But she always cooked us fresh meals that were packed into neat tiffin carriers and sent warm to school. We auditioned intensively and ultimately selected a mix of students, faculty, and alumni from NYU, as well as a few other talented singers from New York City. October 8, 2021. Its something that happens once in a lifetime. NBA confirms L.A. 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She did not even own a western outfit, interviewing in a sari and chappals, wearing a borrowed coat. Can you share with us the journey, beginning with the idea and its birth? Report a problem? 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. She pursued digital technology at Fordham University in New York. An intimate and powerful memoir by the trailblazing former CEO of PepsiCo. @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. Once you even glimpse that place, you are on a new journey.. "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. Through the Krishnamurthy Tandon Foundation, she and her husband Ranjan Tandon have donated to many educational causes, including a very transformative $100 million to the NYU (New York University) Tandon School of Engineering. experience for themselves and the audience. 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. How she did it, Ill never know. Nevertheless, growing up the first girl child in a traditional Tamil Brahmin family in Chennai, conservatism ruled. Indra seems to understand this instinctively.". For Tandon, the joy is in being able to be a mentor to so many young people in the schools and colleges she supports. It doesnt matter what you, as a leader of a family or corporation, tell people; its what you show them that registers. They need what you need -- building a culture of trust. Thanks to that passion for music, Tandon is now a Grammy-nominated musician, whose albums of chants have transformed many lives. Sometimes, wed be under a mosquito net. 21, 2023. Indra Nooyi Leadership Style and Managerial Approach. Navya graduated from Sevenoaks School in Kent, London along with Shah Rukh Khan's son Aryan Khan. She documented all the transactions on a paper cash register and balanced the accounts each week. The children were given various responsibilities for household chores from the age of 6-7 but their . It changes relationships within the family and it changes the relationship with yourself. Brother - Narayan Krishnamurthy. 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. Its when leaders stop coming from the space of I know better or I know it all, that the paradigm shifts towards growth. The grains were poured into glass or aluminum canisters in the kitchen, the paper folded, the twine made into a ball, and both left on the shelf to be used again. We had no refrigerator. The Indian-American businesswoman said Covid-19 has served to . Morningstar: 2018 If we struggled with math, hed pull out papers on which hed already composed practice problems. Large orders would be delivered to the house in more newspaper cones. It is accelerating the inner transformation to find the light inside, and stay in. Through all of this, she reminds us, her family two daughters, husband, parents and siblings continues to occupy centrestage. During an interview earlier . Here are a few lessons from her life that stayed with us, and which victory coach Farzana Suri decodes for corporate leaders: 1 Show, dont tell: Despite steering the path of some of the most sought-after companies in the world, and becoming an inspiration for generations of women, Nooyi remains humble. He had studied math and law, and, for decades, was a district and sessions judge deciding both civil and criminal cases. The company, that is, not the beverage. from Madras Christian College in 1974, Does Indra Nooyi drink alcohol? 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. 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. Her South Asian heritage gives her a wide-angle view on the world. All the major prayers like the Vishnu Sahasranamam were chanted in our home every day.. 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. It really changes the way you think about people, how you spend your time. in . Chanting was all around me. They are great mentors for the young people in its scholarship programme who have critical financial need and have shown determination in overcoming adversity. These compositions represent her continuing journey into the light. 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. Published Oct 2, 2018. For a dozen years as one of the world's most admired CEOs, Indra Nooyi redefined what it means to be an exceptional leader. Shakuntala would spoon out the food while we sat under a tree in the playground. Above all, a seeker of the light. 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. 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). Capturing mosquitos with a clap of the hands was a required survival skill. She is not hung up on pay. She was told that an early arranged marriage was her destiny, with her mother collecting stainless steel utensils for her dowry from birth. I am on a quest to lose myself. 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: Perhaps that was the single biggest change in the company. 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. Thats not to say that the rules were just the same there was certainly a sense that girls were to be protected differently from boys. How IIT Delhis Programme in Entrepreneurship Development will help to build businesses? Libya's output is a fraction of global production, but it's crucial to the nation's economy. Music has made me understand perfection in a wholly different way. He dressed in a perfectly pressed white dhoti and a light-colored half-sleeve shirt. He was always there to take us to any lessons and walked around with a proud smile if we did something well. But intellectually and in terms of opportunities, I never felt held back by my sex. She listened to Carnatic music and sang along. Indra Nooyi is the former Chairman and Chief Executive Officer of PepsiCo (2006-2019); a Fortune 50 company with operations in more than 180 countries. "When . White was Pepsi's best operations man - the kind of guy who would be indispensable in a downturn. whom she later credited as an inspiration, was a district judge. He was born in 1883 in Palghat in the state of Kerala, which, under the British, was part of the Madras Presidency. Her belief in education as a game-changer has made her take a pro-active role in higher education, especially for those in need. 