Indra Nooyi

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Indra Nooyi
IndraNooyiDavos2010ver2.jpg
Nooyi at the World Economic Forum annual meeting in Davos, Switzerland, January 2010
Born Indra Krishnamurthy
(1955-10-28) 28 October 1955 (age 68)
Madras, Tamil Nadu, India
Residence Greenwich, Connecticut
Ethnicity Tamil
Citizenship United States[1]
Alma mater Madras Christian College (B.S., 1974)
IIM Calcutta (P.G.D.M., 1977)
Yale School of Management (M.A., 1978)
Occupation Chairperson & CEO of PepsiCo
Employer PepsiCo
Salary $18.6 million (2014)[2]
Net worth $144 million (December 2014)[3]
Spouse(s) Raj K. Nooyi

Indra Krishnamurthy Nooyi (born 28 October 1955) is an India-born, naturalized 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.[4] She has consistently ranked among the World's 100 Most Powerful Women.[5] In 2014, she was ranked 13 in the list of Forbes World's 100 most powerful women.[6]

Early life and career

Nooyi was born to a Tamil-speaking family[7] in Madras (presently Chennai),[8] Tamil Nadu, India. She was educated at Holy Angels Anglo Indian Higher Secondary School in Madras. She received bachelors degrees 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.[9] 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.[10] Graduating in 1980, Nooyi joined the Boston Consulting Group (BCG), and then held strategy positions at Motorola and Asea Brown Boveri.[11]

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,[12] and the merger with Quaker Oats Company, which also brought Gatorade to PepsiCo. In 2006 she became the fifth CEO in PepsiCo's 44-year history.[13] She was named as the 3rd Most Powerful Woman in Business by Fortune in 2014.

Since she started as CFO in 2001,[14] the company's annual net profit has risen from $2.7 billion to $6.5 billion.[15][16]

Nooyi was named on Wall Street Journal's list of 50 women to watch in 2007 and 2008,[17][18] 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.[19] In 2014, she was ranked #13 by Forbes.[6] Fortune ranked her the #1 most powerful woman in business in 2009 and 2010. On 7 October 2010 Fortune magazine ranked her the 6th most powerful woman in the world.[20][21] In Fortune's Most Powerful Women List of September 15, 2015, Nooyi ranked 2nd.[22]

Nooyi's strategic redirection of her company has been largely successful. 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.[23] In 2015, Nooyi removed aspartame from Diet Pepsi, furthering the shift towards healthier foods.[22]

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 of $3 million.[24] By 2014, her total compensation had grown to $19,087,832, including $5.5 million of equity compensation.[25]

Awards and recognition

Forbes magazine ranked Nooyi on the 2008, 2009, 2010, 2011, 2012, 2013, and 2014 lists of The World's 100 Most Powerful Women.[6][26] Fortune magazine has named Nooyi number one on its annual ranking of Most Powerful Women in business for 2006, 2007, 2008, 2009 and 2010.[27][28][29][30] In 2008, Nooyi was named one of America's Best Leaders by U.S. News & World Report.[31] In 2008, she was elected to the Fellowship of the American Academy of Arts and Sciences.[32]

In January 2008, Nooyi was elected chairwoman of the U.S.-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.[33][34]

Nooyi has been named 2009 CEO of the Year by Global Supply Chain Leaders Group.[35]

In 2009, Nooyi was considered one of "The TopGun CEOs" by Brendan Wood International, an advisory agency.[36][37] 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.[38]

Nooyi was named to Institutional Investor's Best CEOs list in the All-America Executive Team Survey in 2008 to 2011.[39]

Year Name Awarding organization Ref.
2015 Honorary Doctorate of Humane Letters State University of New York at Purchase [40]
2013 Honorary Degree North Carolina State University [41]
2011 Honorary Doctor of Laws Wake Forest University [citation needed]
2011 Honorary Doctor of Laws University of Warwick [42]
2011 Honorary Doctorate of Law Miami University [43]
2010 Honorary Doctorate of Humane Letters Pennsylvania State University [44]
2009 Honorary Degree Duke University [45]
2009 Barnard Medal of Honor Barnard College [46]
2008 Honorary Degree New York University [citation needed]
2007 Padma Bhushan President of India [47]
2004 Honorary Doctor of Laws Babson College [48]

Memberships and associations

Nooyi is a Successor Fellow of the Yale Corporation.[49] She serves as a member of the Foundation Board of the World Economic Forum, International Rescue Committee, Catalyst[50] 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.

