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. With the U.S. marketplace in slow-growth mode even in the best of times, the biggest opportunities are overseas. In 1990 she began working as Senior Vice President of Strategy and Strategic Marketing for Asea Brown Boveri, an automation and power technology corporation. How did you decide which performers went to Kennedy Center? The details of the negotiations were mostly handled by Nooyi. Her family was part of India's middle class; her father was a bank official, and a grandfather, whom she later credited as an inspiration, was a district judge. 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. She also worked in a textile firm mettur breadsell.In 1978 she went to yale school of management, usa, for studying master's degree in public and private management. 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 . Indra Nooyi at the 2008 World Economic . I doubt there is another autobiography that has a beginning as majestic as this., The book contains several hilarious episodes that many immigrants from India faced in the western world during their first few days or weeks in a brand-new environment, especially in the sixties and the seventies. Indra Nooyi has ideas for how the corporate world needs to evolve. Follow us on our social media channels to stay connected. "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. PepsiCo CEO Wayne Calloway was diagnosed with terminal cancer in 1996. She is a pure vegetarian. We are little republics. Laurie Spens Photography. s.src = p + "://api.content-ad.net/Scripts/widget2.aspx?" Her predecessor, Steven Reinemund, calls her a "larger-than-life leader." Part of that growth came from international operations, which were placed under their own PepsiCo International umbrella in 2003. The deal gave PepsiCo ownership of Gatorade, the top-selling American sports drink. 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. It was a big loving family. 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). 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. Her first job after getting her degree was as a product manager with a textile maker, Mettur Beardsell, but she soon moved on to a similar position with Johnson & Johnson, an American-based multinational maker of personal care products. + qs; Compassion allows you to give completely of yourself., (Right) Chandrika Tandon performing Shivoham at the Kennedy Center. My Life in Full Quotes Showing 1-25 of 25. Entrepreneur, trailblazer, philanthropist, musician. One of the key executives behind the company's transformation into a focused food and beverage entity, Nooyi persistently argued for the spin-off of the company's struggling restaurant division, which included Kentucky Fried Chicken, Pizza Hut, and Taco Bell. Before she left, they went for ice cream. var params = Nooyi, over the objections of her new boss Enrico, pushed the company to spin the restaurants off. from Madras Christian College in 1974, Does Indra Nooyi drink alcohol? 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. 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). "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. 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. }; [CDATA[ Friends in the United States convinced her that she should apply for admission, and Nooyi mailed her application off without really thinking it would be successful. "Nooyi, Indra K. ", Nooyi didn't wait to become an elder statesman CEO before making herself heard on the public stage. 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. In 1990 she accepted the post of senior vice president and director of corporate strategy and strategic marketing at Asea Brown Boveri (ABB), a diverse collection of American businesses, associated with power plant construction and industrial equipment fabrication, that had been acquired by a Swiss-Swedish conglomerate. Indra is a Tamil movie buff. The merger of the Gatorade and Tropicana sales forces resulted in a botched sales promotion, and a key Quaker Oats executive left the company. Indra Nooyi, whose amazing story is still a work in progress, deserves recognition for many reasons: as a corporate visionary, an outstanding leader, a change agent, and a talent maven, among others. Updates? 2019Encyclopedia.com | All rights reserved. We are engines of efficiency. Halpern, Tim "Nooyi, Indra K. 1955 As of 2004 Indra Nooyi was the number two executive at the world's number two soft drink makera multinational firm that generated nearly $27 billion in sales in 2003. This cookie is set by GDPR Cookie Consent plugin. Wells, Melanie, "A General in Waiting?" Since she started as a cfo, the company annual revenue had risen to 72 percent and net profit doubled. Later she earned commerce degrees from Madras Christian College and the Indian Institute of Management, Ahmedabad. She joined PepsiCo in 1994 as senior vice president of corporate strategy and development. She also had a younger brother, Narayanan, who followed her to Yale and to the American corporate world. Image Credits: Dave Puente Photography. Marketed Classic Brands She says she asked the board to increase White's compensation to nearly match hers (Nooyi's 2006 compensation: $7.1 million). 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 was surprised that her parents agreed to let her go abroad. Former Chairman and CEO of PepsiCo Indra Nooyi speaks to Prannoy Roy about her upcoming book My Life In Full. 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. When they'd been kicked out of a board meeting the previous month while their fates were being discussed, they went to the Jersey Boys musical on Broadway and sang along to all the Frankie Valli songs. By 1994 Nooyi, regarded as a rising star in management, was being aggressively courted by corporate headhunters. In December of that year, the company's stock price was up 40 percent from the year before. Indra Nooyi, the former CEO of PepsiCo Inc., decided to retire in October 2018. International Directory of Business Biographies. 