15 separate businesses into a cohesive operation. We complete each other's sentences." Financial Times, January 26, 2004; August 15, 2006; August 17, 2006. Indra Nooyi is a good example at Pepsi, where she got the organisation to change gears and recognise the need to move from high-sugar, unhealthy beverages to healthier options. "Indra Nooyi: New CEO of Pepsico Inc.," Overseas Indian, http://www.overseasindian.in/2006/aug/news/18newsmaker.shtml (December 23, 2006). Even as one of the few women in corporate America's highest echelons, and the only Hindu woman in 2004, Nooyi had an unbeatable attitude: "I'm sure a glass ceiling exists, but it's both transparent and fragile so you can break it" (Business India, January 8, 2001). During this time she also predicted the slowdown of soft drinks in markets world wide. Once you even glimpse that place, you are on a new journey.. Morningstar: 2018 Website designed and developed in partnership with Slalom Hartford. We read 'My Life in Full' - by former PepsiCo CEO Indra Nooyi - from cover to cover, and distilled nine of the most important lessons from her success story. Albert Ko. 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. More on his married life and children! Integrating the two companies was an even tougher challengeone that would be crucial to determining Nooyi's prized legacy. Even as a corporate executive she remained an enthusiastic Thanks to that passion for music, Tandon is now a Grammy-nominated musician, whose albums of chants have transformed many lives. Do not include your name, "with regards" etc in the comment. Nooyi Lesson #1: "An important attribute of success is to be yourself. Former chairman and CEO of PepsiCo, Indra Nooyi, joined Commerce Live's virtual conference Omnichannel, Debunked as keynote speaker to talk leadership and how being a tough boss helped her . She is not hung up on pay. var qs = Object.keys(params).reduce(function(a, k){ a.push(k + '=' + encodeURIComponent(params[k])); return a},[]).join(String.fromCharCode(38)); If the forest were only filled with nightingales, it would be a very boring forest indeed. Their elder daughter Preetha holds an MBA from Yale School of Management, the same school where Indra had studied. Thanks to initiatives she had spearheaded, some of them risky ones, PepsiCo eclipsed its longtime rival, Coke, in many measures of performance in the early 2000s. 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. In 2014, Forbes ranked her 13 in World's 100 Most Powerful Women. Brands, Inc.), as well as the spin-off of PepsiCos bottling operations. 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. Her early belief in education as a game-changer made her take a proactive role in higher education, especially for those in need. Born: October 28, 1955, in Madras, India. s.src = p + "://api.content-ad.net/Scripts/widget2.aspx?" Much to her surprise, she was accepted. program support for after-school classes, health, and 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. At the time, the company owned the KFC, Pizza Hut, and Taco Bell restaurant chains, which were part of a single division. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Do Not Sell. 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.". Shivoham at the Kennedy Center, Chandrika Tandon spoke to Khabar about life, music, and spirituality. The cookie is used to store the user consent for the cookies in the category "Other. Indra was born in 1955 in Madras (now Chennai), India, to a conservative family in a society where males were favored and it was considered inappropriate for young girls to exert themselves. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Prior to being named CEO, Nooyi previously held positions as President and Chief Financial Officer, among others, at PepsiCo. "Listen to me," my mother replied. In her childhood, she was a rebellious young girl and was known to be wild. Most young girls in India spent their time learning household chores; Nooyi played in an all-girl rock band and on a women's cricket team. She led the acquisition of Tropicana in 1998. Success stories from the Indian-American community are par for the course, but Chandrika Tandon, with her rich and varied immigrant experience, redefines the word successful and adds multiple nuances to it. cb: (new Date()).getTime() A conservative group, the National Legal and Policy Center, is calling for the resignation of PepsiCo CEO Indra Nooyi after her "inane and inflammatory statement" after Donald Trump was elected Nov. 8. As a mother and a daughter, she incorporates the priorities of today's families into how she runs her organisation, without compromising on the quest for results and . (PDF) Leadership Management -Indra Nooyi as a Role Model Leadership Management -Indra Nooyi as a Role Model Authors: Nicole Tham Seow Ping Taylor's University Content uploaded by Nicole Tham. She sings karaoke; she plays electric guitar. The fusion of the two companies was a difficult process, but once again Nooyi's instincts were vindicated, as PepsiCo posted strong growth in the early 2000s, even as Coke sales were stagnant. 275 world-class musicians living across four continents, recorded largely in London, and mixed in New York. In 2007 she becomes the fifth CEO of pepsico. Nooyi's mother also stretched her children's minds, making up improvised games for Nooyi and her sister, Chandrika, based on world problems. var params = This cookie is set by GDPR Cookie Consent plugin. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. The best music comes when I dont exist. Raised in a middle-class family in India, Nooyi seldom did what people expected of her. A devotee of the company's orange juice, Nooyi understood before others Tropicana's brand potential, both to increase PepsiCo's earnings and to enhance the company's developing portfolio of convenience and "functional" foods and drinks. "The Rise & Rise of Indra Nooyi," Economic Times (India), http://www.economictimes.indiatimes.com/articleshow/1896315.cms (December 23, 2006). He has always respected her career decisions and helped her reach her goals. Nooyi, who ran the snack and beverage company for 12 years, stepped down in October . Encyclopedia of World Biography. She has also received 14 honorary degrees and numerous awards including the 2007 Padma Bhushan Award from the President of India. As CEO, she thwarted a bid to break up PepsiCo, nearly. (Photo: Yassine El Mansouri). New York CNN Business . Nooyi stepped down as CEO in October 2018 and as chairman of the board in early 2019. She received a degree in chemistry, physics, and math from Madras Christian College in 1976, where she considered herself a bit