After Cyrus Mistry’s removal as the Chairman of the Tata Group, Pepsico’s Indra Nooyi and Tata International MD Noel Tata have emerged as contenders for the post of Tata Group Chairman, reported CNBC-TV 18. From the chairperson and the CEO of PepsiCo to the frontrunner for the post of Tata Group Chairman, here is a short profile of Indra Nooyi.
Indra Krishnamurthy Nooyi is the current Chairperson and Chief Executive Officer of PepsiCo, the second-largest food and beverage business in the world by net revenue. She has consistently ranked among the World’s 100 Most Powerful Women. In 2014, she was ranked 13 in the list of Forbes World’s 100 most powerful women. She is the only Indian-origin woman in Fortune’s 51 Most Powerful Women list that is topped by Mary Barra, CEO and chairman of General Motors. Nooyi was ranked second on the list, same as 2015. In 2014, she was ranked third. On Nooyi, who is now in her 10th year as CEO, Fortune said she “shows no signs of slowing down.
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Nooyi joined PepsiCo in 1994 and was named the president and CFO in 2001. Nooyi has directed the company’s global strategy for more than a decade and led PepsiCo’s restructuring, including the 1997 divestiture of its restaurants into Tricon, now known as Yum! Brands. Nooyi also took the lead in the acquisition of Tropicana in 1998, and the merger with Quaker Oats Company, which also brought Gatorade to Pepsi Co. In 2006 she became the fifth CEO in Pepsi Co’s 44-year history. She was named as the 3rd Most Powerful Woman in Business by Fortune in 2014.
Nooyi’s strategic redirection of her company has been largely successful. 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). Her initiative was backed up with ample funding. She moved corporate spending away from junk foods and into the healthier alternatives, with the aim of improving the healthiness of even the “fun” offerings.In 2015, Nooyi removed aspartame from Diet Pepsi, furthering the shift towards healthier foods.
In a shocking move, Tata Sons Board on Monday announced replacing Cyrus Mistry as the Tata Group chairman. Ratan Tata will act as the interim chairman till a successor is found over the next four months. Tata Sons has appointed a 5-member selection committee comprising Ratan N. Tata, Venu Srinivasan, Amit Chandra, Ronen Sen and Lord Kumar Bhattacharyya to decide on the new chairman of the Tata group.