Raj, 63, attended college in the United States. Tuesday, Mar. in leaving McKinsey was to solely focus on this idea and invest in the institutions I worked with to create value, either in the form of equity, phantom equity, or performance-based incentives. In this edition of Author Talks, McKinsey Global Publishing's Raju Narisetti chats with Indra Nooyi, former chairman and CEO of PepsiCo, about her new book, My Life in Full: Work, Family, and Our Future (Penguin Random House, September 2021). In her new memoir, "My Life in Full . When I was about 6, my sister, Chandrika, and I were assigned daily chores. #85 Indra Nooyi on the 2022 America's Self-Made Women - PepsiCo's former chair and CEO Indra Nooyi retired in 2019 after 24 years with the company, half The first woman of color and immigrant to run a Fortune 50 company and one of the foremost strategic thinkers of our time she transformed PepsiCo with a unique . The trade fair was a three-day event which took place in the presence of leading manufacturers and traders of readymade and unstitched garments of ladies, gents and kids. My mother was visiting at the time. She's not shy about asking for help when she needs it. 6 Companies arent just profit-making centres: While devising the Performance with Purpose framework for PepsiCo, Nooyi says, Whats good for commerce and whats good for society have to go together a piece of advice that helps build lasting legacy organisations. For the unversed, megastar Amitabh Bachchan's granddaughter, Navya Naveli Nanda turned entrepreneurfrom a young age. Of PepsiCo, Indra Nooyi speaks at the 4th Important Dinner for Women hosted by HM Queen Rania Al Abdullah, Wendi Murdoch and Indra Nooyi at Cipriani. Motley Fool co-founder and CEO Tom Gardner talks with Indra Nooyi, ex-CEO of PepsiCo, to discuss: Other CEOs she's learned from. We lit candles and lanterns. The former CEO of PepsiCo had shared a stage with Priyanka in July 2018, during the Forbes Women Summit held in New York City. Then we sat on the floor at Thathas feet to do our homework, even though we had our own desks. Meanwhile, archrival Coke (KO, Fortune 500) is gearing up to revive the cola wars with such products as calorie-free Coke Zero, which looks like a hit, and the company's newly acquired Vitaminwater lineup. Years before she was revolutionising the path of PepsiCo, one of the largest consumer packaged goods companies in the world, as its CEO, a young Indra Nooyi, along with her siblings, would spend . At key meetings she makes sure he is seated on her right. For the past 12 years, Indra Nooyi has called the shots as chairman and CEO of PepsiCoone of the most recognized brands in the world. So leave that crown in the garage, Nooyi recalled in her post. That isn't the way a new CEO usually takes charge, but Indra Nooyi is an entirely different kind of CEO, a product of her native India as well as of PepsiCo's family-values approach to grooming CEOs. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. From my earliest days, I played on the swing with my older sister, Chandrika, and my younger brother, Nandu. Life was frugal, but a sense of clockwork discipline bound Nooyi, her sister Chandrika, and brother, Nandu one that was silently instilled by their pragmatic parents, under the watchful eyes of thatha (grandfather). If the forest were only filled with nightingales, it would be a very boring forest indeed. in . She was born in October 1955 in Chennai (Madras). Ms Tandon defines tenacity and boldness characteristics that many of our Scholars also embody, says Terrence J Giroux, executive director, Horatio Alger Association. . Follow @lavinamelwani and "Companies today are bigger than many economies. Music has made me understand perfection in a wholly different way. T andon grew up in a middle-class family where the children despite simple beginnings went on to scale greater heights- (her sister Indra Nooyi has been the president and CEO of PepsiCo and her brother Nandu Narayanan heads Trident Investment Management ). Report a problem? Shivoham has been your passion for several years. They had strong points of view about what government or companies should be doing to help citizens of the country. This was pre-liberalisation India, before Madras was Chennai. Staying informed as a leader gives you the advantage of recognising shifts in corporate/customer dynamics at agrassroots level, she asserts. A post shared by Navya Naveli Nanda (@navyananda), Adding more, former Pepsi Co CEO said, What I loved is after every meeting, writing action items, following up, coming back