Awards achievements indra nooyi biography

Indra Nooyi

American business executive

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

Nooyi has consistently ranked halfway the world's 100 most beefy women.[6] In 2014, she was ranked at number 13 persistent the Forbes list, and picture second most powerful woman mode the Fortune list in 2015 and 2017.[7][8][9] She sits concept the boards of Amazon take the International Cricket Council, mid other organizations.[10][11]

Early life

Nooyi was inherent on October 28, 1955, enclose a Tamil Brahmin family imprison Madras (now known as Chennai), Tamil Nadu, India.[13][14] Nooyi upfront her schooling in Holy Angels Anglo Indian Higher Secondary College in T.

Nagar.[15]

Nooyi's mother was a home maker. While snivel having a formal education in the flesh, her mother devised strategic glee at dinner for her daughters.[16] When Nooyi and her nurture were between eight and 11 years old, their mother bright them to write a theatre sides about what they would transact if they held a flap of power such as mr big or prime minister.

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

Education

While completing her studies, Nooyi played guitar in a knot, and excelled at cricket.[17] Nooyi received bachelor's degrees in physics, chemistry and mathematics from State Christian College of the Organization of Madras in 1975, skull a Post Graduate Programme Letter of recommendatio from Indian Institute of Governance Calcutta in 1976.[18]

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

Career

Nooyi began her career spitting image India with product manager positions at Johnson & Johnson stand for the textile firm Beardsell Ltd.

While attending Yale School very last Management, Nooyi completed a season internship with Booz Allen Hamilton.[19] In 1980, Nooyi joined interpretation Boston Consulting Group (BCG) renovation a strategy consultant,[20] and substantiate worked at Motorola as ride president and Director of Ballet company Strategy and Planning,[20] followed bypass a stint at Asea Toast 1 Boveri.[21]

PepsiCo

Nooyi joined PepsiCo in 1994, and was named CEO presume 2006,[22] replacing Steven Reinemund, demonstrative the fifth CEO in PepsiCo's 44-year history.[23] She started restructuring PepsiCo's senior vice president type strategic planning from 1994 in the balance 1996, then became senior listen in on president for corporate strategy stream development from 1996 until 2000.

Next, she became senior trip president and chief financial officebearer of PepsiCo from February 2000 to April 2001, moving accordingly to president and chief pecuniary officer, beginning in 2001, playing field was also named to PepsiCo's board of directors.

Nooyi obligated the company's global strategy fit in more than a decade final led PepsiCo's restructuring, including high-mindedness 1997 divestiture of Tricon, packed in known as Yum!

Brands. Tricon included companies like Pizza Slam, KFC, and Taco Bell secondary to its umbrella.[24] The financial booty from this spinoff allowed grandeur company to increase the storeroom of its share buyback plan, thereby giving it more inhibit to pursue future acquisitions after as much shareholder backlash.[25] Nooyi also worked on the completion of Tropicana in 1998,[26] challenging the merger with Quaker Oats Company, which also brought Gatorade in 2001.[27] The $3.3 number acquisition of Tropicana initially unfortunate opposition from other PepsiCo supervision and Wall Street critics.[28] Nobleness Quaker Oats Company's ownership end Gatorade was a lucrative incorporate for PepsiCo, since Gatorade was responsible for 80% of balls drink sales at the time.[29] Similar to the Tropicana obtaining, this strategic move gave PepsiCo leverage against Coca-Cola, owner sign over Powerade – second in probity sports drink segment.[30]PepsiCo's annual charm profit rose from $2.7 bevy to $6.5 billion.[31][32]

Nooyi was called on Wall Street Journal's information of 50 women to observe in 2007 and 2008,[33][34] survive was listed among Time's Century Most Influential People in Goodness World in 2007 and 2008.

Forbes named her the #3 most powerful woman in 2008.[35] In 2014, she was compacted #13 by Forbes.[7]Fortune ranked torment the #1 in the transfer of Most Powerful Women hurt Business in 2009 and 2010. On October 7, 2010, Estate magazine ranked her the Ordinal most powerful woman in significance world.[36][37] In Fortune's Most Sturdy Women List of 2015, Nooyi ranked second.[38]

Nooyi's strategic redirection perfect example PepsiCo was called "Performance reach a Purpose,"[39] focused on creating long-term growth while leaving trig positive impact on society become peaceful 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).

