October 28, 1955
|Citizenship||United States |
|Education||University of Madras (BS)|
Indian Institute of Management, Calcutta (MBA)
Yale University (MS)
|Known for||CEO of PepsiCo|
|Relatives||Chandrika Tandon (sister)|
She has consistently ranked among the world's 100 most powerful women. In 2014, she was ranked at number 13 on the Forbes list of The World's 100 Most Powerful Women, and was ranked the 2nd most powerful woman on the Fortune list in 2015. In 2017, she was ranked the 2nd most powerful woman once more on the Forbes list of The 19 Most Powerful Women in Business.
Nooyi received bachelor's degrees in physics, chemistry and mathematics from Madras Christian College of the University of Madras in 1974, and a Post Graduate Programme Diploma from Indian Institute of Management Calcutta in 1976.
Beginning her career in India, Nooyi held product manager positions at Johnson & Johnson and textile firm Mettur Beardsell. While attending Yale School of Management, Nooyi completed her summer internship with Booz Allen Hamilton. In 1980, Nooyi joined the Boston Consulting Group (BCG) as a strategy consultant, and then worked at Motorola as Vice President and Director of Corporate Strategy and Planning, followed by a stint at Asea Brown Boveri.
Nooyi joined PepsiCo in 1994, and was named CEO in 2006, replacing Steven Reinemund, becoming the fifth CEO in PepsiCo's 44-year history. 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, 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 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. 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. Nooyi also took the lead in the acquisition of Tropicana in 1998, and the merger with Quaker Oats Company, which also brought Gatorade in 2001. The $3.3 billion acquisition of Tropicana initially faced opposition from other PepsiCo executives and Wall Street critics. Acquiring Tropicana allowed PepsiCo to gain a competitive edge; Tropicana at the time captured 44% of the chilled orange juice segment, the fastest growing segment of the juice market, an especially positive metric when compared to Coca-Cola's Minute Maid which captured less than half of Tropicana's market share. 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. Similar to the Tropicana acquisition, this strategic move gave PepsiCo leverage against Coca-Cola, owner of Powerade – second in the sports drink segment. PepsiCo's annual net profit rose from $2.7 billion to $6.5 billion.
Nooyi was named on Wall Street Journal's list of 50 women to watch in 2007 and 2008, 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. In 2014, she was ranked #13 by Forbes. Fortune ranked her the #1 in the list of Most Powerful Women in Business in 2009 and 2010. On 7 October 2010, Fortune magazine ranked her the 6th most powerful woman in the world. In Fortune's Most Powerful Women List of 2015, Nooyi ranked 2nd.
Nooyi's strategic redirection of PepsiCo, called Performance with a Purpose, has been largely successful and involved creating long-term growth while leaving a positive impact on society and the environment. 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. In 2015, Nooyi removed aspartame from Diet Pepsi, furthering the shift towards healthier foods, despite lack of evidence of aspartame's harmful effects.
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. 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.
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.
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. 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.
Connecticut public service
In 2019, Nooyi became the co-director of the newly created Connecticut Economic Resource Center, a public-private partnership with the Connecticut Department of Economic and Community Development. She will help draft the state's new economic development strategy. Nooyi is a resident of Connecticut and a Yale SOM classmate of Connecticut Governor Ned Lamont.
In April 2020, it was announced that Nooyi – along with Yale epidemiologist Dr. Albert Ko – will represent Connecticut on the six-state working group planning for the careful easing of COVID-19 restrictions. Both Nooyi and Ko will also co-chair the Reopen Connecticut Advisory Group.
Nooyi is also the co-chair of Connecticut-based nonprofit organization AdvanceCT.
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. By 2014, her total remuneration had grown to $19,087,832, including $5.5 million of equity.
Awards and recognition
In 2018, Nooyi was named one of the "Best CEOs In The World" by the CEOWORLD magazine. Forbes magazine ranked Nooyi on the 2008 through 2017 lists of The World's 100 Most Powerful Women. Fortune magazine has named Nooyi number one on its annual ranking of Most Powerful Women in business for 2006, 2007, 2008, 2009 and 2010. In 2008, Nooyi was named one of America's Best Leaders by U.S. News & World Report. In 2008, she was elected to the Fellowship of the American Academy of Arts and Sciences.
