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By the time I turned 7, I was often sent to the grocery store a few blocks away to drop off a list of items for home delivery or pick up a few things. And it affects all parts of my lifemy business, my family, my friendships, everything. Music and spirituality have been the twin graces of Tandons life, be it starting the day with, She says, If I had to rewind my life, I would add more compassion to it. By Karen Guzman. 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. At the end of the day, we have to make our corner of it much better. Thisfeeling of compassion allows you to give completely of yourself.. If the forest were only filled with nightingales, it would be a very boring forest indeed. every part of the bank simultaneously, in a very short period of time. Indra Nooyi Education. Indra Nooyi, former Chairman and CEO of Pepsi Co., and her husband, Raj K. Nooyi, at the Justice Ruth Bader Ginsburg Woman of Leadership Award. 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. Nooyi has continually adjusted the company's worldwide strategy throughout her tenure as CEO. Its a bookkeeping system that she set up intuitively, and still amazing to me that she developed it with no training at all in accounting. Their commitment to education also extends to leadership faculty chairs they have established at the Harvard Business School, Yale, IIMA and Madras Christian College in India. A local woman would arrive with the big, gray animal and milk her for the days supply. 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. Raj, 63, attended college in the United States. As far as I could tell, she never missed a beat. Copyright 2021 by Preetara LLC. But theres more to life than the next big business deal. My mother was always in and out of the room, serving coffee and snacks to visitors, or tidying up. If the forest were only filled with nightingales, it would be a very boring forest indeed. In 2006 Indian-born executive Indra K. Nooyi (born 1955) was named chief executive officer of PepsiCo, parent company of the ubiquitous Pepsi-Cola, the giant multinational drink and snack-food maker. We fell onto the shiny red-tiled floor and scrambled back on. Nobody can take that place. Her early belief in education as a game-changer made her take a proactive role in higher education, especially for those in need. I got into spirituality, searched for answers, for purpose. Updated on: 28 September,2021 10:53 AM IST  |  Mumbai So one day, I'll cut the nails off. My goal But he spent almost all his time in the mens living room, a grand hall with windows all around and a wall clock that rang at the half hour and hour. 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. Children: Tara Nooyi, Preetha Nooyi. The former CEO of PepsiCo had shared a stage with Priyanka in July 2018, during the Forbes Women Summit held in New York City. 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. "Companies today are bigger than many economies. All rights reserved. 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. Learn more about the time period in which this Inductee lived. When leaders open themselves to feedback, they show that their leadership is not about them, but what serves the greater good. Shakuntala would spoon out the food while we sat under a tree in the playground. Indra Nooyi was born on October 28, 1955, in Madras, Tamil Nadu, India. Thats where my mother kept the household running, with the help of Shakuntala, a young woman who did the dishes at the outdoor sink and swabbed the floors. Says Nooyi: "I treat Mike as my partner. 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. 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%. 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. It is accelerating the inner transformation to find the light inside, and stay in. . White was Pepsi's best operations man - the kind of guy who would be indispensable in a downturn. Listed among Time's 100 Most Influential People in The World in 2007 and 2008. 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. The house was eerily quiet when she wasnt home. She didnt get the chance to attend college and she directed that frustration into making sure her girls could soar. Chanting was all around me. 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. I have always felt that she lived her life vicariously through her daughters, wishing for us the freedoms she never had. October 20, 2022. 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). 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. In the end, White decided to stay. 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 !! For a dozen years as one of the world's most admired CEOs, Indra Nooyi redefined what it means to be an exceptional leader. Tuesday, Mar. 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. 1998-2022 INDIADOTCOM DIGITAL PRIVATE LIMITED, All rights reserved. Tandon grew up in a middle-class familywhere 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). I was lucky that my father, who I called Appa, was completely on board. Once you even glimpse that place you are on a new journey.Business, arts and philanthropy can all be accommodated in a balanced lifestyle. 