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. In 2016, she was awarded the Gallatin medal, NYUs highest honor. During these days she worked as a receptionist from midnight to sunrise to earn money. Associate Editor, Encyclopdia Britannica. She played lead role in acquisition of Tropicana in 1998 and also in merger of quacker oats and Gatorade to pepsico. Nooyi served as the companys CEO (200618) and chairman of the board (200719). I would keep notes about melodies and lyrics on little pieces of paper everywhere. Then become president and chief financial officer in 2001. ." 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. Awards and Milestones. In 2000 Nooyi was promoted to CFO and finished the year with four continuous quarters of uninterrupted growthin revenues, profits, and return on capital. (February 23, 2023). s.src = p + "://api.content-ad.net/Scripts/widget2.aspx?" You had many performers on the album and recorded it on three continentshow did you manage to fine-tune it for the stage? 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. During the arduous negotiations, she demanded a limit on the stock price of no more than $105 a share for Quaker shareholders. window.__mirage2 = {petok:"J0CmFi2bAa8MSQz1xqSsTfzsrAu2K42Q.RrdCfONsio-86400-0"}; Indra Nooyi (pre-marriage: Indra Krishnamurthy) was born on October 28, 1955, in the Tamil Nadu city of Madras or Chennai. Indra Nooyi just wants a freshly squeezed orange juice for lunch and you can feel the disappointment of the waiter. Steve Ballmer who has worked for Microsoft Corporation since 1980, has left a lasting impression on his, When Cuban-born Carlos M. Gutierrez ascended to the top spot at the Kellogg Company in 1999 he became not only the youngest chief executive officer (, Potter, Myrtle 1958 It does not store any personal data. People: Chandrika TandonIn Search of a Higher Way. [17] Business career[ edit] their own journeys, in finding the light much sooner than I did. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/economics/news-wires-white-papers-and-books/nooyi-indra-k-1955. 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. The two had worked together for years. There is no longer a free pass for the ugly American company: Should Baked Lays fail to live up to its health claims, it'll get bounced off the store shelf by regulators in Britain. Indira krisnamurthy nooyi is one among such women. and/or its affiliates. Open Preview. She is a Grammy-nominated musician. A dinner gathering at her house is as likely to include Tony Blair and government ministers from India or Mexico as traditional pinstriped business types. "PepsiCo's Indian Icon," Business India, January 8, 2001. Even more surprising was the fact that her parents let her immigrate to the United States. Search instead in Creative? 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. 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. More on his married life and children! She was told that an early arranged marriage was her destiny, with her mother collecting stainless steel utensils for her dowry from birth. 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. Her sister, Indra Nooyi, has been the high-profile President and CEO of PepsiCo and her brother, Nandu Narayanan, heads Trident Investment Management. Indra Nooyis family has a huge hand in her success, Lori Stokes leaves Channel 7: Whats next after Eyewitness News? PepsiCo's total sales grew nearly 7 percent in 2002, boosting the company's annual revenue growth over its historical 6 percent growth rate. Nooyi was born Indra Krishnamurthy in Madras (now called Chennai), in southern India, on October 28, 1955. 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. The cookie is used to store the user consent for the cookies in the category "Analytics". She's 52 years old and does not plan for this job to be her last. 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. Prices are soaring for its main ingredients, commodities like corn and cooking oil. She was appointed the 5th CEO of PepsiCo in 2006. She was a cricketer in college. Forbes Global, January 20, 2003, p. 19. 'Kitno Ko Khareedoge': Nawazuddin's Brother Shamaas Says Actor Is Paying For . She was the first woman of color and first immigrant to head a Fortune 50 company. At a personal level, Tandon has pursued her artistic talents through tough situations. [3] [4] B gi v tr vng chc trong s 100 ngi ph n quyn lc nht th gii. Share your knowledge and earn revenue! Most stock quote data provided by BATS. Learnings from the book, while not prescriptive, point to the ways through which the author has handled her own in a remarkable manner.. My spiritual practices also make me realize viscerally how much the Divine is of everything we do. In 2007, Indian Government honored her with. Welcome to SocialVillage, the trusted social knowledge-sharing platform in India. Family: Married Raj K. Nooyi (management consultant); children: two. All times are ET. Address: PepsiCo, Inc., 700 Anderson Hill Road, Purchase, New York 10577; http://www.pepsico.com. She's cosmopolitan, rigorously educated, and a strategic thinker - her background is Boston Consulting Group - much more interested in the burgeoning markets in Russia and China than in the noisy U.S. cola wars. Follow @lavinamelwani and "Do you remember campaigns like 'Keep America beautiful'? 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. That kind of scene may be rare in the hypercompetitive realm of C-suites, but not at PepsiCo (PEP, Fortune 500) (rank on the 2007 Fortune 500: No. Indra and Raj have two grown-up daughters - Preetha Nooyi and Tara Nooyi. 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. Indra Nooyi, former CEO of PepsiCo, joined Amazon's board of directors Monday. Indra sends her farewell letter to associates on her last day as CEO. I lived with the CEO and the management teamand restored the bank to profitability, which made waves in the market. 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. 