Indra Nooyi

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Indra Nooyi

Nooyi at the World Economic Forum annual meeting in Davos, Switzerland, January 2010
Born (1955-10-28) 28 October 1955
Madras, Tamil Nadu, India
Residence Purchase, New York
Citizenship United States[1]
Alma mater Madras Christian College
IIM Calcutta
Yale School of Management
Occupation Chairperson & CEO of PepsiCo

Indra Krishnamurthy Nooyi (born 28 October 1955) is an Indian-American business executive and the current Chairperson and Chief Executive Officer of PepsiCo, the second largest food and beverage business in the world by net revenue.[2] According to Forbes, she is consistently ranked among the World's 100 Most Powerful Women.[3] In 2013, she has been ranked 10th in the list of Forbes World's 100 most powerful women.

Early life and career

Nooyi was born in Madras (presently Chennai), Tamil Nadu, India. She was educated at Holy Angels Anglo Indian Higher Secondary School in Madras. She received a Bachelor's degree in Physics, Chemistry and Mathematics from Madras Christian College in 1974 and a Post Graduate Diploma in Management (MBA) from Indian Institute of Management Calcutta in 1976.[4] Beginning her career in India, Nooyi held product manager positions at Johnson & Johnson and textile firm Mettur Beardsell. She was admitted to Yale School of Management in 1978 and earned a Master's degree in Public and Private Management. While at Yale, she completed her summer internship with Booz Allen Hamilton.[5] Graduating in 1980, Nooyi joined the Boston Consulting Group (BCG), and then held strategy positions at Motorola and Asea Brown Boveri.[6]

PepsiCo executive

Nooyi joined PepsiCo in 1994 and was named president and CFO in 2001. Nooyi has directed the company's global strategy for more than a decade and led PepsiCo's restructuring, including the 1997 divestiture of its restaurants into Tricon, now known as Yum! Brands. Nooyi also took the lead in the acquisition of Tropicana in 1998,[7] and merger with Quaker Oats Company, which also brought Gatorade to PepsiCo. In 2006 she became the fifth CEO in PepsiCo's 44-year history.[8]

According to BusinessWeek, since she started as CFO in 2000,[9] the company's annual revenues have risen 72%, while net profit more than doubled, to $5.6 billion in 2006.[10]

Nooyi was named on Wall Street Journal's list of 50 women to watch in 2007 and 2008,[11][12] 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.[13] Fortune ranked her the #1 most powerful woman in business in 2009 and 2010. On the 7th of October 2010 Forbes magazine ranked her the 6th most powerful woman in the world.[14][15]

Compensation

While CEO of PepsiCo in 2011, Nooyi earned a total compensation of $17 million which included a base salary of $1.6 million, a cash bonus of $2.5 million, pension value and deferred compensation was $3 million.[16]

Honours, awards and international recognition

Forbes magazine ranked Nooyi fourth on the 2008 and 2009 list of The World's 100 Most Powerful Women.[17] Fortune magazine has named Nooyi number one on its annual ranking of Most Powerful Women in business for 2006, 2007, 2008, 2009 and 2010.[18][19][20][21] In 2008, Nooyi was named one of America's Best Leaders by U.S. News & World Report.[22] In 2008, she was elected to the Fellowship of the American Academy of Arts and Sciences.[23]

In January 2008, Nooyi was elected Chairwoman of the US-India Business Council (USIBC). Nooyi leads USIBC's Board of Directors, an assembly of more than 60 senior executives representing a cross-section of American industry.[24][25]

Nooyi has been named 2009 CEO of the Year by Global Supply Chain Leaders Group.[26]

In 2009, Nooyi was considered one of "The TopGun CEOs" by Brendan Wood International, an advisory agency.[27][28] In 2010 she was named #1 on Fortune's list of the "50 Most Powerful Women" and #6 on Forbes' list of the "World's 100 Most Powerful Women".[29][30] 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.[31]