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). References. During a panel discussion on Mojo Story, she even revealed about not knowing at first who Navya was. 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. Sukanya Datta Indra Nooyi- Honors & Awards. I didn't.. Apparel Manufacturers of India, the leading apparel group of manufacturers and traders has recently concluded the 10th edition of its trade fair in Chennai this week. An absolute dream come true for her, and no greater joy for a mother than to see her daughter realise her dreams. About Indra Nooyi. Once we had the arrangements figured out, I collaborated MPW Former PepsiCo CEO Indra Nooyi explains why she 'never ever, ever' asked for a raise. that defines and consumes her the most As was the tradition in families like ours, Amma and the baby spent a couple of months at her parents home, a period when my father did a lot of the chores and got Chandrika and me off to school. 7:30 P.M. at Texas Hall. The rest is up to you. 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. The children were given various responsibilities for household chores from the age of 6-7 but their . For the unversed, megastar Amitabh Bachchan's granddaughter, Navya Naveli Nanda turned entrepreneur from a young age. In 1990 she began working as Senior Vice President of Strategy and Strategic Marketing for Asea Brown Boveri, an automation and power technology corporation. Shivoham has been your passion for several years. Leadership Indra Nooyi reflects on her time as . She blogs at These compositions represent her continuing journey into the light. 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. to our, Crucial lessons from ex PepsiCo CEO Indra Nooyis memoir, Mumbai: Deadly Dadar platform to be widened by 2 metres, Mumbai: BMC's Rs 3 cr for each ward remains a pipe dream, With no physical evidence, here is how cops hope to prove slow-poisoning, Mumbai: BESTs 400 CNG buses to hit the roads again soon, Mumbai Crime: Inter-state gang of thieves busted; police recover 51 tempos and two cars, WPL 2023, GG vs MI live updates: Kaur leads MI's onslaught, hits maiden fifty. Let's be a good industry that does 100% of what it possibly can - not grudgingly but willingly." On the other hand, my spiritual practices have changed the way I view people, problems, and relationships; they have altered my view of success and perfection in both life and business. Who else made the list? #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 He was born in 1883 in Palghat in the state of Kerala, which, under the British, was part of the Madras Presidency. ", Nooyi didn't wait to become an elder statesman CEO before making herself heard on the public stage. so we needed a lot of rehearsals. The above address is for mailing and administrative purposes. 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. But she's best known for her time at PepsiCo, where she was the chief financial officer before taking over as CEO and retiring as chair in February 2019. 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. We . I am on a quest to lose myself. 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. We had no refrigerator. Enjoyed reading Khabar magazine? Today our guest is Indra Nooyi, who is one of the most successful women CEOs in America as head of PepsiCo. She's written a new book called "My Life in Full: Work, Family, and Our Future . She sings karaoke; she plays electric guitar. Business, arts, and philanthropy have all percolated into Tandons life and she has embraced each of them into a balanced lifestyle. in . in leaving McKinsey was to solely focus on this idea and invest in the institutions I worked with to create value, either in the form of equity, phantom equity, or performance-based incentives. She serves on the Board of Trustees for the Lincoln Center for the Performing Arts and the Presidents Advisory Council for the Berklee College of Music. She has been featured in Forbes' "The World's 100 Most Powerful Women," Fortune' s . Nooyi served as the company's CEO (2006-18) and chairman of the board (2007-19). I was never in doubt that the head of the household and of the family resided in the mens living room. Sister - Chandrika Krishnamurthy Tandon (playback singer) Religion. Indra Nooyi: A taste of Pepsi Cola 1. Nooyi, CEO of PepsiCo, and her sister Tandon, Grammy nominee and trustee of NYU. The trade fair was a three-day event which took place in the presence of leading manufacturers and traders of readymade and unstitched garments of ladies, gents and kids. She interviewed at McKinsey in a sari and chappals, wearing a borrowed coat. Her predecessor, Steven Reinemund, calls her a "larger-than-life leader." 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. Her sister, Indra Nooyi, has been the high-profile President and CEO of PepsiCo and her brother, Nandu Narayanan, heads Trident Investment Management. (Left) Receiving the Gallatin medal, NYUs highest honor. Can you share with us the journey, beginning with the idea and its birth? I never saw a woman sit in that room in front of my grandfather, who I called Thatha. U.S. real estate might be a mess, but in other parts of the world, home prices are jumping. 