else is what I do., A firm believer in meditation, Tandon says, It took me into the deepest parts of myself and let me experience my own light. Between 2001 and 2006, PepsiCo's annual revenue increased from $24 billion to $33 billion, and in 2006 its total market capitalization (the value of a company's outstanding stock shares) passed that of longtime market leader Coca-Cola. Founder and Chief Investment Officer Trident Investment Management 1998 - 201719 years Investment Consultant and Independent Portfolio Manager Credit Suisse Asset Management 1996 - 19982 years. Rather than a step down, the move could ultimately catapult her to a takeover at the top. But sweating the details is more important than anything else., Whatever anybody says or does, assume positive intent., Women represent the biggest emerging market opportunity. Nooyi earned a bachelors degree in chemistry from Madras Christian College in 1976 and a masters degree in business administration from the Indian Institute of Management in Calcutta two years later. She says she asked the board to increase White's compensation to nearly match hers (Nooyi's 2006 compensation: $7.1 million). 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 has also founded the Hindu Community Outreach Initiative for youth and seniors, donating buildings and All Rights Reserved.Terms Updates? Meanwhile, archrival Coke (KO, Fortune 500) is gearing up to revive the cola wars with such products as calorie-free Coke Zero, which looks like a hit, and the company's newly acquired Vitaminwater lineup. More broadly, PepsiCo was a company in need of constant reinvention as consumer preferences shifted. Nooyi, one of the Forbes World's 100 most powerful women has a very important advice for students who could be the future leaders of the world. Nooyi worked directly with PepsiCo's then CEO Roger Enrico and was involved in every major strategic decision that Enrico made as CEO. 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. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. their own journeys, in finding the light much sooner than I did. Tandon eventually overcame the constraints on her time, and found noted gurus to learn classical music even as she grew her business and nurtured her family. People: Chandrika TandonIn Search of a Higher Way. Nooyi served as the companys CEO (200618) and chairman of the board (200719). Search instead in Creative? Our website is a virtual hall and is the primary space for our exhibits and materials. Nooyi was responsible for guiding a major restructuring, which included the companys spin-off of its restaurantswhich included KFC, Pizza Hut, and Taco Bellinto Tricon Global Restaurants (which later became Yum! With the U.S. marketplace in slow-growth mode even in the best of times, the biggest opportunities are overseas. Despite societal pressures, Nooyi's parents got on board with her plans. Morningstar, Inc. All Rights Reserved. PepsiCo's international business grew 22% last year, triple the rate of domestic sales, and now contributes 40% of total revenue ($39 billion last year). Wife, mother, grandmother. Induction Category: Business & Labor. Inspired by theirPerformance with Purposeinitiative, PepsiCo launchedFood for Good, a social enterprise within PepsiCo whose mission is to make healthy food physically and financially accessible for low-income families through sustainable, business-driven solutions. See also entries on Motorola, Inc. and PepsiCo, Inc. in International Directory of Company Histories. Work hard twice as the male counterpart is the mantra which leads her to reach this height and the honors to follow.Fortune magazine has named Nooyi number one on its annual ranking of Most Powerful Women in business for 2006, 2007, 2008 and 2009.Awards of Tamil women Indra Nooyi 2007: Chosen as a recipient of the Padma Bhushan award by the Government of India. 2008: Named one of America's Best Leaders by U.S. News & World Report. 2008: Elected to the Fellowship of the American Academy of Arts and Sciences 2008: Elected Chairman of the US-India Business Council (USIBC) 2009: Named 2009 CEO of the Year by Global Supply Chain Leaders Group. 2010: named no 1 on fortune's list of the "50 Most Powerful Women" and no 6 on forbes list of the World's 100 Most Powerful Women. She is member of boards of Lincoln centre for performing arts in the New York City. She lives with her husband and two daughters in Farifax County, Connecticut. Speaking to the Financial Times, she said. Her resourcefulness, humility and persistence shine through as she navigates her way from Southern India to the heights of corporate America. Business, social, and philanthropic commitments occupy a lot of my time, and its often very hard to allocate that. Indra Nooyi, former CEO of Pepsico speaks on stage during Watermark Conference For Women 2020. 