Nooyi has an estimated net worth of $290 million. Nooyi was named on Wall Street Journal's list of 50 women to watch in 2007 and 2008. Between February 2000 and April 2001, Nooyi was senior vice president and chief financial officer of PepsiCo. [29][38] In 2015, Nooyi removed aspartame from Diet Pepsi. As an employee of PepsiCo, Nooyi is credited to have directed the companys global strategy, leading to its extensive expansion and restructuring including the divestiture of its restaurants. Nagar. In 2001, she was named president and chief financial officer. She was also co-chair of The Reopen Connecticut Advisory Group, developing recommendations and guidelines for reactivating the state's economy post-pandemic. Her leadership offers lessons about the value of a broad education, global thinking, and the value of calm self-assurance. There she had gained enough experience of working on diversifying strategic projects for 6 successive years. 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. At that time advertising for feminine hygiene products was banned in the country and Stayfree was struggling to gain a foothold. because we know knowledge is power and we want to be your medium of power. Nooyi has been listed among the top female executives in the United States and the World's 100 Most Powerful Women. Nooyi served as CEO for 12 years, 7 years longer than the average CEO tenure at large companies according to an Equilar study. What changes did you see between when she attended and when you were a student? [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. My Life in Full: Work, Family and Our Future. Other executives at PepsiCo and critics on Wall Street initially opposed the $3.3 billion acquisition of Tropicana. Indra Nooyi Education. Nooyi served as the company's CEO (2006-18) and chairman of the board (2007-19). For the next six years, Nooyi worked as a consultant for the Boston Consulting Group. Corrections? Indra Nooyi speaks onstage at the Fortune Most Powerful Women Summit - Day 2 on October 10, 2017 in Washington, DC. She has always denied supporting the so cold binding and conservative norms existing in society. Nooyi stopped using aspartame in Diet Pepsi in 2015. Read Indras notes on work, family, and our future in her newsletter: The Care Crisis is No Labor Sideshow: Its a Main Event, Child Care is Core to Economic Growth: We Must Commit, Let's Get On With Equal Pay: It Speaks To Character, International Women's Day: The Day That Cant Drift By, Indra Nooyi and Lisa Kassenaar discuss her book after she is awarded the 2022 International Distinguished Entrepreneur Award (IDEA) by the Associates of the Asper School of Business (May 2022), Indra poses with Professor Modupe Akinola after receiving the Columbia Botwinick Prize in Business Ethics (April 2022), Student Isha Saeed with Indra at Harvard Business School (April 2022), Boston Globe CEO Lindra Henry in conversation with Indra at MIT (April 2022), Journalist Seema Mody moderates a discussion with Indra and Reshma Saujani in collaboration with the Asian American Businesss Development Center (April 2022), Indra speaks on a panel at the USC Marshall School of Business (March 2022), Indra with the USC-IBEAR MBA students (March 2022), Emirates Litfest Director Ahlam Bolooki moderates a discussion about Work, Family, and the Future with Indra and HE Reem Al Hashimy at the Dubai Expo (February 2021), Richard Dean moderates a fireside chat with Indra at the Emirates Lit Fest in Dubai (February 2022), Indra joins senior women leaders of the United Nations for their annual retreat in New York (March 2022), A dinner with the team behind My Life in Full (December 2021), Backdrop from a book party held in Indra's honor by The Asian American Foundation and BCG (December 2021), Indra with President Clinton, Former Secretary Clinton, and Huma Abedin at a book party hosted by The Asian American Foundation and BCG (December 2021), Indra gives remarks at a book party held in her honor by The Asian American Foundation and BCG (December 2021), Indra speaks about her book at Yale (November 2021), Indra joins Morgan Stanley's Seema Hingorani for a fireside chat at their New York offices (October 2021), Indra speaks at the New York Metropolitan Club, and is introduced by her former Chief of Staff, Erica Matthews (October 2021), Indra is inducted into the Asian Hall of Fame (October 2021), Indra joins Professor Adam Grant for a fireside chat for the Authors@Wharton series at the University of Pennsylvania (October 2021), A newly-inducted member, Indra visits the American Philosophical Society (October 2021), Indra with John Studzinski, PIMCO Vice Chair and the host of a book party held in her honor in the U.K. (October 2021), Indra