Monday, August 27, 2007

Indra Nooyi

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Indra Nooyi

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Indra Krishnamurthy Nooyi (born October 28, 1955 in Chennai, Tamil Nadu, India) is the chairman and chief executive officer of PepsiCo, the world's fourth-largest food and beverage company. On August 14, 2006, she was named the next to succeed Steve Reinemund as chief executive officer of the company. Reinemund, 58, retired on October 1, 2006. According to Forbes magazine's 2006 poll, Ms. Nooyi is the fourth most powerful woman in the world. She has been named the #1 Most Powerful Woman in Business in 2006 by Fortune magazine.

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[edit] Early life and career

She received a bachelor's degree from Madras Christian College in 1974, and immediately entered the PGDBA (Post-Graduate Diploma in Business Administration; MBA equivalent) program at the Indian Institute of Management, Calcutta. After graduating from IIM-C in 1976, she worked in India for several years (including a stretch at Madurai Coates). She was admitted to Yale School of Management in 1978 for a master's degree in Management, which essentially replicated her IIM-C certification. Following her master's degree from Yale in 1980, Nooyi started at The Boston Consulting Group (BCG), from where she moved on to strategy positions at Motorola and ABB.

Nooyi is a Successor Fellow at Yale Corporation and serves on the board of directors of several organizations, including Motorola, the Federal Reserve Bank of New York, the International Rescue Committee, and the Lincoln Center for the Performing Arts. Among her friends are former Secretary of State Henry Kissinger, who describes her as a "wild New York Yankees fan."

She lives in Greenwich, Connecticut with her husband, Raj Kishan Nooyi, and their two daughters.

[edit] Pepsi executive

She joined PepsiCo in 1994, was named president and CFO in 2001. On August 14, 2006, she was named the CEO of PepsiCo, becoming the fifth CEO in PepsiCo's 41-year history.

While at PepsiCo, Indra Nooyi has played a vital role in starting Tricon, which is currently known as Yum! Brands Inc. Nooyi recommended spinning off Taco Bell, KFC and Pizza Hut, arguing PepsiCo couldn't bring enough value to the fast food industry. Nooyi also took the lead in the acquisition of Tropicana in 1998, and merger with Quaker Oats Co. She is also noted for promoting the concept of "performance with purpose," aiming to make PepsiCo a leader in offering healthy foods and hiring a diverse workforce.

According to BusinessWeek, since she became CFO, the company's annual revenues have risen 72%, while net profit more than doubled, to $5.6 billion in 2006.[1]

Nooyi was named on Wall Street Journal's list of 50 women to watch in 2005, and in 2007 was listed among Time's 100 Most Influential People in The World. She was also ranked #1 on Fortune Magazine's list of most powerful women in business.

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[edit] External links

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