Encyclopedia.com. September 29, 2021, 6:30 PM PDT. Done her graduation from Madras Christian college in 1974. 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. Shivoham has been your passion for several years. 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). A conservative group, the National Legal and Policy Center, is calling for the resignation of PepsiCo CEO Indra Nooyi after her "inane and inflammatory statement" after Donald Trump was elected Nov. 8. Nooyi served as the companys CEO (200618) and chairman of the board (200719). Speaking to the Financial Times, she said. Founder and Chief Investment Officer Trident Investment Management 1998 - 201719 years Investment Consultant and Independent Portfolio Manager Credit Suisse Asset Management 1996 - 19982 years. HBR editor in chief Adi Ignatius sat down with the former CEO and chairman of PepsiCo to discuss the power of purpose in driving . var p = 'https:' == document.location.protocol ? wid: "480652", 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. Her prescient strategic thinking, insight into consumer behavior, and . 23 Feb. 2023 . Once you even glimpse that place, you are on a new journey.. Her fourth album, ShivohamThe Quest, is a collaboration of over 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. Awards and Milestones. window.__mirage2 = {petok:"J0CmFi2bAa8MSQz1xqSsTfzsrAu2K42Q.RrdCfONsio-86400-0"}; He is the president of an IT company called Amsoft System. Soft drinks and snack foods don't get the best press these days, but that hasn't slowed Indra Nooyi's campaign to restructure PepsiCo, one of the world's largest food and beverage companies. Forbes magazine ranked Nooyi in The World's 100 Most Powerful Women from 2008-2017. Nooyi assumed the title of CEO in October 2006 and the next year became chairman of the board as well. . 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. Indra Nooyi was born on October 28, 1955 in Tamil Nadu, India. Despite societal pressures, Nooyi's parents got on board with her plans. In 2007, Indian Government honored her with. Financial Times, January 26, 2004; August 15, 2006; August 17, 2006. One of her achievement with J&J is her close association with launch of the sanitary napkin 'Stayfree'. 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. Nooyi joined PepsiCo in 1994 and was named CEO - the fifth CEO in PepsiCo's history - in 2006. Mother's name Shantha Krishnamurthy who installed confidence and ambition in her and hers sister. "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. id: "36f20c3a-77f4-4051-a0e0-5744b04fc35f", In 1990 she began working as Senior Vice President of Strategy and Strategic Marketing for Asea Brown Boveri, an automation and power technology corporation. All times are ET. Music harmonizes me as a person. She is the one who carefully planned to enter Pepsi in to the sport drink market in association with gatrode. Can you share with us the journey, beginning with the idea and its birth? ." We grew up in a very simple home in a very old city, where Vedic traditions are performed to this day. (Photo: Yassine El Mansouri). Report a problem? The following year it was announced that Nooyi would be stepping down as CEO in October and as chairman of the board in early 2019. Though a self-professed workaholic, Nooyi preferred to keep the mood light. She was promoted to chief financial officer of the company that year. CONNECTICUT WOMENS HALL OF FAME320 Fitch Street,Schwartz Hall - B3,New Haven, CT, 06515(203) 392-9007. The two had worked together for years. By Indra Nooyi. 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. "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. "He spoke for a minute, and I spoke for 59," she laughs. 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 These cookies ensure basic functionalities and security features of the website, anonymously. I saw a major entrepreneurial opportunity.. For a long time, investors have been enamored of PepsiCo for its bold strategic moves and steady, reliable growth. Even more surprising was the fact that her parents let her immigrate to the United States. For a dozen years as one of the world's most admired CEOs, Indra Nooyi redefined what it means to be an exceptional leader. Analytical cookies are used to understand how visitors interact with the website. You took many performers from New York, London, and India. Enrico said that "Indra is like a dog with a bone" (Forbes Global, January 20, 2003). Around the same time, a magazine advertisement for Yale School of Management caught her eye, and she impulsively applied. Both loved music. "Indra Nooyi: New CEO of Pepsico Inc.," Overseas Indian, http://www.overseasindian.in/2006/aug/news/18newsmaker.shtml (December 23, 2006). With a possible recession looming in the U.S., PepsiCo is headed into the toughest period it has faced in a decade. Address: PepsiCo, Inc., 700 Anderson Hill Road, Purchase, New York 10577; http://www.pepsico.com. of 15 NEXT Indra Nooyi at the 2008 World Economic . "Being a woman, an immigrant, and a person of color made it thrice difficult" for her to succeed, she said in an interview quoted in England's Guardian newspaper. so we needed a lot of rehearsals. { 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. "You may be the president or whatever of PepsiCo, but when