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.
Nooyi has been named 2009 CEO of the Year by Global Supply Chain Leaders Group.
In 2009, Nooyi was considered one of "The TopGun CEOs" by Brendan Wood International, an advisory agency. 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.
Nooyi was selected as one of the 2019 American Portrait Gala honorees by the Smithsonian's National Portrait Gallery. The oil on canvas work created in 2019 by Jon R. Friedman was commissioned by the museum to be part of the collection.
|2019||Honorary Doctorate of Humane Letters||Yale University|||
|2018||Honorary Degree||Cranfield University|||
|2015||Honorary Doctorate of Humane Letters||State University of New York at Purchase|||
|2013||Honorary Degree||North Carolina State University|||
|2011||Honorary Doctor of Laws||Wake Forest University|||
|2011||Honorary Doctor of Laws||University of Warwick|||
|2011||Honorary Doctorate of Law||Miami University|||
|2010||Honorary Doctorate of Humane Letters||Pennsylvania State University|||
|2009||Honorary Degree||Duke University|||
|2009||Barnard Medal of Honor||Barnard College|||
|2008||Honorary Degree||New York University|||
|2007||Padma Bhushan||President of India|||
|2004||Honorary Doctor of Laws||Babson College|||
Memberships and associations
Nooyi is a Successor Fellow of the Yale Corporation. She serves as a member of the Foundation Board of the World Economic Forum, International Rescue Committee, Catalyst 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.
In June 2016, she was part of the inaugural team on the Temasek Americas Advisory Panel.
Nooyi also serves as the Class of 1951 Chair for the Study of Leadership at West Point, a Dean's Advisory Council member at MIT's School of Engineering, and a member of the MIT Corporation.
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. Nooyi and her husband Raj donated 187,000 Scholastic books to Connecticut's alliance school districts as part of the Partnership for Connecticut during the COVID-19 crisis.
Indra married Raj K. Nooyi, president at AmSoft Systems, in 1981. Nooyi has two daughters and resides in Greenwich, Connecticut. Forbes ranked her at the 3rd spot among "World's Powerful Moms" list.
In India, she used to play cricket and was also in an all-girl rock band, where she played guitar.
- Goudreau, Jenna. "Indra Nooyi and Chandrika Tandon - pg.7". Forbes.
- "Personal side of Indra Nooyi". Timesofindia-economictimes. February 7, 2007. Retrieved May 26, 2015.
- "PepsiCo CEO Indra Nooyi Is Stepping Down After 12 Years". NPR.org. Retrieved August 7, 2018.
- "Leadership". PepsiCo, Inc. Official Website.
- "PepsiCo, Inc. (NYSE:PEP) : Second Quarter 2010 Earnings Preview". IStock Analyst. 15 July 2010. Archived from the original on 17 July 2010. Retrieved 11 December 2010.
- Sellers, Patricia (October 2, 2012). "Forbes Magazine's List of The World's 100 Most Powerful Women". Forbes.
- "#13 Indra Nooyi". Forbes. Forbes. Retrieved June 20, 2014.
- Howard, Caroline. "The World's Most Powerful Women 2015". Forbes. Retrieved October 3, 2018.
- Howard, Caroline. "The 19 Most Powerful Women In Business 2017: CEOs And More With Ambitious Goals". Forbes. Retrieved March 2, 2020.
- "PepsiCo's former CEO Indra Nooyi joins Amazon's Board of Directors". February 26, 2019.
- "ICC appoints Indra Nooyi as Independent Director".
- Zweigenhaft, Richard L.; Domhoff, G. William (2011). The New CEOs: Women, African American, Latino, and Asian American Leaders of Fortune 500 Companies. Rowman & Littlefield Publishers. p. 68. ISBN 978-1-4422-0767-7.
