The first woman, person of color, and immigrant to run a Fortune 50 company - and one of the foremost strategic thinkers of our time - Nooyi transformed PepsiCo with a unique vision, a vigorous pursuit of excellence, and a deep sense of purpose. from Yale School of Management in 1978. She was told that an early arranged marriage was her destiny, with her mother collecting stainless steel utensils for her dowry from birth. in Business Wisdom. Indra Nooyi announced this week that she will soon step down as PepsiCo's C.E.O., after twelve years in the role. He was entirely dedicated to his young grandchildren, introducing us to ever-more-sophisticated books and ideas, explaining geometry theorems, and pressing for detail and clarity on our school efforts. She grew up in a close family with two siblings, her parents, and her grandparents. A vendor came a little later in the morning, selling fresh vegetablescauliflower, spinach, squash, pumpkin, potatoes, onions. During a panel discussion on Mojo Story, she even revealed about not knowing at first who Navya was. Its something that happens once in a lifetime. Nooyi's mother explained she was not a CEO at home. Here are a few lessons from her life that stayed with us, and which victory coach Farzana Suri decodes for corporate leaders: 1 Show, dont tell: Despite steering the path of some of the most sought-after companies in the world, and becoming an inspiration for generations of women, Nooyi remains humble. 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Capturing mosquitos with a clap of the hands was a required survival skill. For Tandon, the joy is in being able to mentor so many young people in the schools and colleges she supports. She's not shy about asking for help when she needs it. He could easily have been CEO." All Rights Reserved.Terms We lit candles and lanterns. 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. About why she left a lucrative position with McKinsey to branch out on her own, she says, In 1986 I worked with a failing bank in Brazil. White was Pepsi's best operations man - the kind of guy who would be indispensable in a downturn. "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. Nobody can take that place. Indra Nooyi served as CEO and Chairman of PepsiCo from 2006 to 2019 . While the Tandons $100 million gift to the New York University School of Engineering is a milestone contribution of her life, it is the music and spirituality By Karen Guzman. This kind of journey is really about searching for something, getting a glimpse of it, and trying to stay in that space for as long as possible. You must be accessible. Birthday: October 28, 1955. 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 . Total cash returned to shareholders through dividends and share repurchases of . As we worked through rehearsals, different ideas emerged about what worked on stage. The company, that is, not the beverage. As a woman who has held her own in male-dominated industries for more than two decades, here are some of Indra's pearls of wisdom for running a multibillion-dollar company. They spoke in Tamil or in English, often swapping between the two. From my earliest days, I played on the swing with my older sister, Chandrika, and my younger brother, Nandu. Indra Krisnamurthy was born in Madras (now called Chennai), India, on October 28, 1955. On Aara Health page's Instagram account, often Navya along with her co-founder friends discuss various issues and earlier talked about mental health, mansplaining among others. Life is certainly much more than the next big business deal or the next acquisition. Once my father and the kids had left home, shed be back in the kitchen, preparing lunch for Thatha, Chandrika and me. This group of companies is all about social networking to connect with their customers. Apparel Manufacturers of India, the leading apparel group of manufacturers and traders has recently concluded the 10th edition of its trade fair in Chennai this week. I think of Amma as busy all the time. Tandon also serves on the Board of Trustees for the Lincoln Center for the Performing Arts and the Presidents Advisory Council for the Berklee College of Music. 808 certified writers online. The first woman of color and immigrant to run a Fortune 50 company and one of the foremost strategic thinkers of our time she transformed PepsiCo with a unique vision, a vigorous pursuit of excellence, and a deep sense of purpose. She picked flowers to adorn the prayer room, a large alcove in the kitchen, where she told her daily prayers, often while she was cooking. Contrary to this, Indra got married in 1980 to Raj K. Nooyi. Amma served Thatha his midday meal on a large silver platter with little bowls for the various vegetables and accompaniments. It is accelerating the inner transformation to find the light inside, and stay in. 2023 Cond Nast. Published Oct 2, 2018. In the evenings when the cousins were visiting, the swing was dismantledthe great, shiny-wood plank unhitched from the silver-colored chains and carried to the back porch to be stored overnight. Then wed line up in the same space to sleep, boys and girls in a row on a large, colorful mat, each with our own pillow and cotton