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Introduction
editIndra Nooyi is an Indian American[1] business executive and former CEO of PepsiCo.[2][3][4] In 2014, she was ranked at number 13 on the Forbes list of The World's 100 Most Powerful Women.[5]
Early life
editNooyi was born to a Tamil-speaking family on 28 October 1955[6][7] in Madras (now known as Chennai) Tamil Nadu India.[8] Nooyi did her schooling in Holy Angels Anglo Indian Higher Secondary School.[9]
Education
editNooyi received a bachelor's degrees in Physics, Chemistry and Mathematics from Madras Christian College of the University of Madras in 1974, and a Post Graduate Programme Diploma from Indian Institute of Management Calcutta in 1976.[10]
Yale
editIn 1978, Nooyi was admitted to Yale School of Management where she earned a master's degree in Public and Private Management in 1980.[10]
Career
editBeginning her career in India, Nooyi held product manager positions at Johnson & Johnson and textile firm Mettur Beardsell.
Internship
editWhile attending Yale School of Management, Nooyi completed her summer internship with Booz Allen Hamilton.[10]
Boston Consulting Group
editIn 1980, Nooyi joined the Boston Consulting Group as a strategy consultant, [11] and then worked at Motorola as Vice President and Director of Corporate Strategy and Planning,[11] followed by a stint at Asea Brown Boveri.[12]
PepsiCo Executive
editNooyi joined PepsiCo in 1994 and was named CEO in 2006[13], replacing Steven Reinemund, becoming the fifth CEO in PepsiCo's 44-year history.[14]
Tricon
editNooyi has directed the company's global strategy for more than a decade and led PepsiCo's restructuring, including the 1997 divestiture of Tricon, now known as Yum Brands. Tricon included companies like Pizza Hut, KFC, and Taco Bell under its umbrella [15]
Acquisition
editNooyi also took the lead in the acquisition of Tropicana in 1998,[16] and the merger with Quaker Oats Company, which also brought Gatorade in 2001,[17]
Net profit rise
editPepsiCo's annual net profit rose from 2 point 7 billion dollar to 6 point 5 billion dollar.[18][19]
Aspartame removal
editIn 2015, Nooyi removed aspartame from Diet Pepsi, furthering the shift towards healthier foods, despite lack of evidence of aspartame's harmful effects.[20]
Succession
editOn 6 August 2018, PepsiCo Inc confirmed that Nooyi would step down as the CEO, and Ramon Laguarta, a 22-year veteran of PepsiCo, would replace her on 3 October. During her tenure, the company's sales grew 80%. Nooyi served as CEO for 12 years, 7 years longer than the average CEO tenure at large companies according to an Equilar study.[21]
Remuneration
editWhile CEO of PepsiCo in 2011, Nooyi earned $17 million, which included a base salary of 1 point 9 million dollar, a cash bonus of 2 point 5 million dollar, pension value and deferred remuneration of $3 million.[22] By 2014, her total remuneration had grown to $19087832, including $5 and half million of equity.[23]
Connecticut public service
editIn 2019 Nooyi became the co-director of the newly created Connecticut Economic Resource Center, a public-private partnership with the Connecticut Department of Economic and Community Development.[24]
Awards and recognition
editIn 2018, Nooyi was named one of the "Best CEOs In The World" by the CEOWORLD magazine[25]. Forbes magazine ranked Nooyi on the 2008 through 2017 lists of The World's 100 Most Powerful Women.[5][26] Fortune magazine has named Nooyi number one on its annual ranking of Most Powerful Women in business for 2006 to 2010.[27]
American Academy of Arts and Sciences
editIn 2008, she was elected to the Fellowship of the American Academy of Arts and Sciences.[28]
Honorary degrees
editNooyi has been awarded several honorary degrees, including doctorates, by universities such as, Yale University, Cranfield University, University of Warwick, Pennsylvania State University, Duke University, and New York University, among several others.
Padma Bhushan
editShe has been awarded the Padma Bhusan in 2007 by the President of India.
Memberships and associations
editNooyi is a Successor Fellow of the Yale Corporation.[29] She serves as a member of the Foundation Board of the World Economic Forum, International Rescue Committee, Catalyst[30] and the Lincoln Center for the Performing Arts.
