Indra Nooyi has always been highly innovative . Eventually she moved on to work with Johnson & Johnson as a product manager. 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. Nooyi stopped using aspartame in Diet Pepsi in 2015. Qualification: B.S. Her inspiring story has set an example for people of all ages and backgrounds. When she managed to save enough for a suit which she wore to her first post-Yale job interview she got rejected. This is what a great leader does. Children: Tara Nooyi, Preetha Nooyi Education: University of Madras (BS), Indian Institute of Management, Calcutta (MBA), Yale University (MS) Indra Nooyi is an Indian-American businesswoman, best known as the former chief executive officer of the PepsiCo company. The win, however, wasnt enough. Education, Family , Ethnicity & Boyfriend :-School Name: . In 1981, Indra tied the knot with AmSoft Systems president Raj K. Nooyi. Welcome to the BlogzBite.com Informational Article Web Page. Stay Realistic:- Running behind things that aren't even real is just a waste of time and resources, being a leader or an employee you should set and decide what's realistic and even possible to attain. Indra was born in Madras, India. Ajay Banga Bio, Age, Family, Wife, Daughter, General Atlantic, Mastercard, Net Worth, Arvind Krishna Bio, Age, Family, Wife, Education, Salary, Book, Net Worth, Copyright 2023 | WordPress Theme by MH Themes, Meet Arvind Krishna: The Rising Star of the Corporate World. She studied physics, chemistry and mathematics before graduating in 1974. To help support the investigation, you can pull the corresponding error log from your web server and submit it our support team. Famous People in USA Instead, she encouraged her daughters to and promised them that if they did well, In 2006, Indra Nooyi became the CEO of PepsiCo. [90], In 2016, Nooyi gifted an undisclosed amount to her alma mater, The Yale School of Management. 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. The current net worth of Indra Nooyi is $80 million. However, Nooyis move was a step up to focus on championing workplace equality. The attendees at this years Women in Retail Leadership Summit filled the ballroom to hear the keynote interview with none other than the queen of pop herself, PepsiCos Indra Nooyi. The couple has two daughters. [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. She has been instrumental in the diversification and expansion of PepsiCos brands which had primarily been more focused on soft drinks. PepsiCo CEO until 1994 and CFO until 2001, respectively. She was educated at Holy Angels Anglo Indian Higher Secondary School. 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. Other executives at PepsiCo and critics on Wall Street initially opposed the $3.3 billion acquisition of Tropicana. However, up until the beginning of 2019, Nooyi maintained his position as the companys chairman. She recategorized the PepsiCo products into three groups: better for you (diet or low-fat versions of snacks and sodas) and good for you (items like oatmeal) are examples of fun for you. Plenty of money backed up her initiative. Indra Nooyi Autobiography . A natural born leader. 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. Indra Nooyi. PepsiCo at that time owned KFC, Pizza Hut, and Taco Bell restaurant chains. Businesswoman and Grammy nominee Chandrika Krishnamurthy Tandon is her older sister. Born into a middle-class family in Chennai, Nooyi has always been someone who refused to adhere to the conservative norms of the society. Her total remuneration had increased to $19,087,832 by 2014, including $5.5 million in equity. Work Life Balance for Women . [53], In 2009, Nooyi was considered one of "The TopGun CEOs" by Brendan Wood International, an advisory agency. Nooyi is a resident of Connecticut and a Yale SOM classmate of Connecticut Governor Ned Lamont. Bringing you the latest news, trending topics and continuing professional education advice about online learning institutions worldwide. Our editors will review what youve submitted and determine whether to revise the article. Ms Nooyi is now a member of the board of Amazon, where she chairs the audit committee. 2023 Forbes Media LLC. She would play guitar in a band and be often referred to as rebellion or wild. Ms Nooyi served as a member of the PepsiCo Board of Directors from 2001 to February 2019. She is a revered role model for women and immigrants and celebrated for her empowering messages on inclusivity. Nooyi has been listed among the top female executives in the United States and the World's 100 Most Powerful Women. In a radio interview, Nooyi stated that PepsiCo is getting ready to launch products designed and packaged as per women's preferences, and based on behavioral differences in the way men and women consume snacks. in 1997. 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). Despite taking on an assignment even a seasoned manager might struggle with, Nooyi came out on top. Nooyi serves as an Honorary Co-chair for the World Justice Project. The yearly net profit of PepsiCo increased from $2.7 billion to $6.5 billion. 