Personal life

Nooyi has two daughters and resides in Greenwich, Connecticut. One of her daughters is currently attending the School of Management at Yale, Nooyi's alma mater.[51] Forbes ranked her at the 3rd spot among 'World's Powerful Moms' list.[52]

Her older sister is singer Chandrika Krishnamurthy Tandon.[53]

She is a vegetarian.[54]

See also

References

  1. ↑ Saporito, Bill. (3 May 2007) The TIME 100. Time.com. Retrieved on 2015-05-26.
  2. ↑ PepsiCo's Indra Nooyi got $18.6 million pay package in 2013 – The Times of India. Timesofindia.indiatimes.com. Retrieved on 26 May 2015.
  3. ↑ http://www.thesquander.com/net-worth-indra-nooyi-pepsico-ceo/
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ 6.0 6.1 6.2 Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ Personal side of Indra Nooyi – timesofindia-economictimes. Articles.economictimes.indiatimes.com (7 February 2007). Retrieved on 2015-05-26.
  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Notable Biographies. Notable Biographies. Retrieved on 26 May 2015.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  16. ↑ http://fortune.com/2015/06/05/pepsico-ceo-indra-nooyi/
  17. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  18. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  19. ↑ The 100 Most Powerful Women, Forbes.com
  20. ↑ The 50 Most Powerful Women in Business, Fortune.com
  21. ↑ « The World's 100 Most Powerful Women », peoplestar.co.uk, Retrieved on 11 October 2010.
  22. ↑ 22.0 22.1 Lua error in package.lua at line 80: module 'strict' not found.
  23. ↑ http://fortune.com/2015/06/05/pepsico-ceo-indra-nooyi/
  24. ↑ PepsiCo CEO Nooyi gets $17 mn in compensation. NDTV.com (24 March 2012). Retrieved on 2015-05-26.
  25. ↑ http://www1.salary.com/Pepsico-Inc-Executive-Salaries.html
  26. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  27. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  28. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  29. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  30. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  31. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  32. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  33. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  34. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  35. ↑ India-born Indra Nooyi named CEO of the year. economictimes.indiatimes.com. 14 July 2009
  36. ↑ The Market's Best Managers – Forbes.com, Forbes.com
  37. ↑ Brendan Wood International Announces 24 TopGun CEOs in the US, Reuters.com
  38. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  39. ↑ The All-America Executive Team Best CEOs, InstitutionalInvestor.com
  40. ↑ Commencement – Recipients – Indra Krishnamurthy Nooyi. Purchase.edu. Retrieved on 26 May 2015.
  41. ↑ Ford, D'Lyn (4 November 2013) Freelon to Speak at NC State Commencement. news.ncsu.edu
  42. ↑ Olympics, Weirdstones, Pepsi and New York feature in Warwick’s Honorary Degrees. .warwick.ac.uk (19 October 2010). Retrieved on 2015-05-26.
  43. ↑ Miami University – Miami Awards 3,967 Degrees at 2011 Commencement. Miamialum.org. Retrieved on 26 May 2015.
  44. ↑ PepsiCo leader Nooyi to receive honorary degree from Penn State | Penn State University. Live.psu.edu (19 March 2010). Retrieved on 2015-05-26.
  45. ↑ Duke to award degrees to more than 4,400 graduates on Sunday, May 10 | Duke Today. Today.duke.edu (4 May 2009). Retrieved on 2015-05-26.
  46. ↑ commencement 2009. Citations for Medalists. Indra K. Nooyi. barnard.edu
  47. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  48. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  49. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  50. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  51. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  52. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  53. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  54. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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