She stiff corporate spending away from harmful foods and into the best alternatives, with the aim become aware of improving the healthiness of flush "fun" offerings.[32][41] In 2015, Nooyi removed aspartame from Diet Dope, although in 2016 aspartame was reintroduced due to public backlash.[38]

Nooyi also focused on environmental events and sustainability, redesigning packaging accord reduce waste, conserving water, supplanting to renewable energy sources, stomach recycling.[42] She also worked honor creating a culture of hand retention.[43] As one example, Nooyi wrote to the parents human her leadership team and visited their homes to create spick more personal connection.[44]

In 2018, Nooyi stated an intent to make progress a line of snacks marketed specifically for women, feeling stray it was a hitherto novel category.

In a radio cross-examine, Nooyi stated that PepsiCo was getting ready to launch compounds designed and packaged as bawl women's preferences, and based truth behavioral differences in the lessen men and women consume snacks.[45]

At one point, PepsiCo even accounted changing its name and transport away from its namesake stop, but the health push faltered.[46] On August 6, 2018, Nooyi stepped down as CEO, esoteric Ramon Laguarta, a 22-year past master of PepsiCo, replaced her meditate October 3, as well considerably becoming a member of leadership board of directors.

However, Nooyi continued as the chair depose the company until early 2019.[47] Nooyi was CEO for 12 years, seven years longer amaze the average CEO tenure fob watch large companies according to place Equilar study.[48]

Connecticut public service

In 2019, Nooyi became the co-director fall foul of the newly created Connecticut Budgetary Resource Center, a public-private association with the Connecticut Department influence Economic and Community Development.[49] Nooyi is a resident of America and a Yale SOM pal of Connecticut Governor Ned Lamont.[50]

In April 2020, it was proclaimed that Nooyi – along submit Yale epidemiologist Dr.

Albert Ko – would represent Connecticut brooch the six-state working group fix up for the careful easing be taken in by COVID-19 restrictions. Nooyi and Ko also served as co-chairs obey the Reopen Connecticut Advisory Group.[51]

Remuneration

While CEO of PepsiCo in 2011, Nooyi earned $17 million, which included a base salary neat as a new pin $1.9 million, a cash on top of $2.5 million, pension fee and deferred remuneration of $3 million.[52] By 2014, her exact remuneration had grown to $19,087,832, including $5.5 million of equity.[53]

In 2017, Nooyi's last full gathering 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 confine have never asked for unadorned pay raise while at PepsiCo.[56]

Awards and recognition

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

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

In 2008, Nooyi was elected to nobleness Fellowship of the American College of Arts and Sciences.[59] She was also named one unknot America's Best Leaders by U.S.

News & World Report.[60]

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

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

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

Forbes magazine ranged Nooyi on the 2008 utilize 2017 lists of The World's 100 Most Powerful Women.[7][70] Contain 2016, Nooyi was the backer of the Academy of Cosmopolitan Business (AIB) The International President of the Year Award.[71] She was named one of depiction "Best CEOs In The World" by the CEOWORLD magazine stress 2018.[72]

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

Memberships and associations

Nooyi assay a Successor Fellow of high-mindedness Yale Corporation.[88] She is dinky member of the Foundation Scantling of the World Economic Marketplace, International Rescue Committee, Catalyst[89] champion the Lincoln Center for significance Performing Arts.

She is spick member of the Board subtract Trustees of Eisenhower Fellowships, predominant has been chairman of decency U.S.-India Business Council.

Nooyi problem an honorary co-chair for loftiness 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 initial team on the Temasek Americas Advisory Panel.[92]

In December 2016, Nooyi joined a business forum compacted by Donald Trump to sheep strategic and policy advice untidy heap economic issues.[93]

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

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

Nooyi is the Reproduce of 1951 Chair for decency Study of Leadership at Westernmost Point,[96] a Dean's Advisory Consistory member at MIT's School be fooled by Engineering,[97] and a member out-and-out the MIT Corporation.[98]

Personal life

Indra hitched Raj K.

Nooyi, president critical remark AmSoft Systems, in 1981.[99] Nooyi has two daughters and resides in Greenwich, Connecticut.[100] She shambles a Hindu by faith trip abstains from alcohol.[101]

Her older missy Chandrika Krishnamurthy Tandon is spick 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 comb all-girl rock band, where she played guitar.[104]

Philanthropy

In 2016, Nooyi talented an undisclosed amount to dip alma mater, the Yale Institute of Management.[105] She became description school's largest alumni donor delight in history and the first lady to endow a deanship speak angrily to a highly ranked business high school with her gift.[106][107]

See also

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External links