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 became the school's biggest alumni donor in history and the first woman to endow a deanship at a top business school with her gift. Then, in 1986, she moved on to Motorola as a senior executive. She has been looking for an upgrade, expanding, and diversifying PepsiCo's products and brand by more focusing on soft drinks. 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. In 2006, Indra Nooyi became the CEO of PepsiCo. Nooyi directed the company's global strategy for more than a decade and led PepsiCo's restructuring, including the 1997 divestiture of Tricon, now known as Yum! In 2008, Forbes ranked her as the third-most powerful woman. Forbes ranked her 13th in 2014. She earned $17 million in 2011, with a base salary of $1.95 million, according to her 2011 salary statement. In 2008, Forbes ranked her third among the most powerful women. Nooyi has been listed among the top female executives in the United States and the World's 100 Most Powerful Women. 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. Nooyi completed her schooling at Holy Angels Anglo Indian Higher Secondary School. After this, she worked as a director of international corporate strategy projects at the Boston Consulting Group. [7] Fortune ranked her the #1 in the list of Most Powerful Women in Business in 2009 and 2010. Her younger daughter, Tara, graduated from Yale University. At the time, Indra was working for top consultancy BCG in Chicago. [10][11], Nooyi was born on October 28, 1955, in Madras (now known as Chennai), Tamil Nadu, India. 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. [83][87], Nooyi also serves as the Class of 1951 Chair for the Study of Leadership at West Point,[88] a Dean's Advisory Council member at MIT's School of Engineering,[89] and a member of the MIT Corporation. 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! Blogzbite has more than 50 experienced and budding content creators and bloggers under its umbrella and they work with a same mission to provide credible, correct and concise knowledge to the visitors. [83], In June 2016, she was part of the inaugural team on the Temasek Americas Advisory Panel. Updates? [23] Nooyi also took the lead in the acquisition of Tropicana in 1998,[24] and the merger with Quaker Oats Company, which also brought Gatorade in 2001. [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. She also worked in PepsiCo as Senior Vice President, of Strategic Planning from 1994 to 1996. [81] She serves as a member of the Foundation Board of the World Economic Forum, International Rescue Committee, Catalyst[82] and the Lincoln Center for the Performing Arts. Prior to Motorola, she spent six years directing international corporate strategy projects at The Boston Consulting Group. It was a monumental task the brand was struggling to become a household name, but Nooyi eventually succeeded in increasing its visibility. Nooyi was named on Wall Street Journal's list of 50 women to watch in 2007 and 2008. Nooyi also focused on sustainability and environmental issues as part of Performance with a Purpose. While every effort has been made to follow citation style rules, there may be some discrepancies. Nooyi's family was middle class and, like most of their neighbors, devout Hindus and relatively conservative. On April 5, 2007, she was awarded the Padma Bhushan award by the President of India Dr.APJ Abul Kalam Azad at the Rashtrapati Bhavan. Nooyi has said that it wants to create a line of snacks just for women because it thinks this is a market that hasnt been explored before. In a middle-class but conservative family. [42], In 2019, Nooyi became the co-director of the newly created Connecticut Economic Resource Center, a public-private partnership with the Connecticut Department of Economic and Community Development. Thereafter she became the CEO of it in 2006. [29][38] In 2015, Nooyi removed aspartame from Diet Pepsi. Prior to becoming CEO, Ms Nooyi served as PepsiCos president and chief financial officer and was a member of the companys board of directors. [65], In February 2020, Nooyi was honored with the Outstanding Woman in Business award by the League of Women Voters of Connecticut. https://www.britannica.com/biography/Indra-Nooyi, Connecticut Womens Hall of Fame - Indra Nooyi, National Women's History Museum - Indra Nooyi. Over the next couple of years, she worked closely with the new CEO, Roger Enrico, and worked on shaping the companys future expansion and growth strategies. From a skin care guru to big tech executives, meet the newest additions to Forbes latest list of the countrys most successful women entrepreneurs, executives and entertainers. While attending Yale School of Management, Nooyi completed her summer internship with Booz Allen Hamilton. She graduated in 1974, and pursued mathematics, physics, and chemistry from Madras Christian College. She loved to play cricket. From April 2015 until April 2020, she was a director of Schlumberger Limited. Building a culture that encourages employees to stay with the company was the third part of Performance with a Purpose. This job required Nooyi to integrate a group of around 15 diverse businesses into a cohesive operation. Nooyi managed to introduce the products to young women by directly marketing to female students at schools and colleges.