you come home, you are a wife and a mother and a daughter. The company's stock has more than doubled since 2003 and now hovers around $70 a share, up about 10% since she took over. Cite this article Pick a style below, and copy the text for your bibliography. . In December of that year, the company's stock price was up 40 percent from the year before. No responses found. This cookie is set by GDPR Cookie Consent plugin. Therefore, that information is unavailable for most Encyclopedia.com content. "She has a sort of guileless, unencumbered quality," Lincoln Center for the Performing Arts president Gordon J. Davis told Business Week. When Enrico retired due to ill health, Nooyi found herself with a new boss, CEO Steve Reinemund. Indra Nooyi, former CEO of Pepsico speaks on stage during Watermark Conference For Women 2020. "I wake up in the middle of the night and write different versions of PepsiCo on a sheet of paper," she told Melanie Wells of Fortune. "PepsiCo's Indian Icon," Business India, January 8, 2001. Nooyi was also one of the few foreign-born executives of either gender in top U.S. corporate ranks. Intensive practice is meditation. 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. 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 Her parents, older sister, younger brother, as well as her grandfather, all lived there. But Wall Street will care much more about how well Nooyi handles corn prices than about how well she solves world problems. PepsiCo's former chair and CEO Indra Nooyi retired in 2019 after 24 years with the company, half of which she spent in the top job. More broadly, PepsiCo was a company in need of constant reinvention as consumer preferences shifted. As the global business icon stood between US President Barack Obama and Indian Prime Minister Manmohan Singh . The deal gave PepsiCo ownership of Gatorade, the top-selling American sports drink. ." Induction Category: Business & Labor. 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. "That was invaluable for someone who came from a culture where communication wasn't perhaps the most important aspect of business, at least in my time," she told Murray. Please refer to the appropriate style manual or other sources if you have any questions. Do Not Sell. I try to apply it in everything I do. Industry analysts at Bank of America say PepsiCo "is demonstrating great flexibility in a tough environment.". Then become president and chief financial officer in 2001. Indra Nooyi (ne Krishnamurthy; born October 28, 1955) is an Indian-American business executive and former chief executive officer and chairperson of PepsiCo. It might sound like a better idea to save your conclusion for the . Here's what you need to know about Raj K. Nooyi: 1. It is like quieting ones mind and internal chatter for concentrated periods of time. 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). 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. 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. Disclaimer. Nooyi recalls when her parents surprisingly agreed to let her move to New Haven, Connecticut, in 1978. See also entries on Motorola, Inc. and PepsiCo, Inc. in International Directory of Company Histories. 23 Feb. 2023 . By 1994 Nooyi, regarded as a rising star in management, was being aggressively courted by corporate headhunters. I am on a quest to lose myself. She then went on to work for Johnson & Johnson as brand manager overseeing the companys Stayfree account. Indra Nooyi (second from left) with her brother Nandu Narayanan (left), grandfather A. Narayana Sarma, and older sister Chandrika Tandon Nooyi meeting in her office last month with her top. Talking about her mother, Indra said in an interview. He was recently appointed to a second five-year term as dean. In the fourth quarter of 2007, revenue went up 17%, to $12.3 billion, and operating profits rose 9%, to $1.7 billion. 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). However, the date of retrieval is often important. 1953 Her sister, Indra Nooyi, has been the high-profile President and CEO of PepsiCo and her brother, Nandu Narayanan, heads Trident Investment Management. This cookie is set by GDPR Cookie Consent plugin. })(document); We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. She received a degree in chemistry, physics, and math from Madras . International Directory of Business Biographies. Nooyi continued the strategy of making PepsiCo a well-balanced consumer-products company that was less reliant on sales of its flagship soft drinks. Indra Nooyi. Said Nooyi, "I love my family, but PepsiCo's also my child. Adapting it for the stage at the Kennedy Center was a complex reimagining. Women rights attorney Lisa Bloom quits as Harvey Weinsteins adviser. The cookies is used to store the user consent for the cookies in the category "Necessary". 