When you are given big responsibilities that, surely, it becomes hard to manage the balance between your work and your personal life. Nooyi served as CEO for 12 years, 7 years longer than the average CEO tenure at large companies according to an Equilar study. Her father was a bank official, and her mother was a house wife. 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. [22] The financial gains from this spinoff allowed the company to increase the pace of its share buyback strategy, thereby giving it more leverage to pursue future acquisitions without as much shareholder backlash. One offer came from General Electric, the other from PepsiCo. PepsiCo at that time owned KFC, Pizza Hut, and Taco Bell restaurant chains. Between February 2000 and April 2001, Nooyi was senior vice president and chief financial officer of PepsiCo. She moved corporate spending away from junk foods and into the healthier alternatives, with the aim of improving the healthiness of even the "fun" offerings. 103.74.118.106 Under her guidance in 1997 divestiture Tricon, now known as Yum! Growing up in Madras (now Chennai), Tamil Nadu, India, Nooyis academic beginnings started at Holy Angels Anglo Indian Higher Secondary School. Meet Indra Indra Nooyi [8][9] She also serves on the boards of Amazon and the International Cricket Council. In 2006, Indra Nooyi became the CEO of PepsiCo. Brands. She also went to the Yale School of Management for her further education. Nooyi resigned as CEO on August 6, 2018, and Ramon Laguarta, a 22-year PepsiCo veteran, took her place on October 3 and joined the board of directors. Listed among Time's 100 Most Influential People in The World in 2007 and 2008. Indra Nooyi speaks onstage at the Fortune Most Powerful Women Summit - Day 2 on October 10, 2017 in Washington, DC. [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. Read an excerpt here.For her latest notes on work, family, and our future, subscribe to her newsletter, Insight. When asked why women fail to reach the top echelons of management, Indra Nooyi said that the only way up was to prove your mettle..Indra Nooyi . December 8, 2022 From Indra Krishnamurthy To Shahnaz Husain, Know India's Top Business [54][55], Fortune magazine has named Nooyi number one on its annual ranking of Most Powerful Women in business for 2006, 2007, 2008, 2009 and 2010. Nooyi was accepted to Yale School of Management in 1978, and she moved to the United States in 1980 to complete her masters degree program in public and private management. Speakers Include Indra Nooyi, Sara Blakely, Dr. Jane Goodall, Rosalind Brewer, Naomi Campbell, Allyson Felix and Cynthia Nixon And More NEW YORK November 18, 2021 Forbes today announced its 2021 Forbes Power Womens Summit, taking place virtually on Thursday, December 9th. [83], In June 2016, she was part of the inaugural team on the Temasek Americas Advisory Panel. With the goal of making even the fun offerings healthier, she switched corporate spending away from junk food and toward healthier options. Nooyi managed to introduce the products to young women by directly marketing to female students at schools and colleges. Ms Nooyi is married and has two daughters. Indra Nooyi also serves as a member of the Foundation Board of the World Economic Forum, International Rescue Committee, Catalyst, and the Lincoln Center for the Performing Arts. Between 2019-2022, Ms Nooyi served as the Class of 1951 Chair for the Study of Leadership at West Point where she worked with the Department of Behavioral Sciences and Leadership to fulfill the mission of character at the U.S. Military Academy at West Point. She was part of the top management team responsible for the companys U.S. business as well as its worldwide industrial businesses, representing about $10 billion of ABBs $30 billion in global sales. She completed her studies in India. The pathway to where she is today began before she assumed her first and second jobs in India as a project manager at Mettur Beardsell, Ltd. and Johnson & Johnson respectively. Nooyi has said that she is very proud of her daughters' accomplishments and that she is very grateful for their education. Indra was born in Madras, India. [37] She reclassified PepsiCo's products into three categories: "fun for you" (such as potato chips and regular soda), "better for you" (diet or low-fat versions of snacks and sodas), and "good for you" (items such as oatmeal). In 1994 Nooyi joined PepsiCo as senior vice president of corporate strategy and development. Nagar. The Inspirational Indra Nooyi and Her Success Story! She did it anyway, with ample support from her parents. My Life in Full: Work, Family, and Our Future. 