This cookie is set by GDPR Cookie Consent plugin. In 2009, Indra Nooyi found herself caught in a funny game of tug of war. The company, that is, not the beverage. Absolutely no spam allowed. "Nooyi, Indra K. Speaking to the Financial Times, she said. "Steve and I have worked closely for the past five years on everything related to PepsiCo," she told Deutsch, "from long-term strategy to day-to-day business. 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. During an annual conference of the Indian Institute of Management, Calcutta, she also revealed that she still calls her mother 2-3 times a day. During the arduous negotiations, she demanded a limit on the stock price of no more than $105 a share for Quaker shareholders. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. She is the one who carefully planned to enter Pepsi in to the sport drink market in association with gatrode. 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. Business, arts, and philanthropy have all percolated into Tandons life and she has embraced each of them into a balanced lifestyle. In Tamil nadu's history, there are number of women who had reached the incredible heights in their respective discipline. 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. . Nooyi's next move was unclear as of early 2004. Naturally, my view of business is altered by spirituality, but the two worlds are not in conflict except in terms of time commitments. 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 . PepsiCo CEO Wayne Calloway was diagnosed with terminal cancer in 1996. 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. 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. Albert Ko, an infectious disease physician and epidemiologist whose research has yielded critical insights into the health consequences of rapid urbanization and social inequity, has been appointed the Raj and Indra Nooyi Professor of Public Health, effective July 1. She adopted her husbands surname after marriage. 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. Eventually, in 1973, she made it to business school, one of only eight women in her batch at the Indian Institute of Management, Ahmedabad (IIM-A). Contrary to this, Indra got married in 1980 to Raj K. Nooyi. Her South Asian heritage gives her a wide-angle view on the world. They just are., Mentors choose you. Said Nooyi, "It was unheard of for a good, conservative, south Indian Brahmin girl to do this. 1953 "You must have fun in whatever you do. window.__mirage2 = {petok:"J0CmFi2bAa8MSQz1xqSsTfzsrAu2K42Q.RrdCfONsio-86400-0"}; How do you reconcile your business world and spirituality? She led the acquisition of Tropicana in 1998. "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. She is a Grammy-nominated musician. 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. "Nooyi, Indra K. Nooyi described her joband her commitment to leaving behind a lasting corporate legacyas an "obsession." As a mother and a daughter, she incorporates the priorities of today's families into how she runs her organisation, without compromising on the quest for results and . At a recent performance of Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/economics/news-wires-white-papers-and-books/nooyi-indra-k-1955. She is not hung up on pay. Her prescient strategic thinking, insight into consumer behavior, and . Cable News Network. Nooyi joined the board of Amazon in 2019. Done her graduation from Madras Christian college in 1974. Challenges will arise, especially on a path of growth. Refer to each styles convention regarding the best way to format page numbers and retrieval dates. id: "314129c3-ef90-45ee-91b6-57c31944f14e", By 1994 Nooyi, regarded as a rising star in management, was being aggressively courted by corporate headhunters. Chairwoman, chief executive officer, and president, Hewlett-Packard Company September 27, 2021, 8:51 AM As a woman of color and an immigrant, Indra Nooyi did not have an easy journey to becoming the former chairman and CEO of PepsiCo. February 13, 2020, 5:07 AM PST. International Directory of Business Biographies. For a video on Performance with Purpose, Indra Nooyi talks about how and why performance and purpose go hand-in-hand; companywide results since the implementation of PwP five years earlier; structural, capability, and cultural advantages; the company's portfolio of products and performance; the company's commitment to diversity and inclusion; and how the company can and will step up its performance. She also aggressively pursued international expansion. 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. . Indra is a Tamil movie buff. Most stock quote data provided by BATS. Encyclopedia.com. 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. . 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. No responses found. Indra seems to understand this instinctively.". She began her career with PepsiCo in 1994 as Senior Vice President of Strategic Planning and was promoted to Senior Vice President of Corporate Strategy and Development in 1996. She was appointed the 5th CEO of PepsiCo in 2006. Once we had the arrangements figured out, I collaborated He could easily have been CEO." Encyclopedia of World Biography. 23 Feb. 2023 . However, the date of retrieval is often important. She was surprised that her parents agreed to let her go abroad. She took her first job at Tootal, a British textile company in India. As CEO, she thwarted a bid to break up PepsiCo, nearly. As she says, Music is what I am, everything But that's precisely the problem: trying to play by the wrong rules. This cookie is set by GDPR Cookie Consent plugin. Her parents are ideal parents who permitted a girl to study abroad while living in a conservative society. Done her graduation from Madras Christian college in 1974. Let me explain: Indra was born in Madras (Chennai) on October 28, 1955 as the second daughter of Shantha and Krishnamurthy, a Tamil Brahmin middle class traditional family. She loved to read and to watch Tamil-language film comedies. id: "36f20c3a-77f4-4051-a0e0-5744b04fc35f", in leaving McKinsey was to solely focus on this idea and invest in the institutions I worked with to create value, either in the form of equity, phantom equity, or performance-based incentives. 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.". Founder and Chief Investment Officer Trident Investment Management 1998 - 201719 years Investment Consultant and Independent Portfolio Manager Credit Suisse Asset Management 1996 - 19982 years. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. All Rights Reserved.Terms "She generally likes humour and making others laugh too," her mother says. Father name Krishnamurthy worked at state bank of Hyderabad. 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. 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. 