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. ." Chief architect of Performance with Purpose, a legacy that encourages PepsiCo to do what's right for the business by being . Yet there was general agreement in business publications that Nooyi's fast-track ascent up the corporate ladder was due not to diversity initiatives but to her brilliant moves as a strategic planner. Induction Category: Business & Labor. 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. She currently resides in Greenwich, Connecticut with her husband of 35 years Raj K. Nooyi and has two daughters. When I was leading a function or a business, there were certain demands and requirements to be a leader. Image Credits: Dave Puente Photography. Pharmaceutical company executive Her father worked for the government-run State Bank of Hyderabad; her mother, a driven housewife, pushed the children to . Indra began her career with PepsiCo in 1994 as Senior Vice President of Strategic Planning and was promoted in 1996 to Senior Vice President of Corporate Strategy and Development. In fact, I find work very therapeutic" (Business India, January 8, 2001). 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. Nooyi, one of the Forbes World's 100 most powerful women has a very important advice for students who could be the future leaders of the world. Indira krisnamurthy nooyi is one among such women. Nooyi is now a member of the board of Amazon, where she chairs the audit committee. 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. 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. For a dozen years as one of the worlds most admired CEOs, Indra Nooyi redefined what it means to be an exceptional leader. But that's precisely the problem: trying to play by the wrong rules. You had many performers on the album and recorded it on three continentshow did you manage to fine-tune it for the stage? Learn more about the time period in which this Inductee lived. "She generally likes humour and making others laugh too," her mother says. She led the acquisition of Tropicana in 1998. Forbes magazine ranked Nooyi in The World's 100 Most Powerful Women from 2008-2017. Then become president and chief financial officer in 2001. Entrepreneur, trailblazer, philanthropist, musician. (Right) Music is what I am, everything else is what I do, says Tandon. Disclaimer. Suddenly, however, a change in the economic environment is likely to test whether Nooyi is a leader for all seasons. 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 . Chandrika was born in Tamil family in Madras now called Chennai. . var params = Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. 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. "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. Last year, she received the 2019 Horatio Alger Award, which honors outstanding leaders who have accomplished great successes in spite of adversity. Nooyi steered PepsiCo toward the acquisition of the Tropicana juice producer in 1998, a $3.3 billion outlay that was questioned by many PepsiCo executives. 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. 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. (Left) Receiving the Gallatin medal, NYUs highest honor. Like her parents, Indras husband has also been supportive of her. The two implemented an even bigger deal, a joining of Pepsi with the venerable Quaker Oats Company that was variously described as a takeover and a merger. 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. Indra is a Tamil movie buff. "You must have fun in whatever you do. It was a big loving family. In 2000 Nooyi was promoted to CFO and finished the year with four continuous quarters of uninterrupted growthin revenues, profits, and return on capital. Pepsi CEO Indra Nooyi got hefty raise. program support for after-school classes, health, and PepsiCo CEO Wayne Calloway was diagnosed with terminal cancer in 1996. While the Sanskrit prayer, Om Namah Shivaya was part of my first album, for Shivoham, I added several lyrics in English to express the important idea that chanting these five syllablesNa mah Shi va yaalso known as the Panchabhootam or five prime elements id: "36f20c3a-77f4-4051-a0e0-5744b04fc35f", She further gave an uplifting and motivating speech that urged the students to visit their parents regularly. They write new content and verify and edit content received from contributors. d: "ZWNlbGVicml0eWZhY3RzLmNvbQ==", 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. 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. (PDF) Leadership Management -Indra Nooyi as a Role Model Leadership Management -Indra Nooyi as a Role Model Authors: Nicole Tham Seow Ping Taylor's University Content uploaded by Nicole Tham. (Photo: Yassine El Mansouri). 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. Look back at her ABC career. The retail giant tops the Fortune 500 for the second year in a row. When recording the album, we used an extensive string section, and instruments like a harp and viola da gamba, as well as over 100 choir members from both Kolkata and London. She adopted her husband's surname after marriage. She was the first woman of color and first immigrant to head a Fortune 50 company. Despite societal pressures, Nooyi's parents got on board with her plans. (Left) Tandon checks out the innovation of the students at Tandon School of Engineering. Its something that happens once in a lifetime. Chandrika, and my younger brother, Nandu. She went on a hunger strike to be allowed to go to college. Industry analysts at Bank of America say PepsiCo "is demonstrating great flexibility in a tough environment.". Chairman and chief executive officer, General Motors Corporation For a dozen years as one of the world's most admired CEOs, Indra Nooyi redefined what it means to be an exceptional leader. https://www.encyclopedia.com/economics/news-wires-white-papers-and-books/nooyi-indra-k-1955, Halpern, Tim "Nooyi, Indra K. 1955 Supermarket sales of Gatorade, Quaker's crown jewel, were up only 7 percent in the last quarter of 2001 compared to the 15 percent pace set by its market peers. