Indra Nooyi has led PepsiCo . She was ranked as the 3rdmost powerful woman in business byFortunein 2014 and as the 2ndmost powerful women byFortunein 2015. Motley Fool co-founder and CEO Tom Gardner talks with Indra Nooyi, ex-CEO of PepsiCo, to discuss: Other CEOs she's learned from. When it was his turn to speak to the troops at the meeting the following week to announce Nooyi's appointment, he put it this way: "I play the piano and Indra sings." About Indra Nooyi. "Tell me whatever I need to do to keep you, and I will do it," she told her longtime colleague, who was vice chairman at the time. Can you share with us the journey, beginning with the idea and its birth? It essentially boils down to balancing the profit motive with making healthier snacks, striving for a net-zero impact on the environment, and taking care of your workforce. Industry analysts at Bank of America say PepsiCo "is demonstrating great flexibility in a tough environment.". Copyright 2021 by Preetara LLC. We ate on the floor sitting cross-legged in a circle, with our mothers in the center ladling sambar sadam and thayir sadam lentil stew and curds mixed with rice from clay tureens and dishing out Indian pickles onto banana leaves that served as plates. In October 2006, her hard work, vision, strategic alignment, and business experience won her the title of CEO, and the following year, she also became chairman of the board. She is also a revered role model for women and immigrants and celebrated for her empowering messages on inclusivity. Suri reflects that when leaders lean in on their humble beginnings, they exemplify that hard work, skill and equal opportunities are valued. Intensive practice is meditation. We just hear Navya talk, and am listening to her talk, at that young age and to be so poised, and so articulate and just sound so professional, it says to me that women have come a long way. She went on a hunger strike to be allowed to go to college. December 29, 2021. In 2011, Nooyi received $17 million as CEO of PepsiCo, which includes a basic salary of $1.9 million, a cash bonus of $2.5 million, a pension value of $2.5 million, and $3 million in deferred remuneration. The first woman of color and immigrant to run a Fortune 50 company and one of the foremost strategic thinkers of . Says Nooyi: "I treat Mike as my partner. Indra K. Nooyi. His marriage was puzzling to me. Tandon and the Member Class of 2019 will be formally inducted into the Association on April 4-6, 2019, during the 72, For Chandrika Tandon, the pieces of the jigsaw puzzle fit perfectly:We are custodians of the planet and we are here for a very short time. 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I often refer to the Greek philosopher Epictetus saying: We have two ears and one mouth, so that we can listen twice as much as we speak. My father was a living example of this. It manifested in bits and pieces, based on what I was experiencing in my life at different phases. Staying informed as a leader gives you the advantage of recognising shifts in corporate/customer dynamics at agrassroots level, she asserts. and provide personalised recommendations. References. The rest is up to you. Ms Tandon defines tenacity and boldness characteristics that many of our Scholars also embody, says Terrence J Giroux, executive director, Horatio Alger Association. Nooyi was named on Wall Street Journal's list of 50 women to watch in 2007 and 2008. When Indra Nooyi's mother found out that the Pepsi CEO would be sharing the stage with actress Priyanka Chopra, her response was: "Tell Priyanka to get married and settle down." That didn't come as a surprise to Nooyi, considering her . Nooyi, who turned 66 in October, is currently on the boards of Amazon, Philips and the International Cricket Council. Pepsi CEO Indra Nooyi is stepping down after 24 years with the company see her life and career, from moving to the US at age 22 to earning $31 million last year. Building a culture of ownership. Nooyi, CEO of PepsiCo, and her sister Tandon, Grammy nominee and trustee of NYU. Suri shares that such an approach ensures engaged, loyal and more productive employees. It doesnt matter what you, as a leader of a family or corporation, tell people; its what you show them that registers. An absolute dream come true for her, and no greater joy for a mother than to see her daughter realise her dreams. Indra found this to be a challenging position, as advertising womens feminine products was not allowed in India. DNA: PM Modi's scathing attack on the opposition. For a long time, investors have been enamored of PepsiCo for its bold strategic moves and steady, reliable growth. Indra Nooyi's leadership style gave her the possibility of being a successful businesswoman and the former CEO of PepsiCo, Inc. She was born in Madras (now Chennai), India to an engineer father and housewife mother on October 28, 1955. BJP leader, journalists booked for fake migrant workers attack reports in Tamil Nadu, WATCH: Sarpanches protesting at Chandigarh-Panchkula border against Haryana's e-tendering policy detained by police, CBSE Class 10th Science Question Paper 2023 easy with direct questions, check student and expert analysis. Chanting was all around me. "I believe we need an approach like this to attack obesity. The grains were poured into glass or aluminum canisters in the kitchen, the paper folded, the twine made into a ball, and both left on the shelf to be used again. He was a quiet man with a wicked sense of humor, filled with wisdom. I was a middle child, dark-skinned, tall and skinny. Its a bookkeeping system that she set up intuitively, and still amazing to me that she