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. | My family belonged to the Samaveda lineage, where ancient Vedic mantras are sung with a tune and meter in a most breathtakingly beautiful way, she recalls. The company's stock has more than doubled since 2003 and now hovers around $70 a share, up about 10% since she took over. Thatha believed that a good handwriting meant a good future.. 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. The retail giant tops the Fortune 500 for the second year in a row. 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. In 2016, she was awarded the Gallatin medal, NYUs highest honor. I would keep notes about melodies and lyrics on little pieces of paper everywhere. 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. program support for after-school classes, health, and 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. Tandon is a big believer in intense meditation:It took me into the deepest parts of myself and let me experience my own light. Get Your Mid-Day Gold Yearly Subscription now at Rs 899 Rs 499! 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. M.A. In her new memoir, "My Life in Full . Indra took that message to heart (as did her older sister Chandrika Krishnamurth, 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). I just saw her as this extraordinary businessperson, but very young. Indra Nooyi accomplished all of that and much more in her tenure as PepsiCo CEO. : Not Known, She was raised by her mother along with her sister and in an interview, she revealed that every night at the dinner table, her mother asked them to write a speech about what we would do if we were. 2. The rest is up to you. 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. What about 'Buckle up'?" Decision-making as an art and a . In the fourth quarter of 2007, revenue went up 17%, to $12.3 billion, and operating profits rose 9%, to $1.7 billion. Once we had the arrangements figured out, I collaborated I got into spirituality, searched for answers, for purpose. that defines and consumes her the most 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 . Nobody can take that place. 1998-2022 INDIADOTCOM DIGITAL PRIVATE LIMITED, All rights reserved. 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. 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. Updated on: 28 September,2021 10:53 AM IST | Mumbai Her parents encouraged her from early childhood onward with math . Indra Nooyi: A taste of Pepsi Cola 1. She points out that NYU Tandonwith over 5,200 students,has many students who are from first generation families, a high percentage of students on aid, and many female students: She says: We are changing not just individual lives but we are changing generations.. She rememberedthat a movie theatre she and her friend visitedwas destroyed the very next day. December 29, 2021. They had strong points of view about what government or companies should be doing to help citizens of the country. 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%. By Shannon Tellis Indra Nooyi shared how she almost missed out on her second master's degree in the US because she was unmarried till the age of 22. The stove was fueled with kerosene and the fumes could be overpowering. DNA: PM Modi's scathing attack on the opposition. Like many immigrants, Tandon grew up in a middle-class family where both parents and children were deeply invested in the value of education. Her predecessor, Steven Reinemund, calls her a "larger-than-life leader." 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. Nooyi stepped down from the company in early 2019, but during her tenure, sales increased by 80% and PepsiCo's philanthropic and community initiatives expanded, leaving the company vastly more successful than when she joined. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Once rates start to rise, things could get ugly fast for our neighbors to the north. She interviewed at McKinsey in a sari and chappals, wearing a borrowed coat. Proud mommy Shweta Bachchan Nanda took to her Instagram handle and shared a video snippet with a caption: Thats my little girl, in conversation with her absolute idol !! Aara Health is an organisation co-founded by Navya along with Mallika Sahney, Pragya Saboo and Ahilya Mehta in 2020. 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. 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. Why Indra Nooyi is focused on family rather than flying to Mars.Also read: https://bit.ly/3oaskCH-----. In 1986 she began working for Motorola as a business development executive and then was promoted to the Director of Corporate Strategy and Planning and Vice President. That swing, with its gentle glide back and forth in the South Indian heat, set the stage for a million stories. They hadnt necessarily sung together before, We . The best music comes when I dont exist. I try to apply it in everything I do. 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. She says, We are changing not just individual lives but we are changing generations., For this high achiever, nurturing a rich inner life is as important, if not more so than material accomplishments. 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. In a recent oGoLead podcast interview, Nooyi offered the following advice, "The one thing I've learned is don't lie to the people. All the essentials: top fashion stories, editors picks, and celebrity style. 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. Her mother and father, a stay-at-home mom and an official or the State Bank respectively, put great importance on education and excelling in school. Awards and Milestones. Factset: FactSet Research Systems Inc. 2018. The house was eerily quiet when she wasnt home. The album is really the musical expression of my personal journey over the last twenty years. Nooyi's family was middle class and, like most of their neighbors, devout Hindus and relatively conservative. She received a degree in chemistry, physics, and math from Madras . Listed among Time's 100 Most Influential People in The World in 2007 and 2008. 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. At a personal level, Tandon has pursued her artistic talents through tough situations. White said he would sleep on it. When leaders open themselves to feedback, they show that their leadership is not about them, but what serves the greater good. She is also a revered role model for women and immigrants and celebrated for her empowering messages on inclusivity. 