joins London Business School students for a photo (October 2021), Indra joins Unilever's former CHRO, Leena Nair for a fireside chat in the U.K. (October 2021), Journalist Joanne Lipman moderates a conversation with Indra to celebrate the launch of her book, My Life in Full, at the Greenwich Library (September 2021), Celebrating the launch of My Life in Full with a cake (October 2021), Shooting the book trailer for My Life in Full (September 2021), Indra gets a first look at her memoir, My Life in Full (September 2021), Indra signs bookplates for readers (August 2021), Indra and her friend and writer, Lisa Kassenaar pose at Penguin Random House offices on the launch day of My Life in Full (September 2021), Indra records the audiobook version of My Life in Full (August 2021), Indra during a photoshoot with Dave Puente (July 2021), Indra and team begin work on My Life in Full (December 2019), Indra meets with her high school mentees (July 2021), Indra and her friend and writer, Lisa Kassenaar with the early copies of My Life in Full (July 2021). [21] Prior to becoming CEO, Nooyi served as president and chief financial officer, beginning in 2001, she was also named to PepsiCo's board of directors. Indra Nooyi's daughters are both highly educated. I can work with other women to figure out how to get them to C-suite positions, as a mentor and supporter,. 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. 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. She has worked with many prestigious organizations like Boston Consulting Group (BCG), Motorola, and Asea Brown Boveri. Indra Nooyi always believed that we should spend time with our family and friends apart from our work and enjoy every moment with them. [98] South Indian Carnatic musician Aruna Sairam is Indra's aunt. In 1990, she was senior vice president and director of corporate strategy and strategic marketing at Asea brown Boveri. Indra K. Nooyi, "Indra Krishnamurthy Nooyi Receives Honorary Doctorate From NYU", "Khushwant, Karnik, Nooyi, Remo, Mittal on Padma list", "Babson College Commencement 2004: Citations for Medalists", "PepsiCo president Indra Nooyi elected to Yale Corporation", "Amazon.com, Inc. - Officers and directors", "Temasek launches Americas Advisory Panel", "PepsiCo CEO Indra Nooyi Joins Trump's Business Council", "Ex-PepsiCo CEO Indra Nooyi joins Amazon's board", "Class of 1951 Distinguished Lecture Series and Chair for Leadership Study", "MIT School of Engineering | Dean's Advisory Council", "MIT Corporation elects 12 term members, three life members", "Indra Nooyi becomes Yale's biggest alumni donor", "A gift that keeps giving: Indra Nooyi is 'most generous graduate' of Yale school of management - India News , Firstpost", "Distribution of 200K books to Connecticut students could start next week", "PepsiCo's CEO shares the trick that has helped her stay married for 37 years", "Pepsi's Indra Nooyi Led Non-Soda Growth; Women CEO Exemplar", "Clinton, Nooyi, Sonia among "World's Powerful Moms" list", "7 CEOs with notably devout religious beliefs", "Indra Nooyi on making Pepsico "good for you and me", PepsiCo names Nooyi CEO as Reinemund retires, The Pepsi Challenge, profile Indra Nooyi (Fortune), Reference for Business: Indra Nooho Leadership Biography, Video of discussion with Indra Nooyi at the Asia Society, New York, 4/14/2009, Harvard Business Review: Becoming a Better Corporate Citizen, https://en.wikipedia.org/w/index.php?title=Indra_Nooyi&oldid=1142689078, American chief executives of food industry companies, Indian Institute of Management Calcutta alumni, Recipients of the Padma Bhushan in trade and industry, American chief executives of Fortune 500 companies, Articles with dead external links from January 2018, Articles with permanently dead external links, Articles with dead external links from August 2021, Short description is different from Wikidata, All Wikipedia articles written in American English, Articles with unsourced statements from June 2019, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 3 March 2023, at 21:20. For her latest notes on work, family, and our future, subscribe to her newsletter, Insight. She quickly rose through the ranks and was promoted to vice president and director of corporate strategy and planning in 1988. 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! Indra Nooyi entrepreneur . A rebellious child brought up in a conservative family, Indra Nooyi moved to America in 1978 to study at Yale University. 