developed it with no training at all in accounting. Spirituality and chanting have been the twin graces of Tandons life, be it starting the day with pranayama or creating a musical choir for seniors at Indra Krisnamurthy was born in Madras (now called Chennai), India, on October 28, 1955. A dinner gathering at her house is as likely to include Tony Blair and government ministers from India or Mexico as traditional pinstriped business types. We snoozed; we tussled. Day after day, each meal was uniquely prepared, eaten and cleaned up, with no leftovers. P.G.D.M. Her departure leaves only 24 women leading Fortune 500 companies, after Beth Ford became the CEO of Land O'Lakes just last week. By Indra Nooyi. He had studied math and law, and, for decades, was a district and sessions judge deciding both civil and criminal cases. It was an iterative and very collaborative process, which was extremely rewarding. We had no refrigerator. They planned meals, compared their childrens grades, and pored over Indian horoscopes to find suitable matches for their daughters or the other young people in their extensive family networks. And when I come back, Im hopping mad. in Business Wisdom. At around 8 pm, we ate dinner together, although Amma would serve us first and eat later. Indra Nooyi- Honors & Awards. She grew up in a home that thrived on music but she never got the opportunity to follow that path as she pursued her business education. My family belonged to the Samaveda lineage, where ancient Vedic mantras are sung with a tune and meter in a most breathtakingly beautiful way, she recalls. We lit candles and lanterns. with musicians, most of whom I had already worked with. Life was frugal, but a sense of clockwork discipline bound Nooyi, her sister Chandrika, and brother, Nandu one that was silently instilled by their pragmatic parents, under the watchful eyes of thatha (grandfather). Former PepsiCo CEO Indra Nooyi has called the coming decades "the decades of women" as economies move into a new phase of growth. Leadership Indra Nooyi reflects on her time as . 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. She sings karaoke; she plays electric guitar. He told me he never wanted me to have to put my hand out and ask for money from anyone other than my parents. Please fill up the form for authorized use of the content. Parents, grandparents, aunts and uncles gathered to watch, holding bits of torn newspaper scrawled with the words one ticket. They felt free to critique our shows, or to start chatting, or simply walk away. A post shared by Navya Naveli Nanda (@navyananda), Adding more, former Pepsi Co CEO said, What I loved is after every meeting, writing action items, following up, coming back to me about the progress they've made. Raj, 63, attended college in the United States. That was exhilarating for me personally as I was struck by the very concrete and dramatic impact that one could create with focused attention and the extraordinary opportunity financial services presented, as it was a very inefficient industry with a history of regulation. We were in motion, laughing and carrying on to our next game. I adored and revered Thatha, whose full name was A. Narayana Sarma. Indra Nooyi accomplished all of that and much more in her tenure as PepsiCo CEO. Most recently, Nooyi was chairman and . NBA confirms L.A. 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Tandon grew up in a middle-class family where the children despite simple beginnings went on to scale greater heights - (her sister Indra Nooyi has been the president and CEO of PepsiCo and her brother Nandu Narayanan heads Trident Investment Management). Before we slept, we had to tell our prayers loudly so my mother could hear them the Lords Prayer, which we also recited at school, and then a couple of Sanskrit prayers. Tandon was the first female partner at McKinsey to give birth and bringing it full circle, her daughter Lita, who also works at McKinsey, gave birth to her first child, making Tandon arecentgrandmother. Decision-making as an art and a . Indra Nooyi, the former CEO of PepsiCo, may have headed a multi-billion dollar corporation but when it came to managing her household, she was told to "leave her crown outside . Then we sat on the floor at Thathas feet to do our homework, even though we had our own desks. 2. For a dozen years as one of the world's most admired CEOs, Indra Nooyi redefined what it means to be an exceptional leader. He often allowed me to tag along with him. She rememberedthat a movie theatre she and her friend visitedwas destroyed the very next day. She has installed an Italian native, Massimo d'Amore, atop the division that includes the troublesome U.S. soft drink business, and recruited a former Mayo Clinic endocrinologist to head up R&D. All the major prayers like the Vishnu Sahasranamam were chanted in our home every day.. She replied, It can wait. As we worked through rehearsals, different ideas emerged about what worked on stage. Like many houses in India at the time, Lakshmi Nilayam, as our house was named, also had a mens living rooma vast hall with big square windows directly off the entry portico where it was easy to keep an eye on who came and went. Nooyi earned a bachelor's degree in chemistry from Madras Christian College in . Morningstar: 2018 Her parents encouraged her from early childhood onward with math . She then went on to work for Johnson & Johnson as brand manager overseeing the companys Stayfree account. Don't . DNA: 'Soft corner' for China in Rahul's heart? The trade fair was a three-day event which took place in the presence of leading manufacturers and traders of readymade and unstitched garments of ladies, gents and kids. Updated on: 28 September,2021 10:53 AM IST  |  Mumbai experience for themselves and the audience. Yet in spite of time constraints, she managed to find noted gurus and pursued classical music even as she grew her business and nurtured her family. The above address is for mailing and administrative purposes. their own journeys, in finding the light much sooner than I did. She is a well-known Indian-American entrepreneur who served as the former chairman and chief executive officer (CEO) of the global corporation PepsiCo from 2007 to 2018. 