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Indra Nooyi

World Economic Forum Meet, Davos 2008
Born October 28, 1955 (1955-10-28) (age 54)
Chennai, Tamil Nadu, India
Nationality Indian
Citizenship India
Education Madras Christian College
IIM Calcutta
Yale School of Management
Occupation CEO, PepsiCo
Salary 2006:
Salary - $964,413
Cash Bonus - $3,000,000
Perks/Other - $153,506
Stock Awards - $1,033,505
Option Awards - $1,078,942
Total - $6,230,366[1]
Term 2006-Present
Predecessor Steven Reinemund
Board member of Lincoln Center for the Performing Arts
International Rescue Committee
Religion Hindu
Website
PepsiCo

Indra Krishnamurthy Nooyi (Tamil: இந்திரா கிருஷ்ணமூர்த்தி நூயி) born October 28, 1955 is the Chairperson and Chief Executive Officer (CEO) of PepsiCo, one of the world's leading food and beverage companies.[2] On August 14, 2006, Nooyi was named the successor to Steven Reinemund as chief executive officer of the company effective October 1, 2006.[3][4] On February 5, 2007, she was named Chairperson, effective May 2, 2007.[5]

She is a Successor Fellow of the Yale Corporation[6]. She is a Class B director of the Board of Directors of the New York Federal Reserve. She serves as a member of the boards of the International Rescue Committee, Catalyst[7] and the Lincoln Center for the Performing Arts. She is also a member of the Board of Trustees of Eisenhower Fellowships, and currently serves as Chairperson of the U.S.-India Business Council.

Contents

Early life and career

Indra Nooyi was born in Chennai, Tamil Nadu, India. She completed her schooling from Holy Angels AIHSS, Chennai. She received a Bachelor's degree in Commerce from Madras Christian College in 1974 and Post Graduate Diploma in Management from Indian Institute of Management Calcutta. Beginning her career in India, Nooyi held product manager positions at Johnson & Johnson and textile firm Mettur Beardsell. She was admitted to Yale School of Management in 1978 and earned a Master's degree in Public and Private Management. Graduating in 1980, Nooyi joined the Boston Consulting Group (BCG), and then held strategy positions at Motorola and Asea Brown Boveri.[8]

PepsiCo executive

Nooyi joined PepsiCo in 1994 and was named president and CFO in 2001. Nooyi has directed the company's global strategy for more than a decade and led PepsiCo's restructuring, including the 1997 divestiture of its restaurants into Tricon, now known as Yum! Brands. Nooyi also took the lead in the acquisition of Tropicana in 1998,[9] and merger with Quaker Oats Company, which also brought Gatorade to PepsiCo. In 2007 she became the fifth CEO in PepsiCo's 44-year history.[10]

Business officials rave at her ability to drive deep and hard while maintaining a sense of heart and fun. According to BusinessWeek, since she started as CFO in 2000[2], the company's annual revenues have risen 72%, while net profit more than doubled, to $5.6 billion in 2006.[11]

Nooyi was named on Wall Street Journal's list of 50 women to watch in 2007 and 2008,[12][13] and was listed among Time's 100 Most Influential People in The World in 2007 and 2008. Forbes named her the #3 most powerful woman in 2008.[14]

Compensation

While CEO of PepsiCo in 2008, Indra Nooyi earned a total compensation of $14,917,701, which included a base salary of $1,300,000, a cash bonus of $2,600,000, stocks granted of $6,428,538, and options granted of $4,382,569.[15]

Personal Life and Recognition

Forbes magazine ranked Nooyi third on the 2008 and 2009 list of The World's 100 Most Powerful Women.[16] Fortune magazine has named Nooyi number one on its annual ranking of Most Powerful Women in business for 2006, 2007, 2008 and 2009.[17][18][19][20] In 2008, Nooyi was named one of America's Best Leaders by U.S. News & World Report.[21]

In 2007, she was chosen as a recipient of the Padma Bhushan award by the Government of India.[22] In 2008, she was elected to the Fellowship of the American Academy of Arts and Sciences.[23]

In January 2008, Nooyi was elected Chairman of the US-India Business Council (USIBC), a non-profit business advocacy organization representing more than 300 of the world's largest companies doing business in India. Nooyi leads USIBC's Board of Directors, an assembly of more than 60 senior executives representing a cross-section of American industry.[24][25]

Indra Nooyi has been named 2009 CEO of the Year by Global Supply Chain Leaders Group. [26]

Preceded by
Steven Reinemund
Chairman and CEO of PepsiCo
2006 – Present
Succeeded by
Incumbent