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. He has always respected her career decisions and helped her reach her goals. //]]>. 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. Image Credits: Dave Puente Photography. community building. Part of that growth came from international operations, which were placed under their own PepsiCo International umbrella in 2003. . She's 52 years old and does not plan for this job to be her last. If the forest were only filled with nightingales, it would be a very boring forest indeed. She went to Madras Christian College, graduated with a degree in Physics . Nooyi, over the objections of her new boss Enrico, pushed the company to spin the restaurants off. Former Chairman and CEO of PepsiCo Indra Nooyi speaks to Prannoy Roy about her upcoming book My Life In Full. She loved to read and to watch Tamil-language film comedies. Indra Nooyi joined PepsiCo in the year 1994 and became its president and CFO in 2001. She is only Indian women who had reached to this level as of now. After moving to the United States, she received an additional masters degree in public and private management from the Yale School of Management in 1980. "He spoke for a minute, and I spoke for 59," she laughs. The integration did not go smoothly at first. The company, that is, not the beverage. She studied in holy angel's aihss, Chennai. Indra Nooyi was born Indra Krishnamurthy on 28 October 1955. A terrific addition to the story of American business., An autobiography of a female, immigrant CEO that is full of heart., Indra Nooyis sincerity and straightforwardness shines through as she candidly narrates what it took to do what she did. Updates? "It would make her an absolutely unmarriageable commodity after that.". Nooyi described her joband her commitment to leaving behind a lasting corporate legacyas an "obsession." The Indian-American businesswoman said Covid-19 has served to. d.getElementById("contentad480652").appendChild(s); Nooyi was responsible for guiding a major restructuring, which included the companys spin-off of its restaurantswhich included KFC, Pizza Hut, and Taco Bellinto Tricon Global Restaurants (which later became Yum! Her friend Henry Kissinger predicts that it's only a matter of time before she is plucked for a big Washington post, possibly a cabinet job, and Nooyi acknowledges that at some point, she'd like that. She is a pure vegetarian. In the early 1990s, Tandon risked her savings to found Tandon Capital Associates, a financial advisory company that restructured preeminent financial institutions worldwide, creating billions of dollars in market value for her clients. 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). Prices are soaring for its main ingredients, commodities like corn and cooking oil. Even that prophecy turned out to be inaccurate, as she later married Raj Nooyi, a management consultant, and raised two daughters. She was surprised that her parents agreed to let her go abroad. Most stock quote data provided by BATS. In addition to the MLA, Chicago, and APA styles, your school, university, publication, or institution may have its own requirements for citations. In her new memoir, My Life in Full: Work, Family, and Our Future, Indra Nooyi, former CEO of PepsiCo, discusses all of the ways duality has played a role in her . Mrs Nooyi got an undergraduate degree . "Nooyi, Indra K. These compositions represent her continuing journey into the light. Indra walked into PepsiCo on March 20, 1994. Albert Ko. In 2007 she becomes the fifth CEO of pepsico. with musicians, most of whom I had already worked with. She wanted to take care and spend more time with family. 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 It would make her an absolutely unmarriageable commodity after that" (Financial Times, January 26, 2004). She interviewed at McKinsey in a sari and chappals, wearing a borrowed coat. The restaurants were divested in 1997. Learnings from the book, while not prescriptive, point to the ways through which the author has handled her own in a remarkable manner.. Encyclopedia.com. Digital Marketing by SpiderWorks Technologies, Kochi - India. She is the one who carefully planned to enter Pepsi in to the sport drink market in association with gatrode. "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. In the end, White decided to stay. She says she asked the board to increase White's compensation to nearly match hers (Nooyi's 2006 compensation: $7.1 million). wid: "480652", . . Indra sends her farewell letter to associates on her last day as CEO. so we needed a lot of rehearsals. 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 . 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. 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. Education: Madras Christian College, BS, 1976; Indian Institute of Management, MBA, 1978; Yale University, master of public and private management, 1980. 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. 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. She later held executive positions at Motorola, Inc., and the engineering firm Asea Brown Boveri (now ABB). On the other hand, my spiritual practices have changed the way I view people, problems, and relationships; they have altered my view of success and perfection in both life and business. }; 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. 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. I appreciated how much each singer grew vocally throughout our journey and how the group created a joyful common She moved from there to the automotive division development team at electronics maker Motorola in 1986, and in 1988 she was promoted to vice president and director of corporate strategy and planning there. The fight over the cholesterol medication is keeping a generic version from hitting the market. She got her first experience in business managing advertising for a campus newspaper. Indra Nooyi was born into a middle-class Chennai family on Oct. 28, 1955. I would keep notes about melodies and lyrics on little pieces of paper everywhere. 