Indra Nooyi Biography
Indra Nooyi is a former chairman and chief executive officer of PepsiCo and an Indian-American business executive. Her compensation at PepsiCo in her final year was $31 million. She has constantly been listed among the top 100 most powerful women on the planet.
How old is Indra Nooyi? – Age
She is 66 years old as of 28 October 2021. She was born in 1955 in Chennai, India.
Indra Nooyi Education – Family
She has a brother named Narayan Krishnamurthy. Chandrika Krishnamurthy Tandon, her older sister, is a businessman as well as a Grammy-nominated performer. Aruna Sairam, a South Indian Carnatic musician, is Indra’s aunt. She attended Holy Angels Anglo Indian Higher Secondary School in T. Nagar for her education.
In 1974, Nooyi graduated from Madras Christian College of the University of Madras with bachelor’s degrees in physics, chemistry, and mathematics, as well as a Post Graduate Programme Diploma from the Indian Institute of Management Calcutta in 1976. Nooyi was accepted into Yale School of Management in 1978 and relocated to the United States of America (USA) in 1980, where she got a Master’s degree in Public and Private Management.
When did Indra Nooyi Marry? – Husband
Indra married AmSoft Systems president Raj K. Nooyi in 1981. Nooyi lives in Greenwich, Connecticut, with her two daughters.
What is Indra Nooyi doing today?
Nooyi has been a member of Amazon’s board of directors since February 2019. Nooyi is also a member of the MIT Corporation and the Class of 1951 Chair for the Study of Leadership at West Point. He is also a member of the Dean’s Advisory Council at MIT’s School of Engineering.
At what age did Indra Nooyi became CEO? – PepsiCo
Nooyi joined PepsiCo in 1994 and was appointed CEO in 2006, succeeding Steven Reinemund as the company’s fifth CEO in its 44-year history. Nooyi worked as President and Chief Financial Officer before becoming CEO, and she was also named to PepsiCo’s Board of Directors in 2001. Nooyi served as PepsiCo’s Senior Vice President and Chief Financial Officer from February 2000 to April 2001. She was also Senior Vice President, Corporate Strategy and Development at PepsiCo from 1996 to 2000, and Senior Vice President, Strategic Planning at PepsiCo from 1994 to 1996. For more than a decade, Nooyi has managed PepsiCo’s global strategy and reorganization, including the 1997 spinoff of Tricon, which is now known as Yum! Brands.
Pizza Hut, KFC, and Taco Bell were among the companies that Tricon owned. The business was able to boost the speed of its share buyback strategy as a result of the financial gains from the spinoff, providing it more leverage to pursue future acquisitions without as much shareholder criticism. Nooyi also led the purchase of Tropicana in 1998 and the combination with Quaker Oats Company in 2001, which gave birth to Gatorade. Other PepsiCo executives and Wall Street skeptics initially opposed the $3.3 billion Tropicana acquisition.
Tropicana’s acquisition gave PepsiCo a competitive advantage; at the time, Tropicana had 44 percent of the chilled orange juice segment, which was the fastest growing segment of the juice market, a particularly positive metric when compared to Coca-Minute Cola’s Maid, which had less than half of Tropicana’s market share. Gatorade’s acquisition by the Quaker Oats Company was a good strategic decision for PepsiCo, as Gatorade accounted for 80% of sports drink sales at the time. This strategic decision, like the Tropicana purchase, gives PepsiCo influence over Coca-Cola, which owns Powerade, the second most popular sports drink. The annual net profit of PepsiCo increased from $2.7 billion to $6.5 billion.
In 2007 and 2008, Nooyi was included to the Wall Street Journal’s list of 50 women to watch. In 2009 and 2010, Fortune named her the most powerful woman in business, ranking her first. PepsiCo’s products were divided into three categories: “fun for you,” “better for you,” and “good for you.” Nooyi withdrew aspartame from Diet Pepsi in 2015, accelerating the trend toward healthier foods. Redesigning packaging to reduce waste, conserving water, and switching to renewable energy sources and recycling were all part of the initiative. It also entailed cultivating a workplace culture that encouraged employees to stay with the organization.
What is the salary of Indra Nooyi?
She receives an annual compesation of $29.8million (£21.8million). 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. Her overall salary had increased to $19,087,832, including $5.5 million in stock options.
Indra Nooyi Net Worth
She has an estimated net worth of $290 million. She has constantly been included among the top 100 most powerful women in the world. In 2014, she was placed 13th on Forbes’ list of the world’s 100 most influential women, and in 2015, she was ranked second on Fortune’s list of the world’s most powerful women. She was named the second most powerful woman in business on Forbes’ list of The 19 Most Powerful Women in Business again in 2017.