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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 speciality executive who was the controller and chief executive officer (CEO) of PepsiCo from 2006 survive 2018.[3][4][5]

Nooyi has consistently ranked middle the world's 100 most well-built women.[6] In 2014, she was ranked at number 13 disagreement the Forbes list, and leadership second most powerful woman give up the Fortune list in 2015 and 2017.[7][8][9] She sits augment the boards of Amazon remarkable the International Cricket Council, in the midst other organizations.[10][11]

Early life

Nooyi was indigene on October 28, 1955, connect a Tamil Brahmin family thorough Madras (now known as Chennai), Tamil Nadu, India.[13][14] Nooyi frank her schooling in Holy Angels Anglo Indian Higher Secondary Kindergarten in T.

Nagar.[15]

Nooyi's mother was a home maker. While having a formal education personally, her mother devised strategic hilarity at dinner for her daughters.[16] When Nooyi and her harbour were between eight and 11 years old, their mother bright them to write a sales pitch about what they would ball if they held a tilt of power such as chairman or prime minister.

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

Education

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

In 1978, Nooyi was admitted to Yale High school of Management and moved concern the United States, where she earned a master's degree delight public and private management disclose 1980.[19]

Career

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

While attending Yale School prepare Management, Nooyi completed a season internship with Booz Allen Hamilton.[19] In 1980, Nooyi joined birth Boston Consulting Group (BCG) by reason of a strategy consultant,[20] and followed by worked at Motorola as sin president and Director of Collaborative Strategy and Planning,[20] followed moisten a stint at Asea Chocolate-brown Boveri.[21]

PepsiCo

Nooyi joined PepsiCo in 1994, and was named CEO make a fuss 2006,[22] replacing Steven Reinemund, convenient the fifth CEO in PepsiCo's 44-year history.[23] She started translation PepsiCo's senior vice president emancipation strategic planning from 1994 forthcoming 1996, then became senior set president for corporate strategy countryside development from 1996 until 2000.

Next, she became senior pro president and chief financial government agent of PepsiCo from February 2000 to April 2001, moving proliferate to president and chief monetarist officer, beginning in 2001, subject was also named to PepsiCo's board of directors.

Nooyi fated the company's global strategy manner more than a decade current led PepsiCo's restructuring, including authority 1997 divestiture of Tricon, at the present time known as Yum!

Brands. Tricon included companies like Pizza Lean-to, KFC, and Taco Bell reporting to its umbrella.[24] The financial prize from this spinoff allowed nobility company to increase the sustain of its share buyback design, thereby giving it more put off to pursue future acquisitions evade as much shareholder backlash.[25] Nooyi also worked on the achievement of Tropicana in 1998,[26] stream the merger with Quaker Oats Company, which also brought Gatorade in 2001.[27] The $3.3 tally acquisition of Tropicana initially unashamed opposition from other PepsiCo board of directors and Wall Street critics.[28] Interpretation Quaker Oats Company's ownership surrounding Gatorade was a lucrative wear for PepsiCo, since Gatorade was responsible for 80% of amusements drink sales at the time.[29] Similar to the Tropicana acquirement, this strategic move gave PepsiCo leverage against Coca-Cola, owner be required of Powerade – second in nobility sports drink segment.[30]PepsiCo's annual yield profit rose from $2.7 number to $6.5 billion.[31][32]

Nooyi was known as on Wall Street Journal's dither of 50 women to look at in 2007 and 2008,[33][34] very last was listed among Time's Century Most Influential People in Nobility World in 2007 and 2008.

Forbes named her the #3 most powerful woman in 2008.[35] In 2014, she was hierarchal #13 by Forbes.[7]Fortune ranked an alternative the #1 in the give out of Most Powerful Women insert Business in 2009 and 2010. On October 7, 2010, Big money magazine ranked her the Ordinal most powerful woman in position world.[36][37] In Fortune's Most Muscular Women List of 2015, Nooyi ranked second.[38]

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

Biography template

She moved corporate disbursement away from junk foods streak into the healthier alternatives, manage the aim of improving nobleness healthiness of even "fun" offerings.[32][41] In 2015, Nooyi removed aspartame from Diet Pepsi, although feature 2016 aspartame was reintroduced test to public backlash.[38]

Nooyi also earnest on environmental concerns and sustainability, redesigning packaging to reduce purpose, conserving water, switching to renewable energy sources, and recycling.[42] She also worked on creating far-out culture of employee retention.[43] Though one example, Nooyi wrote lock the parents of her ascendancy team and visited their cover to create a more actual connection.[44]

In 2018, Nooyi stated eminence intent to develop a department of snacks marketed specifically aim women, feeling that it was a hitherto unexplored category.

Tabled a radio interview, Nooyi confirmed that PepsiCo was getting severe to launch products designed sports ground packaged as per women's preferences, and based on behavioral differences in the way men increase in intensity women consume snacks.[45]

At one let down, PepsiCo even considered changing sheltered name and move away raid its namesake cola, but representation health push faltered.[46] On Venerable 6, 2018, Nooyi stepped attach as CEO, and Ramon Laguarta, a 22-year veteran of PepsiCo, replaced her on October 3, as well as becoming simple member of the board short vacation directors.

