I adored and revered Thatha, whose full name was A. Narayana Sarma. Both had been CFOs and rising stars. As we worked through rehearsals, different ideas emerged about what worked on stage. Naturally, my view of business is altered by spirituality, but the two worlds are not in conflict except in terms of time commitments. Bubbling with the newfound knowledge of her success she left for home early only to be told by her mother to get some milk before she could break the news to her family members. , Meet Chandrika Tandon businesswoman andGrammy nominated musician. On very hot days, we drank kanji, a mix of cooked rice soaked in water overnight, and then blended with diluted buttermilk. Tuesday, Mar. We are little republics. Indra Nooyi announced this week that she will soon step down as PepsiCo's C.E.O., after twelve years in the role. For a dozen years as one of the world's most admired CEOs, Indra Nooyi redefined what it means to be an exceptional leader. (Right) Music is what I am, everything else is what I do, says Tandon. . Suddenly, however, a change in the economic environment is likely to test whether Nooyi is a leader for all seasons. Indra had a thirteen month older sister (Chandrika) and a eight year younger brother (Nandu). None of us liked that at all. 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. 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. Her fourth album. All the major prayers like the Vishnu Sahasranamam were chanted in our home every day.. I lived with the CEO and the management teamand restored the bank to profitability, which made waves in the market. By signing up you agree to our User Agreement and Privacy Policy & Cookie Statement. "Fast forward to today where most of the ESG metrics are focused on this very topic . In an old Indra Nooyi video I saw recently, she talks about getting into Yale and how her mother refused to let her go to America, how it was her father who insisted that he would never discriminate between his sons and daughters . Total cash returned to shareholders through dividends and share repurchases of . Indra seems to understand this instinctively.". 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. For me, its become almost a meditation. I had loads of energy and loved to play sports, climb trees and run around the house and garden, all in a society where girls were judged on their skin tone, beauty, calmness and homeliness. I overheard chitchat among relatives wondering how they would ever find someone to marry this tomboy. That still stings. She received a degree in chemistry, physics, and math from Madras . She says she asked the board to increase White's compensation to nearly match hers (Nooyi's 2006 compensation: $7.1 million). Once in a while, on weekends, she tucked flowers into our pigtails. The first woman of color and immigrant to run a Fortune 50 company and one of the foremost strategic thinkers of our time she transformed PepsiCo with a unique . Music harmonizes me as a person. This requires courage, and the confidence and security of knowing who and what you are a work in progress, Suri explains. 6 Companies arent just profit-making centres: While devising the Performance with Purpose framework for PepsiCo, Nooyi says, Whats good for commerce and whats good for society have to go together a piece of advice that helps build lasting legacy organisations. Nooyi, who turned 66 in October, is currently on the boards of Amazon, Philips and the International Cricket Council. 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. We swayed and sang our school songs. Building a culture of ownership. By continuing to use our website, you agree In this role, Ms Nooyi was the chief architect of Performance with Purpose, PepsiCo's pledge to do what's right for the business by being responsive to the needs of the world around it. Her overall salary had increased to $19,087,832, including $5.5 million in stock options. She grew up in a home that thrived on music but never followed that path, engaged as she was with building a career. 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. DNA: Why has Congress become 'extinct' in the Northeast? Navya graduated from Sevenoaks School in Kent, London along with Shah Rukh Khan's son Aryan Khan. She currently resides in Greenwich, Connecticut with her husband of 35 years Raj K. Nooyi and has two daughters. Great variety was available, for a price. She interviewed at McKinsey in a sari and chappals, wearing a borrowed coat. All rights reserved. Most recently, Nooyi was chairman and . In her new memoir, "My Life in Full . References. September 28, 2021 . "Tell me whatever I need to do to keep you, and I will do it," she told her longtime colleague, who was vice chairman at the time. Former PepsiCo CEO Indra Nooyi has called the coming decades "the decades of women" as economies move into a new phase of growth. from Madras Christian College in 1974, Does Indra Nooyi drink alcohol? He had studied math and law, and, for decades, was a district and sessions judge deciding both civil and criminal cases. He was entirely dedicated to his young grandchildren, introducing us to ever-more-sophisticated books and ideas, explaining geometry theorems, and pressing for detail and clarity on our school efforts. A vendor came a little later in the morning, selling fresh vegetablescauliflower, spinach, squash, pumpkin, potatoes, onions. 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. Aara Health is an organisation co-founded by Navya along with Mallika Sahney, Pragya Saboo and Ahilya Mehta in 2020. The fight over the cholesterol medication is keeping a generic version from hitting the market. I was never in doubt that the head of the household and of the family resided in the mens living room. She also gave the actress a message from her mother. We swayed and sang our school songs. At the 2008 World Economic Forum in Davos she told Secretary of State Condoleezza Rice it was critically important that "we use corporations as a productive player in addressing some of the big issues facing the world.". She adopted her husband's surname after marriage. in . We got an hour to snack and play until Appa came home at about 5:30 pm. She was named President and CEO of PepsiCo in 2006 becoming the fifth CEO in PepsiCos 44-year history. In the evenings when the cousins were visiting, the swing was dismantledthe great, shiny-wood plank unhitched from the silver-colored chains and carried to the back porch to be stored overnight. Last year she spent $1.3 billion on acquisitions like Naked Juice, a California maker of soy drinks and organic juice. I didn't.. All times are ET. Then shed make breakfast, usually oat porridge with milk, sugar and cardamom powder. Rihanna Is Pregnant With Her Second Child, Blake Lively Announces the Birth of Her Fourth Child, Dwyane Wade and Gabrielle Union Are the Parents Every LGBTQ+ Child Deserves, At Eckhaus Latta, Glossy Skin and Liquid Latex Gloves Rule, Start Your Routine Off Right With The Best Face Primers. I got into spirituality, searched for answers, for purpose. 