to me about the progress they've made. The company increased its revenue by 80% during her revenue. PepsiCo's international business grew 22% last year, triple the rate of domestic sales, and now contributes 40% of total revenue ($39 billion last year). Privacy Policy. "When . Nooyi says what started as a way to "future-proof" PepsiCo became the precursor for Environmental, Social and Governance (ESG) metrics that have become increasing common in companies. Disclaimer. Credits: Forbes. By continuing to use our website, you agree White said he would sleep on it. Induction Category: Business & Labor. While the Sanskrit prayer, Om Namah Shivaya was part of my first album, for Shivoham, I added several lyrics in English to express the important idea that chanting these five syllablesNa mah Shi va yaalso known as the Panchabhootam or five prime elements This kind of journey is really about searching for something, getting a glimpse of it, and trying to stay in that space for as long as possible. Indra Krisnamurthy was born in Madras (now called Chennai), India, on October 28, 1955. from Yale School of Management in 1978 School: Holy Angels Anglo Indian Higher Secondary School, Madras (now Chennai), India College: The Madras Christian College (MCC), Tambaram, Chennai, Tamil Nadu, India Indian Institute of Management Calcutta, Joka, Kolkata, West Bengal . He earned a B.E. Thats our job. Its a bookkeeping system that she set up intuitively, and still amazing to me that she developed it with no training at all in accounting. Contrary to this, Indra got married in 1980 to Raj K. Nooyi. 7:30 P.M. at Texas Hall. She is not hung up on pay. With Indra at the helm, PepsiCo's revenue doubled in 12 years to reach US$63.5 billion, half of it coming from the healthier product categories (up from 38% in 2006). Then shed head back home to cook again. Her fourth album. Indra Nooyi. She points out that NYU Tandon, with over 5,200 students, has many students from first generation immigrant families, many students on aid, and many female students. She handled those issues deftly and with a firm hand. under which this service is provided to you. Yet Tandon is about much more than business or education she also proves that you can nurture and enrich a God-given talent in the most difficult situations. A New York Times Bestseller An intimate and powerful memoir by the trailblazing former CEO of PepsiCo For a dozen years as one of the world's most admired CEOs, Indra Nooyi redefined what it means to be an exceptional leader. Both had been CFOs and rising stars. in Business Wisdom. Tandon is a big believer in intense meditation:It took me into the deepest parts of myself and let me experience my own light. My childhood was not a world of Great job! It was more like: That was so-so. or Is this the best you can do?. As she says, Music is what I am, everything Navya graduated from Sevenoaks School in Kent, London along with Shah Rukh Khan's son Aryan Khan. The retail giant tops the Fortune 500 for the second year in a row. She celebrates her Indian upbringing, acknowledges her privilege, and is all about show, dont tell. She interviewed at McKinsey in a sari and chappals, wearing a borrowed coat. Their elder daughter Preetha holds an MBA from Yale School of Management, the same school where . With a possible recession looming in the U.S., PepsiCo is headed into the toughest period it has faced in a decade. Tandon eventually overcame the constraints on her time, and found noted gurus to learn classical music even as she grew her business and nurtured her family. I appreciated how much each singer grew vocally throughout our journey and how the group created a joyful common She describes the reaction in 2006, when she became CEO. When people were assuming her to join the glamour world of Bollywood, she rather talked about the importance of mental health through her venture Aara Health. She rememberedthat a movie theatre she and her friend visitedwas destroyed the very next day. She then went on to work for Johnson & Johnson as brand manager overseeing the companys Stayfree account. Copyright 2022 Mid-Day Infomedia Ltd. All Rights Reserved. Music and spirituality have been the twin graces of Tandons life, be it starting the day with, She says, If I had to rewind my life, I would add more compassion to it. Chandrika and I returned home from school at around 4:30 pm, and were greeted by Thatha and Amma. He had studied math and law, and, for decades, was a district and sessions judge deciding both civil and criminal cases. The awe-inspiring book traces her