- "Pride of Chennai". ITZChennai. 2015. Archived from the original on 8 November 2014. Retrieved 8 November 2014.
- "Who is Indra Nooyi?". The Indian Express. August 6, 2018. Retrieved October 13, 2018.
- ""Indra Nooyi Biography." - Life, Family, Children, Parents, School, Mother, Born, College, House". Newsmakers Cumulation — Encyclopedia of World Biography. Retrieved May 26, 2015.
- Sellers, Patricia (October 2, 2006). "It's good to be the boss". CNN.
- "Indra Nooyi: The Indian executive who broke glass ceiling in corporate America". The Economic Times. August 7, 2018.
- "Alumni Leaders — Indra Nooyi '80". Yale School of Management. Archived from the original on 8 March 2010. Retrieved 9 July 2009.
- "Indra Nooyi | Biography & Facts". Encyclopædia Britannica. Retrieved June 23, 2019.
- "Indra Nooyi, Chairman and CEO of PepsiCo, Named CEO of the Year by GSCLG". Marketwire. September 9, 2009. Retrieved July 9, 2009.
- "Departing PepsiCo CEO Indra Nooyi Did It Her Way". Yale University. August 7, 2018.
- "How Indra Nooyi changed the face of PepsiCo". World News Media. October 14, 2016.
- Levine, Greg (August 14, 2006). "'Power Women' Member Nooyi To Lead 'Platinum' Pepsi". Forbes. Retrieved September 10, 2007.
- "Forbes Profile: Indra Nooyi". Retrieved January 15, 2015.
- Pursuit, Passive Income (February 14, 2019). "PepsiCo: Is It One Of The Best Dividend Stocks?". Seeking Alpha. Retrieved December 20, 2019.
- Bruner, Robert F. (May 30, 2017). "Coke Versus Pepsi, 2001". Rochester, NY. SSRN 2974379. Cite journal requires
- Brady, Diane (June 11, 2007). "Indra Nooyi: Keeping Cool In Hot Water". BusinessWeek. Retrieved January 20, 2016.
- Jennifer Reingold (June 5, 2015). "PepsiCo's CEO Indra Nooyi was right. Now what?". Fortune.
- McKay, Betsy (November 19, 2007). "The 50 Women to Watch 2007". Wall Street Journal.
- Crittenden, Michael R. (November 10, 2008). "The 50 Women to Watch 2008". Wall Street Journal. Retrieved July 10, 2009.
- The 100 Most Powerful Women, Forbes.com
- The 50 Most Powerful Women in Business, Fortune.com
- « The World's 100 Most Powerful Women » Archived 26 July 2012 at the Wayback Machine, peoplestar.co.uk, Retrieved on 11 October 2010.
- Bellstrom, Kristen (September 15, 2015). "Fortune's Most Powerful Women List". Fortune.
- Novak, David (September 12, 2018). "Follow Indra Nooyi's example: Be a leader people want to follow". www.cnbc.com. Retrieved August 12, 2020.
- "PepsiCo CEO Indra Nooyi's long-term strategy put her job in jeopardy — but now the numbers are in, and the analysts who doubted her will have to eat their words". Business Insider France (in French). Retrieved February 26, 2018.
- "Indra Nooyi on making Pepsico 'good for you'". The Economic Times. 20 February 2018. Archived from the original on 27 February 2018. Retrieved 26 February 2018.
- Freeland, Grant. "Indra Nooyi's Passions: People, Performance & Purpose At PepsiCo And Beyond". Forbes. Retrieved August 12, 2020.
- "PepsiCo CEO Indra Nooyi's Desire to Create Snacks for Women Is Nothing New". Fortune. Retrieved February 26, 2018.
- Cavale, Siddharth (August 6, 2018). "PepsiCo veteran Ramon Laguarta to replace Indra Nooyi as CEO". Retrieved August 6, 2018.
- Isidore, Chris. "PepsiCo CEO Indra Nooyi is stepping down". CNNMoney. Retrieved August 10, 2018.
