But she is not the daughter of Nooyi but is the daughter-in-law of Nooyi. She was appointed the 5th CEO of PepsiCo in 2006. Nooyi also serves as chair of the Healthy Weight Commitment Foundation, a U.S effort that brings together retailers, restaurants and food and beverage manufacturers to help reduce obesity, especially in children. Encyclopedia.com. 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. 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. She took her first job at Tootal, a British textile company in India. Nooyi described her joband her commitment to leaving behind a lasting corporate legacyas an "obsession." 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. . Speaking to the Financial Times, she said. She wanted to take care and spend more time with family. Retrieved February 23, 2023 from Encyclopedia.com: https://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/nooyi-indra-k. Encyclopedia.com gives you the ability to cite reference entries and articles according to common styles from the Modern Language Association (MLA), The Chicago Manual of Style, and the American Psychological Association (APA). My Life in Full Quotes Showing 1-25 of 25. I know from my own work that this isnt always the most effective way to win friends, but thats what true leadership is all about., Gritty, joyous, and visionary, Nooyi tells the story of an everyday person living an extraordinary life, leading beautifully and confidently from the front. During the arduous negotiations, she demanded a limit on the stock price of no more than $105 a share for Quaker shareholders. Start with the big picture. Indra Nooyi at the 2008 World Economic . I doubt there is another autobiography that has a beginning as majestic as this., The book contains several hilarious episodes that many immigrants from India faced in the western world during their first few days or weeks in a brand-new environment, especially in the sixties and the seventies. I try to apply it in everything I do. Chanting was all around me. Encyclopedia.com. Laurie Spens Photography. Edward Snyder is the inaugural Indra K Nooyi Dean and has led the Yale School of Management since 2011. Her ability to find value in an acquisition is very high" (Contra Costra Times, December 10, 2000). The deal gave PepsiCo ownership of Gatorade, the top-selling American sports drink. 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. under which this service is provided to you. We swayed and sang our school songs. We grew up in a very simple home in a very old city, where Vedic traditions are performed to this day. CONNECTICUT WOMENS HALL OF FAME320 Fitch Street,Schwartz Hall - B3,New Haven, CT, 06515(203) 392-9007. Chandrika Tandon is Vice Chairman of the Board of Trustees of NYU, Chairman of the NYU Presidents Global Council, and Chairman of NYU Tandon School of Engineering, and serves on the Business School and Medical School/ Hospital Boards. (function(d) { Born: October 28, 1955, in Madras, India. She loved to read and to watch Tamil-language film comedies. 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. Therefore, its best to use Encyclopedia.com citations as a starting point before checking the style against your school or publications requirements and the most-recent information available at these sites: http://www.chicagomanualofstyle.org/tools_citationguide.html, President, chief financial officer, and director, PepsiCo. Nooyi steered PepsiCo toward the acquisition of the Tropicana juice producer in 1998, a $3.3 billion outlay that was questioned by many PepsiCo executives. 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. Indra walked into PepsiCo on March 20, 1994. Nooyi recalls when her parents surprisingly agreed to let her move to New Haven, Connecticut, in 1978. In 2016, she was awarded the Gallatin medal, NYUs highest honor. He has always respected her career decisions and helped her reach her goals. of the universe (earth, water, fire, air, and space), can help get rid of negative emotions. This is also the Q3 Earnings letter. New York CNN Business . Despite their contrasting styles, the combination of Nooyi's planning expertise and Reinemund's operational focus was a powerful one. 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. Part of that growth came from international operations, which were placed under their own PepsiCo International umbrella in 2003. "Nooyi, Indra K. She learned to analyze problems in detail and to work with a team on typical American corporate planning projects. Nationality: American. I am on a quest to lose myself. she asked. She was not only admitted but was also offered financial aid. What about 'Buckle up'?" It was unheard of for a good, conservative, south Indian Brahmin girl to do this. Please refer to the appropriate style manual or other sources if you have any questions. Search instead in Creative? She told Laurie Kretchmar of Fortune that it was like a "$6 billion startup," for it was left to Nooyi to forge a group of some 15 separate businesses into a cohesive operation. Reinemund, a former U.S. Marine, was the classic buttoned-down executive, but Nooyi was less conventional in her saris or long scarves. When Indra Nooyi '80 first introduced the notion of making PepsiCo's food and beverage products healthier back in the 1990s, when she was the company's president and CFO, her colleagues were skeptical. Open Preview. McKay, Betsy, "PepsiCo's Nooyi to Add Top Job; After the Acquisition of Quaker Oats Co, the PepsiCo Chief Financial Officer Will Take on More Responsibilities," Contra Costra Times, December 10, 2000. In 2000 Nooyi was promoted to CFO and finished the year with four continuous quarters of uninterrupted growthin revenues, profits, and return on capital. }; . This decision came after more than two decades at her post and a succession plan that she had put into place before stepping down as ceo. s.src = p + "://api.content-ad.net/Scripts/widget2.aspx?" By Indra Nooyi. It permeates all aspects of my being. [6] https://www.encyclopedia.com/economics/news-wires-white-papers-and-books/nooyi-indra-k-1955, Halpern, Tim "Nooyi, Indra K. 1955 Most online reference entries and articles do not have page numbers. U.S. real estate might be a mess, but in other parts of the world, home prices are jumping. So far, so good. 