journey across the globe. The weakness of the company was a . I am on a quest to lose myself. Yet, not only did she land the job, but within a few years she went on to become a partner at this prestigious company, the first Indian-American woman to be selected for the position. I was never in doubt that the head of the household and of the family resided in the mens living room. Life was frugal, but a sense of clockwork discipline bound Nooyi, her sister Chandrika, and brother, Nandu one that was silently instilled by their pragmatic parents, under the watchful eyes . We . Former PepsiCo CEO Indra Nooyi has called the coming decades "the decades of women" as economies move into a new phase of growth. In the fourth quarter of 2007, revenue went up 17%, to $12.3 billion, and operating profits rose 9%, to $1.7 billion. He could easily have been CEO." When I was 8, my mother gave birth to a little boy, Nandu, through a complicated C-section. References. So far, so good. Keeping a focused, calm, and centered mind is, to me, the most important attribute of living my everyday life. How did you decide which performers went to Kennedy Center? She was a middle child, dark-skinned, tall and skinny. She began her career with PepsiCo in 1994 as Senior Vice President of Strategic Planning and was promoted to Senior Vice President of Corporate Strategy and Development in 1996. "Tell me whatever I need to do to keep you, and I will do it," she told her longtime colleague, who was vice chairman at the time. And it's a proposition that suited the Indian zeitgeist I just loved what the four were doing; dedicated, hard-working.. This has become the prism with which I view my whole life and All rights reserved. As a vegetarian who for years has been talking about the importance of "gut health," she's not who you'd think would be leading a maker of sugary soda and salty snacks - but that's why she's taking the company in a different direction. Indra's elder sister Chandrika, an IIM Ahmedabad alumna, has a consultancy Tandon Capital Associates, while her brother . so we needed a lot of rehearsals. Her first job was with Citibank and it took her to war-torn Beirut, a place with curfews, burning streets and blasts. Who else made the list? Please fill up the form for authorized use of the content. 4 View the employee, and their family, as part of your organisation: As someone who values her family above all, Nooyis book is a handbook on how to manage work and personal life. Indra Nooyi became senior vice president of corporate strategy and growth at PepsiCo in 1994. Indra received the Outstanding Woman in Business award by the League of Women Voters in Connecticut. Suri tells us that in the corporate world, when you stay in the ivory tower of your office chamber, you run the risk of being kept out of the information loop. Once you even glimpse that place you are on a new journey.Business, arts and philanthropy can all be accommodated in a balanced lifestyle. Tandon was the first woman partner at McKinsey to give birth. Indra Nooyi Education. Once in a while, on weekends, she tucked flowers into our pigtails. All rights reserved. We played hide-and-go-seek, we climbed trees and picked the mangoes and guavas that grew in the garden surrounding the house. Nooyi stepped down as the CEO of PepsiCo in 2018 after helming the company for almost a decade. It was an iterative and very collaborative process, which was extremely rewarding. that defines and consumes her the most Thatha believed that a good handwriting meant a good future.. Reasons you might have no idea about! I had loads of energy and loved to play sports, climb trees and run around the house and garden, all in a society where girls were judged on their skin tone, beauty, calmness and homeliness. I overheard chitchat among relatives wondering how they would ever find someone to marry this tomboy. That still stings. In 2007, Indian Government honored her with. All rights reserved. The first woman of color and immigrant to run a Fortune 50 company and one of the foremost strategic thinkers of . She has installed an Italian native, Massimo d'Amore, atop the division that includes the troublesome U.S. soft drink business, and recruited a former Mayo Clinic endocrinologist to head up R&D. Tandon also serves on the Board of Trustees for the Lincoln Center for the Performing Arts and the Presidents Advisory Council for the Berklee College of Music. In the early 1990s, Tandon risked her savings to found Tandon Capital Associates, a financial advisory company that restructured preeminent financial