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A local woman would arrive with the big, gray animal and milk her for the days supply. Reasons you might have no idea about! All rights reserved. He was adept at walking away from any tense situation without exacerbating it. she asked. Tandon was the first woman partner at McKinsey to give birth. Indra Nooyi has led PepsiCo . 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. "It was a simple strategy to future-proof the company," Nooyi said. Amma always wore flowers in her hair, a string of white or colorful blooms around her dark bun or ponytail. And when I come back, Im hopping mad. Sukanya Datta And if you are just the next greedy American corporation, you don't stand a chance in China's tight labor market. every part of the bank simultaneously, in a very short period of time. (Left) Tandon checks out the innovation of the students at Tandon School of Engineering. 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. Indra Nooyi will be stepping down as PepsiCo CEO on October 3. Before she left, they went for ice cream. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. He was a quiet man with a wicked sense of humor, filled with wisdom. 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. She was a middle child, dark-skinned, tall and skinny. Indra Nooyi. But to play the guitar, you cut the nails. 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 . All times are ET. Both had been CFOs and rising stars. MPW Former PepsiCo CEO Indra Nooyi explains why she 'never ever, ever' asked for a raise. As Nooyi's plane landed on Cape Cod, there was White waiting for her at the airport with a card he'd written to congratulate her. She was told that an early arranged marriage was her destiny, with her mother . 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). All of youmy PepsiCo familyhave held a special place . During a panel discussion on Mojo Story, she even revealed about not knowing at first who Navya was. Great variety was available, for a price. My hope is that with the narrative that accompanies this album, I will be able to help others start 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. I have always felt that she lived her life vicariously through her daughters, wishing for us the freedoms she never had. Before we slept, we had to tell our prayers loudly so my mother could hear them the Lords Prayer, which we also recited at school, and then a couple of Sanskrit prayers. She was surprised that her parents agreed to let her go abroad. If the power was on, a fan turned lazily overhead, pretending to break the heat when the overnight temperature was 85F (29.5C). I think of Amma as busy all the time. Of course, there are curveballs, but Nooyi offers us an honest insight into how she hits them out of the park. Her father was a bank official, and her mother was a house wife. Photograph by John Loomis / Redux. For example, Song of Blessings emanated from a ten-day silent Vipassana retreat, and Song of Compassion was originally composed for the Hindu Community Choir, which I founded and led for many years. If I had to rewind my life, I would add more compassion to it. He often allowed me to tag along with him. Learn more about the time period in which this Inductee lived. Amma served Thatha his midday meal on a large silver platter with little bowls for the various vegetables and accompaniments. 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. Ive just been named President of PepsiCo. She speaks about biases she fights, the influence of "Bengali culture" in her life and . The two had worked together for years. 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 . 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. "Do you remember campaigns like 'Keep America beautiful'? In her childhood, she was a rebellious young girl and was known to be wild. When Chandrika Tandon first came to America at the age of 24 to interview for a job at McKinsey & Company, she had no American degree and no green card. With the U.S. marketplace in slow-growth mode even in the best of times, the biggest opportunities are overseas. We felt important. They spoke in Tamil or in English, often swapping between the two. At the end of the day, we have to make our corner of it much better. He Earned an Engineering Degree from The University of Texas. Set too ambitious a profit target in India, and there will be hell to pay if your bottling company drains the water table. "You have to relate your interests to the interests of other parts of the world - to be relevant in their societies. Navya Nanda is the granddaughter of Amitabh . . 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). Birthday: October 28, 1955. This has become the prism with which I view my whole life and Just . Tandonis vice-chairman of the Board of Trustees of NYU, chairman of the NYU Presidents Global Council, and chairman of the NYU Tandon School of Engineering andserves on the Business School and Medical School/ Hospital Boards. 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. "Companies today are bigger than many economies. 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. For the unversed, megastar Amitabh Bachchan's granddaughter, Navya Naveli Nanda turned entrepreneurfrom a young age. Dear Fellow Associates, As I sat down to write this notemy last as CEOI felt a surge of emotions. 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. Mosquitos buzzed around, loving the dark and feasting on all of us. When it came to business school, she wasactually one of only eight women in her batch atIIM Ahmedabad, at that time an-all male bastion. Rockefeller, who has served as chairman since 2013, becomes trustee emeritus. "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. She went on a hunger strike to be allowed to go to college. I was never in doubt that the head of the household and of the family resided in the mens living room. I absolutely adored him. Chandrika and I returned home from school at around 4:30 pm, and were greeted by Thatha and Amma. 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. In 2016 she was awarded the Gallatin medal, NYUs highest honour. Thatha once had my sister and me read Nicholas Nickleby, the almost 1000-page novel by Charles Dickens. I try to apply it in everything I do in my life. 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. 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. from IIM Calcutta in 1977. Nooyi served as the company's CEO (2006-18) and chairman of the board (2007-19). 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.
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