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Indra Nooyi (née Krishnamurthy; born October Website

28, 1955) is an Indian-American business
executive who was the chairman and chief
executive officer (CEO) of PepsiCo.[3][4][5]
Indra Nooyi
Born
Indra Krishnamurthy
https://www.indranooyi.com/
She has consistently ranked among the world's
100 most powerful women.[6] In 2014, she was
ranked at number 13 on the Forbes list of The
World's 100 Most Powerful Women[7] and was
ranked the second most powerful woman on
the Fortune list in 2015 and 2017.[8][9] She also
serves on the boards of Amazon and the
International Cricket Council.[10][11]

October 28, 1955 (age 67)

Madras, Madras State, India Early life

(now Chennai, Tamil Nadu) Edit
Nooyi was born on October 28, 1955 in a Tamil
Hindu Brahmin family in Madras (now known as
Chennai), Tamil Nadu, India.[12][13][14] Nooyi
did her schooling in Holy Angels Anglo Indian
Higher Secondary School in T. Nagar.[15]
In an interview in 2015 with business insider,
Nooyi's mother was a home maker. While not
having a former education herself, her mother
devised novel strategic games at dinner that
would install great confidence in her daughters.
When Nooyi and her sister were just 8-11 years
old, their mother instructed them to write a
speech about what they would do if they held a
position of power such as president, or prime
minister. That confidence was strengthened by
her paternal grandfather, a charismatic judge,
where she issued punishment for lacking in
performance in a task she had completed. He
would make her write "I will not make excuses"
200 times on a piece of paper.[16][17]
Education
Edit
While completing her studies Nooyi played
guitar in a band, and excelled at cricket.[18]
Nooyi received bachelor's degrees in physics,
chemistry and mathematics from Madras
Christian College of the University of Madras in
1975, and a Post Graduate Programme Diploma
from Indian Institute of Management Calcutta
in 1976.[19]
In 1978, Nooyi was admitted to Yale School of
Management and moved to the United States,
where she earned a master's degree in public
and private management in 1980.[20]
Career
Edit
Beginning her career in India, Nooyi held
product manager positions at Johnson &
Johnson and the textile firm Beardsell Ltd.
While attending Yale School of Management,
Nooyi completed a summer internship with
Booz Allen Hamilton.[20] In 1980, Nooyi joined
the Boston Consulting Group (BCG) as a strategy
consultant,[21] and then worked at Motorola as
vice president and Director of Corporate
Strategy and Planning,[21] followed by a stint at
Asea Brown Boveri.[22]
PepsiCo
Edit
Nooyi joined PepsiCo in 1994, and was named
CEO in 2006,[23] replacing Steven Reinemund,
becoming the fifth CEO in PepsiCo's 44-year
history.[24] Prior to becoming CEO, Nooyi
served as president and chief financial officer,
beginning in 2001, she was also named to
PepsiCo's board of directors. Between February
2000 and April 2001, Nooyi was senior vice
president and chief financial officer of PepsiCo.
She also served as PepsiCo's senior vice
president for corporate strategy and
development from 1996 until 2000, and as
PepsiCo's senior vice president for strategic
planning from 1994 until 1996. Nooyi 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.[25] The financial gains from
this spinoff allowed the company to increase
the pace of its share buyback strategy, thereby
giving it more leverage to pursue future
acquisitions without as much shareholder
backlash.[26] Nooyi also took the lead in the
acquisition of Tropicana in 1998,[27] and the
merger with Quaker Oats Company, which also
brought Gatorade in 2001.[28] The $3.3 billion
acquisition of Tropicana initially faced
opposition from other PepsiCo executives and
Wall Street critics.[29] The Quaker Oats
Company's ownership of Gatorade was a
positive strategic move for PepsiCo, since
Gatorade was responsible for 80% of sports
drink sales at the time.[30] Similar to the
Tropicana acquisition, this strategic move gave
PepsiCo leverage against Coca-Cola, owner of
Powerade – second in the sports drink segment.
[31] PepsiCo's annual net profit rose from $2.7
billion to $6.5 billion.[32][33]
Nooyi was named on Wall Street Journal's list of
50 women to watch in 2007 and 2008,[34][35]
and was listed among Time's 100 Most
Influential People in The World in 2007 and
2008. Forbes named her the #3 most powerful
woman in 2008.[36] In 2014, she was ranked
#13 by Forbes.[7] Fortune ranked her the #1 in
the list of Most Powerful Women in Business in
2009 and 2010. On October 7, 2010, Fortune
magazine ranked her the 6th most powerful
woman in the world.[37][38] In Fortune's Most
Powerful Women List of 2015, Nooyi ranked
second.[39]
Nooyi's strategic redirection of PepsiCo, called
Performance with a Purpose,[40] has been
largely successful and involved creating long-
term growth while leaving a positive impact on
society and the environment.[41] She
reclassified PepsiCo's products into three
categories: "fun for you" (such as potato chips
and regular soda), "better for you" (diet or low-
fat versions of snacks and sodas), and "good for
you" (items such as oatmeal). Her initiative was
backed up with ample funding. She moved
corporate spending away from junk foods and
into the healthier alternatives, with the aim of
improving the healthiness of even the "fun"
offerings.[33][42] In 2015, Nooyi removed
aspartame from Diet Pepsi.[39]
As part of Performance with a Purpose, Nooyi
also focused on environmental concerns and
sustainability, redesigning packaging to reduce
waste, conserving water, switching to
renewable energy sources and recycling. In
2020, company-operated U.S. facilities are using
100% renewable electricity.[43] The third
component of Performance with a Purpose
involved creating a culture where workers were
encouraged to stay with the company. As one
example, Nooyi wrote to the parents of her
leadership team and visited their homes to
create the personal connection.[43]
Nooyi has stated an intent to develop a line of
snacks marketed specifically for women, feeling
that it is a hitherto unexplored category. In a
radio interview, Nooyi stated that PepsiCo is
getting ready to launch products designed and
packaged as per women's preferences, and
based on behavioral differences in the way men
and women consume snacks.[44]
Nooyi is also the co-chair of Connecticut-based
nonprofit organization AdvanceCT.[51]

