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The Three F’s always held Nooyi’s core intact. We must all be there, to. They steeped all of us in that thinking. “The innovation pump in PepsiCo was primed to the point where we have enough for the next two or three years. Family, friends and faith. In the musty corridors of the Sydney Cricket Ground, Indra Nooyi and I are discussing the fact we have two ears and one mouth. “So when you have market growth at 2-3 percent and you want to grow it 4-5 percent, the only way you’re going to outgrow the market is through innovation. But little by little, the international students banded together, because we were all miserable without any support systems. I also look at women who are extremely arrogant and think, ‘I hope I don’t come across that way.’” For the record, she doesn’t. And what she’s currently witnessing is a better looking path for young women than ever before. I must be there. And when you’re facing that sort of criticism, it’s very hard to remain engaged. and Monsanto. So your time has come.”, “…as a woman CEO, you are the focus of everybody and they’re looking to see what you do wrong so they can really bring you down.”. PepsiCo CEO Indra Nooyi, one of the most prominent women to lead a Fortune 500 company, will step down on October 3. This interview, which was condensed and edited for clarity, was conducted in New York. But if you’re really committed to health, why keep selling soda and chips? https://www.nytimes.com/2019/03/21/business/indra-nooyi-corner-office-pepsi.html I also look at women who are extremely arrogant and think, ‘I hope I don’t come across that way.’, Reprogramming Your Brain To Present With Confidence. A good belief in that to say, ‘Whoever’s up there, give me a hand.’ You know, it helps sometimes to give you peace.” Nooyi has publicly. And in light of all the criticism that comes your way you’ve just got to be steadfast. And I would talk about people’s consumption of fat, sugar and salt. It was a big loss for New York. He would give me good advice,” she said. And when everything failed, I always would result to spirituality. We can ill afford to be a country where women drop out of the work force. That prepared her to thrive in corporate America and rise to become chief executive of PepsiCo. Each of the meetings was constructive. In the meantime, her second passion will pay it forward even sooner. What were the big takeaways from your time at Yale? When did you start thinking about the need for Pepsi to be more than a soda and snacks company? So the first thing I had to do was make sure that whenever I talked to employees about it, I shared experiences, observations, data. But it takes two or three years to get the pipeline primed, so my success was to keep priming that pipeline because you need a three year window to see what could come and what you could launch and whether it was incremental instead of cannibalising what you already had.”. We can’t expect women to have children and then not provide the infrastructure to support them. I always told Nelson: “You may be an external activist, but I’m an internal activist. I talked about water shortages in parts of the world. “I’m a student of observation. Why do I admire what they say? My job is to give you a choice of products, between fun for you, better for you and good for you. I’m working for the company, not for myself, so I have to worry about the future of the company, not just my tenure as a CEO’. What was it like for you when you arrived in the U.S. to attend the Yale School of Management? So if you want to grow faster than the market you better have an innovation pipeline that is better than anybody else’s out there and priced in a way that you can actually get a premium for it. Just staying in place will only make you lose share, not grow share. The first is the future of work. Each of them brings a little something to the table and I go, ‘Hmmm, that’s interesting how they approached this problem or this issue or how they were treated and the calmness with which they carried things through’. Instead, she will be teaching at West Point, and recently joined the board of Amazon. How it will be more inclusive of women. I’ll give you low-calorie products. How am I going to organise them? Not religion, but spirituality. He would give me good advice,” she said. “The next day I started searching for an office. I’ve got a lot of stock. And he could not have been nicer. Was it a mistake to disband the forum after his response to the violence in Charlottesville? as a woman CEO, you are the focus of everybody and they’re looking to see what you do wrong so they can really bring you down.”