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. She also worked in PepsiCo as Senior Vice President, of Strategic Planning from 1994 to 1996. She graduated in 1974, and pursued mathematics, physics, and chemistry from Madras Christian College. On Forbes' list of the " World's Powerful Moms ", Indra came in third place. Nooyi assumed the title of CEO in October 2006 and the next year became chairman of the board as well. [41] During her tenure, the company's sales grew 80%. In recognition of her impressive work with the company, Nooyi was promoted to chief financial officer in 2000 and the president in 2001. With examples of world-changing business leaders like Paul Polman, Hubert Joly, and Indra Nooyi, many aspiring purpose-driven leaders have examples to follow. When she managed to save enough for a suit which she wore to her first post-Yale job interview she got rejected. 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. Women in the World 116K subscribers At the 2019 Women in the World Summit, Indra Nooyi, former chairman and CEO of PepsiCo, says that she demanded her children be allowed to spend time with her. In 1994, she joined PepsiCo. In 2008, Forbes ranked her as the third-most powerful woman. She played an instrumental role in PepsiCos acquisition of Tropicana and merger with Quaker Oats Company. [54][55], Fortune magazine has named Nooyi number one on its annual ranking of Most Powerful Women in business for 2006, 2007, 2008, 2009 and 2010. [26] Similar to the Tropicana acquisition, this strategic move gave PepsiCo leverage against Coca-Cola, owner of Powerade second in the sports drink segment. Nooyi was president and chief financial officer before becoming CEO. Please include the Ray ID (which is at the bottom of this error page). On this Wikipedia the language links are at the top of the page across from the article title. She was consistently . This is what a great leader does. Famous People in USA Cloudflare monitors for these errors and automatically investigates the cause. 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 her book 'My Life in Full', former PepsiCo CEO and Chair Indra Nooyi (above) makes a plea to men: Come to the table on gender equality.. And, no wonder. In this position, she worked on a variety of strategy projects for the next six years. Performance & security by Cloudflare. Her father was a bank official. In that same year, she was named an Outstanding American by choice by the US State Department. In 1994, Jack Welch, the head of General Electric, and Wayne Calloway, PepsiCo CEO, both offered her jobs in their respective companies. Indra Nooyi is the former Chairman and Chief Executive Officer of PepsiCo (2006-2019); a Fortune 50 company with operations in more than 180 countries. Despite financial aid, Nooyi had to work her way through her masters to survive. She celebrates her birthday on 28 October. 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. In 2007, and 2008, Nooyi was selected for the Wall Street Journal's list of 50 women to watch, as well as Time's list of the 100 Most Influential People in the World. [47] By 2014, her total remuneration had grown to $19,087,832, including $5.5 million of equity. 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. 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. Known to be a highly innovative, energetic, and hard working person, Nooyi has risen to become one of the top most female executives in the world from a modest beginning. In this role, Ms 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 around it. Today, shes doing just that while mothering her two children and prepping for the release of her much-anticipated memoir. December 8, 2022 Indra Nooyi was born in Madras, Tamil Nadu, in 1955. Nooyi continued the strategy of making PepsiCo a well-balanced consumer-products company that was less reliant on sales of its flagship soft drinks. [7][62], Nooyi was named one of the "Best CEOs In The World" by the CEOWORLD magazine in 2018. [33][34] In Fortune's Most Powerful Women List of 2015, Nooyi ranked second. Nooyi eventually introduced itself in the country by directly taking the support of young females by marketing to female students at schools and colleges. [93], Indra married Raj K. Nooyi, president at AmSoft Systems, in 1981. Indra Nooyi is an exemplary embodiment of modern business leadership. 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. [7] Fortune ranked her the #1 in the list of Most Powerful Women in Business in 2009 and 2010. She gained much prominence as a strategist and received job offers from several prestigious companies including General Electric and PepsiCo. Both Nooyi and Ko will also co-chair the Reopen Connecticut Advisory Group. Listed among Time's 100 Most Influential People in The World in 2007 and 2008. For attaining something you must have this learning behaviour, keep learning new strategies and solutions. began before she assumed her first and second jobs in India as a project manager at Mettur Beardsell, Ltd. and Johnson & Johnson respectively. Image Credits: Dave Puente Photography. As recent as 1995, there were no female CEOs on the Fortune 500 list. A brilliant student, she completed her MBA from the Indian Institute of Management in Calcutta, and worked with Johnson & Johnson. However, Nooyi continued to serve as the chairman of the company until early 2019. Born into a middle-class family in Chennai, she came a very long way. 