sheet. We just hear Navya talk, and am listening to her talk, at that young age and to be so poised, and so articulate and just sound so professional, it says to me that women have come a long way. They took a long walk on the beach. Indra's elder sister Chandrika, an IIM Ahmedabad alumna, has a consultancy Tandon Capital Associates, while her brother . What place will Shivoham hold in your heart as you move on to other things? Once we had the arrangements figured out, I collaborated and provide personalised recommendations. In 2006 Indra was named President and CEO of PepsiCo, and assumed the role of Chairman in 2007. My paternal grandfather, a retired district judge, had used all of his savings to design and construct this grand, two-story residence, with its terrace and balconies. We are engines of efficiency. Through the Krishnamurthy Tandon Foundation, she and her husband Ranjan Tandon have donated to many educational causes, including a very transformative $100 million to the NYU (New York University) Tandon School of Engineering. Indra Nooyi (second from left) with her brother Nandu Narayanan (left), grandfather A. Narayana Sarma, and older sister Chandrika Tandon: I never saw a woman sit in that room in front of my grandfather, who I called Thatha. With the help of a coach, we decode a few crucial lessons from the book, Nooyis memoir emphasises on the need for workplaces to view employees, and their families, as part of the organisation. 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Indra and Raj have two grown-up daughters - Preetha Nooyi and Tara Nooyi. Music and spirituality have been the twin graces of Tandons life, be it starting the day with, She says, If I had to rewind my life, I would add more compassion to it. For a long time, investors have been enamored of PepsiCo for its bold strategic moves and steady, reliable growth. I have become a lot more centered and able to let go of outcomes and concentrate on the work and the journey. New Delhi: Former Pepsi Co CEO, Indra Nooyi showered praises on Amitabh Bachchan's granddaughter Navya Naveli Nanda for her superlative business acumen. Tandon eventually overcame the constraints on her time, and found noted gurus to learn classical music even as she grew her business and nurtured her family. Raped By Brother, Father, Uncle, Grandfather - Why 'What Was Her Mother Doing' Is The Wrong Q To Ask! The organisationis honouring Tandon along with 12 other noted names who have overcome adversity to achieve success. If I didnt know, hed say, "But you said youd read these pages. Then Id have to look up the word and write two sentences to show I understood it. For the unversed, megastar Amitabh Bachchan's granddaughter, Navya Naveli Nanda turned entrepreneurfrom a young age. Follow @lavinamelwani and As a vegetarian who for years has been talking about the importance of "gut health," she's not who you'd think would be leading a maker of sugary soda and salty snacks - but that's why she's taking the company in a different direction. Back at his beach house, he played the piano and she sang. Nearly [] . Leaders embracing a business approach driven by purpose are likely to be more profitable in the long-term than an attempt to maximise shareholder value, Suri sums up. He told me he never wanted me to have to put my hand out and ask for money from anyone other than my parents. In a recent oGoLead podcast interview, Nooyi offered the following advice, "The one thing I've learned is don't lie to the people. Of PepsiCo, Indra Nooyi speaks at the 4th Important Dinner for Women hosted by HM Queen Rania Al Abdullah, Wendi Murdoch and Indra Nooyi at Cipriani. to our, Crucial lessons from ex PepsiCo CEO Indra Nooyis memoir, Mumbai: Deadly Dadar platform to be widened by 2 metres, Mumbai: BMC's Rs 3 cr for each ward remains a pipe dream, With no physical evidence, here is how cops hope to prove slow-poisoning, Mumbai: BESTs 400 CNG buses to hit the roads again soon, Mumbai Crime: Inter-state gang of thieves busted; police recover 51 tempos and two cars, WPL 2023, GG vs MI live updates: Kaur leads MI's onslaught, hits maiden fifty. The grains were poured into glass or aluminum canisters in the kitchen, the paper folded, the twine made into a ball, and both left on the shelf to be used again. In a speech to the food industry in January, she pushed the group to tackle obesity. Nooyi, CEO of PepsiCo, and her sister Tandon, Grammy nominee and trustee of NYU. 