Learn more about the time period in which this Inductee lived. But the heart and soul of our lively existence was down the hall, in the open space with the red-tiled floor and the gigantic rosewood swing. She picked flowers to adorn the prayer room, a large alcove in the kitchen, where she told her daily prayers, often while she was cooking. Through all of this, she reminds us, her family two daughters, husband, parents and siblings continues to occupy centrestage. Once my father and the kids had left home, shed be back in the kitchen, preparing lunch for Thatha, Chandrika and me. 2 Be open to feedback: Instead of fearing the critics slamming PepsiCo for unhealthy products, Nooyi learnt from them, changing the course of the company towards a more responsible and environmentally sustainable direction. For me, its become almost a meditation. When it was his turn to speak to the troops at the meeting the following week to announce Nooyi's appointment, he put it this way: "I play the piano and Indra sings." I absolutely adored him. At the 2008 World Economic Forum in Davos she told Secretary of State Condoleezza Rice it was critically important that "we use corporations as a productive player in addressing some of the big issues facing the world.". You took many performers from New York, London, and India. Indra Nooyi had shared a stage with Priyanka Chopra in 2018 at an event. She went on a hunger strike to be allowed to go to the college of her choice andin 1973, she graduated with a bachelors degree in commerce from Madras Christian College. PepsiCo's three ex-CEOs, all on good terms with one another, weighed in to help Nooyi keep White onboard. From her school and college days in Madras/Chennai to her B-school years in IIM Calcutta, a sales trainee in Mumbai, and an immigrant student at Yale, it charts her ascent as a diligent, hard-working strategist who rose through the ranks at Motorola, The Boston Consulting Group, ASEA Brown Boveri and PepsiCo. Children: Tara Nooyi, Preetha Nooyi. Shed be dressed and in the kitchen when the milk was carried in, and soon deliver the first cup of coffee to Thatha and my father. They were loud, talked over each other, and moved the conversation along. Don't . In 2011, Nooyi received $17 million as CEO of PepsiCo, which includes a basic salary of $1.9 million, a cash bonus of $2.5 million, a pension value of $2.5 million, and $3 million in deferred remuneration. 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. Their elder daughter Preetha holds an MBA from Yale School of Management, the same school where . www.lassiwithlavina.com. An Oxford English Dictionary and a Cambridge Dictionary, both bound in burgundy-colored leather, lay on a wooden side table. Under Nooyi's leadership since 2006, PepsiCo has delivered strong results: Net revenue grew from $35 billion in 2006 to $63.5 billion in 2017, a compound annual growth rate of 5.5%. Nothing was discarded. Website designed and developed in partnership with Slalom Hartford. www.facebook.com/LassiwithLavina/. Indra Nooyi was born on October 28, 1955, in Madras, Tamil Nadu, India. Tandon was the first female partner at McKinsey to give birth and bringing it full circle, her daughter Lita, who also works at McKinsey, gave birth to her first child, making Tandon arecentgrandmother. from IIM Calcutta in 1977 M.A. In this role, Ms Nooyi was the chief architect of Performance with Purpose, PepsiCo's pledge to do what's right for the business by being responsive to the needs of the world around it. Nooyi earned a bachelor's degree in chemistry from Madras Christian College in . I think of Amma as busy all the time. We . 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. Both had been CFOs and rising stars. Indra Nooyi (second from left) with her brother Nandu Narayanan (left), grandfather A. Narayana Sarma, and older sister Chandrika Tandon: Indra and Raj have two grown-up daughters - Preetha Nooyi and Tara Nooyi. We had no refrigerator. 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). Published Oct 2, 2018. , Meet Chandrika Tandon businesswoman andGrammy nominated musician. Ive got great news for you, I shouted. She has also received 14 honorary degrees and numerous awards including the 2007 Padma Bhushan Award from the President of India. We swayed and sang our school songs. Yet within a few years she went on to become a partner at this prestigious company, the first Indian-American woman to be selected. 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. Its when leaders stop coming from the space of I know better or I know it all, that the paradigm shifts towards growth. Copyright 2021 by Preetara LLC. Times Professional Learning launches Post Graduate Programme in e-Commerce & Supply Chain Management, Indian Institute of Management Bodh Gaya, Times Professional Learning launch Executive Certificate Programme in Digital Marketing for Business. I see this again and againin myself and others. