All Rights Reserved.Terms With the help of a coach, we decode a few crucial lessons from the book, Nooyis memoir emphasises on the need for workplaces to view employees, and their families, as part of the organisation. Aara Health is an organisation co-founded by Navya along with Mallika Sahney, Pragya Saboo and Ahilya Mehta in 2020. Dear Fellow Associates, As I sat down to write this notemy last as CEOI felt a surge of emotions. You took many performers from New York, London, and India. 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. What about 'Buckle up'?" It was a very intensive, holistic restructuring deal involving Back at his beach house, he played the piano and she sang. Tuesday, Mar. He slept on the carved-wood divan with deep blue upholstery. Kids were given a cup of Bournvita, a chocolate malt drink. 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. He was the pride and joy of the entire family someone to carry on the family name. 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. Follow @lavinamelwani and The stove was fueled with kerosene and the fumes could be overpowering. Her father was a bank official, and her mother was a house wife. Day after day, each meal was uniquely prepared, eaten and cleaned up, with no leftovers. Indra Nooyi didn't know Navya Nanda was Amitabh Bachchan's granddaughter when she mentored her, but was very impressed with her business acumen. "When . She grew up in a close family with two siblings, her parents, and her grandparents. Nooyi earned a bachelor's degree in chemistry from Madras Christian College in . All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2018 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. 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. They were loud, talked over each other, and moved the conversation along. At key meetings she makes sure he is seated on her right. Motley Fool co-founder and CEO Tom Gardner talks with Indra Nooyi, ex-CEO of PepsiCo, to discuss: Other CEOs she's learned from. References. experience for themselves and the audience. It changes relationships within the family and it changes the relationship with yourself. Nooyi learned that simplifying messages means that you start with the big picture--the conclusion. Education: University of Madras (BS), Indian Institute of Management, Calcutta (MBA), Yale University (MS) Indra Nooyi is an Indian-American businesswoman, best known as the former chief executive officer of the PepsiCo company. He dressed in a perfectly pressed white dhoti and a light-colored half-sleeve shirt. So one day, I'll cut the nails off. And it affects all parts of my lifemy business, my family, my friendships, everything. 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 !! NBA confirms L.A. Clippers sale to ex-Microsoft CEO Steve Ballmer, FBI and SEC probe into Carl Icahn and golfer Phil Mickelson, Apple scores high in PC World's relability survey, Dean Kamen (still) wants to save the world, Al Gore: Web 2.0 can help save the planet, What to expect at Goldman's annual meeting, SoftBank and Toyota want driverless cars to change the world, Barnes & Noble stock soars 20% as it explores a sale, Why it's time for investors to go on the defense, The Toys 'R' Us brand may be brought back to life, The internet industry is suing California over its net neutrality law, Priyanka Chopra is helping Bumble expand in India, Getting health insurance through work now costs nearly $20,000. She fiercely advocates the need for employers to address the disconnect that exists between the corporate world and the stress of building families, through infrastructural and behavioural support, including childcare and eldercare provisions, healthcare policies, and paid leaves. 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. Her belief in education as a game-changer has made her take a pro-active role in higher education, especially for those in need. "If all you want is to screw this company down tight and get double-digit earnings growth and nothing else, then I'm the wrong person," she says. Their elder daughter Preetha holds an MBA from Yale School of Management, the same school where . 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. In our home, boys and girls were allowed to be equally ambitious. 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. Indra Nooyi, the former chair and CEO of PepsiCo, is one of the only women to run a Fortune 50 company and one of the foremost strategic thinkers of our time. She took her first job at Tootal, a British textile company in India. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. For the unversed, megastar Amitabh Bachchan's granddaughter, Navya Naveli Nanda turned entrepreneurfrom a young age. She was a middle child, dark-skinned, tall and skinny. What place will Shivoham hold in your heart as you move on to other things? How is music a spiritual practice for you? from Madras Christian College in 1974. Her first job was with Citibank and it took her to war-torn Beirut, a place with curfews, burning streets and blasts. I didn't.. She was told that an early arranged marriage was her destiny, with her mother collecting stainless steel utensils for her dowry from birth. Suri notes that like Nooyi, good leaders demonstrate a you-come-first attitude. We snoozed; we tussled. 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. Spouse: Raj K. Nooyi. As Nooyi's plane landed on Cape Cod, there was White waiting for her at the airport with a card he'd written to congratulate her. The awe-inspiring book traces her journey across the globe. : Not Known, She was raised by her mother along with her sister and in an interview, she revealed that every night at the dinner table, her mother asked them to write a speech about what we would do if we were. She speaks about biases she fights, the influence of "Bengali culture" in her life and . My spiritual practices also make me realize viscerally how much the Divine is of everything we do. She is not hung up on pay. 