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. Our website is a virtual hall and is the primary space for our exhibits and materials. "She generally likes humour and making others laugh too," her mother says. Mother's name Shantha Krishnamurthy who installed confidence and ambition in her and hers sister. Halpern, Tim "Nooyi, Indra K. 1955 In 2007 she becomes the fifth CEO of pepsico. When they'd been kicked out of a board meeting the previous month while their fates were being discussed, they went to the Jersey Boys musical on Broadway and sang along to all the Frankie Valli songs. (Business India, January 8, 2001). International Directory of Business Biographies. 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 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. She adopted her husband's surname after marriage. My spiritual practices also make me realize viscerally how much the Divine is of everything we do. program support for after-school classes, health, and 2. She played lead guitar in an all-women rock band in her hometown of Chennai. })(document); We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. The merger of the Gatorade and Tropicana sales forces resulted in a botched sales promotion, and a key Quaker Oats executive left the company. Indra Nooyi, a business leader and strategic thinker, is widely considered to be one of the top CEOs in the world for her leadership of the global behemoth PepsiCo for 12 years. Although analysts expressed surprise at the timing of Nooyis appointment as chairman (her predecessor, Steven Reinemund, had served just five years before abruptly deciding to retire), many praised the skills that she would bring to the job. "Indra is like a dog with a bone," Enrico told Wells after being brought around to Nooyi's position. Moved Into Senior Offices In December of that year, the company's stock price was up 40 percent from the year before. Indra is a Tamil movie buff. 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). PepsiCo CEO Indra Nooyi on Design Thinking How PepsiCo is harnessing the power of design. Intensive practice is meditation. Forbes Global, January 20, 2003, p. 19. She played lead role in acquisition of Tropicana in 1998 and also in merger of quacker oats and Gatorade to pepsico. Talking about her mother, Indra said in an interview. PepsiCo chair and CEO Indra Nooyi acknowledges that's a real struggle, one in which she enlists her colleagues for help. As the highest-ranked Indian American woman in corporate America, Nooyi led some of PepsiCo's most significant strategic moves. She remained a very average student during her diploma in management course. PepsiCo's three ex-CEOs, all on good terms with one another, weighed in to help Nooyi keep White onboard. Marketed Classic Brands How is music a spiritual practice for you? Ko is a professor and chair of the Department of . Her parents, older sister, younger brother, as well as her grandfather, all lived there. Working closely with PepsiCo CEO Roger Enrico, Nooyi remapped the company's future. Brands, Inc.), as well as the spin-off of PepsiCos bottling operations. The program at Yale, however, proved a perfect fit for Nooyi. "I'll give him a call and tell him to change his mind." exitPopMobile: true, the Hindu Temple Society of North America. Within the Cite this article tool, pick a style to see how all available information looks when formatted according to that style. Her early belief in education as a game-changer made her take a proactive role in higher education, especially for those in need. More on his married life and children! Nooyi stepped down as CEO in October 2018 and as chairman of the board in early 2019. Nooyi learned that simplifying messages means that you start with the big picture--the conclusion. 23 Feb. 2023 . Career: Johnson & Johnson and Mettur Beardsell, product manager; Boston Consulting Group, 19801986, director of international corporate strategy projects; Motorola, 19861988, member of automotive division development team; 19881990, vice president and director of corporate strategy and planning; Asea Brown Boveri, 19901994, senior vice president of corporate strategy and strategic marketing; PepsiCo, 19942001, senior vice president of corporate strategy and development; 2001, president. 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 that defines and consumes her the most That was exhilarating for me personally as I was struck by the very concrete and dramatic impact that one could create with focused attention and the extraordinary opportunity financial services presented, as it was a very inefficient industry with a history of regulation. Indra Nooyi joined PepsiCo in the year 1994 and became its president and CFO in 2001. 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. You also have the option to opt-out of these cookies. Induction Category: Business & Labor. Once rates start to rise, things could get ugly fast for our neighbors to the north. Later she earned commerce degrees from Madras Christian College and the Indian Institute of Management, Ahmedabad. Refer to each styles convention regarding the best way to format page numbers and retrieval dates. 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. 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. According to Steven Baronoff, cohead of mergers at Merrill Lynch, which represented PepsiCo, "Throughout the whole process, she was disciplined and held very firm" (Contra Costra Times, December 10, 2000). Nooyi had to place herself, for example, in the position of prime minister of India. Lavina Melwani is a New York-based journalist. Albert Ko. She was a cricketer in college. Credits: CNBC Education Background My Life in Full by Indra Nooyi, read by Indra Nooyi. 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. Rick Wagoner //
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