At one point, PepsiCo even considered changing

its name and move away from its namesake
cola, but the health push faltered.[45] On
August 6, 2018, Nooyi stepped down as CEO,
and Ramon Laguarta, a 22-year veteran of
PepsiCo, replaced her on October 3, as well as
becoming a member of the board of directors.
However, Nooyi continued to serve as the
chairman of the company until early 2019.[46]
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.[47]
Remuneration
Edit
While CEO of PepsiCo in 2011, Nooyi earned
$17 million, which included a base salary of $1.9
million, a cash bonus of $2.5 million, pension
value and deferred remuneration of $3 million.
[52] By 2014, her total remuneration had grown
to $19,087,832, including $5.5 million of equity.
[53]

Connecticut public service

Awards and recognition
Edit
Edit
In 2019, Nooyi became the co-director of the
In January 2008, Nooyi was elected chairwoman
newly created Connecticut Economic Resource
of the U.S.-India Business Council (USIBC). Nooyi
Center, a public-private partnership with the
leads USIBC's Board of Directors, an assembly of
Connecticut Department of Economic and
more than 60 senior executives representing a
Community Development.[48] She will help
cross-section of American industry.[54][55]
draft the state's new economic development
strategy. Nooyi is a resident of Connecticut and
a Yale SOM classmate of Connecticut Governor
Ned Lamont.[49] In 2008, she was elected to the Fellowship of
the American Academy of Arts and Sciences.
[56]
In April 2020, it was announced that Nooyi –
along with Yale epidemiologist Dr. Albert Ko –
will represent Connecticut on the six-state In 2008, Nooyi was named one of America's
working group planning for the careful easing of Best Leaders by U.S. News & World Report.[57]
COVID-19 restrictions. Both Nooyi and Ko will
also co-chair the Reopen Connecticut Advisory
Group.[50]
Nooyi was named CEO of the Year by the Global
Supply Chain Leaders Group in July 2009.[58]
In 2019 Nooyi received the Bower Award for
Business Leadership from the Franklin Institute
Awards Program.[70][unreliable source?]
In 2009, Nooyi was considered one of "The
TopGun CEOs" by Brendan Wood International,
an advisory agency.[59][60]
In February 2020, Nooyi was honored with the
Outstanding Woman in Business award by the
League of Women Voters of Connecticut.[71]
Fortune magazine has named Nooyi number
one on its annual ranking of Most Powerful
Women in business for 2006, 2007, 2008, 2009
and 2010.[61][62][63][64] In 2021, Nooyi was inducted into the National
Women's Hall of Fame.[72]