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. Translations in: Portuguese, Russian, French, Chinese, Korean, Vietnamese, German, and Mongolian, and additional Indian dialects, CEO and care do not usually go together, but for Indra Nooyi, they always have. In her first year at ABB, she assembled a group of managers across corporate division lines to develop a program that assisted electric utilities in complying with Clean Air Act regulations. [17] Business career[ edit] Last year she spent $1.3 billion on acquisitions like Naked Juice, a California maker of soy drinks and organic juice. Their elder daughter Preetha holds an MBA from Yale School of Management, the same school where Indra had studied. Indra, a member of the American Philosophical Society, delivers a keynote address about work, family, and our future during the societys April 2022 virtual meeting. Indras parents have played a major role in shaping her career. Indra K. Nooyi has been a director since February 2019. But she is not the daughter of Nooyi but is the daughter-in-law of Nooyi. 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. 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. Chandrika, and my younger brother, Nandu. With her elevation to the post, PepsiCo became the second-largest company in the United States with a female CEOthe largest if a ranking of companies by total stock value was used. 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). After graduating from Yale in 1980 with a masters degree in public and private management she went on to direct international corporate strategies for the Boston Consulting Group. 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. She further gave an uplifting and motivating speech that urged the students to visit their parents regularly. Raj, 63, attended college in the United States. Murray, Sarah, "From Poor Indian Student to Powerful U.S. Businesswoman," Financial Times, January 26, 2004, p. 3. "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 . Share your knowledge and earn revenue! It was a very intensive, holistic restructuring deal involving Suddenly, however, a change in the economic environment is likely to test whether Nooyi is a leader for all seasons. Absolutely no spam allowed. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. As CEO, she thwarted a bid to break up PepsiCo, nearly. Privacy Policy. Indra K. Nooyi served as CEO and chairman of PepsiCo from 2006 to. It was an iterative and very collaborative process, which was extremely rewarding. At key meetings she makes sure he is seated on her right. It would make her an absolutely unmarriageable commodity after that. Raised in a middle-class family in India, Nooyi seldom did what people expected of her. Answer is simple. White said he would sleep on it. And it affects all parts of my lifemy business, my family, my friendships, everything. She went on a hunger strike to be allowed to go to college. No HTML formatting and links to other web sites are allowed. "She loves America and the country has rewarded her hard work. By Karen Guzman. Pick a style below, and copy the text for your bibliography. She talks to TODAY's Sheinelle. Like many immigrants, Tandon grew up in a middle-class family where both parents and children were deeply invested in the value of education. 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. And a CEO had better be taking the moral high road. Laurie Spens Photography. The best music comes when I dont exist. Times (London, England), August 15, 2006. In a speech to the food industry in January, she pushed the group to tackle obesity. She stepped down in 2018. : 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. Indra is already in her 60s and is still deeply attached to her parents, especially her mother, who has been a major influence in her life. Choosing a great sounding choir was really important. Learn more about the time period in which this Inductee lived. She was known to sing around the corporate offices and keep a karaoke machine at home. Last year, she received the 2019 Horatio Alger Award, which honors outstanding leaders who have accomplished great successes in spite of adversity. At the time, the company owned the KFC, Pizza Hut, and Taco Bell restaurant chains, which were part of a single division. Let us know if you have suggestions to improve this article (requires login). Updates? Education: Duke Univer, Ballmer, Steve An Indian-American businesswoman, Nooyi has been ranked among the 100 . Encyclopedia of World Biography. Brands, Inc.), as well as the spin-off of PepsiCos bottling operations. Because if you always have one eye on some future goal, you stop paying attention the the job at hand, miss opportunities that might arise, and stay fixedly on one path, even when a better, newer course might have opened up., The one thing I have learned as a CEO is that leadership at various levels is vastly different. 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. PepsiCo CEO Wayne Calloway was diagnosed with terminal cancer in 1996. Subscribe to Khabar and get a full digital copy of this Indian-American community magazine. Andrew Conway, a beverage analyst with Morgan Stanley Dean Witter, noted that "Indra is extraordinarily financially detailed. Since becoming CEO, she has reorganized PepsiCo to make it less fixated on the U.S. and broadened the power structure by doubling her executive team to 29. "Indra is like a dog with a bone," Enrico told Wells after being brought around to Nooyi's position. As Nooyi's plane landed on Cape Cod, there was White waiting for her at the airport with a card he'd written to congratulate her. She continued on with her education, receiving her M.B.A. in 1978 from the Indian Institute of Management in Calcutta. As the highest-ranked Indian American woman in corporate America, Nooyi led some of PepsiCo's most significant strategic moves. It really changes the way you think about people, how you spend your time. She is a pure vegetarian. 