275 world-class musicians living across four continents, recorded largely in London, and mixed in New York. As you move up the organization, the requirements for leading that organization don't grow vertically; they grow exponentially., As a leader, I am tough on myself and I raise the standard for everybody; however, I am very caring because I want people to excel at what they are doing so that they can aspire to be me in the future., I pick up the details that drive the organization insane. Inclusion is a mindset.. Image Credits: Dave Puente Photography. More on his married life and children! PepsiCo CEO Indra Nooyi on Design Thinking How PepsiCo is harnessing the power of design. d: "ZWNlbGVicml0eWZhY3RzLmNvbQ==", She learned to analyze problems in detail and to work with a team on typical American corporate planning projects. While the Tandons $100 million gift to the New York University School of Engineering is a milestone contribution of her life, it is the music and spirituality She played lead role in acquisition of Tropicana in 1998 and also in merger of quacker oats and Gatorade to pepsico. Your work takes up so much of your life that if you're not having fun, what's the point in it?" You dont choose them., Diversity is a number. My hope is that with the narrative that accompanies this album, I will be able to help others start Every night at the dinner table, my mother would ask us (her elder sister) to write a speech about what we would do if we were president, chief minister or prime minister every day would be a different world leader shed ask us to play. Adversaries underestimated Nooyi at their peril. 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. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". He could easily have been CEO." She was surprised that her parents agreed to let her go abroad. (Photo: Yassine El Mansouri). 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. 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. 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. under which this service is provided to you. Her sister, Indra Nooyi, has been the high-profile President and CEO of PepsiCo and her brother, Nandu Narayanan, heads Trident Investment Management. Factset: FactSet Research Systems Inc. 2018. Reinemund and Nooyi were portrayed in business circles as something of a corporate odd couple. We swayed and sang our school songs. Her sister, Indra Nooyi, has been the high-profile President and CEO of PepsiCo and her brother, Nandu Narayanan, heads Trident Investment Management. Born: October 28, 1955, in Madras, India. Keeping a focused, calm, and centered mind is, to me, the most important attribute of living my everyday life. June 7, 2021. 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. "You have to relate your interests to the interests of other parts of the world - to be relevant in their societies. Learn more about the time period in which this Inductee lived. Tandon was the first woman partner at McKinsey to give birth. Business, arts, and philanthropy have all percolated into Tandons life and she has embraced each of them into a balanced lifestyle. 23 Feb. 2023 . that defines and consumes her the most Encyclopedia.com. Choosing a great sounding choir was really important. Pepsi CEO Indra Nooyi got hefty raise. 2. This group of companies is all about social networking to connect with their customers. the Hindu Temple Society of North America. Follow @lavinamelwani and The program at Yale, however, proved a perfect fit for Nooyi. d.getElementById("contentad480652").appendChild(s); She was ranked as the 3rdmost powerful woman in business byFortunein 2014 and as the 2ndmost powerful women byFortunein 2015. Lori Stokes leaves Channel 7: Whats next after Eyewitness News? cb: (new Date()).getTime() Said Nooyi, "It was unheard of for a good, conservative, south Indian Brahmin girl to do this. Her father worked at the State Bank of Hyderabad. She blogs at (function(d) { Reinemund, a former U.S. Marine, was the classic buttoned-down executive, but Nooyi was less conventional in her saris or long scarves. [3] [4] [5] She has consistently ranked among the world's 100 most powerful women. He has always respected her career decisions and helped her reach her goals. Indra Nooyis family has a huge hand in her success, Lori Stokes leaves Channel 7: Whats next after Eyewitness News? As the global business icon stood between US President Barack Obama and Indian Prime Minister Manmohan Singh . New York CNN Business . Nooyi had to place herself, for example, in the position of prime minister of India. 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. She has opened new musical worlds for students through the Berklee Tandon Global Clinics that offer workshops, artist residences, Part of that growth came from international operations, which were placed under their own PepsiCo International umbrella in 2003. NBA confirms L.A. Clippers sale to ex-Microsoft CEO Steve Ballmer, FBI and SEC probe into Carl Icahn and golfer Phil Mickelson, Apple scores high in PC World's relability survey, Dean Kamen (still) wants to save the world, Al Gore: Web 2.0 can help save the planet, What to expect at Goldman's annual meeting, SoftBank and Toyota want driverless cars to change the world, Barnes & Noble stock soars 20% as it explores a sale, Why it's time for investors to go on the defense, The Toys 'R' Us brand may be brought back to life, The internet industry is suing California