Indra Nooyi

Indra Nooyi (née Krishnamurthy; born October 28, 1955) is an Indian-born American business executive who was the chairman and chief executive officer (CEO) of PepsiCo from 2006 to 2018.

Nooyi has consistently ranked among the world's 100 most powerful women. In 2014, she was ranked at number 13 on the Forbes list, and the second most powerful woman on the Fortune list in 2015 and 2017. She sits on the boards of Amazon and the International Cricket Council, among other organizations.

Nooyi was born on October 28, 1955, in Madras (now known as Chennai), Tamil Nadu, India as the second of three children. Nooyi did her schooling in Holy Angels Anglo Indian Higher Secondary School in T. Nagar.

Nooyi's mother was a home maker while her father worked at the State Bank of Hyderabad. While not having a formal education herself, her mother devised strategic games at dinner for her daughters. When Nooyi and her sister were between eight and 11 years old, their mother instructed them to write a speech about what they would do if they held a position of power such as president or prime minister. If Nooyi fell short in a task, her paternal grandfather (a judge) would make her write, "I will not make excuses" 200 times on a piece of paper.

While completing her studies, Nooyi played guitar in a band, and excelled at cricket. Nooyi received bachelor's degrees in physics, chemistry and mathematics from Madras Christian College of the University of Madras in 1975, and a Post Graduate Programme Diploma from Indian Institute of Management Calcutta in 1976.

In 1978, Nooyi was admitted to Yale School of Management and moved to the United States, where she earned a master's degree in public and private management in 1980.

Nooyi began her career in India with product manager positions at Johnson & Johnson and the textile firm Beardsell Ltd. While attending Yale School of Management, Nooyi completed a summer internship with Booz Allen Hamilton. In 1980, Nooyi joined the Boston Consulting Group (BCG) as a strategy consultant, and then worked at Motorola as vice president and Director of Corporate Strategy and Planning, followed by a stint at Asea Brown Boveri.

Nooyi joined PepsiCo in 1994, and was named CEO in 2006, replacing Steven Reinemund, becoming the fifth CEO in PepsiCo's 44-year history. She started as PepsiCo's senior vice president for strategic planning from 1994 until 1996, then became senior vice president for corporate strategy and development from 1996 until 2000. Next, she became senior vice president and chief financial officer of PepsiCo from February 2000 to April 2001, moving then to president and chief financial officer, beginning in 2001, and was also named to PepsiCo's board of directors.

Nooyi 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. The financial gains from this spinoff allowed the company to increase the pace of its share buyback strategy, thereby giving it more leverage to pursue future acquisitions without as much shareholder backlash. Nooyi also worked on the acquisition of Tropicana in 1998, and the merger with Quaker Oats Company, which also brought Gatorade in 2001. The $3.3 billion acquisition of Tropicana initially faced opposition from other PepsiCo executives and Wall Street critics. The Quaker Oats Company's ownership of Gatorade was a lucrative move for PepsiCo, since Gatorade was responsible for 80% of sports drink sales at the time. Similar to the Tropicana acquisition, this strategic move gave PepsiCo leverage against Coca-Cola, owner of Powerade – second in the sports drink segment. PepsiCo's annual net profit rose from $2.7 billion to $6.5 billion.

Nooyi was named on Wall Street Journal's list of 50 women to watch in 2007 and 2008, 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. In 2014, she was ranked #13 by Forbes. Fortune ranked her the #1 in the list of Most Powerful Women in Business in 2009 and 2010. On October 7, 2010, Fortune magazine ranked her the 6th most powerful woman in the world. In Fortune's Most Powerful Women List of 2015, Nooyi ranked second.

Nooyi's strategic redirection of PepsiCo was called "Performance with a Purpose," focused on creating long-term growth while leaving a positive impact on society and the environment. She reclassified PepsiCo's products into three categories: "fun for you" (such as potato chips and regular soda), "better for you" (diet or low-fat versions of snacks and sodas), and "good for you" (items such as oatmeal). She moved corporate spending away from junk foods and into the healthier alternatives, with the aim of improving the healthiness of even "fun" offerings. In 2015, Nooyi removed aspartame from Diet Pepsi, although in 2016 aspartame was reintroduced due to public backlash.

In January 2008, Nooyi was elected chairwoman of the U.S.-India Business Council (USIBC). Nooyi leads USIBC's Board of Directors, an assembly of more than 60 senior executives representing a cross-section of American industry.

In 2008, Nooyi was elected to the Fellowship of the American Academy of Arts and Sciences. She was also named one of America's Best Leaders by U.S. News & World Report.

Nooyi was named CEO of the Year by the Global Supply Chain Leaders Group in July 2009. That year, she was also Nooyi was considered one of "The TopGun CEOs" by Brendan Wood International, an advisory agency.

Fortune magazine has named Nooyi number one on its annual ranking of Most Powerful Women in business for 2006, 2007, 2008, 2009 and 2010.

Nooyi was named to Institutional Investor's Best CEOs list in the All-America Executive Team Survey in 2008 to 2011. After five years on top, PepsiCo's Indian American chairman and CEO Indra Nooyi has been pushed to the second spot as most powerful woman in US business by Kraft's CEO, Irene Rosenfeld.

Nooyi is a Successor Fellow of the Yale Corporation. She is a member of the Foundation Board of the World Economic Forum, International Rescue Committee, Catalyst and the Lincoln Center for the Performing Arts. She is a member of the Board of Trustees of Eisenhower Fellowships, and has been chairman of the U.S.-India Business Council.

Nooyi is an honorary co-chair for the World Justice Project. From April 2015 until April 2020, she was a director of Schlumberger Limited. In June 2016, she was part of the inaugural team on the Temasek Americas Advisory Panel.

In December 2016, Nooyi joined a business forum assembled by Donald Trump to provide strategic and policy advice on economic issues.

In June 2018, Nooyi joined the International Cricket Council Board as the organization's first independent female director.

Since February 2019, Nooyi has been a member of the board of directors at Amazon.

Indra married Raj K. Nooyi, president at AmSoft Systems, in 1981. Nooyi has two daughters and resides in Greenwich, Connecticut. She is a Hindu by faith and abstains from alcohol.

Her older sister Chandrika Krishnamurthy Tandon is a businesswoman and also a Grammy-winning artist. South Indian Carnatic musician Aruna Sairam is Indra's cousin.