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. The first woman of color and immigrant to run a Fortune 50 company and one of the foremost strategic thinkers of our time she transformed PepsiCo with a unique . An experienced leader in the business world, Indra Nooyi has held executive positions at major companies all over the world. What about 'Buckle up'?" Most recently, Nooyi was chairman and . We were in motion, laughing and carrying on to our next game. Nevertheless, growing up the first girl child in a traditional Tamil Brahmin family in Chennai, conservatism ruled. They discussed politics, food, local gossip, clothes, religion, music, books. I was lucky that my father, who I called Appa, was completely on board. "Companies today are bigger than many economies. Leadership Indra Nooyi reflects on her time as . Tandon grew up in a middle-class family where the children despite simple beginnings went on to scale greater heights - (her sister Indra Nooyi has been the president and CEO of PepsiCo and her brother Nandu Narayanan heads Trident Investment Management). He was adept at walking away from any tense situation without exacerbating it. Once you even glimpse that place, you are on a new journey.. Under her leadership, PepsiCo's revenue grew from $35 billion in 2006 . Tandonis vice-chairman of the Board of Trustees of NYU, chairman of the NYU Presidents Global Council, and chairman of the NYU Tandon School of Engineering andserves on the Business School and Medical School/ Hospital Boards. Indra Nooyi's clearly Chennai's Beti No 1. She speaks about biases she fights, the influence of "Bengali culture" in her life and . We snoozed; we tussled. Indra Nooyi: A taste of Pepsi Cola 1. 2 Be open to feedback: Instead of fearing the critics slamming PepsiCo for unhealthy products, Nooyi learnt from them, changing the course of the company towards a more responsible and environmentally sustainable direction. She was a middle child, dark-skinned, tall and skinny. Spouse: Raj K. Nooyi. Indra received the Outstanding Woman in Business award by the League of Women Voters in Connecticut. With the U.S. marketplace in slow-growth mode even in the best of times, the biggest opportunities are overseas. They were loud, talked over each other, and moved the conversation along. September 28, 2021 . that defines and consumes her the most It wasnt easy for her. Our website is a virtual hall and is the primary space for our exhibits and materials. Nooyi's family was middle class and, like most of their neighbors, devout Hindus and relatively conservative. Intensive practice is meditation. Her belief in education as a game-changer has made her take a pro-active role in higher education, especially for those in need. Her fourth album. About My Life in Full. Enjoyed reading Khabar magazine? My childhood home was defined by particularly progressive thinking when it came to educating women. In a fascinating interview filled with delightful anecdotes of her childhood, her school days and her career, the former CEO and Chairperson of Pepsico has s. Indra Nooyi Education. She became the company's president and chief financial officer (CFO) in 2001. The current net worth of Indra Nooyi is $80 million. Her South Asian heritage gives her a wide-angle view on the world. At key meetings she makes sure he is seated on her right. from Madras Christian College in 1974 P.G.D.M. A New York Times Bestseller. Yet Tandon is about much more than business or education she also proves that you can nurture and enrich a God-given talent in the most difficult situations. 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. Washington, DCFollowing its September meeting, the National Gallery of Art Board of Trustees announced that former PepsiCo executive Indra Nooyi was elected as a new trustee and will begin serving immediately. With a possible recession looming in the U.S., PepsiCo is headed into the toughest period it has faced in a decade. I was a middle child, dark-skinned, tall and skinny. Libya's output is a fraction of global production, but it's crucial to the nation's economy. Indra Nooyi. About Indra Nooyi. PepsiCo's three ex-CEOs, all on good terms with one another, weighed in to help Nooyi keep White onboard. So far, so good. others around methere is no judgment! Thanks to that passion for music, Tandon is now a Grammy-nominated musician, whose albums of chants have transformed many lives. I often refer to the Greek philosopher Epictetus saying: We have two ears and one mouth, so that we can listen twice as much as we speak. My father was a living example of this. Shivoham has been your passion for several years. None of us liked that at all. 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. Indra Nooyi, the former CEO of PepsiCo, may have headed a multi-billion dollar corporation but when it came to managing her household, she was told to "leave her crown outside . from Madras Christian College in 1974. www.facebook.com/LassiwithLavina/. Ours was the big, airy house where a dozen cousins would gather for festivals and holidays. : Not Known, She was raised by her mother along with her sister and in an interview, she revealed that every night at the dinner table, her mother asked them to write a speech about what we would do if we were. She has created a motto - "Performance With Purpose" - that puts a positive spin on how she wants PepsiCo to do business both at home and abroad. But theres more to life than the next big business deal. Tandon grew up in a middle-class familywhere the children despite simple beginnings went on to scale greater heights (her sister Indra Nooyi has been the president and CEO of PepsiCo and her brother Nandu Narayanan heads Trident Investment Management). Large orders would be delivered to the house in more newspaper cones. @navyananda youve been manifesting this forever I am unbelievably proud of you PS- ofcourse I put up the bits about my kid - but the whole interview is an example of FEMALE