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. Indra Nooyi's leadership style gave her the possibility of being a successful businesswoman and the former CEO of PepsiCo, Inc. She was born in Madras (now Chennai), India to an engineer father and housewife mother on October 28, 1955. Just . But the heart and soul of our lively existence was down the hall, in the open space with the red-tiled floor and the gigantic rosewood swing. They spoke in Tamil or in English, often swapping between the two. She handled those issues deftly and with a firm hand. A dinner gathering at her house is as likely to include Tony Blair and government ministers from India or Mexico as traditional pinstriped business types. We lit candles and lanterns. Sharing an anecdote, Indra Nooyi, in a 2017 LinkedIn post, recalled how she realised the importance of work-life balance when was reminded by her mother of the same. Forbes magazine ranked Nooyi in The World's 100 Most Powerful Women from 2008-2017. Induction Category: Business & Labor. 63). She did not even own a western outfit, interviewing in a sari and chappals, wearing a borrowed coat. 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. Yet in spite of time constraints, she managed to find noted gurus and pursued classical music even as she grew her business and nurtured her family. Can you share with us the journey, beginning with the idea and its birth? People like Navya are going to emerge in the world scene in a profound sense and we are all going to be looking at them and saying how proud we are," Indra can be heard saying in the video. The above address is for mailing and administrative purposes. In 2016, she was awarded the Gallatin medal, NYUs highest honor. 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. Through the Krishnamurthy Tandon Foundation, she and her husband, Ranjan Tandon, have donated to many educational causes, including a transformative $100 million to the New York University (NYU) Tandon School of Engineering, which was named after them. She sings karaoke; she plays electric guitar. Website designed and developed in partnership with Slalom Hartford. Her departure leaves only 24 women leading Fortune 500 companies, after Beth Ford became the CEO of Land O'Lakes just last week. T andon grew up in a middle-class family where 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 ). She was surprised that her parents agreed to let her go abroad. 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). + Follow. In October 2006, her hard work, vision, strategic alignment, and business experience won her the title of CEO, and the following year, she also became chairman of the board. It is accelerating the inner transformation to find the light inside, and stay in. When Indra Nooyi '80 first introduced the notion of making PepsiCo's food and beverage products healthier back in the 1990s, when she was the company's president and CFO, her colleagues were skeptical. Building a culture of ownership. Washington, DCFollowing its September meeting, the National Gallery of Art Board of Trustees announced that former PepsiCo executive Indra Nooyi was elected as a new trustee and will begin serving immediately. Having spent a lifetime striving for perfection, you really understand you are perfection today, right now, right herethat different people make different forms of music, and they are all beautiful and perfect. I just saw her as this extraordinary businessperson, but very young. 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. Denise Truscello/Getty Images. Naturally, my view of business is altered by spirituality, but the two worlds are not in conflict except in terms of time commitments. 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. she asked. 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. In 1990 she began working as Senior Vice President of Strategy and Strategic Marketing for Asea Brown Boveri, an automation and power technology corporation. When I was about 6, my sister, Chandrika, and I were assigned daily chores. These compositions represent her continuing journey into the light. 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. On many days, we also wrote out two pages in handwriting notebooks to practice cursive usually the phrase the quick brown fox jumps over the lazy dog because it includes all 26 letters of the alphabet. She replied, It can wait. DNA: Why has Congress become 'extinct' in the Northeast? www.lassiwithlavina.com. Chandrika Krishnamurthy Tandon is that rare blenda woman of substance and spiritual enlightenment. 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. This is a sure-fire way of earning respect and trust, Suri adds. Her predecessor, Steven Reinemund, calls her a "larger-than-life leader." Sister - Chandrika Krishnamurthy Tandon (playback singer) Religion. Indeed, the family name Nooyi is actually derived from the village name Nooyi of Gurpur-Kaikamba. All rights reserved. Life is certainly much more than the next big business deal or the next acquisition. . Don't . Ive just been named President of PepsiCo. The Tandons commitment to education extends to leadership faculty chairs they have established at the Harvard Business School, Yale, IIM(A), and Madras Christian College in India. Chandrika Tandon is Vice Chairman of the Board of Trustees of NYU, Chairman of the NYU Presidents Global Council, and Chairman of NYU Tandon School of Engineering, and serves on the Business School and Medical School/ Hospital Boards. The award honours outstanding leaders who have accomplished great successes in spite of adversity. When it came to business school, she wasactually one of only eight women in her batch atIIM Ahmedabad, at that time an-all male bastion. She continued on with her education, receiving her M.B.A. in 1978 from the Indian Institute of Management in Calcutta. Indra Nooyi (second from left) with her brother Nandu Narayanan (left), grandfather A. Narayana Sarma, and older sister Chandrika Tandon: She is a well-known Indian-American entrepreneur who served as the former chairman and chief executive officer (CEO) of the global corporation PepsiCo from 2007 to 2018. The men would gather on the rooms two large sofas and talk about world affairs, local politics or current issues. Why Indra Nooyi is focused on family rather than flying to Mars.Also read: https://bit.ly/3oaskCH-----. For the unversed, megastar Amitabh Bachchan's granddaughter, Navya Naveli Nanda turned entrepreneur from a young age. And if you are just the next greedy American corporation, you don't stand a chance in China's tight labor market. December 29, 2021. Father - Not Known (employed at the State Bank of Hyderabad in India) Mother - Not Known. 