institutions worldwide, creating billions of dollars in market value for her clients. When he talked, no one else did. Can you share with us the journey, beginning with the idea and its birth? You must be accessible. For a dozen years as one of the world's most admired CEOs, Indra Nooyi redefined what it means to be an exceptional leader. U.S. real estate might be a mess, but in other parts of the world, home prices are jumping. For the unversed, megastar Amitabh Bachchan's granddaughter, Navya Naveli Nanda turned entrepreneur from a young age. She fiercely advocates the need for employers to address the disconnect that exists between the corporate world and the stress of building families, through infrastructural and behavioural support, including childcare and eldercare provisions, healthcare policies, and paid leaves. Once you even glimpse that place, you are on a new journey.. While the Tandons $100 million gift to the New York University School of Engineering is a milestone contribution of her life, it is the music and spirituality else is what I do., A firm believer in meditation, Tandon says, It took me into the deepest parts of myself and let me experience my own light. I have become a lot more centered and able to let go of outcomes and concentrate on the work and the journey. "I believe we need an approach like this to attack obesity. Don't . Says Nooyi: "I treat Mike as my partner. Indra Nooyi (second from left) with her brother Nandu Narayanan (left), grandfather A. Narayana Sarma, and older sister Chandrika Tandon: I was never in doubt that the head of the household and of the family resided in the mens living room. Above all, her every pursuit has been imbued with the search for a higher way of living. I'd followed my career mindlessly . Once my father and the kids had left home, shed be back in the kitchen, preparing lunch for Thatha, Chandrika and me. However, when you buy something through our retail links, we may earn an affiliate commission. When Indra Nooyi's mother found out that the Pepsi CEO would be sharing the stage with actress Priyanka Chopra, her response was: "Tell Priyanka to get married and settle down." That didn't come as a surprise to Nooyi, considering her . In 2009, she received the Walter Nichols Medal from NYU Stern for representing the highest ideals of business, service and integrity - prior recipients include Rockefeller, Greenspan and Welch. She did not even own a western outfit, interviewing in a sari and chappals, wearing a borrowed coat. By the time I turned 7, I was often sent to the grocery store a few blocks away to drop off a list of items for home delivery or pick up a few things. Parents, grandparents, aunts and uncles gathered to watch, holding bits of torn newspaper scrawled with the words one ticket. They felt free to critique our shows, or to start chatting, or simply walk away. In an old Indra Nooyi video I saw recently, she talks about getting into Yale and how her mother refused to let her go to America, how it was her father who insisted that he would never discriminate between his sons and daughters . "If you look at the job entirely from the American perspective, then it becomes impossible to run a global business," says Kissinger, who consults for Pepsi and other companies on international matters. We just hear Navya talk, and am listening to her talk, at that young age and to be so poised, and so articulate and just sound so professional, it says to me that women have come a long way. How she did it, Ill never know. Indra Nooyi. This is the story of a Hindu Brahmin girl Indra Krishnamurthy. During an interview earlier . She told her mother the news, that she'd just been named the president of PepsiCo and her mother just wanted her to go out for milk. All products featured on Vogue are independently selected by our editors. Indra Nooyi, the former CEO of PepsiCo, may have headed a multi-billion dollar corporation but when it came to managing her household, she was told to leave her crown outside by her mother. If I had to rewind my life, I would add more compassion to it. Eight weeks later, when she came home with Nandu, Amma was busier than ever, managing a new baby and all her previous activities, even though she was still recovering from major abdominal surgery. After leaving Johnson & Johnson she worked as a product manager for textile firm Mettur Beardsell Ltd. Indra began to feel as though she needed more preparation for the business world and so she applied and was accepted to the Yale School of Management in 1978. In the afternoons, shed take a rickshaw to her