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Pepsi ceo indra nooyi biography

Indra Nooyi

American business executive

Indra Nooyi (née Krishnamurthy; born October 28, 1955) is an Indian-born American dole out executive who was the head and chief executive officer (CEO) of PepsiCo from 2006 cut short 2018.[3][4][5]

Nooyi has consistently ranked in the midst the world's 100 most robust women.[6] In 2014, she was ranked at number 13 publicize the Forbes list, and greatness second most powerful woman endorsement the Fortune list in 2015 and 2017.[7][8][9] She sits potency the boards of Amazon existing the International Cricket Council, in the middle of other organizations.[10][11]

Early life

Nooyi was intrinsic on October 28, 1955, score a Tamil Brahmin family giving Madras (now known as Chennai), Tamil Nadu, India.[13][14] Nooyi blunt her schooling in Holy Angels Anglo Indian Higher Secondary Institute in T.

Nagar.[15]

Nooyi's mother was a home maker. While band having a formal education her mother devised strategic festival at dinner for her daughters.[16] When Nooyi and her nurse were between eight and 11 years old, their mother taught them to write a expression about what they would hullabaloo if they held a selection of power such as the man or prime minister.

If Nooyi fell short in a stint, her paternal grandfather (a judge) would make her write, "I will not make excuses" Cardinal times on a piece holiday paper.[17]

Education

While completing her studies, Nooyi played guitar in a crowd, and excelled at cricket.[17] Nooyi received bachelor's degrees in physics, chemistry and mathematics from Province Christian College of the Academy of Madras in 1975, lecture a Post Graduate Programme Docket from Indian Institute of Governance Calcutta in 1976.[18]

In 1978, Nooyi was admitted to Yale Educational institution of Management and moved variety the United States, where she earned a master's degree presume public and private management dwell in 1980.[19]

Career

Nooyi began her career sophisticated India with product manager positions at Johnson & Johnson topmost the textile firm Beardsell Ltd.

While attending Yale School lady Management, Nooyi completed a summertime internship with Booz Allen Hamilton.[19] In 1980, Nooyi joined distinction Boston Consulting Group (BCG) kind a strategy consultant,[20] and confirmation worked at Motorola as promote president and Director of Incorporated Strategy and Planning,[20] followed rough a stint at Asea Heat Boveri.[21]

PepsiCo

Nooyi joined PepsiCo in 1994, and was named CEO bind 2006,[22] replacing Steven Reinemund, demonstrative the fifth CEO in PepsiCo's 44-year history.[23] She started because PepsiCo's senior vice president on the way to strategic planning from 1994 up in the air 1996, then became senior error president for corporate strategy service development from 1996 until 2000.

Next, she became senior depravity president and chief financial bogey of PepsiCo from February 2000 to April 2001, moving redouble to president and chief capital officer, beginning in 2001, contemporary was also named to PepsiCo's board of directors.

Nooyi headed the company's global strategy back more than a decade come first led PepsiCo's restructuring, including blue blood the gentry 1997 divestiture of Tricon, at this very moment known as Yum!

Brands. Tricon included companies like Pizza Cottage, KFC, and Taco Bell in the shade its umbrella.[24] The financial booty from this spinoff allowed distinction company to increase the rate of speed of its share buyback plan, thereby giving it more be to pursue future acquisitions hard up as much shareholder backlash.[25] Nooyi also worked on the procurement of Tropicana in 1998,[26] existing the merger with Quaker Oats Company, which also brought Gatorade in 2001.[27] The $3.3 numeral acquisition of Tropicana initially unfortunate opposition from other PepsiCo manipulation and Wall Street critics.[28] Authority Quaker Oats Company's ownership vacation Gatorade was a lucrative excise for PepsiCo, since Gatorade was responsible for 80% of balls drink sales at the time.[29] Similar to the Tropicana achievement, this strategic move gave PepsiCo leverage against Coca-Cola, owner draw round Powerade – second in character sports drink segment.[30]PepsiCo's annual makeup profit rose from $2.7 thousand to $6.5 billion.[31][32]

Nooyi was called on Wall Street Journal's listings of 50 women to look after in 2007 and 2008,[33][34] famous was listed among Time's Century Most Influential People in Prestige World in 2007 and 2008.

Forbes named her the #3 most powerful woman in 2008.[35] In 2014, she was grade #13 by Forbes.[7]Fortune ranked become public the #1 in the catalogue of Most Powerful Women return Business in 2009 and 2010. On October 7, 2010, Holdings magazine ranked her the Ordinal most powerful woman in dignity world.[36][37] In Fortune's Most Sonorous Women List of 2015, Nooyi ranked second.[38]

Nooyi's strategic redirection racket PepsiCo was called "Performance pertain to a Purpose,"[39] focused on creating long-term growth while leaving copperplate positive impact on society existing the environment.[40] She reclassified PepsiCo's products into three categories: "fun for you" (such as tater chips and regular soda), "better for you" (diet or low-fat versions of snacks and sodas), and "good for you" (items such as oatmeal).

She afflicted corporate spending away from castoffs foods and into the ameliorate alternatives, with the aim locate improving the healthiness of smooth "fun" offerings.[32][41] In 2015, Nooyi removed aspartame from Diet Cola, although in 2016 aspartame was reintroduced due to public backlash.[38]

Nooyi also focused on environmental doings and sustainability, redesigning packaging follow reduce waste, conserving water, replacing to renewable energy sources, delighted recycling.[42] She also worked dupe creating a culture of journeyman retention.[43] As one example, Nooyi wrote to the parents type her leadership team and visited their homes to create nifty more personal connection.[44]

In 2018, Nooyi stated an intent to broaden a line of snacks marketed specifically for women, feeling ramble it was a hitherto revitalized category.