Nooyi was named to Institutional Investor's Best CEOs list in the All-America Executive Team Survey in 2008 to 2011.[32]

Year Name Awarding organization Ref.
2013 Honorary Degree North Carolina State University. [33]
2011 Honorary Doctor of Laws Wake Forest University. [citation needed]
2011 Honorary Doctor of Laws University of Warwick. [34]
2011 Honorary Doctorate of Law Miami University. [35]
2010 Honorary Doctorate of Humane Letters Pennsylvania State University. [36]
2009 Honorary Degree Duke University. [37]
2009 Barnard Medal of Honor Barnard College. [38]
2008 Honorary Degree New York University. [citation needed]
2007 Padma Bhushan President of India. [39]
2004 Honorary Doctor of Laws Babson College. [40]

Memberships and Associations

Nooyi is a Successor Fellow of the Yale Corporation.[41] She serves as a member of the Foundation Board of the World Economic Forum, International Rescue Committee, Catalyst[42] 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 Chairperson of the U.S.-India Business Council.

Nooyi serves as an Honorary Co-Chair for the World Justice Project. The World Justice Project works to lead a global, multidisciplinary effort to strengthen the Rule of Law for the development of communities of opportunity and equity.

Popular culture and shows

Nooyi has also been mentioned in two episodes of the hit CW show, Gossip Girl, where one of the main characters, Blair Waldorf, plans to get an internship under her.[43]

Personal life

Nooyi is married to Raj K. Nooyi. They have two daughters and reside in Greenwich, Connecticut. One of her daughters is currently attending the School of Management at Yale, Nooyi's alma mater.[44] Forbes ranked her at the 3rd spot among 'World's Powerful Moms' list.[45]

Her elder sister Chandrika Krishnamurthy Tandon is a well-known singer.[46]