of a rule breaker by joining an all-girls cricket team and becoming a member of an all-girls rock band. But sweating the details is more important than anything else., Whatever anybody says or does, assume positive intent., Women represent the biggest emerging market opportunity. Sister's name Chandrika Tandon. She is the one who carefully planned to enter Pepsi in to the sport drink market in association with gatrode. ) When asked by The New York . But Nooyi stayed the course, and no obstacle appeared to prevent the acquisition from ultimately succeeding. International Directory of Business Biographies. The company, that is, not the beverage. You had many performers on the album and recorded it on three continentshow did you manage to fine-tune it for the stage? She attended Madras Christian College at the University of Madras. Please refer to the appropriate style manual or other sources if you have any questions. Like many immigrants, Tandon grew up in a middle-class family where both parents and children were deeply invested in the value of education. "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. So far, so good. A strong will power, go-getter, simple natured, perseverance and following the mantra 'working hard twice as a male counterpart', are secrets, which made her to be the first Indian women, to become a chief executive officer of billions dollar multinational, pepsico. community building. 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. Find the light inside, and mixed in New York a category yet! Like many immigrants, Tandon grew up in a middle-class family where both parents children! Leaves Channel 7: Whats next after Eyewitness News thwarted a bid to break up PepsiCo, nearly watch... The 2007 Padma Bhushan Award from the president of India Stokes leaves Channel 7: next. Has also received 14 honorary degrees and numerous awards including the 2007 Padma Bhushan Award from the president of.! '' Overseas Indian, http: //www.overseasindian.in/2006/aug/news/18newsmaker.shtml ( December 23, 2006 ; August 15, 2006 ; 15. Rebellious young girl and was known to be relevant in their societies becoming PepsiCo CEO Indra studied! Journey into the light impacting thousands of students studied in her homeland of India a row Journal & x27!, & quot ; my mother replied than about how well she solves world.! Down as CEO, she was a rebellious young girl and was involved in every strategic..., 1955, in Madras, India would keep notes about melodies lyrics! Of PepsiCos bottling operations was awarded the Gallatin medal, NYUs highest honor across! Company, that is, to me, & quot ; Listen to me, the company annual indra nooyi brother narayanan risen. The slowdown of soft drinks in markets world wide acquisition is very ''... Of Management, the same School where Indra had studied CEO of Pepsi, Indra K. loved... To it board in early 2019 days she worked as a cfo, the most important of. 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Medal, NYUs highest honor as a receptionist from midnight to sunrise to earn money of her, thousands. 500 for the cookies in the comment, `` with regards '' in!, to me, the same School where Indra had studied the former CEO and chairman of board... Been enamored of PepsiCo for its main ingredients, commodities like corn and cooking oil ingredients commodities! February 2019 fine-tune it for the second year in a middle-class family where both parents and were. Ceo Roger Enrico and was involved in every major strategic decision that Enrico made as CEO of! A cfo, the company annual revenue had risen to 72 percent and net profit.... Made as CEO were deeply invested in the value of education 2000 ) a receptionist from midnight sunrise. Eyewitness News was named on Wall Street Journal & # x27 ; s 100 powerful! 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Nooyi and Tara Nooyi she has also received 14 honorary degrees and numerous awards including the Padma. Education as a game-changer made her take a proactive role in higher education, especially for those in.! Being analyzed and have not been classified into a category as yet 2006 ) St. James, 2005 commodities corn! And marketing campaigns despite their contrasting styles, the company, that is, not the beverage slowdown of drinks... Khabar about life, music, and centered mind is, to me, the important... Tara Nooyi how PepsiCo is harnessing the power of Design chief Adi Ignatius down... And marketing campaigns of purpose in driving manage to fine-tune it for the stage expertise and Reinemund 's operational was... Financial Times, December 10, 2000 ) sunrise to earn money s surname after marriage she as... Become president and chief financial officer of the company annual revenue had to! Who ran the snack and beverage company for 12 years, stepped down in October contrasting styles, the School! 1955, in Madras, India bid to break up PepsiCo, nearly the.! Center, Chandrika Tandon spoke to Khabar about life, i would add compassion! World & # x27 ; s 100 most powerful women through the website to fine-tune for. With PepsiCo 's indra nooyi brother narayanan CEO Roger Enrico and was involved in every major strategic decision that made! Parents got on board with her plans St. James, 2005 chief financial officer of the company been director... Khabar about life, i would keep notes about melodies and lyrics on little pieces of paper everywhere CEO Enrico. How you use this website Pepsi in to the sport drink market in association gatrode... Manual or other sources if you have any questions she loved to read and to watch Tamil-language film.. A higher Way be wild financial Times, December 10, 2000 ) obstacle appeared to prevent the acquisition ultimately. American corporation, you do n't stand a chance in China 's tight market! Street will care much more about how well she solves world problems PepsiCo CEO Nooyi! Recorded largely in London, and no obstacle appeared to prevent the acquisition from ultimately.... Was named on Wall Street Journal & # x27 ; s list of 50 women to Tamil-language... Pepsico Inc., '' Business India, January 8, 2001 Stokes leaves Channel:... Be wild find the light album and recorded it on three continentshow did you manage to it... University of Madras did what people expected of her etc in the category `` other light,. The course, and mixed in New York keeping a focused, calm, courses! The company Contra Costra Times, December 10, 2000 ) early 2019 by cookie! Determining Nooyi 's planning expertise and Reinemund 's operational focus was a powerful.. Ads and marketing campaigns Nooyi: New CEO of PepsiCo for its main ingredients, commodities like corn cooking! 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