Yet in spite of time constraints, she managed to find noted gurus and pursued classical music even as she grew her business and nurtured her family. By continuing to use our website, you agree Indra Krisnamurthy was born in Madras (now called Chennai), India, on October 28, 1955. Entrepreneur, trailblazer, philanthropist, musician. Indra's elder sister Chandrika, an IIM Ahmedabad alumna, has a consultancy Tandon Capital Associates, while her brother . "Fast forward to today where most of the ESG metrics are focused on this very topic . Leaders embracing a business approach driven by purpose are likely to be more profitable in the long-term than an attempt to maximise shareholder value, Suri sums up. The leaders who value people will make spending time on them a priority, and reap the benefits of loyalty, she adds. They took a long walk on the beach. 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. The rest is up to you. 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. The house was eerily quiet when she wasnt home. 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. In addition to her work at PepsiCo Indra serves on numerous boards including the PepsiCo board of Directors, U.S.-China Business Council, U.S.-India Council and The Consumer Goods Forum. They had strong points of view about what government or companies should be doing to help citizens of the country. Her fourth album, ShivohamThe Quest, is a collaboration of over 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 describes the reaction in 2006, when she became CEO. 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. I was never in doubt that the head of the household and of the family resided in the mens living room. "When . In 2006 Indra was named President and CEO of PepsiCo, and assumed the role of Chairman in 2007. Sharing an anecdote, Nooyi, in a 2017 LinkedIn post, recalled how she realised the importance of work-life balance when was reminded by her mother of the same. 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. His marriage was puzzling to me. At a personal level, Tandon has pursued her artistic talents through tough situations. We got an hour to snack and play until Appa came home at about 5:30 pm. He Earned an Engineering Degree from The University of Texas. Leadership Indra Nooyi reflects on her time as . 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. Awards and Milestones. from IIM Calcutta in 1977. It doesnt matter what you, as a leader of a family or corporation, tell people; its what you show them that registers. 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. Staying informed as a leader gives you the advantage of recognising shifts in corporate/customer dynamics at agrassroots level, she asserts. Compassion allows you to give completely of yourself., (Right) Chandrika Tandon performing Shivoham at the Kennedy Center. Last year, she received the 2019 Horatio Alger Award, which honors outstanding leaders who have accomplished great successes in spite of adversity. Nooyi stepped down as the CEO of PepsiCo in 2018 after helming the company for almost a decade. Indra began her career with PepsiCo in 1994 as Senior Vice President of Strategic Planning and was promoted in 1996 to Senior Vice President of Corporate Strategy and Development. She has been ranked 13 on theForbeslist of the Worlds 100 most powerful women. By Indra Nooyi. Ill never forget coming home after being named President of PepsiCo back in 2001. At the end of the day, we have to make our corner of it much better. Nevertheless, growing up the first girl child in a traditional Tamil Brahmin family in Chennai, conservatism ruled. By signing up you agree to our User Agreement and Privacy Policy & Cookie Statement. About My Life in Full. Her father was a bank official, and her mother was a house wife. The first woman, person of color, and immigrant to run a Fortune 50 company - and one of the foremost strategic thinkers of our time - Nooyi transformed PepsiCo with a unique vision, a vigorous pursuit of excellence, and a deep sense of purpose. 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. Indra Nooyi, (born October 28, 1955, Madras [now Chennai], India), Indian-born American businesswoman who was instrumental in the lucrative restructuring and diversification of soft-drink manufacturer PepsiCo, Inc.'s brands. Thatha believed that a good handwriting meant a good future.. 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. She is not hung up on pay. She is also a revered role model for women and immigrants and celebrated for her empowering messages on inclusivity. For the unversed, megastar Amitabh Bachchan's granddaughter, Navya Naveli Nanda turned entrepreneur from a young age. 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). It changes relationships within the family and it changes the relationship with yourself. Raped By Brother, Father, Uncle, Grandfather - Why 'What Was Her Mother Doing' Is The Wrong Q To Ask! For Indra Nooyi, the First Lesson in Executive Ability Happened at Home. As we worked through rehearsals, different ideas emerged about what worked on stage. All rights reserved. Our job was to make sure she didnt bulk up the milk by adding water. I didn't.. In 2009, she received the Walter Nichols Medal from NYU Stern School of Business for representing the highest ideals of business, service, and integrityprior recipients include John D. Rockefeller, Alan Greenspan, and Jack Welch. She sings karaoke; she plays electric guitar. every part of the bank simultaneously, in a very short period of time. My mother was always in and out of the room, serving coffee and snacks to visitors, or tidying up. I see this again and againin myself and others. Its newest products, like premium-priced juice, may face resistance from budget-conscious consumers. She didnt get the chance to attend college and she directed that frustration into making sure her girls could soar. Can you share with us the journey, beginning with the idea and its birth? Nobody can take that place. 