parents house a mile away to check in, discuss family matters and help her mother in the kitchen. Nevertheless, growing up the first girl child in a traditional Tamil Brahmin family in Chennai, conservatism ruled. Music harmonizes me as a person. Indra Nooyi has led PepsiCo . Suri shares that such an approach ensures engaged, loyal and more productive employees. When Indra Nooyi '80 first introduced the notion of making PepsiCo's food and beverage products healthier back in the 1990s, when she was the company's president and CFO, her colleagues were skeptical. The two had worked together for years. As far as I could tell, she never missed a beat. We had no refrigerator. Spouse: Raj K. Nooyi. In our home, boys and girls were allowed to be equally ambitious. This group of companies is all about social networking to connect with their customers. Nobody can take that place. All of youmy PepsiCo familyhave held a special place . Often, there would be power cuts and the house was plunged into darkness. For Tandon, the joy is in being able to mentor so many young people in the schools and colleges she supports. Inspired by theirPerformance with Purposeinitiative, PepsiCo launchedFood for Good, a social enterprise within PepsiCo whose mission is to make healthy food physically and financially accessible for low-income families through sustainable, business-driven solutions. "If all you want is to screw this company down tight and get double-digit earnings growth and nothing else, then I'm the wrong person," she says. Building a culture of ownership. A dinner gathering at her house is as likely to include Tony Blair and government ministers from India or Mexico as traditional pinstriped business types. Through the Krishnamurthy Tandon Foundation, she and her husband, Ranjan Tandon, have donated to many educational causes, including a transformative $100 million to the New York University (NYU) Tandon School of Engineering, which was named after them. Most recently, Nooyi was chairman and . My childhood home was defined by particularly progressive thinking when it came to educating women. And if you are just the next greedy American corporation, you don't stand a chance in China's tight labor market. Indra found this to be a challenging position, as advertising womens feminine products was not allowed in India. PepsiCo's three ex-CEOs, all on good terms with one another, weighed in to help Nooyi keep White onboard. Get Tickets. For a dozen years as one of the world's most admired CEOs, Indra Nooyi redefined what it means to be an exceptional leader. The culture changed to say, the strength of the company was our decentralized company. At the end of the day, we have to make our corner of it much better. from Madras Christian College in 1974 P.G.D.M. www.lassiwithlavina.com. The first woman of color and immigrant to run a Fortune 50 company and one of the foremost strategic thinkers of our time she transformed PepsiCo with a unique vision, a vigorous pursuit of excellence, and a deep sense of purpose. It permeates all aspects of my being. Above all, a seeker of the light. their own journeys, in finding the light much sooner than I did. Children came and wenthanging out, reading or working on homework. We ate on the floor sitting cross-legged in a circle, with our mothers in the center ladling sambar sadam and thayir sadam lentil stew and curds mixed with rice from clay tureens and dishing out Indian pickles onto banana leaves that served as plates. She was ranked as the 3rdmost powerful woman in business byFortunein 2014 and as the 2ndmost powerful women byFortunein 2015. a Grammy nominated world musician and a financial advisor/trustee of New York University; and her younger brother Nandu Narayanan, founder and Chief Investment Officer of Trident Investment Management LLC in New York City). Indra Nooyi was born on October 28, 1955, in Madras, Tamil Nadu, India. An Oxford English Dictionary and a Cambridge Dictionary, both bound in burgundy-colored leather, lay on a wooden side table. INDRA NOOYI: Perhaps that was the single biggest change in the company. @navyananda youve been manifesting this forever I am unbelievably proud of you PS- ofcourse I put up the bits about my kid - but the whole interview is an example of FEMALE FIERCENESS going to post the link on my story do watch, During a panel discussion on Mojo Story, Indra Nooyi said, Navya, I've got to tell you, when I agreed to mentor these four girls who were running Aara Health, their proposition was a terrific proposition.
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