2023 Cond Nast. By Karen Guzman. I saw a major entrepreneurial opportunity.. The clerk would wrap up the lentils, rice or pulses into a newspaper curled into a cone, and tie it with twine at the top. When they'd been kicked out of a board meeting the previous month while their fates were being discussed, they went to the Jersey Boys musical on Broadway and sang along to all the Frankie Valli songs. from Madras Christian College in 1974 P.G.D.M. This was pre-liberalisation India, before Madras was Chennai. She told her mother the news, that she'd just been named the president of PepsiCo and her mother just wanted her to go out for milk. Life is certainly much more than the next big business deal or the next acquisition. She was born in October 1955 in Chennai (Madras). She currently resides in Greenwich, Connecticut with her husband of 35 years Raj K. Nooyi and has two daughters. We swayed and sang our school songs. She became the company's president and chief financial officer (CFO) in 2001. I'd followed my career mindlessly . Nooyi has continually adjusted the company's worldwide strategy throughout her tenure as CEO. My goal Navya Nanda is the granddaughter of Amitabh . At a recent performance of And it affects all parts of my lifemy business, my family, my friendships, everything. My paternal grandfather, a retired district judge, had used all of his savings to design and construct this grand, two-story residence, with its terrace and balconies. As far as I could tell, she never missed a beat. As a vegetarian who for years has been talking about the importance of "gut health," she's not who you'd think would be leading a maker of sugary soda and salty snacks - but that's why she's taking the company in a different direction. Shed be dressed and in the kitchen when the milk was carried in, and soon deliver the first cup of coffee to Thatha and my father. She is a Successor Fellow of the Yale Corporation and was appointed by The Obama Administration to the U.S.-India CEO Forum. A New York Times Bestseller An intimate and powerful memoir by the trailblazing former CEO of PepsiCo For a dozen years as one of the world's most admired CEOs, Indra Nooyi redefined what it means to be an exceptional leader. program support for after-school classes, health, and With the U.S. marketplace in slow-growth mode even in the best of times, the biggest opportunities are overseas. Thats where my mother kept the household running, with the help of Shakuntala, a young woman who did the dishes at the outdoor sink and swabbed the floors. Last year, she received the 2019 Horatio Alger Award, which honors outstanding leaders who have accomplished great successes in spite of adversity. She says she asked the board to increase White's compensation to nearly match hers (Nooyi's 2006 compensation: $7.1 million). This has become the prism with which I view my whole life and Wife, mother, grandmother. In a fascinating interview filled with delightful anecdotes of her childhood, her school days and her career, the former CEO and Chairperson of Pepsico has s. As was the tradition in families like ours, Amma and the baby spent a couple of months at her parents home, a period when my father did a lot of the chores and got Chandrika and me off to school. Its when leaders stop coming from the space of I know better or I know it all, that the paradigm shifts towards growth. Through all of this, she reminds us, her family two daughters, husband, parents and siblings continues to occupy centrestage. For a dozen years as one of the world's most admired CEOs, Indra Nooyi redefined what it means to be an exceptional leader. whom she later credited as an inspiration, was a district judge. The children were given various responsibilities for household chores from the age of 6-7 but their . An intimate and powerful memoir by the trailblazing former CEO of PepsiCo. If the power was on, a fan turned lazily overhead, pretending to break the heat when the overnight temperature was 85F (29.5C). I had no idea who Navya Nanda was when I was mentoring her. B.S. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. under which this service is provided to you. The former CEO of PepsiCo had shared a stage with Priyanka in July 2018, during the Forbes Women Summit held in New York City. He checked our work regularly. Tuesday, Mar. Prices are soaring for its main ingredients, commodities like corn and cooking oil. for only $11.00 $9.35/page. Aara Health is an organisation co-founded by Navya along with Mallika Sahney, Pragya Saboo and Ahilya Mehta . 