https://www.encyclopedia.com/economics/news-wires-white-papers-and-books/nooyi-indra-k-1955, Halpern, Tim "Nooyi, Indra K. 1955 With a possible recession looming in the U.S., PepsiCo is headed into the toughest period it has faced in a decade. Indra Nooyi (ne Krishnamurthy; born October 28, 1955) is an Indian-American business executive and former chief executive officer and chairperson of PepsiCo. As she is tamilian we should be proud of her. Nooyi, over the objections of her new boss Enrico, pushed the company to spin the restaurants off. 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 named President and CEO of PepsiCo in 2006 becoming the fifth CEO in PepsiCos 44-year history. 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. How is music a spiritual practice for you? It might sound like a better idea to save your conclusion for the . Business, social, and philanthropic commitments occupy a lot of my time, and its often very hard to allocate that. })(document); (function(d) { She is not hung up on pay. "You may be the president or whatever of PepsiCo, but when you come home, you are a wife and a mother and a daughter. Education: Duke Univer, Ballmer, Steve "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. Her father worked at the State Bank of Hyderabad. She has been ranked 13 on theForbeslist of the Worlds 100 most powerful women. 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 is the one who carefully planned to enter Pepsi in to the sport drink market in association with gatrode. She grew up in a home that thrived on music but she never got the opportunity to follow that path as she pursued her business education. The integration did not go smoothly at first. Omissions? Our website is a virtual hall and is the primary space for our exhibits and materials. "Nooyi, Indra K. If companies don't do [responsible] things, who is going to? Indra Nooyi is married to Raj Nooyi and has 2 daughters.She studied in holy angel's aihss, Chennai. 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. cb: (new Date()).getTime() She interviewed at McKinsey in a sari and chappals, wearing a borrowed coat. Microsoft Corporation Times (London, England), August 15, 2006. Financial Times, January 26, 2004; August 15, 2006; August 17, 2006. Integrating the two companies was an even tougher challengeone that would be crucial to determining Nooyi's prized legacy. Indra walked into PepsiCo on March 20, 1994. Nooyi assumed the title of CEO in October 2006 and the next year became chairman of the board as well. PepsiCo chair and CEO Indra Nooyi acknowledges that's a real struggle, one in which she enlists her colleagues for help. Their elder daughter Preetha holds an MBA from Yale School of Management, the same school where Indra had studied. All Rights Reserved.Terms In addition to the MLA, Chicago, and APA styles, your school, university, publication, or institution may have its own requirements for citations. Let's be a good industry that does 100% of what it possibly can - not grudgingly but willingly." PepsiCo's international business grew 22% last year, triple the rate of domestic sales, and now contributes 40% of total revenue ($39 billion last year). 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. "She loves America and the country has rewarded her hard work. He Earned an Engineering Degree from The University of Texas. He would be an important advisor. It was unheard of for a good, conservative, south Indian Brahmin girl to do this. Now, in a rich memoir brimming with grace, grit, and good humor,My Life in Fulloffers a firsthand view of Indras legendary career and the sacrifices it so often demanded. 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. Because each style has its own formatting nuances that evolve over time and not all information is available for every reference entry or article, Encyclopedia.com cannot guarantee each citation it generates. . After receiving the degree of master of public and private management from Yale in 1980, Nooyi went to work as a director of international corporate strategy projects for the Boston Consulting Group. 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. Her parents, older sister, younger brother, as well as her grandfather, all lived there. When I was leading a function or a business, there were certain demands and requirements to be a leader. Indra Nooyi is an Indian-born American business executive currently serving as the Chairperson and Chief Executive Officer of PepsiCo, one of the largest food and beverage businesses in the world. https://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/nooyi-indra-k, "Nooyi, Indra K. Encyclopedia.com. She wanted to take care and spend more time with family. In this role, Nooyi was the chief architect of Performance with Purpose, PepsiCo's pledge to do what's right for the business by being responsive to the needs of the world. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. (Business India, January 8, 2001). Since her start as CEO PepsiCos annual net profit has risen from $2.7 billion to $6.5 billion, and under Indras strategic leadership PepsiCo launchedPerformance with Purposein 2009. Even more surprising was the fact that her parents let her immigrate to the United States. My goal Ko is a professor and chair of the Department of . This is a strictly moderated site. 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. Done her graduation from Madras Christian college in 1974. 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. Encyclopedia of World Biography. Answer is simple. She went to Madras Christian College, graduated with a degree in Physics . 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. 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. var params = John Schnatter resigned as Chairman of Papa Johns. Chandrika was born in Tamil family in Madras now called Chennai. In December of that year, the company's stock price was up 40 percent from the year before. Intensive practice is meditation. 18 July 2019 - 3:25 PM Indra Nooyi reveals 8 lessons she learned as CEO of PepsiCo The powerful business leader shares her secrets to running one of the world's most famous food and beverage companies. 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. Nooyi studied video recordings of Chicago Bulls basketball games, not only to become familiar with the pro sports world but also to glean insights about teamwork. Nooyi is now a member of the board of Amazon, where she chairs the audit committee. She played lead guitar in an all-women rock band in her hometown of Chennai. Music enables me to get there most of the time. People: Chandrika TandonIn Search of a Higher Way. Image Credits: Dave Puente Photography. At the 2008 World Economic Forum in Davos she told Secretary of State Condoleezza Rice it was critically important that "we use corporations as a productive player in addressing some of the big issues facing the world.". One of her achievement with J&J is her close association with launch of the sanitary napkin 'Stayfree'. ", Nooyi didn't wait to become an elder statesman CEO before making herself heard on the public stage. 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. Nooyi learned that simplifying messages means that you start with the big picture--the conclusion. 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. Your work takes up so much of your life that if you're not having fun, what's the point in it?" Nooyi, who ran the snack and beverage company for 12 years, stepped down in October . Write detailed comment, relevant to the topic. This has become the prism with which I view my whole life and Some of the credit went to Nooyi. "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. 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. Associate Editor, Encyclopdia Britannica. Indra Nooyi at the 2008 World Economic . She attended Madras Christian College at the University of Madras. "You must have fun in whatever you do. 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). ." Indra Nooyi joined PepsiCo in the year 1994 and became its president and CFO in 2001. Speaking to the Financial Times, she said. Her mother and father, a stay-at-home mom and an official or the State Bank respectively, put great importance on education and excelling in school. 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. Indra Nooyi was born Indra Krishnamurthy on 28 October 1955. As you move up the organization, the requirements for leading that organization don't grow vertically; they grow exponentially., As a leader, I am tough on myself and I raise the standard for everybody; however, I am very caring because I want people to excel at what they are doing so that they can aspire to be me in the future., I pick up the details that drive the organization insane. Rather than offering us a list of policy prescriptions, she shows us what is possible when businesses care about family and families have time to care for one another., CEO of New America, Author of Unfinished Business, What an inspiring journey Indra has been on. 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. Indra Nooyi Education Many years before becoming PepsiCo CEO Indra Nooyi studied in her homeland of India. Albert Ko. 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. "Companies today are bigger than many economies. In Tamil nadu's history, there are number of women who had reached the incredible heights in their respective discipline. Absolutely no spam allowed. In a speech to the food industry in January, she pushed the group to tackle obesity. //