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. Nooyis memoir, My Life in Full: Work, Family, and Our Future, was published in 2021. She moved to the United States to join Yale School of Management in 1978 and pursued a master's degree in Public and Private Management. Brands. All rights reserved. She has been a very hard-working and innovative person. My Life in Full: Work, Family, and Our Future. [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. She did it anyway, with ample support from her parents. Her initiative was backed up with ample funding. To help support the investigation, you can pull the corresponding error log from your web server and submit it our support team. [49][50], In 2008, she was elected to the Fellowship of the American Academy of Arts and Sciences. Using the advice of a professor she confided in, she took on her next interview in a sari and nailed it. She also aggressively pursued international expansion. 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. 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. PepsiCo benefited from The Quaker Oats Companys ownership of Gatorade, which at the time accounted for 80% of sales of sports drinks. She chose to join PepsiCo in 1994 and quickly rose up the ranks to be named its CEO in 2006, Notable Alumni: Indian Institute Of Management, Calcutta, Madras Christian College, education: Yale University, University Of Madras, Indian Institute Of Management, Calcutta, Madras Christian College, awards: CNN-IBN Indian of the Year Global Indian, See the events in life of Indra Nooyi in Chronological Order, http://landing.ju.edu/globalcitizen/current.html, https://timesofindia.indiatimes.com/sports/cricket/news/icc-appoints-indra-nooyi-as-its-first-independent-female-director/articleshow/62848619.cms, https://www.beveragedaily.com/Article/2018/10/03/Indra-Nooyi-Five-lessons-I-ve-learned-as-PepsiCo-CEO, https://www.theceomagazine.com/business/management-leadership/spotlight-on-pepsico-ceo-indra-nooyi/, https://www.hindustantimes.com/world-news/ex-pepsico-ceo-indra-nooyi-says-it-ll-cause-third-world-war-if-she-join-politics/story-gsXPzIT88jSocNYPGYYGdP.html, http://www.new-corner.com/the-pepsi-challenge-indra-nooyi-ceo-pepsico/, http://desiceo.com/shinning-star-indra-nooyi/. [39] The third component of Performance with a Purpose involved creating a culture where workers were encouraged to stay with the company. Brands, Inc., which is today one of the world's largest fast food restaurant companies. 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. She was born on 28 October 1955 in Chennai, India. [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). Indra Nooyi. This will save you time, money, and strength. In its global food and beverage portfolio, PepsiCo has 22 brands that generate more than $1 billion each in annual retail sales. It would make her an absolutely unmarriageable commodity after that.. 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. In fact, it dates all the way back to Nooyis academic career which is just as illustrious as her professional one. 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. In 1994, PepsiCos new senior vice president of corporate strategy and development started her tenure with a bang and kept pace throughout. A brilliant student, she earned a seat in one of Indias premier institutions, Indian Institute of Management Calcutta, from where she completed a Post Graduate Diploma in Management (MBA), in 1976. Indra K. Nooyi is the Chairman of the Board of Directors and Chief Executive Officer at PepsiCo. Indra Nooyi, Former Chairman & CEO at PepsiCo, and Anne-Marie Slaughter, CEO of New America, join Maggie McGrath to discuss "Solving For The Care Crisis. Bachelor of Arts/Science, Madras Christian College; Master of Business Administration, Yale School of Management. The companys sales increased by 80% during her tenure. Nooyi currently resides in Greenwich, Connecticut, and has two daughters. She became a top alumni donor to Yale's business school after giving an undisclosed amount in 2016. [67], In 2022, Nooyi was honored with Golden Book Awards.[68]. Under her leadership, PepsiCos revenues increased from $35 billion in 2006 to $63.5 billion in 2017. 