. “We have two eyes too,” Nooyi points out. One that can be addressed quickly is this tremendous unconscious bias. Every state is competing for those jobs. What it will look like. Everywhere you looked, you could see that consumption of low-calorie, zero-calorie products was increasing. The expectation was you would get, at a minimum, a master’s degree. I climbed trees. I’m not here to tell you what to eat or drink. He gave us his undivided attention. I’m not sure the companies themselves are demanding it. That was the only focus. When Indra Nooyi stepped down as chief executive of PepsiCo last year, she was replaced by a man — and the ranks of female C.E.O.s further dwindled. We had town halls and invited the spouses of employees to come. People just worry about what short-term investment you’re giving. Not collectively. And if I put the right amount of advertising dollars between the whole portfolio, I’m letting the consumer decide. I got dropped off in New Haven and had nobody to help me. “I go deep into that and wonder, ‘What is it they say? So it becomes a race between the states, each one putting up the right incentives to get the companies. If your board is not on your side, it doesn’t work. Health advocates pushed the company to reduce the amount of salt, sugar and fat in its products. Then somebody said: “It’s the same as yogurt. It’s a good place to be,” she said. Family, friends and faith. Wayne Calloway, who was then C.E.O. “I go deep into that and wonder, ‘What is it they say? Our board bought into the strategy. At the same time, she fended off activist investors calling for higher short-term profits. In the early years, the marketplace was growing, so it lifted all the boards with it. Philosophically, where do you stand on this? You joined the board of Amazon just after its about-face on building a new headquarters in New York. What was it like working with President Trump on the Strategic and Policy Forum? Today, fewer than 5 percent of companies in the Standard & Poor’s 500 are led by women. There was a moment early in your career when you had the chance to go to a few different companies, including G.E. As a student of observation, it’s no surprise Nooyi can read markets. But by the time they get to Level 2 and Level 3, they just drop out of the work force for several reasons. I needed curds for every meal, but I didn’t know where to get them. “I decided to make a break, and I’ve gotten so busy doing other things. Our own employees’ consumption was changing. They didn’t have support systems for international students. It was changing slowly, but we had to make some moves before it changed too fast. We must all be there, to beat the crowd of 93,013 that saw the Australian men’s team’s win against New Zealand at Melbourne Cricket Ground, and set a world record for a women’s sporting event. Indra Nooyi, a former chief executive of PepsiCo. Great communication skills, courage and confidence are also vital. What it will look like. So observe and listen.”, After stepping down from her position as CEO of PepsiCo in October last year, ending her 12 year tenure as chief executive of a company she had spent 24 years of her life working for, Nooyi has had more time to observe. When am I going to unpack them? Pepsi was accused of deceptive marketing practices. It tests your very capability in the area of resilience and confidence. The global business executive sheds advice on confidence, resilience and the value of dreaming big. It went from regular Pepsi to Diet Pepsi and Pepsi Max. She will remain as chairwoman of the board of … We never lacked for anything, but we didn’t have much. But if I make all the products ubiquitously available, priced reasonably the same and they all taste great, ultimately it’s a consumer choice. Yes and no. New York was making an investment in Amazon in the short term to get many years of benefits. I’m not going to do it, and my board is not going to accept it.”. Michelle Obama and Melinda Gates of course made the list. Bank it, and keep building stuff that you can bank. He was on the board of G.E., and he said: “I hear you’re going to join G.E. Plenty of people questioned the strategy. “Without it, you’re toast,” Nooyi says with a smile. For Indra Nooyi, now in her eighth year in the grueling crucible that is the leadership of one of America’s most globally recognized brands, it just may be a moment to exhale. So if you want to grow faster than the market you better have an innovation pipeline that is better than anybody else’s out there and priced in a way that you can actually get a premium for it. The politics of pandemics: A front row seat. What it will look like. Mountain Dew is a fantastic brand. Know that the world needs you today, confident women, we need you today. For me, it’s a pay it forward.”. “I had a very good group of friends, and my kids and my mum, everybody gave me a lot of support. At one in Egypt, a lady stood up and said, “My husband’s going to be mad I’m saying this, but I have a kid who’s 2, and I read every label, and I’m not willing to give my child all PepsiCo products.”. I’m going to focus on duration of returns, rather than level of returns for a short time.” And the board said, “Yes, that’s the right way to go at it.”.

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