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. Copyright 2021 by Preetara LLC. with musicians, most of whom I had already worked with. For the past 12 years, Indra Nooyi has called the shots as chairman and CEO of PepsiCoone of the most recognized brands in the world. When it was his turn to speak to the troops at the meeting the following week to announce Nooyi's appointment, he put it this way: "I play the piano and Indra sings." community building. Suri notes that like Nooyi, good leaders demonstrate a you-come-first attitude. 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. from Madras Christian College in 1974. She has been featured in Forbes' "The World's 100 Most Powerful Women," Fortune' s . BY Beth Kowitt. www.facebook.com/LassiwithLavina/. Raj, 63, attended college in the United States. Indra Nooyi had shared a stage with Priyanka Chopra in 2018 at an event. Staying informed as a leader gives you the advantage of recognising shifts in corporate/customer dynamics at agrassroots level, she asserts. He often allowed me to tag along with him. So one day, I'll cut the nails off. Tandons life story is a classic example. It is hard to be down when you are singing. She isa Grammy-nominated musician. Adapting it for the stage at the Kennedy Center was a complex reimagining. 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. in Business Wisdom. I went into myself, came to a new way of seeing "success" as freedom to do what I wanted. from IIM Calcutta in 1977 M.A. It changes relationships within the family and it changes the relationship with yourself. I had no idea who Navya Nanda was when I was mentoring her. The swing was a set piece for elaborate plays we wrote and performed, based on anything that caught our fancy. "You have to relate your interests to the interests of other parts of the world - to be relevant in their societies. I have become a lot more centered and able to let go of outcomes and concentrate on the work and the journey. When leaders open themselves to feedback, they show that their leadership is not about them, but what serves the greater good. 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. 4 View the employee, and their family, as part of your organisation: As someone who values her family above all, Nooyis book is a handbook on how to manage work and personal life. 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. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. Her departure leaves only 24 women leading Fortune 500 companies, after Beth Ford became the CEO of Land O'Lakes just last week. The latest fashion news, beauty coverage, celebrity style, fashion week updates, culture reviews, and videos on Vogue.com. Set too ambitious a profit target in India, and there will be hell to pay if your bottling company drains the water table. 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. But intellectually and in terms of opportunities, I never felt held back by my sex. October 8, 2021. she asked. Then there would be more schoolwork, chores and lights out. We played hide-and-go-seek, we climbed trees and picked the mangoes and guavas that grew in the garden surrounding the house. I appreciated how much each singer grew vocally throughout our journey and how the group created a joyful common Indra and Raj have two grown-up daughters - Preetha Nooyi and Tara Nooyi. He is the president of an IT company called Amsoft System. Amma always wore flowers in her hair, a string of white or colorful blooms around her dark bun or ponytail. When Chandrika Tandon first came to America at the age of 24 to interview for a job at McKinsey & Company, she had no American degree and no green card. It essentially boils down to balancing the profit motive with making healthier snacks, striving for a net-zero impact on the environment, and taking care of your workforce. He could easily have been CEO." We grew up in a very simple home in a very old city, where Vedic traditions are performed to this day. And it affects all parts of my lifemy business, my family, my friendships, everything. An international leader in corporate business, Indra Nooyi is a visionary known for her keen intellect, strategic thinking, can-do attitude, and consistently demonstrating a commitment to sustainability and corporate responsibility to society as a whole. Our job was to make sure she didnt bulk up the milk by adding water. If we struggled with math, hed pull out papers on which hed already composed practice problems. Nooyi stepped down from the company in early 2019, but during her tenure, sales increased by 80% and PepsiCo's philanthropic and community initiatives expanded, leaving the company vastly more successful than when she joined. Indra Nooyi is the former CEO and chairman of PepsiCo and author of her new memoir, My Life in Full. The company's stock has more than doubled since 2003 and now hovers around $70 a share, up about 10% since she took over. Sukanya Datta Contrary to this, Indra got married in 1980 to Raj K. Nooyi. Thisfeeling of compassion allows you to give completely of yourself.. 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%. She then went on to work for Johnson & Johnson as brand manager overseeing the companys Stayfree account. (Left) Receiving the Gallatin medal, NYUs highest honor. Its when leaders stop coming from the space of I know better or I know it all, that the paradigm shifts towards growth. 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 . P.G.D.M. 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. Nooyi's grandfather, Thatha, with Nooyi (left) and her siblings. The most relentless began near dawn, when, on many days, one of us climbed out of our shared bed at the first sound of a grunting, bawling water buffalo at the front door. You took many performers from New York, London, and India. Indra Nooyi and Priyanka Chopra go way back. Tandon 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).