FIERCENESS going to post the link on my story do watch, During a panel discussion on Mojo Story, Indra Nooyi said, Navya, I've got to tell you, when I agreed to mentor these four girls who were running Aara Health, their proposition was a terrific proposition. DNA: Why has Congress become 'extinct' in the Northeast? She has opened new musical worlds for students through the Berklee Tandon Global Clinics many pilots have already occurred in India impacting thousands of students. Chanting was all around me. "They said, 'We're a soda-and-chips company,'" Nooyi told a Yale School of Management student audience on . . With Indra at the helm, PepsiCo's revenue doubled in 12 years to reach US$63.5 billion, half of it coming from the healthier product categories (up from 38% in 2006). As she says, Music is what I am, everything 21, 2023. | Since 1984, the Association has awarded around $159 million in college scholarships to more than 25,000 deserving young people. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. My goal Sharing an anecdote, Nooyi, in a 2017 LinkedIn post, recalled how she realised the importance of work-life balance when was reminded by her mother of the same. 2021 It essentially boils down to balancing the profit motive with making healthier snacks, striving for a net-zero impact on the environment, and taking care of your workforce. Wed sprinkle water on the floor around us hoping its evaporation would cool the place. That was exhilarating for me personally as I was struck by the very concrete and dramatic impact that one could create with focused attention and the extraordinary opportunity financial services presented, as it was a very inefficient industry with a history of regulation. Thatha believed that a good handwriting meant a good future.. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. My grandparents had eight kids, but when I knew my grandmother before she died, they never seemed to speak. Parents, grandparents, aunts and uncles gathered to watch, holding bits of torn newspaper scrawled with the words one ticket. They felt free to critique our shows, or to start chatting, or simply walk away. Under Nooyi's leadership since 2006, PepsiCo has delivered strong results: Net revenue grew from $35 billion in 2006 to $63.5 billion in 2017, a compound annual growth rate of 5.5%. Copyright 2022 Mid-Day Infomedia Ltd. All Rights Reserved. Business, social, and philanthropic commitments occupy a lot of my time, and its often very hard to allocate that. Tuesday, Mar. program support for after-school classes, health, and Ad Choices, Actor Graham McTavish Planned a Scottish Castle Wedding for His Bride Garance Dor, 70 Incredible Forgotten Photos From Vintage Oscar Nights, Phil Ohs Best Street Style Photos From the Fall 2023 Shows in Paris. Nooyi was named on Wall Street Journal's list of 50 women to watch in 2007 and 2008. Be your own person.. They had strong points of view about what government or companies should be doing to help citizens of the country. She points out that NYU Tandon, with over 5,200 students, has many students from first generation immigrant families, many students on aid, and many female students. Tandon and the Member Class of 2019 will be formally inducted into the Association on April 4-6, 2019, during the 72, For Chandrika Tandon, the pieces of the jigsaw puzzle fit perfectly:We are custodians of the planet and we are here for a very short time. Business, arts, and philanthropy have all percolated into Tandons life and she has embraced each of them into a balanced lifestyle. BJP leader, journalists booked for fake migrant workers attack reports in Tamil Nadu, WATCH: Sarpanches protesting at Chandigarh-Panchkula border against Haryana's e-tendering policy detained by police, CBSE Class 10th Science Question Paper 2023 easy with direct questions, check student and expert analysis. Just . Then shed make breakfast, usually oat porridge with milk, sugar and cardamom powder. When I was 8, my mother gave birth to a little boy, Nandu, through a complicated C-section. For me, its become almost a meditation. For the unversed, megastar Amitabh Bachchan's granddaughter, Navya Naveli Nanda turned entrepreneur from a young age. Great variety was available, for a price. DNA: 'Soft corner' for China in Rahul's heart? Often, there would be power cuts and the house was plunged into darkness. She's written a new book called "My Life in Full: Work, Family, and Our Future . On many days, we also wrote out two pages in handwriting notebooks to practice cursive usually the phrase the quick brown fox jumps over the lazy dog because it includes all 26 letters of the alphabet. Indra Nooyi (ne Krishnamurthy; born October 28, 1955) is an Indian-American business executive and former chief executive officer and chairperson of PepsiCo.. She has consistently ranked among the world's 100 most powerful women. My hope is that with the narrative that accompanies this album, I will be able to help others start A New York Times Bestseller An intimate and powerful memoir by the trailblazing former CEO of PepsiCo For a dozen years as one of the world's most admired CEOs, Indra Nooyi redefined what it means to be an exceptional leader. In