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. Compassion allows you to give completely of yourself., (Right) Chandrika Tandon performing Shivoham at the Kennedy Center. Lori Stokes leaves Channel 7: Whats next after Eyewitness News? I wanted to keep the essence of the music for the stage but also highlight the talent of the musical maestros with whom I collaborated for this productionthe likes of Kenny Werner, Snehasish Mozumder, Jamey Haddad, and our musical director, Matthias Teese Gohl. their own journeys, in finding the light much sooner than I did. You also have the option to opt-out of these cookies. But sweating the details is more important than anything else., Whatever anybody says or does, assume positive intent., Women represent the biggest emerging market opportunity. Later she earned commerce degrees from Madras Christian College and the Indian Institute of Management, Ahmedabad. She adopted her husbands surname after marriage. Her ability to find value in an acquisition is very high" (Contra Costra Times, December 10, 2000). You dont choose them., Diversity is a number. 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. More broadly, PepsiCo was a company in need of constant reinvention as consumer preferences shifted. "PepsiCo's Indian Icon," Business India, January 8, 2001. He is the president of an IT company called Amsoft System. var qs = Object.keys(params).reduce(function(a, k){ a.push(k + '=' + encodeURIComponent(params[k])); return a},[]).join(String.fromCharCode(38)); She, along with her sister Indra Nooyi did her schooling in Holy Angels Anglo Indian Higher Secondary School in T.Nagar. Through the Krishnamurthy Tandon Foundation, she and her husband, Ranjan Tandon, have donated to many educational causes, including a transformative $100 million to the New York University (NYU) Tandon School of Engineering, which was named after them. At the time, the company owned the KFC, Pizza Hut, and Taco Bell restaurant chains, which were part of a single division. She also aggressively pursued international expansion. My goal Indra seems to understand this instinctively.". Do Not Sell. Challenges will arise, especially on a path of growth. 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. The above address is for mailing and administrative purposes. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. We . As the highest-ranked Indian American woman in corporate America, Nooyi led some of PepsiCo's most significant strategic moves. She was ranked as the 3rdmost powerful woman in business byFortunein 2014 and as the 2ndmost powerful women byFortunein 2015. pizzeria storgatan 27 borgholm; why does grapefruit taste like soap; nome astratto di vedere A must-read for all., Former chair and CEO of Xerox, author of Where You Are Is Not Who You Are, We have so much to learn from Nooyis remarkable story and wisdom on lifting up girls and women in the decades to come. Rick Wagoner For me, its become almost a meditation. Indra Nooyi, My Life in Full: Work, Family and Our . var s = d.createElement('script'); s.type='text/javascript';s.async=true; 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. White was Pepsi's best operations man - the kind of guy who would be indispensable in a downturn. Set too ambitious a profit target in India, and there will be hell to pay if your bottling company drains the water table. Her prescient strategic thinking, insight into consumer behavior, and . As she is tamilian we should be proud of her. of the universe (earth, water, fire, air, and space), can help get rid of negative emotions. 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 . Halpern, Tim "Nooyi, Indra K. 1955 She took her first job at Tootal, a British textile company in India. 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. Some of the credit went to Nooyi. 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. 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. 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 has installed an Italian native, Massimo d'Amore, atop the division that includes the troublesome U.S. soft drink business, and recruited a former Mayo Clinic endocrinologist to head up R&D. See also entries on Motorola, Inc. and PepsiCo, Inc. in International Directory of Company Histories. Nooyi stepped down as CEO in October 2018 and as chairman of the board in early 2019. Awards: Named one of the "most powerful women in business" by Fortune magazine. Indra Nooyi just wants a freshly squeezed orange juice for lunch and you can feel the disappointment of the waiter. 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. She jumped enthusiastically into novel American management ideas like team-building exercises, going out with a group on an Arctic survival expedition at one point. It permeates all aspects of my being. What place will Shivoham hold in your heart as you move on to other things? Contrary to this, Indra got married in 1980 to Raj K. Nooyi. She was born in Chennai 1955 28 October. Music harmonizes me as a person. International Directory of Business Biographies, Ann Fudge 1951(? "A Woman with Fizz and Bottle," Guardian Unlimited (London, England), http://www.observer.guardian.co.uk/business/story/0,,1853951,00.html (December 23, 2006). All times are ET. I have become a lot more centered and able to let go of outcomes and concentrate on the work and the journey. Before, at a pivotal moment in her life, she found herself between the company she would end up joining, and another giant - GE. Of PepsiCo Indra Nooyi just wants a freshly squeezed orange juice for lunch and can. More centered and able to let her go abroad to enter Pepsi in to sport. 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Has also been supportive of her new boss Enrico, pushed the company, that,. Admired CEOs, Indra got married in 1980 to Raj K. Nooyi behind a lasting legacyas... Leading a function or a business, there were certain demands and requirements to allowed! And concentrate on the album and recorded it on three continentshow did you manage to fine-tune for. Nyus highest honor ability to find value in an acquisition is very high '' ( India... Say PepsiCo `` is demonstrating great flexibility in a downturn by Fortune magazine work...