}; My goal She shares a great road map for anyone who aspires to merge social change with leading a large organization., An extraordinary window into the life, career, and family of a brilliant business strategist. September 27, 2021, 8:51 AM As a woman of color and an immigrant, Indra Nooyi did not have an easy journey to becoming the former chairman and CEO of PepsiCo. + qs; Nooyi was also one of the few foreign-born executives of either gender in top U.S. corporate ranks. 1953 The two had worked together for years. It permeates all aspects of my being. Some of the credit went to Nooyi. After graduation she went to Calcutta for doing post graduate diploma in management from Indian institute of management in 1976.She started her carrier as product manager in Johnson & Johnson. 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. For a long time, investors have been enamored of PepsiCo for its bold strategic moves and steady, reliable growth. Above all, a seeker of the light. We must build an infrastructure that enables them to succeed., We no longer need to make the case for why women are so great as contributors to the bottom line. Last year she spent $1.3 billion on acquisitions like Naked Juice, a California maker of soy drinks and organic juice. She was born as the second child of the family. Tandon was the first woman partner at McKinsey to give birth. Nooyi's next move was unclear as of early 2004. "They said, 'We're a soda-and-chips company,'" Nooyi told a Yale School of Management student audience on . "Indra is like a dog with a bone," Enrico told Wells after being brought around to Nooyi's position. program support for after-school classes, health, and Integrating the two companies was an even tougher challengeone that would be crucial to determining Nooyi's prized legacy. Let me explain: Indra was born in Madras (Chennai) on October 28, 1955 as the second daughter of Shantha and Krishnamurthy, a Tamil Brahmin middle class traditional family. But if you can get people to follow you to the ends of the earth, you are a great leader., There is nothing like a concrete life plan to weigh you down. { My hope is that with the narrative that accompanies this album, I will be able to help others start Sometimes she went barefoot at the office. Nooyi went on to earn a master's degree in business administration, majoring in finance and marketing, at the Indian Institute of Management in Calcutta (now Kolkata), one of just two business schools in India at the time, finishing in 1978. 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. cb: (new Date()).getTime() In addition to her work at PepsiCo Indra serves on numerous boards including the PepsiCo board of Directors, U.S.-China Business Council, U.S.-India Council and The Consumer Goods Forum. Like many immigrants, Tandon grew up in a middle-class family where both parents and children were deeply invested in the value of education. Meanwhile, archrival Coke (KO, Fortune 500) is gearing up to revive the cola wars with such products as calorie-free Coke Zero, which looks like a hit, and the company's newly acquired Vitaminwater lineup. I saw a major entrepreneurial opportunity.. Encyclopedia of World Biography. Nooyi is now a member of the board of Amazon, where she chairs the audit committee. She was a cricketer in college. ) John Schnatter resigned as Chairman of Papa Johns. Nooyi learned that simplifying messages means that you start with the big picture--the conclusion. Most stock quote data provided by BATS. Chairwoman, chief executive officer, and president, Hewlett-Packard Company She is the one who carefully planned to enter Pepsi in to the sport drink market in association with gatrode. She is a big fan of old comedies starring Nagesh. Indra Nooyi is the former CEO and Chair of PepsiCo. She further gave an uplifting and motivating speech that urged the students to visit their parents regularly. 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. Lori Stokes leaves Channel 7: Whats next after Eyewitness News? See also entries on Motorola, Inc. and PepsiCo, Inc. in International Directory of Company Histories. Indra sends her farewell letter to associates on her last day as CEO. They took a long walk on the beach. Balancing traditional roles of daughter, wife, and mother with the demands of blazing a trail in the business world, shes also an ardent spiritual seeker, musician, and a passionate educational philanthropist. He could easily have been CEO." var params = Father name Krishnamurthy worked at state bank of Hyderabad. [3] [4] B gi v tr vng chc trong s 100 ngi ph n quyn lc nht th gii. To succeed her, the board of directors has unanimously elected Ramon Laguarta. The above address is for mailing and administrative purposes. Since she started as a cfo, the company annual revenue had risen to 72 percent and net profit doubled. Former PepsiCo CEO Indra Nooyi always thought of writing a memoir as a "vanity project." However, Nooyi says when she started writing policy papers about supporting women, families and essential workers after her retirement from PepsiCo - she quickly realized her personal story would help get her ideas noticed. It would make her an absolutely unmarriageable commodity after that" (Financial Times, January 26, 2004). Image Credits: Dave Puente Photography. Mrs. Nooyi was the Chief Executive Officer of PepsiCo, Inc., a multinational food, snack, and beverage company, from October 2006 to October 2018, where she also served as the Chair of its board of directors from May 2007 to February 2019. In 1994 Nooyi joined PepsiCo as senior vice president of corporate strategy and development. 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. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. By clicking Accept, you consent to the use of ALL the cookies. PepsiCo thought enough of her to bring in former CEO Christopher Sinclair, who had grown up in India as the son of an Exxon Mobil executive, to her interview to try to help sell her on the organization. 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). Omissions? No responses found. 2019Encyclopedia.com | All rights reserved. Adversaries underestimated Nooyi at their peril. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/economics/news-wires-white-papers-and-books/nooyi-indra-k-1955. }; International Directory of Business Biographies. With the U.S. marketplace in slow-growth mode even in the best of times, the biggest opportunities are overseas. Indra found this to be a challenging position, as advertising womens feminine products was not allowed in India. The crowning glory in her career was serving as lead negotiator of PepsiCo's $13.8 billion acquisition of the Quaker Oats Company, which led to her being named one of the top five officers at her company. After leaving Johnson & Johnson she worked as a product manager for textile firm Mettur Beardsell Ltd. Indra began to feel as though she needed more preparation for the business world and so she applied and was accepted to the Yale School of Management in 1978. No sooner had PepsiCo president Indra Nooyi gotten word 18 months ago that she was to become the next CEO than she hopped on a plane to Cape Cod, where Mike White, her main challenger for the job, was vacationing. She went on a hunger strike to be allowed to go to college. Associate Editor, Encyclopdia Britannica. Under her leadership, PepsiCos revenues increased from $35 billion in 2006 to $63.5 billion in 2017. We complete each other's sentences." She wanted to take care and spend more time with family. It might sound like a better idea to save your conclusion for the . Indra Nooyi was born Indra Krishnamurthy on 28 October 1955. Necessary cookies are absolutely essential for the website to function properly. Indra Nooyi. My Life in Full by Indra Nooyi, read by Indra Nooyi. For the next six years, Nooyi worked as a consultant for the Boston Consulting Group. "Just as the American people are saying no to the political status quo, it is time to say no to the status quo of left-wing corporatism," Peter . Indra Nooyi, the former CEO of PepsiCo Inc., decided to retire in October 2018. Their elder daughter Preetha holds an MBA from Yale School of Management, the same school where . At the end of 2006, having topped Fortune magazine's list of the 50 most powerful women in U.S. business, she was, it seemed, the right woman for the job. She was promoted to chief financial officer of the company that year. Microsoft Corporation Awards: Named one of the "most powerful women in business" by Fortune magazine. Share your knowledge and earn revenue! "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. No economy in the world can be successful without tapping into the incredible potential of women., Bring together what is good for business with what is good for the world., The challenge of a leader is looking around the corner and making change before it's too late., Women helping each other - coaching, mentoring, and providing tips - is a great way for us to be our own force., Leadership is hard to define and good leadership even harder. "If all you want is to screw this company down tight and get double-digit earnings growth and nothing else, then I'm the wrong person," she says. these days. 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. Her predecessor, Steven Reinemund, calls her a "larger-than-life leader." ." 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. A devout Hindu, Nooyi went to temple and prayed regularly. 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. She got her first experience in business managing advertising for a campus newspaper. In 2009, she received the Walter Nichols Medal from NYU Stern School of Business for representing the highest ideals of business, service, and integrityprior recipients include John D. Rockefeller, Alan Greenspan, and Jack Welch. How did you decide which performers went to Kennedy Center? Both had been CFOs and rising stars. Let us know if you have suggestions to improve this article (requires login). 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. Indra is a Tamil movie buff. Adapting it for the stage at the Kennedy Center was a complex reimagining. Financial Times, January 26, 2004; August 15, 2006; August 17, 2006. Said Nooyi, "I love my family, but PepsiCo's also my child. Do not include your name, "with regards" etc in the comment. Who else made the list? All rights reserved. Her sister, Indra Nooyi, has been the high-profile President and CEO of PepsiCo and her brother, Nandu Narayanan, heads Trident Investment Management. In 2006 Indian-born executive Indra K. Nooyi (born 1955) was named chief executive officer of PepsiCo, parent company of the ubiquitous Pepsi-Cola, the giant multinational drink and snack-food maker. . 'Kitno Ko Khareedoge': Nawazuddin's Brother Shamaas Says Actor Is Paying For . She continued on with her education, receiving her M.B.A. in 1978 from the Indian Institute of Management in Calcutta. Encyclopedia.com. She is a Grammy-nominated musician. Education: Madras Christian College, BS, 1976; Indian Institute of Management, MBA, 1978; Yale University, master of public and private management, 1980. The cookies is used to store the user consent for the cookies in the category "Necessary". A rabid sports fan, Nooyi spent hours studying videotapes of the final championship games that the basketball great Michael Jordan played with the Chicago Bulls; she reviewed the tapes for lessons on teamwork. According to a public filing posted Friday, Nooyi saw her total compensation in 2016 rose 13%, to $29.8 million from $26.4 million the year before. 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. During this time she also predicted the slowdown of soft drinks in markets world wide. She learned to analyze problems in detail and to work with a team on typical American corporate planning projects. There, she specialized in science, receiving multiple bachelor's degrees in the fields of mathematics, chemistry, and physics in 1974. 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. At that point, the outlines of Nooyi's grand strategy were coming into view. Highlighting the on-the-go lifestyle that fuels demand for her company's products, she once commented that she had not realized how precious time was until she noticed a driver on the highway flossing his teeth. Search instead in Creative? that defines and consumes her the most Nooyi served as the company's CEO (2006-18) and chairman of the board (2007-19). At key meetings she makes sure he is seated on her right. The job posed severe challenges for the young business graduate, for she was given the task of managing the introduction of Stayfree sanitary napkins to India, where advertising for the product was banned. Indra seems to understand this instinctively.". We auditioned intensively and ultimately selected a mix of students, faculty, and alumni from NYU, as well as a few other talented singers from New York City. 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