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. Follow us on our social media channels to stay connected. of the universe (earth, water, fire, air, and space), can help get rid of negative emotions. Nooyi, who turned 66 in October, is currently on the boards of Amazon, Philips and the International Cricket Council. and provide personalised recommendations. Thatha once had my sister and me read Nicholas Nickleby, the almost 1000-page novel by Charles Dickens. . And when I come back, Im hopping mad. Both loved music. How did you decide which performers went to Kennedy Center? The weakness of the company was a . On very hot days, we drank kanji, a mix of cooked rice soaked in water overnight, and then blended with diluted buttermilk. 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. She then went on to work for Johnson & Johnson as brand manager overseeing the companys Stayfree account. Ms Tandon defines tenacity and boldness characteristics that many of our Scholars also embody, says Terrence J Giroux, executive director, Horatio Alger Association. Thats our job. Her first job was with Citibank and it took her to war-torn Beirut, a place with curfews, burning streets and blasts. This has become the prism with which I view my whole life and All rights reserved. Since becoming CEO, she has reorganized PepsiCo to make it less fixated on the U.S. and broadened the power structure by doubling her executive team to 29. Often, there would be power cuts and the house was plunged into darkness. 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 . Navya graduated from Sevenoaks School in Kent, London along with Shah Rukh Khan's son Aryan Khan. Her friend Henry Kissinger predicts that it's only a matter of time before she is plucked for a big Washington post, possibly a cabinet job, and Nooyi acknowledges that at some point, she'd like that. Education: University of Madras (BS), Indian Institute of Management, Calcutta (MBA), Yale University (MS) Indra Nooyi is an Indian-American businesswoman, best known as the former chief executive officer of the PepsiCo company. All rights reserved. Under her leadership, PepsiCo's revenue grew from $35 billion in 2006 . She adopted her husband's surname after marriage. Suddenly, however, a change in the economic environment is likely to test whether Nooyi is a leader for all seasons. Pepsi CEO Indra Nooyi is stepping down after 24 years with the company see her life and career, from moving to the US at age 22 to earning $31 million last year. If the forest were only filled with nightingales, it would be a very boring forest indeed. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. others around methere is no judgment! 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). She has opened new musical worlds for students through the Berklee Tandon Global Clinics that offer workshops, artist residences, To revist this article, visit My Profile, then View saved stories. And I'm thinking to myself, I wish I had her maturity when I was her age. You may be the President of PepsiCo. Compassion allows you to give completely of yourself., (Right) Chandrika Tandon performing Shivoham at the Kennedy Center. And a CEO had better be taking the moral high road. Copyright 2022 Mid-Day Infomedia Ltd. All Rights Reserved. Her fourth album. Here's what you need to know about Raj K. Nooyi: 1. But she always cooked us fresh meals that were packed into neat tiffin carriers and sent warm to school. She has also founded the Hindu Community Outreach Initiative for youth and seniors, donating buildings and Building a culture of ownership. Since her start as CEO PepsiCos annual net profit has risen from $2.7 billion to $6.5 billion, and under Indras strategic leadership PepsiCo launchedPerformance with Purposein 2009. Nevertheless, growing up the first girl child in a traditional Tamil Brahmin family in Chennai, conservatism ruled. He slept on the carved-wood divan with deep blue upholstery. She was surprised that her parents agreed to let her go abroad. That kind of scene may be rare in the hypercompetitive realm of C-suites, but not at PepsiCo (PEP, Fortune 500) (rank on the 2007 Fortune 500: No. He was the pride and joy of the entire family someone to carry on the family name. She currently resides in Greenwich, Connecticut with her husband of 35 years Raj K. Nooyi and has two daughters. Get Tickets. CONNECTICUT WOMENS HALL OF FAME320 Fitch Street,Schwartz Hall - B3,New Haven, CT, 06515(203) 392-9007. the Hindu Temple Society of North America. For Indra Nooyi, the First Lesson in Executive Ability Happened at Home. This path of service is what transforms life and helps all the pieces to fall into place, like a giant jigsaw puzzle. Nooyi learned that simplifying messages means that you start with the big picture--the conclusion. It really changes the way you think about people, how you spend your time. She pursued digital technology at