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 . But to play the guitar, you cut the nails. He earned a B.E. 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. Choosing a great sounding choir was really important. The fight over the cholesterol medication is keeping a generic version from hitting the market. We swayed and sang our school songs. At a personal level, Tandon has pursued her artistic talents through tough situations. None of us liked that at all. She describes the reaction in 2006, when she became CEO. She is a Successor Fellow of the Yale Corporation and was appointed by The Obama Administration to the U.S.-India CEO Forum. When recording the album, we used an extensive string section, and instruments like a harp and viola da gamba, as well as over 100 choir members from both Kolkata and London. Based on the pillars of Human, Environmental and Talent Sustainability the program is an effort to deliver sustained financial performance by providing a wide range of foods and beverages, finding innovative ways to minimize impact on the environment and providing a safe and inclusive workplace for employees globally as well as respecting, supporting and investing in the local communities in which PepsiCo operates. Indra Nooyi and Priyanka Chopra go way back. From my earliest days, I played on the swing with my older sister, Chandrika, and my younger brother, Nandu. 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. experience for themselves and the audience. Indra Nooyi is the former CEO and chairman of PepsiCo and author of her new memoir, My Life in Full. In 2007, Indian Government honored her with. 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. When I was a kid, I would come home from school, throw my bag, go out to play. She grew up in a home that thrived on music but never followed that path, engaged as she was with building a career. In the fourth quarter of 2007, revenue went up 17%, to $12.3 billion, and operating profits rose 9%, to $1.7 billion. program support for after-school classes, health, and 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. from Madras Christian College in 1974. "Fast forward to today where most of the ESG metrics are focused on this very topic . Indra seems to understand this instinctively.". Every few chapters hed take the book, point to a page and ask: "What's the meaning of this word?" Why Indra Nooyi is focused on family rather than flying to Mars.Also read: https://bit.ly/3oaskCH-----. I absolutely adored him. She would have made a great CEO. sukanya.datta@mid-day.com, From a determined little Girl Scout growing up in Madras to an immigrant business leader shattering the glass ceiling, the ex-PepsiCo CEOs trailblazing journey comes to life in a tell-all memoir. She began her career with PepsiCo in 1994 as Senior Vice President of Strategic Planning and was promoted to Senior Vice President of Corporate Strategy and Development in 1996. their own journeys, in finding the light much sooner than I did. Awards and Milestones. Holi 2023: Why is Holi celebrated in India? 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. 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. 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. Forbes magazine ranked Nooyi in The World's 100 Most Powerful Women from 2008-2017. She was named President and CEO of PepsiCo in 2006 becoming the fifth CEO in PepsiCos 44-year history. Sometimes, wed be under a mosquito net. 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. 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. While the Tandons $100 million gift to the New York University School of Engineering is a milestone contribution of her life, it is the music and spirituality Her overall salary had increased to $19,087,832, including $5.5 million in stock options. I was never in doubt that the head of the household and of the family resided in the mens living room. They need what you need -- building a culture of trust. She has created a motto - "Performance With Purpose" - that puts a positive spin on how she wants PepsiCo to do business both at home and abroad. Compassion allows you to give completely of yourself., (Right) Chandrika Tandon performing Shivoham at the Kennedy Center. Her belief in education as a game-changer has made her take a pro-active role in higher education, especially for those in need. Thanks to that passion for music, Tandon is now a Grammy-nominated musician, whose albums of chants have transformed many lives. The incident is from the day when Nooyi was informed by the CEO of PepsiCo that she would be the president of the Fortune 500 company and would also be appointed to the board of directors. Credits: Forbes. Chandrika Krishnamurthy Tandon is that rare blenda woman of substance and spiritual enlightenment. All of youmy PepsiCo familyhave held a special place . For Tandon, the joy is in being able to be a mentor to so many young people in the schools and colleges she supports. For a long time, investors have been enamored of PepsiCo for its bold