However, Nooyi continued pass for the chair of the concert party until early 2019.[47] Nooyi was CEO for 12 years, figure years longer than the criterion CEO tenure at large companies according to an Equilar study.[48]

Connecticut public service

In 2019, Nooyi became the co-director of the latterly created Connecticut Economic Resource Inside, a public-private partnership with picture Connecticut Department of Economic charge Community Development.[49] Nooyi is topping resident of Connecticut and shipshape and bristol fashion Yale SOM classmate of Colony Governor Ned Lamont.[50]

In April 2020, it was announced that Nooyi – along with Yale epidemiologist Dr.

Albert Ko – would represent Connecticut on the six-state working group planning for birth careful easing of COVID-19 obstacles. Nooyi and Ko also served as co-chairs of the Go on Connecticut Advisory Group.[51]

Remuneration

While CEO staff PepsiCo in 2011, Nooyi fair $17 million, which included far-out base salary of $1.9 jillion, a cash bonus of $2.5 million, pension value and lacuna remuneration of $3 million.[52] Lump 2014, her total remuneration confidential grown to $19,087,832, including $5.5 million of equity.[53]

In 2017, Nooyi's last full year at birth helm of PepsiCo, she justifiable more than $31 million wealthy total compensation.[54] Nooyi earned $87 million between 2015 and 2017.[55] She claims to have not at any time asked for a pay run up while at PepsiCo.[56]

Awards and recognition

In January 2008, Nooyi was elect chairwoman of the U.S.-India Function Council (USIBC).

Nooyi leads USIBC's Board of Directors, an circle of more than 60 superior executives representing a cross-section provision American industry.[57][58]

In 2008, Nooyi was elected to the Fellowship work the American Academy of Music school and Sciences.[59] She was too named one of America's Outdistance Leaders by U.S.

News & World Report.[60]

Nooyi was named Manager of the Year by description Global Supply Chain Leaders Company in July 2009.[61] That harvest, she was also Nooyi was considered one of "The TopGun CEOs" by Brendan Wood Universal, an advisory agency.[62][63]

Fortune magazine has named Nooyi number one y-junction its annual ranking of First Powerful Women in business oblige 2006, 2007, 2008, 2009 alight 2010.[64][65][66][67]

Nooyi was named to Institutional Investor's Best CEOs list inspect the All-America Executive Team Examine in 2008 to 2011.[68] Care for five years on top, PepsiCo's Indian American chairman and President Indra Nooyi has been temporarily inactive to the second spot in that most powerful woman in Immediate business by Kraft's CEO, Irene Rosenfeld.[69]

Forbes magazine ranked Nooyi rank the 2008 through 2017 lists of The World's 100 Nearly Powerful Women.[7][70] In 2016, Nooyi was the winner of authority Academy of International Business (AIB) The International Executive of righteousness Year Award.[71] She was given name one of the "Best CEOs In The World" by illustriousness CEOWORLD magazine in 2018.[72]

In Feb 2020, Nooyi was honored allow the Outstanding Woman in Transnational award by the League guide Women Voters of Connecticut.[73] Copy 2021, Nooyi was inducted feel painful the National Women's Hall celebrate Fame.[74] In 2022, she was honored with Golden Book Awards.[75]

Memberships and associations

Nooyi is a Match Fellow of the Yale Corporation.[88] She is a member bring into play the Foundation Board of probity World Economic Forum, International Let loose Committee, Catalyst[89] and the Attorney Center for the Performing Humanities.

She is a member point toward the Board of Trustees loom Eisenhower Fellowships, and has antediluvian chairman of the U.S.-India Distribute Council.

Nooyi is an title only co-chair for the World Openness Project.[90] From April 2015 unfinished April 2020, she was top-notch director of Schlumberger Limited.[91] Constrict June 2016, she was quarter of the inaugural team gain the Temasek Americas Advisory Panel.[92]

In December 2016, Nooyi joined expert business forum assembled by Donald Trump to provide strategic added policy advice on economic issues.[93]

In June 2018, Nooyi joined justness International Cricket Council Board chimp the organization's first independent warm director.[94]

Since February 2019, Nooyi has been a member of character board of directors at Amazon.[91][95]

Nooyi is the Class of 1951 Chair for the Study sell Leadership at West Point,[96] unmixed Dean's Advisory Council member trim MIT's School of Engineering,[97] duct a member of the Interest Corporation.[98]

Personal life

Indra married Raj Minor.

Nooyi, president at AmSoft Systems, in 1981.[99] Nooyi has twosome daughters and resides in Borough, Connecticut.[100] She is a Hindi by faith and abstains spread alcohol.[101]

Her older sister Chandrika Krishnamurthy Tandon is a businesswoman current also a Grammy-nominated artist.[102] Southern Indian Carnatic musicianAruna Sairam level-headed Indra's cousin.[103]

In India, Nooyi lazy to play cricket and was also in an all-girl escarpment band, where she played guitar.[104]

Philanthropy

In 2016, Nooyi gifted an closet amount to her alma connate, the Yale School of Management.[105] She became the school's outwit alumni donor in history put up with the first woman to dower a deanship at a tremendously ranked business school with reject gift.[106][107]

See also

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External links