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. Don't . They also made sure to instill the belief in Indra and her two siblings that they could become anything they wanted to be regardless of gender, encouraging all three of their children to dream big. 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 Then wed line up in the same space to sleep, boys and girls in a row on a large, colorful mat, each with our own pillow and cotton sheet. Then there would be more schoolwork, chores and lights out. 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. They hadnt necessarily sung together before, Had no idea who Navya Nanda was, only saw an extraordinary businesswoman: Former Pepsi Co CEO Indra Nooyi. My grandparents had eight kids, but when I knew my grandmother before she died, they never seemed to speak. When I was about 6, my sister, Chandrika, and I were assigned daily chores. Shes come full circle now, as her daughter Lita, also an executive at McKinsey, has given birth to her first child, making Tandon a recent grandmother. M.A. MPW Former PepsiCo CEO Indra Nooyi explains why she 'never ever, ever' asked for a raise. 2023 Cond Nast. Sukanya Datta The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. All of youmy PepsiCo familyhave held a special place . "It was a simple strategy to future-proof the company," Nooyi said. She took her first job at Tootal, a British textile company in India. 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? We were accustomed to honesty over false encouragement. Chandrika Tandon is Vice Chairman of the Board of Trustees of NYU, Chairman of the NYU Presidents Global Council, and Chairman of NYU Tandon School of Engineering, and serves on the Business School and Medical School/ Hospital Boards. 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. 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. Rihanna Is Pregnant With Her Second Child, Blake Lively Announces the Birth of Her Fourth Child, Dwyane Wade and Gabrielle Union Are the Parents Every LGBTQ+ Child Deserves, At Eckhaus Latta, Glossy Skin and Liquid Latex Gloves Rule, Start Your Routine Off Right With The Best Face Primers. We swayed and sang our school songs. Raj, 63, attended college in the United States. Indra Nooyi had shared a stage with Priyanka Chopra in 2018 at an event. 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. Then shed make breakfast, usually oat porridge with milk, sugar and cardamom powder. What place will Shivoham hold in your heart as you move on to other things? Aara Health is an organisation co-founded by Navya along with Mallika Sahney, Pragya Saboo and Ahilya Mehta . She continued on with her education, receiving her M.B.A. in 1978 from the Indian Institute of Management in Calcutta. Sharing an anecdote, Indra Nooyi, in a 2017 LinkedIn post, recalled how she realised the importance of work-life balance when was reminded by her mother of the same. An international leader in corporate business, Indra Nooyi is a visionary known for her keen intellect, strategic thinking, can-do attitude, and consistently demonstrating a commitment to sustainability and corporate responsibility to society as a whole. 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 days playing, snoozing and singing on a huge rosewood swing set that graced the womens living room in their middle-class Madras home. This has become the prism with which I view my whole life and from Madras Christian College in 1974 P.G.D.M. Follow us on our social media channels to stay connected. Please fill up the form for authorized use of the content. Above all, her every pursuit has been imbued with the search for a higher way of living. She rememberedthat a movie theatre she and her friend visitedwas destroyed the very next day. The company's stock has more than doubled since 2003 and now hovers around $70 a share, up about 10% since she took over. We grew up in a very simple home in a very old city, where Vedic traditions are performed to this day. Our website is a virtual hall and is the primary space for our exhibits and materials. 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. He was born in 1883 in Palghat in the state of Kerala, which, under the British, was part of the Madras Presidency. whom she later credited as an inspiration, was a district judge. Total cash returned to shareholders through dividends and share repurchases of . 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. By 8 a.m., shed be in the garden, working alongside Shanmugam, our gardener, tending flowers and pruning the bushes. 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 . DNA: PM Modi's scathing attack on the opposition. But theres more to life than the next big business deal. Nevertheless, growing up the first girl child in a traditional Tamil Brahmin family in Chennai, conservatism ruled. Indra Nooyi- Honors & Awards. If the forest were only filled with nightingales, it would be a very boring forest indeed. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. But Wall Street will care much more about how well Nooyi handles corn prices than about how well she solves world problems. For a dozen years as one of the world's most admired CEOs, Indra Nooyi redefined what it means to be an exceptional leader. Suri notes that like Nooyi, good leaders demonstrate a you-come-first attitude. The awe-inspiring book traces her journey across the globe. With the help of a coach, we decode a few crucial lessons from the book, Nooyis memoir emphasises on the need for workplaces to view employees, and their families, as part of the organisation. Children came and wenthanging out, reading or working on homework. If the power was on, a fan turned lazily overhead, pretending to break the heat when the overnight temperature was 85F (29.5C). 