Wikipedia:VideoWiki/Indra Nooyi

Indra Nooyi is an Indian American^[1] business executive and former CEO of PepsiCo.^[2][3][4] In 2014, she was ranked at number 13 on the Forbes list of The World's 100 Most Powerful Women.^[5]

Nooyi was born to a Tamil-speaking family on 28 October 1955^[6][7] in Madras (now known as Chennai) Tamil Nadu India.^[8] Nooyi did her schooling in Holy Angels Anglo Indian Higher Secondary School.^[9]

Nooyi received a bachelor's degrees in Physics, Chemistry and Mathematics from Madras Christian College of the University of Madras in 1974, and a Post Graduate Programme Diploma from Indian Institute of Management Calcutta in 1976.^[10]

In 1978, Nooyi was admitted to Yale School of Management where she earned a master's degree in Public and Private Management in 1980.^[10]

Beginning her career in India, Nooyi held product manager positions at Johnson & Johnson and textile firm Mettur Beardsell.

While attending Yale School of Management, Nooyi completed her summer internship with Booz Allen Hamilton.^[10]

In 1980, Nooyi joined the Boston Consulting Group as a strategy consultant, ^[11] and then worked at Motorola as Vice President and Director of Corporate Strategy and Planning,^[11] followed by a stint at Asea Brown Boveri.^[12]

Nooyi joined PepsiCo in 1994 and was named CEO in 2006^[13], replacing Steven Reinemund, becoming the fifth CEO in PepsiCo's 44-year history.^[14]

Nooyi has directed the company's global strategy for more than a decade and led PepsiCo's restructuring, including the 1997 divestiture of Tricon, now known as Yum Brands. Tricon included companies like Pizza Hut, KFC, and Taco Bell under its umbrella ^[15]

Nooyi also took the lead in the acquisition of Tropicana in 1998,^[16] and the merger with Quaker Oats Company, which also brought Gatorade in 2001,^[17]

PepsiCo's annual net profit rose from 2 point 7 billion dollar to 6 point 5 billion dollar.^[18][19]

In 2015, Nooyi removed aspartame from Diet Pepsi, furthering the shift towards healthier foods, despite lack of evidence of aspartame's harmful effects.^[20]

On 6 August 2018, PepsiCo Inc confirmed that Nooyi would step down as the CEO, and Ramon Laguarta, a 22-year veteran of PepsiCo, would replace her on 3 October. During her tenure, the company's sales grew 80%. Nooyi served as CEO for 12 years, 7 years longer than the average CEO tenure at large companies according to an Equilar study.^[21]

While CEO of PepsiCo in 2011, Nooyi earned $17 million, which included a base salary of 1 point 9 million dollar, a cash bonus of 2 point 5 million dollar, pension value and deferred remuneration of $3 million.^[22] By 2014, her total remuneration had grown to $19087832, including $5 and half million of equity.^[23]

In 2019 Nooyi became the co-director of the newly created Connecticut Economic Resource Center, a public-private partnership with the Connecticut Department of Economic and Community Development.^[24]

In 2018, Nooyi was named one of the "Best CEOs In The World" by the CEOWORLD magazine^[25]. Forbes magazine ranked Nooyi on the 2008 through 2017 lists of The World's 100 Most Powerful Women.^[5][26] Fortune magazine has named Nooyi number one on its annual ranking of Most Powerful Women in business for 2006 to 2010.^[27]

In 2008, she was elected to the Fellowship of the American Academy of Arts and Sciences.^[28]

Nooyi has been awarded several honorary degrees, including doctorates, by universities such as, Yale University, Cranfield University, University of Warwick, Pennsylvania State University, Duke University, and New York University, among several others.

She has been awarded the Padma Bhusan in 2007 by the President of India.

Nooyi is a Successor Fellow of the Yale Corporation.^[29] She serves as a member of the Foundation Board of the World Economic Forum, International Rescue Committee, Catalyst^[30] and the Lincoln Center for the Performing Arts.

Nooyi serves as an Honorary Co-Chair for the World Justice Project, a body that works to lead a global, multidisciplinary effort to strengthen the Rule of Law for the development of communities of opportunity and equity.