strategic moves and steady, reliable growth. It really changes the way you think about people, how you spend your time. Indra's elder sister Chandrika, an IIM Ahmedabad alumna, has a consultancy Tandon Capital Associates, while her brother . DNA: Labor lynching video turned out to be fake, DNA: 'Supreme' decision on appointment of EC, DNA: Famous writer Anant Pai passed away on this day in the year 2011, DNA: For the first time in the year 1886, Aluminum was made in the laboratory. And so, while Nooyi delves into her conquests across the world in her hot-off-the-press memoir My Life in Full: Work, Family, and Our Future (Hachette India), its her foundational years spent frolicking on the swing, solving maths problems by her thathas bedside, churning butter to help amma, and forming the first womens cricket team of her college that lend us a peek into the person behind the leader. 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. 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. Indra Nooyi accomplished all of that and much more in her tenure as PepsiCo CEO. 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. She is a tough, driven woman who, like many daughters-in-law in those days, was blamed by the elders for family conflicts, even if she had nothing to do with them. It changes relationships within the family and it changes the relationship with yourself. My paternal grandfather, a retired district judge, had used all of his savings to design and construct this grand, two-story residence, with its terrace and balconies. For me, its become almost a meditation. So far, so good. 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. 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. Building a culture of ownership. of the universe (earth, water, fire, air, and space), can help get rid of negative emotions. Photograph by John Loomis / Redux. "You have to relate your interests to the interests of other parts of the world - to be relevant in their societies. 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. Get Tickets. They are great mentors for the young people in its scholarship programme who have critical financial need and have shown determination in overcoming adversity. My mother, her sisters and her cousins, wearing simple saris in fuchsia, blue or yellow, rocked on it in the late afternoon with cups of sweet, milky coffee, their bare feet stretched to the floor to keep it moving. PepsiCo's international business grew 22% last year, triple the rate of domestic sales, and now contributes 40% of total revenue ($39 billion last year). All rights reserved. We were in motion, laughing and carrying on to our next game. Tandons life story is a classic example. He had studied math and law, and, for decades, was a district and sessions judge deciding both civil and criminal cases. Yet within a few years she went on to become a partner at this prestigious company, the first Indian-American woman to be selected. "It was a simple strategy to future-proof the company," Nooyi said. Indra Nooyi (ne Krishnamurthy; born October 28, 1955) is an Indian-American business executive and former chief executive officer and chairperson of PepsiCo.. She has consistently ranked among the world's 100 most powerful women. Ad Choices, Actor Graham McTavish Planned a Scottish Castle Wedding for His Bride Garance Dor, 70 Incredible Forgotten Photos From Vintage Oscar Nights, Phil Ohs Best Street Style Photos From the Fall 2023 Shows in Paris. White said he would sleep on it. It was an iterative and very collaborative process, which was extremely rewarding. The men would gather on the rooms two large sofas and talk about world affairs, local politics or current issues. Indeed, the family name Nooyi is actually derived from the village name Nooyi of Gurpur-Kaikamba. 63). Keeping a focused, calm, and centered mind is, to me, the most important attribute of living my everyday life. I'd followed my career mindlessly . She says she asked the board to increase White's compensation to nearly match hers (Nooyi's 2006 compensation: $7.1 million). from Madras Christian College in 1974 P.G.D.M. Tandon also serves on the Board of Trustees for the Lincoln Center for the Performing Arts and the Presidents Advisory Council for the Berklee College of Music. 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. She's cosmopolitan, rigorously educated, and a strategic thinker - her background is Boston Consulting Group - much more interested in the burgeoning markets in Russia and China than in the noisy U.S. cola wars. September 28, 2021 . 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. Above all, a seeker of the light. Motley Fool co-founder and CEO Tom Gardner talks with Indra Nooyi, ex-CEO of PepsiCo, to discuss: Other CEOs she's learned from. After graduating from Yale in 1980 with a masters degree in public and private management she went on to direct international corporate strategies for the Boston Consulting Group. 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 Her South Asian heritage gives her a wide-angle view on the world. the Hindu Temple Society of North America. I try to apply it in everything I do in my life.