In a radio talk, Nooyi stated that PepsiCo was getting ready to launch inventions designed and packaged as carrying weapons women's preferences, and based fall back behavioral differences in the tell men and women consume snacks.[45]

At one point, PepsiCo even wise changing its name and set in motion away from its namesake nip in, but the health push faltered.[46] On August 6, 2018, Nooyi stepped down as CEO, fairy story Ramon Laguarta, a 22-year old-timer of PepsiCo, replaced her extra October 3, as well slightly becoming a member of primacy board of directors.

However, Nooyi continued as the chair give an account of the company until early 2019.[47] Nooyi was CEO for 12 years, seven years longer pat the average CEO tenure be equal large companies according to block off Equilar study.[48]

Connecticut public service

In 2019, Nooyi became the co-director influence the newly created Connecticut Reduced Resource Center, a public-private set with the Connecticut Department signify Economic and Community Development.[49] Nooyi is a resident of River and a Yale SOM friends with of Connecticut Governor Ned Lamont.[50]

In April 2020, it was proclaimed that Nooyi – along channel of communication Yale epidemiologist Dr.

Albert Ko – would represent Connecticut keep in good condition the six-state working group intellection for the careful easing line of attack COVID-19 restrictions. Nooyi and Ko also served as co-chairs accuse the Reopen Connecticut Advisory Group.[51]

Remuneration

While CEO of PepsiCo in 2011, Nooyi earned $17 million, which included a base salary prescription $1.9 million, a cash tip of $2.5 million, pension conviction and deferred remuneration of $3 million.[52] By 2014, her uncut remuneration had grown to $19,087,832, including $5.5 million of equity.[53]

In 2017, Nooyi's last full collection at the helm of PepsiCo, she earned more than $31 million in total compensation.[54] Nooyi earned $87 million between 2015 and 2017.[55] She claims assess have never asked for neat as a pin pay raise while at PepsiCo.[56]

Awards and recognition

In January 2008, Nooyi was elected chairwoman of goodness U.S.-India Business Council (USIBC).

Nooyi leads USIBC's Board of Charge, an assembly of more prevail over 60 senior executives representing unmixed cross-section of American industry.[57][58]

In 2008, Nooyi was elected to blue blood the gentry Fellowship of the American School of Arts and Sciences.[59] She was also named one classic America's Best Leaders by U.S.

News & World Report.[60]

Nooyi was named CEO of the Crop by the Global Supply Link Leaders Group in July 2009.[61] That year, she was besides Nooyi was considered one care "The TopGun CEOs" by Brendan Wood International, an advisory agency.[62][63]

Fortune magazine has named Nooyi back issue one on its annual beginner of Most Powerful Women mosquito business for 2006, 2007, 2008, 2009 and 2010.[64][65][66][67]

Nooyi was given name to Institutional Investor's Best CEOs list in the All-America Clerical Team Survey in 2008 succumb 2011.[68] After five years panorama top, PepsiCo's Indian American controller and CEO Indra Nooyi has been pushed to the alternative spot as most powerful wife in US business by Kraft's CEO, Irene Rosenfeld.[69]

Forbes magazine assembled Nooyi on the 2008 project 2017 lists of The World's 100 Most Powerful Women.[7][70] Grip 2016, Nooyi was the fighter of the Academy of Omnipresent Business (AIB) The International Assignment of the Year Award.[71] She was named one of rendering "Best CEOs In The World" by the CEOWORLD magazine drop 2018.[72]

In February 2020, Nooyi was honored with the Outstanding Female in Business award by nobility League of Women Voters slate Connecticut.[73] In 2021, Nooyi was inducted into the National Women's Hall of Fame.[74] In 2022, she was honored with Blond Book Awards.[75]

Memberships and associations

Nooyi evolution a Successor Fellow of position Yale Corporation.[88] She is neat member of the Foundation Butt of the World Economic Seminar, International Rescue Committee, Catalyst[89] innermost the Lincoln Center for primacy Performing Arts.

She is put in order member of the Board confront Trustees of Eisenhower Fellowships, duct has been chairman of primacy U.S.-India Business Council.

Nooyi progression an honorary co-chair for excellence World Justice Project.[90] From Apr 2015 until April 2020, she was a director of Schlumberger Limited.[91] In June 2016, she was part of the early team on the Temasek Americas Advisory Panel.[92]

In December 2016, Nooyi joined a business forum ranked by Donald Trump to furnish strategic and policy advice categorize economic issues.[93]

In June 2018, Nooyi joined the International Cricket Diet Board as the organization's gain victory independent female director.[94]

Since February 2019, Nooyi has been a shareholder of the board of employers at Amazon.[91][95]

Nooyi is the Rear of 1951 Chair for primacy Study of Leadership at Western Point,[96] a Dean's Advisory Legislature member at MIT's School run through Engineering,[97] and a member dominate the MIT Corporation.[98]

Personal life

Indra joined Raj K.

Nooyi, president disagree with AmSoft Systems, in 1981.[99] Nooyi has two daughters and resides in Greenwich, Connecticut.[100] She court case a Hindu by faith title abstains from alcohol.[101]

Her older care for Chandrika Krishnamurthy Tandon is topping businesswoman and also a Grammy-nominated artist.[102] South Indian Carnatic musicianAruna Sairam is Indra's cousin.[103]

In Bharat, Nooyi used to play cricket and was also in create all-girl rock band, where she played guitar.[104]

Philanthropy

In 2016, Nooyi talented an undisclosed amount to affiliate alma mater, the Yale Academy of Management.[105] She became illustriousness school's largest alumni donor put in history and the first female to endow a deanship near a highly ranked business kindergarten with her gift.[106][107]

See also

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External links