Fordham University in New York. in . Decision-making as an art and a . She grew up in a close family with two siblings, her parents, and her grandparents. On the other hand, my spiritual practices have changed the way I view people, problems, and relationships; they have altered my view of success and perfection in both life and business. "They said, 'We're a soda-and-chips company,'" Nooyi told a Yale School of Management student audience on . At the event, Indra and Priyanka had talked about breaking barriers . When they'd been kicked out of a board meeting the previous month while their fates were being discussed, they went to the Jersey Boys musical on Broadway and sang along to all the Frankie Valli songs. But Wall Street will care much more about how well Nooyi handles corn prices than about how well she solves world problems. She was a middle child, dark-skinned, tall and skinny. It doesnt matter what you, as a leader of a family or corporation, tell people; its what you show them that registers. Indra Nooyi: A taste of Pepsi Cola 1. "I believe we need an approach like this to attack obesity. 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. She had an elder sister and a younger brother. Music has made me understand perfection in a wholly different way. How do you reconcile your business world and spirituality? He would be an important advisor. Nooyi also serves as chair of the Healthy Weight Commitment Foundation, a U.S effort that brings together retailers, restaurants and food and beverage manufacturers to help reduce obesity, especially in children. At a personal level, Tandon has pursued her artistic talents through tough situations. She is a Successor Fellow of the Yale Corporation and was appointed by The Obama Administration to the U.S.-India CEO Forum. My spiritual practices also make me realize viscerally how much the Divine is of everything we do. For Tandon, the joy is in being able to be a mentor to so many young people in the schools and colleges she supports. I was lucky that my father, who I called Appa, was completely on board. from IIM Calcutta in 1977. Once we had the arrangements figured out, I collaborated Last year, she received the 2019 Horatio Alger Award, which honors outstanding leaders who have accomplished great successes in spite of adversity. "Fast forward to today where most of the ESG metrics are focused on this very topic . She's cosmopolitan, rigorously educated, and a strategic thinker - her background is Boston Consulting Group - much more interested in the burgeoning markets in Russia and China than in the noisy U.S. cola wars. Why Indra Nooyi is focused on family rather than flying to Mars.Also read: https://bit.ly/3oaskCH-----. Indra seems to understand this instinctively.". Why not start making change now? MPW Former PepsiCo CEO Indra Nooyi explains why she 'never ever, ever' asked for a raise. for only $11.00 $9.35/page. It was an iterative and very collaborative process, which was extremely rewarding. Lavina Melwani is a New York-based journalist. She interviewed at McKinsey in a sari and chappals, wearing a borrowed coat. This website uses cookie or similar technologies, to enhance your browsing experience Kids were given a cup of Bournvita, a chocolate malt drink. She was born in October 1955 in Chennai (Madras). My mother was always in and out of the room, serving coffee and snacks to visitors, or tidying up. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. For me, its become almost a meditation. Factset: FactSet Research Systems Inc. 2018. I had no idea who Navya Nanda was when I was mentoring her. The Tandons commitment to education extends to leadership faculty chairs they have established at the Harvard Business School, Yale, IIM(A), and Madras Christian College in India. He warmly welcomed visitors, who almost always dropped by unannounced. Apparel Manufacturers of India, the leading apparel group of manufacturers and traders has recently concluded the 10th edition of its trade fair in Chennai this week. This came from the top from our familys interpretation of centuries-old Brahmin values, from Indias mid-century mission to prosper as a newly independent nation and from Thathas world view. Indra Krisnamurthy was born in Madras (now called Chennai), India, on October 28, 1955. 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. Having spent a lifetime striving for perfection, you really understand you are perfection today, right now, right herethat different people make different forms of music, and they are all beautiful and perfect. 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. Once you even glimpse that place you are on a new journey.Business, arts and philanthropy can all be accommodated in a balanced lifestyle. Enjoyed reading Khabar magazine? 