Notes

  1. ^ SAJAforum: BUSINESS: Indra Nooyi's $6.2 pennies income
  2. ^ a b "Forbes Profile: Indra Nooyi". http://people.forbes.com/profile/indra-k-nooyi/62917. Retrieved 2007-12-09. 
  3. ^ "PepsiCo names first woman CEO". http://money.cnn.com/2006/08/14/news/companies/pepsico_ceo/. Retrieved 2007-12-09. 
  4. ^ "PepsiCo's Board of Directors Appoints Indra K. Nooyi as CEO". http://www.diversitybusiness.com/news/supplierdiversity/45200619.asp. Retrieved 2007-12-09. 
  5. ^ Taub, Stephen (2007-02-05). "PepsiCo Serves Up CEO in Chairperson Role". http://www.cfo.com/article.cfm/8656519?f=related. Retrieved 2007-07-09. 
  6. ^ "PepsiCo president Indra Nooyi elected to Yale Corporation". Yale Bulletin & Calendar. 30 August 2002. http://www.yale.edu/opa/arc-ybc/v31.n1/story3.html. Retrieved 6 July 2009. 
  7. ^ "Board of Directors". Catalyst. http://www.catalyst.org/page/89/catalyst-boards. Retrieved 2009-07-09. 
  8. ^ "Alumni Leaders - Indra Nooyi '80". Yale School of Management. http://mba.yale.edu/alumni/alumni_leaders/nooyii.shtml. Retrieved 2009-07-09. 
  9. ^ Levine, Greg (2006-08-14). "'Power Women' Member Nooyi To Lead 'Platinum' Pepsi". Forbes. http://www.forbes.com/2006/08/14/pepsi-nooyi-ceo-cx_gl_0814autofacescan10.html. Retrieved 2007-09-10. 
  10. ^ "Indra Nooyi, Chairman and CEO of PepsiCo, Named CEO of the Year by GSCLG". Marketwire. 2009-09-09. http://www.marketwire.com/press-release/Global-Supply-Chain-Leaders-Group-Gsclg-NYSE-PEP-1014870.html. Retrieved 2009-07-09. 
  11. ^ Brady, Diane (2007-06-11). "Indra Nooyi: Keeping Cool In Hot Water". BusinessWeek. http://www.businessweek.com/magazine/content/07_24/b4038067.htm. Retrieved 2009-07-10. 
  12. ^ McKay, Betsy (2008-22-19). "The 50 Women to Watch 2007". Wall Street Journal. http://online.wsj.com/article/SB119517314579995043.html. Retrieved 2009-07-10. 
  13. ^ Crittenden, Michael R. (2008-11-10). "The 50 Women to Watch 2008". Wall Street Journal. http://online.wsj.com/article/SB122609301920009441.html. Retrieved 2009-07-10. 
  14. ^ The 100 Most Powerful Women, Forbes.com
  15. ^ 2008 CEO Compensation for Indra K. Nooyi, Equilar.com
  16. ^ "The 100 Most Powerful Women: #3". http://www.forbes.com/lists/2008/11/biz_powerwomen08_Indra-K-Nooyi_1S5D.html. Retrieved 2008-08-27. 
  17. ^ "50 Most Powerful Women 2006: #1". http://money.cnn.com/popups/2006/fortune/mostpowerfulwomen/1.html. Retrieved 2009-09-22. 
  18. ^ "50 Most Powerful Women 2007: #1". http://money.cnn.com/galleries/2007/fortune/0709/gallery.women_mostpowerful.fortune/index.html. Retrieved 2009-09-22. 
  19. ^ "50 Most Powerful Women 2008: #1". http://money.cnn.com/galleries/2008/fortune/0809/gallery.women_mostpowerful.fortune/index.html. Retrieved 2009-09-22. 
  20. ^ "50 Most Powerful Women 2009: #1". http://money.cnn.com/galleries/2009/fortune/0909/gallery.most_powerful_women.fortune/index.html. Retrieved 2009-09-22. 
  21. ^ "America's Best Leaders: Indra Nooyi, PepsiCo CEO". http://www.usnews.com/articles/news/best-leaders/2008/11/19/americas-best-leaders-indra-nooyi-pepsico-ceo.html. Retrieved 2008-11-20. 
  22. ^ [|Tikku, Aloke] (2007-02-23). "Khushwant, Karnik, Nooyi, Remo, Mittal on Padma list". Hindustan Times. http://www.hindustantimes.com/StoryPage/StoryPage.aspx?id=14130333-163e-4218-ba2f-4e1cb2277f39. Retrieved 2009-07-09. 
  23. ^ "Academy Announces 2008 Class of Fellows". American Academy of Arts & Sciences. 2008-04-28. http://www.amacad.org/news/new2008.aspx. Retrieved 2009-07-09. 
  24. ^ U.S. Chamber of Commerce (2009-01-23). "PepsiCo’s Indra K. Nooyi Elected Chairman of U.S.-India Business Council" (PDF). Press release. http://www.uschamber.com/NR/rdonlyres/exbnjy4mawims7mptd6isnhtvkqorskmwlupfr72a5u6sfs52z2ow6hh6fzrimvldilpygy5be2eefgrnnq6yyglhyh/2008.01.23PepsiCosIndraNooyiElectedasUSIBCsChairman.pdf. Retrieved 2009-07-09. 
  25. ^ U.S. Chamber of Commerce (2009-01-16). [http://www.uschamber.com/NR/rdonlyres/eekwkh6jdasrtonek2fpjfev7x2dt35lwlkoxjxkq2skspnd6omydisjceahnorox2jsboessxzjegrhxmrp4b5rrye/PressRelease2009.01.16USIBCLeadsU.S.CommercialNuclearExecutivestoHelpImplementHistoricNuclearDeal.pd.pdf "USIBC Leads U.S. Commercial Nuclear Executives to Help Implement Historic Nuclear Deal"]. Press release. http://www.uschamber.com/NR/rdonlyres/eekwkh6jdasrtonek2fpjfev7x2dt35lwlkoxjxkq2skspnd6omydisjceahnorox2jsboessxzjegrhxmrp4b5rrye/PressRelease2009.01.16USIBCLeadsU.S.CommercialNuclearExecutivestoHelpImplementHistoricNuclearDeal.pd.pdf. Retrieved 2009-07-09. 
  26. ^ India-born Indra Nooyi named CEO of the year

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