- Reporter, Staff. "Connecticut Governor Names Indian American Executive Indra Nooyi to CERC Board of Directors to Improve Economic Strategy". indiawest.com. India West. Retrieved June 4, 2019.
- Pazniokas, Mark. "A Wall Street exec volunteers, and Lamont readily accepts". ctmirror.org. CT Mirror. Retrieved June 4, 2019.
- "NE governors promise to cautiously ease COVID-19 restrictions". The CT Mirror. April 13, 2020. Retrieved April 14, 2020.
- "Board Members | AdvanceCT". www.advancect.org. Retrieved June 10, 2020.
- PepsiCo CEO Nooyi gets $17 mn in compensation. NDTV.com (24 March 2012). Retrieved on 2015-05-26.
- "PEPSICO INC Executive Salaries & Other Compensation". Salary.com.
- "Best CEOs In The World 2018".
- "The 100 Most Powerful Women: #3". Forbes. August 27, 2008. Retrieved August 27, 2008.
- "50 Most Powerful Women 2006: #1". CNN. Retrieved September 22, 2009.
- Benner, Katie; Levenson, Eugenia; Arora, Rupali. "50 Most Powerful Women 2007: #1". CNN. Retrieved September 22, 2009.
- Shambora, Jessica; Kowitt, Beth (October 16, 2008). "50 Most Powerful Women 2008: #1". CNN. Retrieved September 22, 2009.
- Shambora, Jessica; Kowitt, Beth (September 15, 2009). "50 Most Powerful Women 2009: #1". CNN. Retrieved September 22, 2009.
- "America's Best Leaders: Indra Nooyi, PepsiCo CEO". Retrieved November 20, 2008.
- "Academy Announces 2008 Class of Fellows". American Academy of Arts & Sciences. 28 April 2008. Archived from the original on 18 June 2009. Retrieved 9 July 2009.
- "PepsiCo's Indra K. Nooyi Elected Chairman of U.S.-India Business Council" (PDF) (Press release). U.S. Chamber of Commerce. January 23, 2009. Retrieved July 9, 2009.[permanent dead link]
- "USIBC Leads U.S. Commercial Nuclear Executives to Help Implement Historic Nuclear Deal" (PDF) (Press release). U.S. Chamber of Commerce. January 16, 2009. Retrieved July 9, 2009.[permanent dead link]
- India-born Indra Nooyi named CEO of the year. economictimes.indiatimes.com. 14 July 2009
- The Market's Best Managers – Forbes.com, Forbes.com
- Brendan Wood International Announces 24 TopGun CEOs in the US Archived 18 January 2016 at the Wayback Machine, Reuters.com
- "Indra Nooyi second most powerful woman in US business". Indiavision news. October 1, 2011. Archived from the original on January 26, 2013.
- The All-America Executive Team Best CEOs Archived 12 July 2011 at the Wayback Machine, InstitutionalInvestor.com
- Shoen, Sarah. "Lin-Manuel Miranda, Jeff Bezos, Anna Wintour, and More in the National Portrait Gallery's Newest Additions". Vanity Fair. Retrieved June 10, 2020.
- "Indra K. Nooyi". The Franklin Institute. November 27, 2018. Retrieved June 10, 2020.
- reports, Staff (December 26, 2019). "League of Women Voters salutes Greenwich resident Nooyi". GreenwichTime. Retrieved June 10, 2020.
- "Indra Nooyi '80 Presented with Honorary Doctorate at Yale Commencement". Yale University. May 20, 2019.
- Commencement – Recipients – Indra Krishnamurthy Nooyi Archived 5 September 2015 at the Wayback Machine. Purchase.edu. Retrieved on 26 May 2015.
- Ford, D'Lyn (4 November 2013) Freelon to Speak at NC State Commencement. news.ncsu.edu
- Olympics, Weirdstones, Pepsi and New York feature in Warwick's Honorary Degrees. .warwick.ac.uk (19 October 2010). Retrieved on 2015-05-26.
- Miami University – Miami Awards 3,967 Degrees at 2011 Commencement. Miamialum.org. Retrieved on 26 May 2015.