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. Aara Health is an organisation co-founded by Navya along with Mallika Sahney, Pragya Saboo and Ahilya Mehta in 2020. About why she left a lucrative position with McKinsey to branch out on her own, she says, In 1986 I worked with a failing bank in Brazil. The above address is for mailing and administrative purposes. The stove was fueled with kerosene and the fumes could be overpowering. All times are ET. She sings karaoke; she plays electric guitar. 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. Amma always wore flowers in her hair, a string of white or colorful blooms around her dark bun or ponytail. Indra Nooyi, the former chair and CEO of PepsiCo, is one of the only women to run a Fortune 50 company and one of the foremost strategic thinkers of our time. 3 Theres no substitute for research and legwork: Be it as a sales trainee going door to door in Mumbai, a senior executive diving into research to devise strategy, or a CEO making personal visits to grocery stores to understand how people buy, Nooyi is never afraid of legwork. A WarnerMedia Company. All rights reserved. He dressed in a perfectly pressed white dhoti and a light-colored half-sleeve shirt. December 29, 2021. Thats where my mother kept the household running, with the help of Shakuntala, a young woman who did the dishes at the outdoor sink and swabbed the floors. You must be accessible. Choosing a great sounding choir was really important. She speaks about biases she fights, the influence of "Bengali culture" in her life and . I went into myself, came to a new way of seeing "success" as freedom to do what I wanted. Get all latest Business News, Market News , Income Tax News, Share Market, Sensex Today live updates on Times Now, Former PepsiCo CEO Indra Nooyi I Source: @IndraNooyi  |  Photo Credit: Twitter, When Indian PM and US President both claimed Indra Nooyi is one of theirs, India has huge potential, real question is speed of growth: Former PepsiCo chairperson Indra Nooyi, Former PepsiCo CEO Indra Nooyi joins Amazon Board of Directors, Oats Rava Idli Burger | Homemade Idli Burger | Healthy Burgers, Healthy Vegan Butter 3 Ways | Peanut, Cashew & Almond Butter Recipe | The Foodie, Chicken Thukpa Recipe | How To Make Chicken Thukpa | Yummy Tibetan Noodle Soup | Chicken Noodle Soup, Borivali Chowpatty | Bahubali Gola | Pizza Blast Sandwich | Mumbai Street Food | Foodie's Day Out, Chicken Hot Pan Recipe | Hot & Spicy Chicken recipe | Easy Chicken Starters | Chicken Meatballs, Mohsin Khan to join Anupamaa? Then shed head back home to cook again. Jump to the present Chandrika Tandon now a business leader, Grammy-nominated artist and philanthropist is set to receive the2019 Horatio Alger Award for Distinguished Americans. My mother, her sisters and her cousins, wearing simple saris in fuchsia, blue or yellow, rocked on it in the late afternoon with cups of sweet, milky coffee, their bare feet stretched to the floor to keep it moving. Her sister, Indra Nooyi, has been the high-profile President and CEO of PepsiCo and her brother, Nandu Narayanan, heads Trident Investment Management. Her fluency in the global arena is increasingly critical to the business. She blogs at In 2007, Indian Government honored her with. She 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. We played hide-and-go-seek, we climbed trees and picked the mangoes and guavas that grew in the garden surrounding the house. "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. . 808 certified writers online. A local woman would arrive with the big, gray animal and milk her for the days supply. As we worked through rehearsals, different ideas emerged about what worked on stage. Once rates start to rise, things could get ugly fast for our neighbors to the north. 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. None of us liked that at all. Brother - Narayan Krishnamurthy. 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. By Karen Guzman. The clerk would wrap up the lentils, rice or pulses into a newspaper curled into a cone, and tie it with twine at the top. Had no idea who Navya Nanda was, only saw an extraordinary businesswoman: Former Pepsi Co CEO Indra Nooyi. Can you share with us the journey, beginning with the idea and its birth? Indra Nooyi is the former CEO and chairman of PepsiCo and author of her new memoir, My Life in Full. Day after day, each meal was uniquely prepared, eaten and cleaned up, with no leftovers. And it's a proposition that suited the Indian zeitgeist I just loved what the four were doing; dedicated, hard-working.. All of youmy PepsiCo familyhave held a special place . Excerpted from My Life in Full:Work, Family, and our Future by Indra Nooyi with permission from Portfolio, an imprint of Penguin Publishing Group, a division of Penguin Random House, LLC. Indra had a thirteen month older sister (Chandrika) and a eight year younger brother (Nandu). My daughter comes home from school, throws her bag, goes to play, but sitting in front of the computer because their definition of play has changed.