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. Indra Nooyi Books . With examples of world-changing business leaders like Paul Polman, Hubert Joly, and Indra Nooyi, many aspiring purpose-driven leaders have examples to follow. Her mother Shantha Krishnamurthy was a house maker. In recognition of her impressive work with the company, Nooyi was promoted to chief financial officer in 2000 and the president in 2001. She applied to Yale Universitys Graduate School of Management to pursue a masters degree in public and private management. Her first job was with Tootal, a British textile company which had extensive holdings in India. Mrs. Nooyi is married and has two daughters. For Indra Nooyi, the First Lesson in Executive Ability Happened - Vogue Ms Nooyi is now a member of the board of Amazon, where she chairs the audit committee. READ: Meet Arvind Krishna: The Rising Star of the Corporate World. In 2006, PepsiCo CEO Steve Reinemund retired and Nooyi became the fifth CEO in PepsiCo's 44-year history. PepsiCo Chairman & CEO Indra Nooyi became the most generous lifetime benefactor in the history of the Yale School of Management P&Q: You have a daughter, Preetha, who earned her MBA at Yale. In 1986, she then started working as a senior executive in the automotive division development team in Motorola, and soon in 1988, because of her diligence, she was promoted to the designation of vice president and director of corporate strategy and planning. In spite of her very hectic corporate career, Indra always prioritizes her family and maintains close relations with her mother. Indra Nooyi, Former Chairman & CEO at PepsiCo, and Anne-Marie Slaughter, CEO of New America, join Maggie McGrath to discuss "Solving For The Care Crisis. Nooyi has an estimated net worth of $290 million. My life in full Indra nooyi Read an excerpt here. As recent as 1995, there were no female CEOs on the Fortune 500 list. She graduated in 1974, and pursued mathematics, physics, and chemistry from Madras Christian College. In 1994, PepsiCos new senior vice president of corporate strategy and development started her tenure with a bang and kept pace throughout. She was constantly working for PepsiCo for a couple of years under the guidance of Roger Enrico who was the new CEO and started working on the strategies for the companys diversification, extensive expansion, and constant growth. She used to play guitar in an all-girl rock band. She has been a member of the All-Girls Cricket Team. Former PepsiCo CEO Indra Nooyi discusses the trade-offs working mothers face and why both men and women have a role to play in solving for Americas childcare crisis. Nooyi's grandfather, "Thatha," with Nooyi (left) and her siblings. [citation needed] Acquiring Tropicana allowed PepsiCo to gain a competitive edge; Tropicana at the time captured 44% of the chilled orange juice segment, the fastest growing segment of the juice market, an especially positive metric when compared to Coca-Cola's Minute Maid which captured less than half of Tropicana's market share. She also held the positions of senior vice president for strategic planning at PepsiCo from 1994 to 1996 and senior vice president for corporate strategy and development from 1996 to 2000. Education, Family , Ethnicity & Boyfriend :-School Name: . In 1994, Jack Welch, the head of General Electric, and Wayne Calloway, PepsiCo CEO, both offered her jobs in their respective companies. She also aggressively pursued international expansion. [26] Similar to the Tropicana acquisition, this strategic move gave PepsiCo leverage against Coca-Cola, owner of Powerade second in the sports drink segment. 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. Her father was Krishnamurthy and would work in the State Bank of Hyderabad. Proud Mother And CEO: Indra Nooyi And Her Daughters Apart from her busy career, Indra has made sure that her family stays her priority and her closeness with her mother. 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. [17], Beginning her career in India, Nooyi held product manager positions at Johnson & Johnson and the textile firm Beardsell Ltd. 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. Her father was a bank official. In her book 'My Life in Full', former PepsiCo CEO and Chair Indra Nooyi (above) makes a plea to men: Come to the table on gender equality.. And, no wonder. [48], In January 2008, Nooyi was elected chairwoman of the U.S.-India Business Council (USIBC). And then from 1996 to 2000, she served as Senior Vice President of Corporate Strategy and Development. She became a top alumni donor to Yale's business school after giving an undisclosed amount in 2016. Ms Nooyi began her career in India, where she held product manager positions at Johnson & Johnson and Mettur Beardsell, Ltd., a textile firm. Nooyis memoir, My Life in Full: Work, Family, and Our Future, was published in 2021. In this position, she worked on a variety of strategy projects for the next six years. Let us know if you have suggestions to improve this article (requires login). PepsiCos acquisition over Tropicana and merger with Quaker Oats Company was because of Nooyi and her significant contribution. For attaining something you must have this learning behaviour, keep learning new strategies and solutions. Indra Nooyi - Wikipedia The lessons she has taught us on leadership and empowerment are invaluable in todays ever-changing world. PepsiCo was able to gain an advantage over its rivals by purchasing Tropicana; When compared to Coca-Colas Minute Maid, which held less than half of Tropicanas market share, Tropicana had 44% of the chilled orange juice market at the time, making it the fastest-growing segment of the juice market. Her leadership offers lessons about the value of a broad education, global thinking, and the value of calm self-assurance.