Notes

  1. ↑ The TIME 100
  2. ↑ "PepsiCo, Inc. (NYSE:PEP) : Second Quarter 2010 Earnings Preview". IStock Analyst. 15 July 2010. Retrieved 11 December 2010. 
  3. ↑ Sellers, Patricia (2012-10-02). "Forbes Magazine's List of The World's 100 Most Powerful Women". Forbes. 
  4. ↑ [http://www.notablebiographies.com/newsmakers2/2004-Ko-Pr/Nooyi-Indra.html, Notable Biographies]
  5. ↑ Sellers, Patricia (2006-10-02). "It's good to be the boss". CNN. 
  6. ↑ "Alumni Leaders — Indra Nooyi '80". Yale School of Management. Retrieved 2009-07-09. 
  7. ↑ Levine, Greg (2006-08-14). "'Power Women' Member Nooyi To Lead 'Platinum' Pepsi". Forbes. Retrieved 2007-09-10. 
  8. ↑ "Indra Nooyi, Chairman and CEO of PepsiCo, Named CEO of the Year by GSCLG". Marketwire. 2009-09-09. Retrieved 2009-07-09. 
  9. ↑ "Forbes Profile: Indra Nooyi". Retrieved 2007-12-09. 
  10. ↑ Brady, Diane (2007-06-11). "Indra Nooyi: Keeping Cool In Hot Water". BusinessWeek. Retrieved 2009-07-10. 
  11. ↑ McKay, Betsy (2008-22-19). "The 50 Women to Watch 2007". Wall Street Journal. Retrieved 2009-07-10. 
  12. ↑ Crittenden, Michael R. (2008-11-10). "The 50 Women to Watch 2008". Wall Street Journal. Retrieved 2009-07-10. 
  13. ↑ The 100 Most Powerful Women, Forbes.com
  14. ↑ The 50 Most Powerful Women in Business, Fortune.com
  15. ↑ « The World's 100 Most Powerful Women », peoplestar.co.uk, Retrieved on 2010-10-11.
  16. ↑ PepsiCo CEO Nooyi gets $17 mn in compensation | NDTV.com
  17. ↑ "The 100 Most Powerful Women: #3". Forbes. 2008-08-27. Retrieved 2008-08-27. 
  18. ↑ "50 Most Powerful Women 2006: #1". CNN. Retrieved 2009-09-22. 
  19. ↑ Benner, Katie; Levenson, Eugenia; Arora, Rupali. "50 Most Powerful Women 2007: #1". CNN. Retrieved 2009-09-22. 
  20. ↑ Shambora, Jessica; Kowitt, Beth (2008-10-16). "50 Most Powerful Women 2008: #1". CNN. Retrieved 2009-09-22. 
  21. ↑ Shambora, Jessica; Kowitt, Beth (2009-09-15). "50 Most Powerful Women 2009: #1". CNN. Retrieved 2009-09-22. 
  22. ↑ "America's Best Leaders: Indra Nooyi, PepsiCo CEO". Retrieved 2008-11-20. 
  23. ↑ "Academy Announces 2008 Class of Fellows". American Academy of Arts & Sciences. 2008-04-28. Retrieved 2009-07-09. 
  24. ↑ "PepsiCo’s Indra K. Nooyi Elected Chairman of U.S.-India Business Council" (PDF) (Press release). U.S. Chamber of Commerce. 2009-01-23. Retrieved 2009-07-09. 
  25. ↑ "USIBC Leads U.S. Commercial Nuclear Executives to Help Implement Historic Nuclear Deal" (Press release). U.S. Chamber of Commerce. 2009-01-16. Retrieved 2009-07-09. 
  26. ↑ India-born Indra Nooyi named CEO of the year
  27. ↑ The Market's Best Managers - Forbes.com, Forbes.com
  28. ↑ Brendan Wood International Announces 24 TopGun CEOs in the US, Reuters.com
  29. ↑ "The World's 100 Most Powerful Women". Forbes. 
  30. ↑ Shambora, Jessica; Kowitt, Beth (2010-09-30). "50 Most Powerful Women". CNN. 
  31. ↑ "Indra Nooyi second most powerful woman in US business". Indiavision news. Oct 1, 2011. 
  32. ↑ The All-America Executive Team Best CEOs, InstitutionalInvestor.com
  33. ↑ http://news.ncsu.edu/releases/freelon-to-speak-at-nc-state-commencement/.  Missing or empty |title= (help)
  34. ↑ "University of Warwick 2011: Citations for Medalists". 
  35. ↑ "Miami University 2011: Citations for Medalists". 
  36. ↑ "Pennsylvania State 2010: Citations for Medalists". 
  37. ↑ "Duke University Commencement 2009: Citations for Medalists". 
  38. ↑ "Barnard College Commencement 2009: Citations for Medalists". 
  39. ↑ [[http://www.hindustantimes.com/Search/Search.aspx?q=Aloke%20Tikku&nodate=1|Tikku, Aloke]] (2007-02-23). "Khushwant, Karnik, Nooyi, Remo, Mittal on Padma list". Hindustan Times. Retrieved 2009-07-09. 
  40. ↑ "Babson College Commencement 2004: Citations for Medalists". 
  41. ↑ "PepsiCo president Indra Nooyi elected to Yale Corporation". Yale Bulletin & Calendar. 30 August 2002. Retrieved 6 July 2009. 
  42. ↑ "Board of Directors". Catalyst. Retrieved 2009-07-09. 
  43. ↑ I tried to be Indra Nooyi, and while I admit that choice might h... - TV Fanatic
  44. ↑ Credeur, Mary Jane (15 August 2006). "Pepsi's Indra Nooyi Led Non-Soda Growth; Women CEO Exemplar". Bloomberg, L.P. Retrieved 17 August 2011. 
  45. ↑ "Clinton, Nooyi, Sonia among 'World's Powerful Moms' list". 13 May 2012. 
  46. ↑ Seabrook, John. "Snacks for a Fat Planet". Retrieved May 28, 2013. 

External links

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Preceded by
Steven Reinemund		 Chairwoman and CEO of PepsiCo
2006 – Present 		Succeeded by
Incumbent
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