Nooyi was named to Institutional Investor's Best

CEOs list in the All-America Executive Team
Survey in 2008 to 2011.[65] After five years on
top, PepsiCo's Indian American chairman and
CEO Indra Nooyi has been pushed to the second
spot as most powerful woman in US business by
Kraft's CEO, Irene Rosenfeld.[66]
In 2022, Nooyi was honored with Golden Book
Awards.[73]
In 2020 Nooyi was named as part of the Prince
William Earthshot Prize Council.[74]

Forbes magazine ranked Nooyi on the 2008 Year Name Awarding organization Ref.
through 2017 lists of The World's 100 Most
2019 Honorary Doctorate of Humane Letters
Powerful Women.[7][67]
Yale University [75]

2018 Honorary Degree Cranfield

Nooyi was named one of the "Best CEOs In The University [76]
World" by the CEOWORLD magazine in 2018.
2015 Honorary Doctorate of Humane Letters
[68]
State University of New York at
Purchase [77]

Nooyi was selected as one of the 2019 2013 Honorary Degree North Carolina
American Portrait Gala honorees by the State University [78]
Smithsonian's National Portrait Gallery. The oil
2011 Honorary Doctor of Laws
on canvas work created in 2019 by Jon R.
University of Warwick [79]
Friedman was commissioned by the museum to
be part of the collection.[69]
2011 Honorary Doctorate of Law Miami
University [80]
From April 2015 until April 2020, she was a
2010 Honorary Doctorate of Humane Letters director of Schlumberger Limited.[89]
Pennsylvania State University [81]

2009 Honorary Degree Duke University

[82] In June 2016, she was part of the inaugural
team on the Temasek Americas Advisory Panel.
2009 Barnard Medal of Honor Barnard [90]
College [83]

2008 Honorary Degree New York

University [84] In December 2016, Nooyi joined a business
forum assembled by Donald Trump to provide
2007 Padma BhushanPresident of India strategic and policy advice on economic issues.
[85] [91]

2004 Honorary Doctor of Laws Babson

College [86]
In June 2018, Nooyi joined the International
Cricket Council Board as the organization's first
independent female director.[92]
Memberships and associations

Edit
Nooyi is a Successor Fellow of the Yale
Corporation.[87] She serves as a member of the
Foundation Board of the World Economic
Forum, International Rescue Committee,
Catalyst[88] and the Lincoln Center for the
Performing Arts. She is also a member of the
Board of Trustees of Eisenhower Fellowships,
and has served as chairman of the U.S.-India
Business Council.
Since February 2019, Nooyi has been a member
of the board of directors at Amazon.[89][93]
Nooyi also serves as the Class of 1951 Chair for
the Study of Leadership at West Point,[94] a
Dean's Advisory Council member at MIT's
School of Engineering,[95] and a member of the
MIT Corporation.[96]

Nooyi serves as an Honorary Co-chair for the

World Justice Project. The World Justice Project Personal life
works to lead a global, multidisciplinary effort
to strengthen the Rule of Law for the Edit
development of communities of opportunity
Indra married Raj K. Nooyi, president at AmSoft
and equity.
Systems, in 1981.[97] Nooyi has two daughters
and resides in Greenwich, Connecticut.[98] RELATED ARTICLES
Forbes ranked her at the third spot among
"World's Powerful Moms" list.[99] She is a Forbes list of the World's 100 Most Powerful
Hindu by faith and abstains from alcohol.[100] Women

Ranking published by Forbes magazine

Her older sister Chandrika Krishnamurthy

Tandon is a businesswoman and also a Leena Nair
Grammy-nominated artist.[101] South Indian
Carnatic musician Aruna Sairam is Indra's British-Indian businesswoman (born 1969)
cousin.[102]

Ramon Laguarta
In India, she used to play cricket and was also in
Spanish business executive
an all-girl rock band, where she played guitar.
[103]

Wikipedia
Philanthropy Content is available under CC BY-SA 4.0 unless
otherwise noted.
Edit
Privacy policy Terms of UseDesktop
In 2016, Nooyi gifted an undisclosed amount to
her alma mater, The Yale School of
Management. She became the school's biggest
alumni donor in history and the first woman to
endow a deanship at a top business school with
her gift.[104][105][better source needed]

See also

References

External links

Last edited 30 days ago by Kuru