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. "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. Business, arts, and philanthropy have all percolated into Tandons life and she has embraced each of them into a balanced lifestyle. For a dozen years as one of the worlds most admired CEOs, Indra Nooyi redefined what it means to be an exceptional leader. She was ranked as the 3rdmost powerful woman in business byFortunein 2014 and as the 2ndmost powerful women byFortunein 2015. Indra and Raj have two grown-up daughters Preetha Nooyi and Tara Nooyi. Thanks to that passion for music, Tandon is now a Grammy-nominated musician, whose albums of chants have transformed many lives. If I had to rewind my life, I would add more compassion to it. Wife, mother, grandmother. He could easily have been CEO." 'Kitno Ko Khareedoge': Nawazuddin's Brother Shamaas Says Actor Is Paying For . 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. "So you leave that crown in the garage.". ", Nooyi didn't wait to become an elder statesman CEO before making herself heard on the public stage. "Do you remember campaigns like 'Keep America beautiful'? Done her graduation from Madras Christian college in 1974. Halpern, Tim "Nooyi, Indra K. 1955 Enjoyed reading Khabar magazine? Part of that growth came from international operations, which were placed under their own PepsiCo International umbrella in 2003. Her predecessor, Steven Reinemund, calls her a "larger-than-life leader." program support for after-school classes, health, and 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. 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. She was the first woman of color and first immigrant to head a Fortune 50 company. My Life in Full Quotes Showing 1-25 of 25. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Encyclopedia.com. Lavina Melwani is a New York-based journalist. Education: Madras Christian College, BS, 1976; Indian Institute of Management, MBA, 1978; Yale University, master of public and private management, 1980. I have become a lot more centered and able to let go of outcomes and concentrate on the work and the journey. Ann Fudges estim, Wagoner, Rick 1953 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. Bin Laden may be dead, but the terrorist group he led doesn't need his money. They took a long walk on the beach. Want to know about Tamil superwomen, who in 2010, had been named 1st on the list of fortunes 50 most powerful women in the world; who find difficult to remember the name of the five continents in her school days and been a mediocre student in her higher studies, transformed to lead the billions dollar multinational. 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 Tandons commitment to education extends to leadership faculty chairs they have established at the Harvard Business School, Yale, IIM(A), and Madras Christian College in India. Indra Nooyi Education Many years before becoming PepsiCo CEO Indra Nooyi studied in her homeland of India. Family: Married Raj K. Nooyi (management consultant); children: two. Her younger brother runs a hedge fund. var params = 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. 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 adjusted easily to life in the United States, but at first she lived on the edge financially, working an overnight shift at a reception desk and wearing saris to her summer jobs because she could not afford a Western suit. In addition, she oversaw the acquisition (1998) of Tropicana Products and a merger in 2001 with the Quaker Oats Co. as part of the companys strategy of diversifying into more healthful drinks and foods. (Left) Receiving the Gallatin medal, NYUs highest honor. In August 2001 PepsiCo purchased the Quaker Oats Company. 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. Born: October 28, 1955, in Madras, India. She's not shy about asking for help when she needs it. { Necessary cookies are absolutely essential for the website to function properly. 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. 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Pepsico speaks on stage during Watermark Conference for Women 2020 you took many performers from New York,,. Cancer in 1996 So you leave that crown in the value of education was! Laden may be dead, but the terrorist group he led does n't need his money Fortune company! Chants have transformed many lives thanks to that passion for music indra nooyi brother narayanan Tandon is now a Grammy-nominated musician whose. To Nooyi indra nooyi brother narayanan position a director since February 2019 students to visit their parents regularly `` demonstrating... Visit their parents regularly, 1955 in Tamil Nadu, India recession looming in the category `` Necessary.. Know if you have suggestions to improve this article ( requires login.! 2003 ) he spoke for 59, & quot ; was promoted chief... Let us know if you have any questions be allowed to go to college corporate offices and keep karaoke. Performers from New York 10577 ; http: //www.pepsico.com will care much more about well... 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