WJP
editNooyi serves as an Honorary Co-Chair for the World Justice Project, a body that works to lead a global, multidisciplinary effort to strengthen the Rule of Law for the development of communities of opportunity and equity.
References
edit- ^ "Personal side of Indra Nooyi". Timesofindia-economictimes. 7 February 2007. Retrieved 26 May 2015.
- ^ "PepsiCo CEO Indra Nooyi Is Stepping Down After 12 Years". NPR.org. Retrieved 2018-08-07.
- ^ "Leadership". PepsiCo, Inc. Official Website.
- ^ "PepsiCo, Inc. (NYSE:PEP) : Second Quarter 2010 Earnings Preview". IStock Analyst. 15 July 2010. Archived from the original on 17 July 2010. Retrieved 11 December 2010.
- ^ a b "#13 Indra Nooyi". Forbes. Forbes. Retrieved 20 June 2014.
- ^ "Personal side of Indra Nooyi". Timesofindia-economictimes. 7 February 2007. Retrieved 26 May 2015.
- ^ Zweigenhaft, Richard L.; Domhoff, G. William (2011). The New CEOs: Women, African American, Latino, and Asian American Leaders of Fortune 500 Companies. Rowman & Littlefield Publishers. p. 68. ISBN 9781442207677.
- ^ "Pride of Chennai". ITZChennai. 2015. Archived from the original on 8 November 2014. Retrieved 8 November 2014.
- ^ "Who is Indra Nooyi?". The Indian Express. 6 August 2018. Retrieved 13 October 2018.
- ^ a b c Sellers, Patricia (2 October 2006). "It's good to be the boss". CNN.
- ^ a b "Indra Nooyi: The Indian executive who broke glass ceiling in corporate America". The Economic Times. 7 August 2018.
- ^ "Alumni Leaders — Indra Nooyi '80". Yale School of Management. Archived from the original on 8 March 2010. Retrieved 9 July 2009.
- ^ "Indra Nooyi | Biography & Facts". Encyclopedia Britannica. Retrieved 2019-06-23.
- ^ "Indra Nooyi, Chairman and CEO of PepsiCo, Named CEO of the Year by GSCLG". Marketwire. 9 September 2009. Retrieved 9 July 2009.
- ^ "Departing PepsiCo CEO Indra Nooyi Did It Her Way". Yale University. 7 August 2018.
- ^ Levine, Greg (14 August 2006). "'Power Women' Member Nooyi To Lead 'Platinum' Pepsi". Forbes. Retrieved 10 September 2007.
- ^ "Forbes Profile: Indra Nooyi". Retrieved 15 January 2015.
- ^ Brady, Diane (11 June 2007). "Indra Nooyi: Keeping Cool In Hot Water". BusinessWeek. Retrieved 20 January 2016.
- ^ Jennifer Reingold (5 June 2015). "PepsiCo's CEO Indra Nooyi was right. Now what?". Fortune.
- ^ Bellstrom, Kristen (15 September 2015). "Fortune's Most Powerful Women List". Fortune.
- ^ Isidore, Chris. "PepsiCo CEO Indra Nooyi is stepping down". CNNMoney. Retrieved 2018-08-10.
- ^ PepsiCo CEO Nooyi gets $17 mn in compensation. NDTV.com (24 March 2012). Retrieved on 2015-05-26.
- ^ "PEPSICO INC Executive Salaries & Other Compensation". Salary.com.
- ^ Reporter, Staff. "Connecticut Governor Names Indian American Executive Indra Nooyi to CERC Board of Directors to Improve Economic Strategy". indiawest.com. India West. Retrieved 4 June 2019.
- ^ "Best CEOs In The World 2018".
- ^ "The 100 Most Powerful Women: #3". Forbes. 27 August 2008. Retrieved 27 August 2008.
- ^ "50 Most Powerful Women 2006: #1". CNN. Retrieved 22 September 2009.
- ^ "Academy Announces 2008 Class of Fellows". American Academy of Arts & Sciences. 28 April 2008. Archived from the original on 18 June 2009. Retrieved 9 July 2009.
- ^ "PepsiCo president Indra Nooyi elected to Yale Corporation". Yale Bulletin & Calendar. 30 August 2002. Archived from the original on 18 April 2009. Retrieved 6 July 2009.
- ^ "Board of Directors". Catalyst. Archived from the original on 18 March 2009. Retrieved 9 July 2009.