How did a Woman born in India become the CEO of PEPSICO & transformed it | INDRA NOOYI BIOGRAPHY
Indra Nooyi is the most influential lady, the story of Nooyi inspires a lot of girls. How an ordinary girl from India became the CEO of the world’s biggest beverage company PepsiCo.
The numerous awards won by her and the change she brings to PepsiCo company shows her great excellence!
In this blog, we will tell you the story of the most inspiring woman of India, Mrs. Indra Nooyi.
Who is Indra Nooyi?
Indra Nooyi (born October 28, 1955) is an Indian-American business executive and former chairman and chief executive officer (CEO) of PepsiCo, She made $31 million in 2017, her last year at the company, and consistently ranks among the world’s most powerful women. She was ranked 13 on the Forbes list of the world’s most powerful women in 2014. The World’s 100 Most Powerful Women was ranked the second most powerful woman on the Fortune list in 2015. The Forbes list of The 19 Most Powerful Women in Business ranked her second most powerful woman once again in 2017.
Her proposal for joining Philip’s board of directors in May 2021 has been accepted by Amazon and the International Cricket Council.
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About Personal life of Nooyi
As a devout Hindu who follows her religion’s teachings and is a vegetarian, Indra married Raj K. Nooyi, president of AmSoft Systems, in 1981. Together they have two daughters and lives in Greenwich, Connecticut. According to Forbes magazine, she is ranked as the third most powerful mom in the world.
Indra’s older sister Chandrika Krishnamurthy Tandon is a businesswoman and a Grammy-nominated artist, while her aunt is South Indian Carnatic musician Aruna Sairam.
When she lived in India, she played cricket and sang and played guitar in an all-female rock band.
|Born||Indra Krishnamurthy October 28, 1955 (age 66) Madras, Madras State, India (now Chennai, Tamil Nadu)|
|Education||University of Madras (BS) Indian Institute of Management, Calcutta (MBA) Yale University (MS)|
|Spouse||Raj Nooyi (m. 1981)|
|Known for||Former CEO of PepsiCo|
|Relatives||Chandrika Tandon (sister)|
|At present||a member of the board of directors at Amazon|
Awards Won by Nooyi
In 2008, Nooyi was elected chairwoman of the U.S.-India Business Council. She is a member of the Board of Directors for USIBC, an organization with more than 60 senior executives representing a cross-section of Amerienterprisesrise.
It was reported that Nooyi was named one of America’s Best Leaders by U.S. News & World Report in 2008, and that she was named CEO of the Year by Global Supply Chain Leaders Group in July 2009, and that she was named one of “The TopGun CEOs” by Brendan Wood International, an advisory firm.
Fortune magazine ranked Nooyi number one on its annual list of the Most Powerful Women in Business for 2006, 2007, 2008, 2009 and 2010. Nooyi was named to Institutional Investor’s Best CEOs list in the All-America Executive Team Survey in 2008 and 2011. After five years on top, Kraft CEO Irene Rosenfeld has surpassed Nooyi to become the second most powerful woman in the US business.
She was named one of the “25 Greatest Global Living Legends” by NDTV in 2013. She was presented with the Padma Bhushan award by President Pranab Mukherjee at the Rashtrapati Bhavan on 14 December 2013. Forbes magazine listed Nooyi on its list of The World’s 100 Most Powerful Women from 2008 through 2017. She was named one of the “Best CEOs In The World” by CEOWORLD magazine in 2018.
In 2019 Nooyi was selected as an honoree by the Smithsonian’s National Portrait Gallery for the American Portrait Gala. The oil painting created by Jon R. Friedman for this event became part of the museum’s collection. In 2019, Nooyi was awarded the Franklin Institute’s Bower Award for Business Leadership.
In February 2020, Nooyi was awarded the Outstanding Woman in Business award by the League of Women Voters of Connecticut, and in 2021, she was inducted into the National Women’s Hall of Fame.
Nooyi’s Journey In PepsiCo
She joined PepsiCo in 1994 and was named CEO in 2006, replacing Steven Reinemund, becoming the fifth CEO in the company’s 44-year history. Before becoming CEO, Nooyi served as President and Chief Financial Officer, and she was also named to PepsiCo’s Board of Directors. Between 2000 and 2001, she served as Senior Vice President, and Chief Financial Officer of PepsiCo.
As PepsiCo’s Senior Vice President, Corporate Strategy and Development from 1996 until 2000, and as PepsiCo’s Senior Vice President, Strategic Planning from 1994 until 1996, Nooyi has directed the company’s global strategy for more than a decade and led its restructuring, including the 1997 divestiture of Tricon, now known as Yum! Brands. Tricon included Pizza.
As a result of this spinoff, the company was able to increase the pace of its share buyback strategy, thereby enabling it to pursue future acquisitions without facing as much shareholder backlash.
Nooyi was in charge of Acquiring which Company?
It was Nooyi who was responsible for acquiring Tropicana in 1998 and led the acquisition of Quaker Oats Company in 2001, which in turn resulted in Gatorade. The company’s $3.3 billion acquisition of Tropicana was opposed at first by PepsiCo executives and Wall Street critics: Tropicana held an important share of the chilled orange juice segment, which was the fastest-growing segment of the juice industry.
Hut, KFC, and Taco Bell under its umbrella. The Quaker Oats Company’s acquisition of Gatorade was a positive strategic move for PepsiCo, as it captured 80% of sports drink sales at the time. This was especially true in comparison with Minute Maid, which captured less than half Tropicana’s market share. PepsiCo’s annual net profit rose from $2.7 billion to $6.5 billion in the same period, a move similar to the Tropicana acquisition that gave it leverage against Coca-Cola, which owns Powerade.
The PepsiCo CEO expressed his intent to develop a line of snacks marketed especially for women, referring to the category as a hitherto unexplored market. In a radio interview, Nooyi stated that PepsiCo is getting ready to launch snacks according to women’s preferences, as well as differences in the way men and women consume snacks.
The Wall Street Journal named Nooyi on its list of 50 women to watch in 2007 and 2008, and Time named her to its list of 100 most influential people in the world in 2007 and 2008; Forbes ranked her as the #3 most powerful woman in 2008, and she ranked 13 in 2014; Fortune named her the #1 most powerful woman in business in 2009 and 2010. She was ranked the 6th most powerful woman in the world by Fortune magazine on 7 October 2010. In Fortune magazine’s Most Powerful Woman List of 2015, she placed second.
At what Age did Mrs. Indra Nooyi became the CEO of PepsiCo?
At the Age of 51, Mrs. Indra Nooyi became the CEO of PepsiCo.
Till how many years did Nooyi serve as the CEO of PepsiCo company?
Mrs Nooyi served as the company’s CEO (2006-2008).
Who is the current CEO of PepsiCo in India?
The current CEO of PepsiCo is Ram Krishnan.
What is currently Indra Nooyi doing?
Nooyi has served on Amazon’s board of directors since February 2019.
What is the net worth of Indra Nooyi?
As of 2021, the net worth of Indra Nooyi was $290 million.
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