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. What is Indra Nooyi doing now? But instead of resting on her laurels when she becomes CEO of Pepsi, Indra challenges legacy businesses to embrace a higher purpose. These cookies track visitors across websites and collect information to provide customized ads. In this edition of Author Talks, McKinsey Global Publishing's Raju Narisetti chats with Indra Nooyi, former chairman and CEO of PepsiCo, about her new book, My Life in Full: Work, Family, and Our Future (Penguin Random House, September 2021). 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 lays bare the glamorous and the unglamorous parts of her life as a CEO and her journey to the top, all driven by her strong sense of purpose., My Life in Full is an authentic portrayal of an extraordinary leader who doesnt stop studying until she knows her business inside out., The book opens with the story that, in a gathering of US and Indian business executives in the White House in November 2009, the Prime Minister of India, Manmohan Singh and the President of the United States, Barack Obama, both claimed that Indra Nooyi, then CEO of PepsiCo, is one of us. Listed among Time's 100 Most Influential People in The World in 2007 and 2008. I saw a major entrepreneurial opportunity.. s.src = p + "://api.content-ad.net/Scripts/widget2.aspx?" It was a very intensive, holistic restructuring deal involving Both loved music. She is a big fan of old comedies starring Nagesh. Encyclopedia of World Biography. Her early belief in education as a game-changer made her take a proactive role in higher education, especially for those in need. Her sister, Indra Nooyi, has been the high-profile President and CEO of PepsiCo and her brother, Nandu Narayanan, heads Trident Investment Management. During this time she also predicted the slowdown of soft drinks in markets world wide. 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. Updates? Nooyi stepped down as CEO in October 2018 and as chairman of the board in early 2019. She has also received 14 honorary degrees and numerous awards including the 2007 Padma Bhushan Award from the President of India. Economic Times (India), September 23, 2006; September 28, 2006. Nevertheless, growing up the first girl child in a traditional Tamil Brahmin family in Chennai, conservatism ruled. Wife, mother, grandmother. www.facebook.com/LassiwithLavina/. She serves on the Board of Trustees for the Lincoln Center for the Performing Arts and the Presidents Advisory Council for the Berklee College of Music. "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). Getty Images. For a dozen years as one of the world's most admired CEOs, Indra Nooyi redefined what it means to be an exceptional leader. Its something that happens once in a lifetime. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". 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. 23 Feb. 2023 . In 2006 Indian-born executive Indra K. Nooyi (born 1955) was named chief executive officer of PepsiCo, parent company of the ubiquitous Pepsi-Cola, the giant multinational drink and snack-food maker. So far, so good. Chandrika was born in Tamil family in Madras now called Chennai. Raj, 63, attended college in the United States. He would be an important advisor. When it was his turn to speak to the troops at the meeting the following week to announce Nooyi's appointment, he put it this way: "I play the piano and Indra sings." Overview Born: October 28, 1955, in Madras, India. The details of the negotiations were mostly handled by Nooyi. 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. I am on a quest to lose myself. 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. Then, copy and paste the text into your bibliography or works cited list. Indra walked into PepsiCo on March 20, 1994. She was promoted to chief financial officer of the company that year. Most young girls in India spent their time learning household chores; Nooyi played in an all-girl rock band and on a women's cricket team. As of 2004 Indra Nooyi was the number two executive at the world's number two soft drink makera multinational firm that generated nearly $27 billion in sales in 2003. These cookies ensure basic functionalities and security features of the website, anonymously. In 1990 she accepted the post of senior vice president and director of corporate strategy and strategic marketing at Asea Brown Boveri (ABB), a diverse collection of American businesses, associated with power plant construction and industrial equipment fabrication, that had been acquired by a Swiss-Swedish conglomerate. He earned a B.E. In fact, I find work very therapeutic" (Business India, January 8, 2001). 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. Thanks to that passion for music, Tandon is now a Grammy-nominated musician, whose albums of chants have transformed many lives. and/or its affiliates. Your work takes up so much of your life that if you're not having fun, what's the point in it?" 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). "I'll give him a call and tell him to change his mind." She later held executive positions at Motorola, Inc., and the engineering firm Asea Brown Boveri (now ABB). After 24 years with the company and serving a 12-year-run as its chief executive, she will depart this fall on October 3rd. (function(d) { Please refer to the appropriate style manual or other sources if you have any questions. 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. It really changes the way you think about people, how you spend your time. 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. She's 52 years old and does not plan for this job to be her last. In December of that year, the company's stock price was up 40 percent from the year before. Andrew Conway, a beverage analyst with Morgan Stanley Dean Witter, noted that "Indra is extraordinarily financially detailed. var p = 'https:' == document.location.protocol ? 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. An Indian-American businesswoman, Nooyi has been ranked among the 100 . CONNECTICUT WOMENS HALL OF FAME320 Fitch Street,Schwartz Hall - B3,New Haven, CT, 06515(203) 392-9007. var s = d.createElement('script'); s.type='text/javascript';s.async=true; https://www.encyclopedia.com/economics/news-wires-white-papers-and-books/nooyi-indra-k-1955, Halpern, Tim "Nooyi, Indra K. 1955 These cookies will be stored in your browser only with your consent. "Listen to me," my mother replied. She was known to sing around the corporate offices and keep a karaoke machine at home. If the forest were only filled with nightingales, it would be a very boring forest indeed. Figured out, I collaborated He could easily have been CEO. Indra Nooyi herself. In December of that year, the company and serving a 12-year-run as its chief,! A girl to do this, copy and paste the text into your bibliography or works list... 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