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. She loved to play cricket. This lovely couple has 2 daughters. [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. 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. She was honored with the Padma Bhushan by the President of India in 2007. WATCH Former PepsiCo CEO Indra Nooyi with Moira Forbes on her trailblazing career, the future of work, and solving for our childcare crisis. [52], Nooyi was named CEO of the Year by the Global Supply Chain Leaders Group in July 2009. [16] She studied physics, chemistry and mathematics before graduating in 1974. [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. Nooyi completed her schooling at Holy Angels Anglo Indian Higher Secondary School. [19], Nooyi joined PepsiCo in 1994, and was named CEO in 2006,[20] replacing Steven Reinemund, becoming the fifth CEO in PepsiCo's 44-year history. She is also an advisor to several early-stage companies. When it comes to leadership, the odds have always been stacked against women. Nooyi resides in Greenwich, Connecticut, with her two daughters. Laurie Spens Photography. Our aim is to provide you all the latest informational articles related to different niches, Then, in 1986, she moved on to Motorola as a senior executive. President and Chief Financial Officer of Pepsico. 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. Indra Nooyi Net Worth . 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. Despite taking on an assignment even a seasoned manager might struggle with, Nooyi came out on top. Her eldest daughter, Preetha, graduated from the Wharton School of the University of Pennsylvania. She was educated at Holy Angels Anglo Indian Higher Secondary School. She has been instrumental in the diversification and expansion of PepsiCos brands which had primarily been more focused on soft drinks. 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. ; Indian Institute of Management, M.B.A.; Yale University, M.S. List of Important National and International Holidays, Days and Dates in Year 2022 | 2022 Download Free PDF, Rajasthan Government Health Scheme (RGHS) Registration Process | . 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. Mrs. Nooyi is married and has two daughters. SOURCE: Paul Morigi / Getty Images for Fortune / AFP. There is an issue between Cloudflare's cache and your origin web server. Qualification: B.S. In 1976, he graduated from the Indian Institute of Management Calcutta with a Post Graduate Programme Diploma. She is also a revered role model for women and immigrants and celebrated for her empowering messages on inclusivity. During her tenure, PepsiCo grew net revenue more than 80%, and PepsiCos total shareholder return was 162% beating the S&P over the same period. 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. Pizza Hut, KFC, and Taco Bell were all under the Tricon umbrella. 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. In 1978, she moved to the USA for higher studies. Indra Nooyi Biography is very inspiring. In 2014, she was at number 13 and in 2015, she was on the 2nd number, In 2017, she was the 2nd most powerful woman in the list of top 19 Most Powerful Women in Business. In 2006, Indra Nooyi became the CEO of PepsiCo. The lessons she has taught us on leadership and empowerment are invaluable in todays ever-changing world. She is a member of the American Academy of Arts of Sciences, the Academy of Science and the American Philosophical Society. Citations for Medalists. [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. She is a revered role model for women and immigrants and celebrated for her empowering messages on inclusivity. [citation needed] Acquiring Tropicana allowed PepsiCo to gain a competitive edge; Tropicana at the time captured 44% of the chilled orange juice segment, the fastest growing segment of the juice market, an especially positive metric when compared to Coca-Cola's Minute Maid which captured less than half of Tropicana's market share. She applied to Yale Universitys Graduate School of Management to pursue a masters degree in public and private management. Image Credits: Dave Puente Photography. She also used to play guitar in a band. [85], In June 2018, Nooyi joined the International Cricket Council Board as the organization's first independent female director. 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. She earned $17 million in 2011, with a base salary of $1.95 million, according to her 2011 salary statement. Nooyi is 67 years old as of 2022. Our editors will review what youve submitted and determine whether to revise the article. Her father was a bank official, and her mother was a house wife. [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.
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