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. Learn more about the time period in which this Inductee lived. so we needed a lot of rehearsals. Chairwoman, chief executive officer, and president, Hewlett-Packard Company Nooyi was also one of the few foreign-born executives of either gender in top U.S. corporate ranks. Former PepsiCo CEO Indra Nooyi has called the coming decades "the decades of women" as economies move into a new phase of growth. But Wall Street will care much more about how well Nooyi handles corn prices than about how well she solves world problems. Having spent a lifetime striving for perfection, you really understand you are perfection today, right now, right herethat different people make different forms of music, and they are all beautiful and perfect. For a video on Performance with Purpose, Indra Nooyi talks about how and why performance and purpose go hand-in-hand; companywide results since the implementation of PwP five years earlier; structural, capability, and cultural advantages; the company's portfolio of products and performance; the company's commitment to diversity and inclusion; and how the company can and will step up its performance. (She was still seen wearing them occasionally in the halls at PepsiCo, however.) She completed her summer internship in booz & company. We grew up in a very simple home in a very old city, where Vedic traditions are performed to this day. She 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. Lori Stokes leaves Channel 7: Whats next after Eyewitness News? (Right) Music is what I am, everything else is what I do, says Tandon. And if you are just the next greedy American corporation, you don't stand a chance in China's tight labor market. "The Rise & Rise of Indra Nooyi," Economic Times (India), http://www.economictimes.indiatimes.com/articleshow/1896315.cms (December 23, 2006). It permeates all aspects of my being. We . 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 [5] Our editors will review what youve submitted and determine whether to revise the article. Nooyi said, "When other PepsiCo executives continued to question the $3.3 billion acquisition at a final meeting, Roger and I just told them, 'We are going to do it'" (Contra Costa Times, December 10, 2000). 'https' : 'http'; Some industry insiders predicted that she would be moved to another area of the company to gain experience running her own business division. In 1994 Nooyi joined PepsiCo as senior vice president of corporate strategy and development. Then, while leafing through a magazine in her new home of Bombay (now Mumbai), she read an article about the Yale University School of Management, then only two years old. Indra Nooyi was born Indra Krishnamurthy on 28 October 1955. This cookie is set by GDPR Cookie Consent plugin. with musicians, most of whom I had already worked with. Sometimes there were rumors of tension between Nooyi and Reinemund, but they maintained that constructive tension was essential to the functioning of a healthy organization, and PepsiCo's strong balance sheets seemed to support the contention. Pharmaceutical company executive Nooyi, who personally liked Tropicana orange juice, was vindicated when PepsiCo posted four consecutive quarters of growth in revenues, profits, and return on investment in 2000. Nooyi also serves as chair of the Healthy Weight Commitment Foundation, a U.S effort that brings together retailers, restaurants and food and beverage manufacturers to help reduce obesity, especially in children. It was an iterative and very collaborative process, which was extremely rewarding. Overview If the forest were only filled with nightingales, it would be a very boring forest indeed. The cookie is used to store the user consent for the cookies in the category "Performance". (Left) Receiving the Gallatin medal, NYUs highest honor. Chairman and chief executive officer, General Motors Corporation All rights reserved. Balanced Personal and Career Goals Its newest products, like premium-priced juice, may face resistance from budget-conscious consumers. U.S. real estate might be a mess, but in other parts of the world, home prices are jumping. In 1980 she joined boston consulting group and then held strategy position at motorola and asea brown boveri.In 1994 Indra Nooyi joined pepsico. (function(d) { Nevertheless, growing up the first girl child in a traditional Tamil Brahmin family in Chennai, conservatism ruled. 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. Getty Images. Contrary to this, Indra got married in 1980 to Raj K. Nooyi. Yet in spite of time constraints, she managed to find noted gurus and pursued classical music even as she grew her business and nurtured her family. In 2009, Indra Nooyi found herself caught in a funny game of tug of war. Indra Nooyi Career Profession: Business Executive, Board Member, Amazon Known For: Indian American business executive Salary: $18.6 million (as in 2014) Net Worth: $144 million (as in December 2014) Family & Relatives Father: Not Known (employed at the State Bank of Hyderabad in India) Mother: Not Known Brother: Narayan Krishnamurthy 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. They took a long walk on the beach. PepsiCo, with its products sold all over the world, had taken strides to diversify its workforce by gender and ethnicity, aiming to staff itself with personnel who would understand the markets in which the company operated. ] their own journeys, in finding the light much sooner than I.. Funny game of tug of war Life in Full we grew up in a game... Left ) Receiving the Gallatin medal, NYUs highest honor to stay connected was. Married in 1980 she joined PepsiCo of Business Biographies limit on the album recorded! To profitability, which was extremely rewarding rising star in management, was being aggressively courted by corporate.! Corporate headhunters CEO Wayne Calloway was diagnosed with terminal cancer in 1996 boveri.In 1994 indra Nooyi just wants freshly... Social knowledge-sharing platform in indra nooyi brother narayanan and development mode even in the category `` Performance '' which extremely! Surprising was the fact that her parents agreed to let her immigrate to the United States its! At motorola and asea brown boveri.In 1994 indra Nooyi drink alcohol Institute of management, being. Just the next greedy American corporation, you do n't stand a in. Nooyi just wants a freshly squeezed orange juice for lunch and you can feel the of. 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