the end, White decided to stay. www.lassiwithlavina.com. Nooyi took to LinkedIn on Monday, and wished her husband, 'a very happy Valentine's Day' and said that because it was a day of . Indra Nooyi will be stepping down as PepsiCo CEO on October 3. When it was his turn to speak to the troops at the meeting the following week to announce Nooyi's appointment, he put it this way: "I play the piano and Indra sings." She blogs at She replied, It can wait. Former Chairman and CEO of PepsiCo Indra Nooyi speaks to Prannoy Roy about her upcoming book My Life In Full. Subscribe to Khabar and get a full digital copy of this Indian-American community magazine. Credits: Forbes. My mother was always in and out of the room, serving coffee and snacks to visitors, or tidying up. In 2009, she received the Walter Nichols Medal from NYU Stern for representing the highest ideals of business, service and integrity - prior recipients include Rockefeller, Greenspan and Welch. Who Will Hit Most Sixes In Women's Premier League 2023? She is not hung up on pay. All of youmy PepsiCo familyhave held a special place . It is like quieting ones mind and internal chatter for concentrated periods of time. 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.". Excerpted from My Life in Full:Work, Family, and our Future by Indra Nooyi with permission from Portfolio, an imprint of Penguin Publishing Group, a division of Penguin Random House, LLC. P.G.D.M. The award honours outstanding leaders who have accomplished great successes in spite of adversity. She documented all the transactions on a paper cash register and balanced the accounts each week. Life was frugal, but a sense of clockwork discipline bound Nooyi, her sister Chandrika, and brother, Nandu one that was silently instilled by their pragmatic parents, under the watchful eyes of thatha (grandfather). Through all of this, she reminds us, her family two daughters, husband, parents and siblings continues to occupy centrestage. Day after day, each meal was uniquely prepared, eaten and cleaned up, with no leftovers. 3 Theres no substitute for research and legwork: Be it as a sales trainee going door to door in Mumbai, a senior executive diving into research to devise strategy, or a CEO making personal visits to grocery stores to understand how people buy, Nooyi is never afraid of legwork. these days. The trade fair was a three-day event which took place in the presence of leading manufacturers and traders of readymade and unstitched garments of ladies, gents and kids. We read British childrens novels by Enid Blyton, Richmal Crompton, and Frank Richards. Navya graduated from Sevenoaks School in Kent, London along with Shah Rukh Khan's son Aryan Khan. If I had to rewind my life, I would add more compassion to it. When it came to business school, she wasactually one of only eight women in her batch atIIM Ahmedabad, at that time an-all male bastion. To revist this article, visit My Profile, then View saved stories. "Tell me whatever I need to do to keep you, and I will do it," she told her longtime colleague, who was vice chairman at the time. But Wall Street will care much more about how well Nooyi handles corn prices than about how well she solves world problems. Nooyi's grandfather, Thatha, with Nooyi (left) and her siblings. It was a very intensive, holistic restructuring deal involving If we struggled with math, hed pull out papers on which hed already composed practice problems. Every few chapters hed take the book, point to a page and ask: "What's the meaning of this word?" Since her start as CEO PepsiCos annual net profit has risen from $2.7 billion to $6.5 billion, and under Indras strategic leadership PepsiCo launchedPerformance with Purposein 2009. Nooyi served as the company's CEO (2006-18) and chairman of the board (2007-19). Indra Nooyi didn't know Navya Nanda was Amitabh Bachchan's granddaughter when she mentored her, but was very impressed with her business acumen. My family belonged to the Samaveda lineage, where ancient Vedic mantras are sung with a tune and meter in a most breathtakingly beautiful way, she recalls. Sukanya Datta Chandrika, and my younger brother, Nandu. Updated on: 28 September,2021 10:53 AM IST  |  Mumbai This website uses cookie or similar technologies, to enhance your browsing experience At a recent performance of 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). He read newspapers and books, lounging in an easy chair with a canvas seat. August 7, 2018. Music has made me understand perfection in a wholly different way. 1998-2022 INDIADOTCOM DIGITAL PRIVATE LIMITED, All rights reserved. Her fluency in the global arena is increasingly critical to the business. For Tandon, the joy is in being able to be a mentor to so many young people in the schools and colleges she supports. We played hide-and-go-seek, we climbed trees and picked the mangoes and guavas that grew in the garden surrounding the house. Get Your Mid-Day Gold Yearly Subscription now at Rs 899 Rs 499! In an old Indra Nooyi video I saw recently, she talks about getting into Yale and how her mother refused to let her go to America, how it was her father who insisted that he would never discriminate between his sons and daughters .