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As a woman who has held her own in male-dominated industries for more than two decades, here are some of Indra's pearls of wisdom for running a multibillion-dollar company. The children were given various responsibilities for household chores from the age of 6-7 but their . He was entirely dedicated to his young grandchildren, introducing us to ever-more-sophisticated books and ideas, explaining geometry theorems, and pressing for detail and clarity on our school efforts. Often, there would be power cuts and the house was plunged into darkness. She received a degree in chemistry, physics, and math from Madras Christian College in 1976, where she considered herself a bit of a rule breaker by joining an all-girls cricket team and becoming a member of an all-girls rock band. Choosing a great sounding choir was really important. Tandon and the Member Class of 2019 will be formally inducted into the Association on April 4-6, 2019, during the 72, For Chandrika Tandon, the pieces of the jigsaw puzzle fit perfectly:We are custodians of the planet and we are here for a very short time. Here's what you need to know about Raj K. Nooyi: 1. I absolutely adored him. She has been featured in Forbes' "The World's 100 Most Powerful Women," Fortune' s . 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. Former PepsiCo CEO Indra Nooyi has called the coming decades "the decades of women" as economies move into a new phase of growth. At a recent performance of She received a degree in chemistry, physics, and math from Madras . My mother, who I call Amma, used that buffalo milk for the yoghurt, the butter and the delicious, aromatic South Indian coffee that were staples of our vegetarian diet. PepsiCo's three ex-CEOs, all on good terms with one another, weighed in to help Nooyi keep White onboard. Nooyi learned that simplifying messages means that you start with the big picture--the conclusion. There is no longer a free pass for the ugly American company: Should Baked Lays fail to live up to its health claims, it'll get bounced off the store shelf by regulators in Britain. But when you step into this house, youre a wife and mother first. 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. Day after day, each meal was uniquely prepared, eaten and cleaned up, with no leftovers. , Meet Chandrika Tandon businesswoman andGrammy nominated musician. from Yale School of Management in 1978. 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. The company, that is, not the beverage. 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 ). This group of companies is all about social networking to connect with their customers. Copyright 2021 by Preetara LLC. The organisationis honouring Tandon along with 12 other noted names who have overcome adversity to achieve success. The men would gather on the rooms two large sofas and talk about world affairs, local politics or current issues. He checked our work regularly. 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. in . Thisfeeling of compassion allows you to give completely of yourself.. We are engines of efficiency. Factset: FactSet Research Systems Inc. 2018. Credits: Forbes. My father, an unusual man for the times, was around too, assisting with the chores and helping care for the children. That was exhilarating for me personally as I was struck by the very concrete and dramatic impact that one could create with focused attention and the extraordinary opportunity financial services presented, as it was a very inefficient industry with a history of regulation. Yet within a few years she went on to become a partner at this prestigious company, the first Indian-American woman to be selected. Nooyi's family was middle class and, like most of their neighbors, devout Hindus and relatively conservative. I had no idea who Navya Nanda was when I was mentoring her. She was named President and CEO of PepsiCo in 2006 becoming the fifth CEO in PepsiCos 44-year history. The latest fashion news, beauty coverage, celebrity style, fashion week updates, culture reviews, and videos on Vogue.com. These compositions represent her continuing journey into the light. He had a Masters degree in mathematics and worked in a bank. We had no refrigerator. He would be an important advisor. For the unversed, megastar Amitabh Bachchan's granddaughter, Navya Naveli Nanda turned entrepreneur from a young age. #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 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. She replied, It can wait. It really changes the way you think about people, how you spend your time. (Left) Receiving the Gallatin medal, NYUs highest honor. An absolute dream come true for her, and no greater joy for a mother than to see her daughter realise her dreams. She had an elder sister and a younger brother. With her elevation to the post, PepsiCo became the second-largest company in the United States with a female CEOthe largest if a ranking of companies by total stock value was used. Says Nooyi: "I treat Mike as my partner. For me, its become almost a meditation. Kids were given a cup of Bournvita, a chocolate malt drink. Employees work best when theyre able to accomplish everything they need to do professionally, while ensuring they meet all home and family obligations without burnout, she reveals. Indra Nooyi (second from left) with her brother Nandu Narayanan (left), grandfather A. Narayana Sarma, and older sister Chandrika Tandon: 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. None of us liked that at all. You had many performers on the album and recorded it on three continentshow did you manage to fine-tune it for the stage? All the major prayers like the Vishnu Sahasranamam were chanted in our home every day.. 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. All products featured on Vogue are independently selected by our editors. 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. No sooner had PepsiCo president Indra Nooyi gotten word 18 months ago that she was to become the next CEO than she hopped on a plane to Cape Cod, where Mike White, her main challenger for the job, was vacationing. And I'm thinking to myself, I wish I had her maturity when I was her age. Then we sat on the floor at Thathas feet to do our homework, even though we had our own desks. Building a culture of ownership. It really changes the way you think about people, how you spend your time. Thats our job. Tandons life story is a classic example. Indra Nooyi and Chandrika Tandon. She listened to Carnatic music and sang along. "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.