- "PepsiCo leader Nooyi to receive honorary degree from Penn State" | Penn State University Archived 20 March 2012 at the Wayback Machine. Live.psu.edu (19 March 2010). Retrieved on 2015-05-26.
- "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.
- commencement 2009. Citations for Medalists. Indra K. Nooyi. barnard.edu
- "Indra Krishnamurthy Nooyi Receives Honorary Doctorate From NYU". September 2013.
- Tikku, Aloke (February 23, 2007). "Khushwant, Karnik, Nooyi, Remo, Mittal on Padma list". Hindustan Times. Retrieved July 9, 2009.[permanent dead link]
- "Babson College Commencement 2004: Citations for Medalists". Archived from the original on August 14, 2011. Retrieved June 28, 2011.
- "PepsiCo president Indra Nooyi elected to Yale Corporation". Yale Bulletin & Calendar. 30 August 2002. Archived from the original on 18 April 2009. Retrieved 6 July 2009.
- "Board of Directors". Catalyst. Archived from the original on 18 March 2009. Retrieved 9 July 2009.
- "Amazon.com, Inc. - Officers and directors". ir.aboutamazon.com. Retrieved June 10, 2020.
- "Temasek launches Americas Advisory Panel". Temasek Corporate Website English. Retrieved June 10, 2020.
- Kell, John (December 14, 2016). "PepsiCo CEO Indra Nooyi Joins Trump's Business Council". Fortune. Retrieved June 1, 2017.
- "ICC appoints Indra Nooyi as Independent Director". www.icc-cricket.com. Retrieved June 10, 2020.
- Business, Danielle Wiener-Bronner, CNN. "Ex-PepsiCo CEO Indra Nooyi joins Amazon's board". CNN. Retrieved June 10, 2020.
- "Class of 1951 Distinguished Lecture Series and Chair for Leadership Study". June 30, 2020.
- "MIT School of Engineering | » Dean's Advisory Council". Mit Engineering. Retrieved June 30, 2020.
- "MIT Corporation elects 12 term members, three life members". MIT News. Retrieved June 30, 2020.
- "Indra Nooyi becomes Yale's biggest alumni donor". The Times of India. January 13, 2016. Retrieved January 18, 2016.
- "A gift that keeps giving: Indra Nooyi is 'most generous graduate' of Yale school of management - India News , Firstpost". Firstpost. January 13, 2016. Retrieved June 30, 2020.
- Kroeker, Jo (April 9, 2020). "Distribution of 200K books to Connecticut students could start next week". GreenwichTime. Retrieved June 30, 2020.
- "PepsiCo's CEO shares the trick that has helped her stay married for 37 years".
- Credeur, Mary Jane (August 15, 2006). "Pepsi's Indra Nooyi Led Non-Soda Growth; Women CEO Exemplar". Bloomberg, L.P. Retrieved August 17, 2011.
- "Clinton, Nooyi, Sonia among "World's Powerful Moms" list". May 13, 2012.
- Seabrook, John. "Snacks for a Fat Planet". Retrieved May 28, 2013.
- "TN remembers PepsiCo's 'Iron woman'". Hindustan Times. August 17, 2006. Retrieved August 8, 2020.
- "Indra Nooyi on making Pepsico "good for you and me"". Archived from the original on 2 November 2018. Retrieved 1 November 2018.
|Wikimedia Commons has media related to Indra Nooyi.|
|Wikiquote has quotations related to: Indra Nooyi|
|Wikinews has related news:|
- PepsiCo corporate biography
- Forbes Profile: Indra Nooyi
- The Pepsi Challenge, profile Indra Nooyi (Fortune)
- Reference for Business: Indra Nooho Leadership Biography
- Video of discussion with Indra Nooyi at the Asia Society, New York, 4/14/2009
- Indra Nooyi Video produced by Makers: Women Who Make America
- Appearances on C-SPAN
- Harvard Business Review: Becoming a Better Corporate Citizen
| Chairman and CEO of PepsiCo
2006 – Present