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. 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. Raj, 63, attended college in the United States. She then went on to work for Johnson & Johnson as brand manager overseeing the companys Stayfree account. 2023 Cond Nast. The children were given various responsibilities for household chores from the age of 6-7 but their . Indra received the Outstanding Woman in Business award by the League of Women Voters in Connecticut. That swing, with its gentle glide back and forth in the South Indian heat, set the stage for a million stories. The house was eerily quiet when she wasnt home. Shes come full circle now, as her daughter Lita, also an executive at McKinsey, has given birth to her first child, making Tandon a recent grandmother. My mother was visiting at the time. For the unversed, megastar Amitabh Bachchan's granddaughter, Navya Naveli Nanda turned entrepreneur from a young age. The weakness of the company was a . Former PepsiCo CEO Indra Nooyi has called the coming decades "the decades of women" as economies move into a new phase of growth. She went on a hunger strike to be allowed to go to college. Indra Nooyi and Priyanka Chopra go way back. I'd followed my career mindlessly . Indra Nooyi, the former CEO of PepsiCo, may have headed a multi-billion dollar corporation but when it came to managing her household, she was told to "leave her crown outside . 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. But to play the guitar, you cut the nails. Every few chapters hed take the book, point to a page and ask: "What's the meaning of this word?" Nooyi says what started as a way to "future-proof" PepsiCo became the precursor for Environmental, Social and Governance (ESG) metrics that have become increasing common in companies. Indra Nooyi Leadership Style and Managerial Approach. Thatha believed that a good handwriting meant a good future.. Meanwhile, archrival Coke (KO, Fortune 500) is gearing up to revive the cola wars with such products as calorie-free Coke Zero, which looks like a hit, and the company's newly acquired Vitaminwater lineup. Get Your Mid-Day Gold Yearly Subscription now at Rs 899 Rs 499! This path of service is what transforms life and helps all the pieces to fall into place, like a giant jigsaw puzzle. If I had to rewind my life, I would add more compassion to it. All rights reserved. For Tandon, the joy is in being able to mentor so many young people in the schools and colleges she supports. Once you even glimpse that place you are on a new journey.Business, arts and philanthropy can all be accommodated in a balanced lifestyle. I appreciated how much each singer grew vocally throughout our journey and how the group created a joyful common As we worked through rehearsals, different ideas emerged about what worked on stage. "Do you remember campaigns like 'Keep America beautiful'? Get Tickets. 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 . DNA: 'Soft corner' for China in Rahul's heart? For a long time, investors have been enamored of PepsiCo for its bold strategic moves and steady, reliable growth. From my earliest days, I played on the swing with my older sister, Chandrika, and my younger brother, Nandu. August 7, 2018. It manifested in bits and pieces, based on what I was experiencing in my life at different phases. As she says, Music is what I am, everything I lived with the CEO and the management teamand restored the bank to profitability, which made waves in the market. Spirituality and chanting have been the twin graces of Tandons life, be it starting the day with pranayama or creating a musical choir for seniors at When I was a kid, I would come home from school, throw my bag, go out to play. for only $11.00 $9.35/page. 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. from Yale School of Management in 1978 School: Holy Angels Anglo Indian Higher Secondary School, Madras (now Chennai), India College: The Madras Christian College (MCC), Tambaram, Chennai, Tamil Nadu, India Indian Institute of Management Calcutta, Joka, Kolkata, West Bengal . so we needed a lot of rehearsals. Tandons life story is a classic example. PepsiCo Leadership Style: Successes and Failures. We lit candles and lanterns. From her school and college days in Madras/Chennai to her B-school years in IIM Calcutta, a sales trainee in Mumbai, and an immigrant student at Yale, it charts her ascent as a diligent, hard-working strategist who rose through the ranks at Motorola, The Boston Consulting Group, ASEA Brown Boveri and PepsiCo. We swayed and sang our school songs. My childhood home was defined by particularly progressive thinking when it came to educating women. All the essentials: top fashion stories, editors picks, and celebrity style. Start with the big picture. She would have made a great CEO. 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. Often, there would be power cuts and the house was plunged into darkness. She's not shy about asking for help when she needs it. Tandonis vice-chairman of the Board of Trustees of NYU, chairman of the NYU Presidents Global Council, and chairman of the NYU Tandon School of Engineering andserves on the Business School and Medical School/ Hospital Boards.