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. By continuing to use our website, you agree Compassion allows you to give completely of yourself., (Right) Chandrika Tandon performing Shivoham at the Kennedy Center. She has been ranked 13 on theForbeslist of the Worlds 100 most powerful women. Nooyi served as the company's CEO (2006-18) and chairman of the board (2007-19). Nooyi learned that simplifying messages means that you start with the big picture--the conclusion. But theres more to life than the next big business deal. None of us liked that at all. The best music comes when I dont exist. Nevertheless, growing up the first girl child in a traditional Tamil Brahmin family in Chennai, conservatism ruled. When he talked, no one else did. My childhood home was defined by particularly progressive thinking when it came to educating women. Indra Nooyi had shared a stage with Priyanka Chopra in 2018 at an event. She has been featured in Forbes' "The World's 100 Most Powerful Women," Fortune' s . 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. My father, an unusual man for the times, was around too, assisting with the chores and helping care for the children. Ours was the big, airy house where a dozen cousins would gather for festivals and holidays. "Fast forward to today where most of the ESG metrics are focused on this very topic . This is our original content. A New York Times Bestseller An intimate and powerful memoir by the trailblazing former CEO of PepsiCo For a dozen years as one of the world's most admired CEOs, Indra Nooyi redefined what it means to be an exceptional leader. The incident is from the day when Nooyi was informed by the CEO of PepsiCo that she would be the president of the Fortune 500 company and would also be appointed to the board of directors. Indra Nooyi, (born October 28, 1955, Madras [now Chennai], India), Indian-born American businesswoman who was instrumental in the lucrative restructuring and diversification of soft-drink manufacturer PepsiCo, Inc.'s brands. The stove was fueled with kerosene and the fumes could be overpowering. Every month, my father handed his paycheck to my mother, who handled the everyday expenses. Aara Health is an organisation co-founded by Navya along with Mallika Sahney, Pragya Saboo and Ahilya Mehta in 2020. 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. Nooyi discusses her trajectory to become the first woman of color and immigrant to run a Fortune 50 company, the difficulties that came with managing a . She began her career with PepsiCo in 1994 as Senior Vice President of Strategic Planning and was promoted to Senior Vice President of Corporate Strategy and Development in 1996. By the time I turned 7, I was often sent to the grocery store a few blocks away to drop off a list of items for home delivery or pick up a few things. With her elevation to the post, PepsiCo became the second-largest company in the United States with a female CEOthe largest if a ranking of companies by total stock value was used. For the unversed, megastar Amitabh Bachchan's granddaughter, Navya Naveli Nanda turned entrepreneur from a young age. She grew up in a home that thrived on music but never followed that path, engaged as she was with building a career. An experienced leader in the business world, Indra Nooyi has held executive positions at major companies all over the world. She speaks about biases she fights, the influence of "Bengali culture" in her life and . The company increased its revenue by 80% during her revenue. It permeates all aspects of my being. Indra Nooyi's clearly Chennai's Beti No 1. Chandrika Tandon is Vice Chairman of the Board of Trustees of NYU, Chairman of the NYU Presidents Global Council, and Chairman of NYU Tandon School of Engineering, and serves on the Business School and Medical School/ Hospital Boards. Privacy Policy. Indra seems to understand this instinctively.". In addition to her work at PepsiCo Indra serves on numerous boards including the PepsiCo board of Directors, U.S.-China Business Council, U.S.-India Council and The Consumer Goods Forum. If the forest were only filled with nightingales, it would be a very boring forest indeed. He was entirely dedicated to his young grandchildren, introducing us to ever-more-sophisticated books and ideas, explaining geometry theorems, and pressing for detail and clarity on our school efforts. "You have to relate your interests to the interests of other parts of the world - to be relevant in their societies. Life was frugal, but a sense of clockwork discipline bound Nooyi, her sister Chandrika, and brother, Nandu one that was silently instilled by their pragmatic parents, under the watchful eyes . Growing up as the first girl child in a traditional Tamil Brahmin family in Chennai, she was made to understand that an early arranged marriage was her destiny, with her mothergathering stainless steel utensilsfrom birth,for her eventual trousseau right when she was sixteen. From her school and college days in Madras/Chennai to her B-school years in IIM Calcutta, a sales trainee in Mumbai, and an immigrant student at Yale, it charts her ascent as a diligent, hard-working strategist who rose through the ranks at Motorola, The Boston Consulting Group, ASEA Brown Boveri and PepsiCo. Its something that happens once in a lifetime. She is not hung up on pay. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. of the universe (earth, water, fire, air, and space), can help get rid of negative emotions. Ad Choices, Actor Graham McTavish Planned a Scottish Castle Wedding for His Bride Garance Dor, 70 Incredible Forgotten Photos From Vintage Oscar Nights, Phil Ohs Best Street Style Photos From the Fall 2023 Shows in Paris. Last year she spent $1.3 billion on acquisitions like Naked Juice, a California maker of soy drinks and organic juice. We are little republics. How IIT Delhis Programme in Entrepreneurship Development will help to build businesses? Cable News Network. in leaving McKinsey was to solely focus on this idea and invest in the institutions I worked with to create value, either in the form of equity, phantom equity, or performance-based incentives.