After serving and being the helm of the famous New York-based product PepsiCo for over 12 years, now is the time Indira Nooyi is calling it quits. Nooyi who is an Indian origin served as the PepsiCo CEO is now stepping down from her position and will be replaced by Ramon Laguarta who is the President of PepsiCo.
Born on 28th October 1955, Nooyi has an inspiring life story. Being born and bought up in the Chennai based middle-class family, she completed her schooling from Holy Angels Anglo Indian Higher Secondary School and continued in Madras Christian College where is graduated in Mathematics and MBA postgraduate from Indian Institute of Management Calcutta in 1976.
She started working with a British textile company, Tootal and then moved to Johnson & Johnson as a product manager. However, she realized that she is still not ready for the business world and then decided to study more and joined Yale School of management in the United States in 1978. She pursued the master degree in Public and Private Management and graduated in 1980.
She then joined the Boston Consulting Group as a director of international corporate strategy projects where she worked on several projects for the six years. In 1986, she moved as a senior executive to Motorola in the automotive division development team.
This was the break she was waiting for and managed to climb the position of vice president of the corporate strategy and planning in 1988. In 1990, she against changed her job and become the vice president and director of the corporate strategy and strategic marketing at ABB – Asea Brown Boveri when she integrated a group of a total of 15 diverse business into the cohesive operation.
She proved her worth and then got offers from two big names in 1994, the head of General Electric, Jack Welch and the CEO of PepsiCo Wayne Calloway. She joined PepsiCo as senior vice president of corporate strategy and development and then worked closely with Roger Enrico, the new CEO towards the future of the company. She grabbed a lot of things for the firm including Pizza Hut, KFC, and Taco Bell chains. In 2000, she becomes the chief financial officer, in 2001, the president and finally in 2006, she gets the tag of CEO with Steve Reinemund as the fifth CEO in the 44 years of history of PepsiCo.