over its net neutrality law, Priyanka Chopra is helping Bumble expand in India, Getting health insurance through work now costs nearly $20,000. It was unheard of for a good, conservative, south Indian Brahmin girl to do this. (Left) Receiving the Gallatin medal, NYUs highest honor. She has created a motto - "Performance With Purpose" - that puts a positive spin on how she wants PepsiCo to do business both at home and abroad. This kind of journey is really about searching for something, getting a glimpse of it, and trying to stay in that space for as long as possible. You took many performers from New York, London, and India. She is not hung up on pay. In 2003 the company announced that it was on track to realize its goal of achieving $400 million in synergies by the end of fiscal year 2004. Indra Nooyi has ideas for how the corporate world needs to evolve. Thanks to initiatives she had spearheaded, some of them risky ones, PepsiCo eclipsed its longtime rival, Coke, in many measures of performance in the early 2000s. One of the key executives behind the company's transformation into a focused food and beverage entity, Nooyi persistently argued for the spin-off of the company's struggling restaurant division, which included Kentucky Fried Chicken, Pizza Hut, and Taco Bell. PepsiCo, with its products sold all over the world, had taken strides to diversify its workforce by gender and ethnicity, aiming to staff itself with personnel who would understand the markets in which the company operated. Murray, Sarah, "From Poor Indian Student to Powerful U.S. Businesswoman," Financial Times, January 26, 2004, p. 3. She also had a younger brother, Narayanan, who followed her to Yale and to the American corporate world. 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. Indira krisnamurthy nooyi is one among such women. "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). She was the first woman of color and first immigrant to head a Fortune 50 company. Based on the pillars of Human, Environmental and Talent Sustainability the program is an effort to deliver sustained financial performance by providing a wide range of foods and beverages, finding innovative ways to minimize impact on the environment and providing a safe and inclusive workplace for employees globally as well as respecting, supporting and investing in the local communities in which PepsiCo operates. As CEO, she thwarted a bid to break up PepsiCo, nearly. We grew up in a very simple home in a very old city, where Vedic traditions are performed to this day. 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. id: "314129c3-ef90-45ee-91b6-57c31944f14e", She was appointed the 5th CEO of PepsiCo in 2006. In 2007, Indian Government honored her with. Former Chairman and CEO of PepsiCo Indra Nooyi speaks to Prannoy Roy about her upcoming book My Life In Full. Former chairman and CEO of PepsiCo, Indra Nooyi, joined Commerce Live's virtual conference Omnichannel, Debunked as keynote speaker to talk leadership and how being a tough boss helped her . In the early 1990s, Tandon risked her savings to found Tandon Capital Associates, a financial advisory company that restructured preeminent financial institutions worldwide, creating billions of dollars in market value for her clients. Nobody can take your place. No economy in the world can be successful without tapping into the incredible potential of women., Bring together what is good for business with what is good for the world., The challenge of a leader is looking around the corner and making change before it's too late., Women helping each other - coaching, mentoring, and providing tips - is a great way for us to be our own force., Leadership is hard to define and good leadership even harder. 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. The merger of the Gatorade and Tropicana sales forces resulted in a botched sales promotion, and a key Quaker Oats executive left the company. Since she became CEO in 2006, the company's global revenue has increased from $40 billion in 2007 to more than $63 billion last year. But that's precisely the problem: trying to play by the wrong rules. "She loves America and the country has rewarded her hard work. The 100 highest paid CEOs of the biggest companies by revenue earned more than $1.6 billion (Rs 10,430 crore) as salary last year, with India-born Pepsico CEO Indra Nooyi becoming the second . Encyclopedia.com. At a personal level, Tandon has pursued her artistic talents through tough situations. Her family was part of India's middle class; her father was a bank official, and a grandfather, whom she later credited as an inspiration, was a district judge. The Gallatin medal, NYUs highest honor trying to play by the rules! Brahmin girl to do this decisions and helped her reach her goals most important attribute of my... Is set by GDPR cookie consent to record the user consent for the indra nooyi brother narayanan in best... Catapult her to Yale and to the heights of corporate America do this consent for the cookies the. ; she loves America and the country has rewarded her hard work: trying play... 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