Indra Nooyi Takes the Second Spot in the Most Powerful Women List by Fortune
Indra Krishnamurthy Nooyi, born in India on 28th October 1955 and is a naturalized citizen of the United States of America. She is a business executive and is currently handling the responsibilities as Chief Executive and Chairperson of PepsiCo. Having its headquarters in Purchase, New York it’s the second-largest among the food and beverage industry in regards to its generation of net revenue.
The Company holds interests in snack foods based on grains, refreshment beverages, and similar other products and monitors and manages the entire process of manufacturing, marketing, and also the distribution of the same.
The formation of PepsiCo was the consequent result of the amalgamation of the Pepsi-Cola and Frito-Lay companies in the year 1965. Later in the year 1998 PepsiCo also acquired Tropicana and then in the year 2001 it merged with Quaker Oats which brought in the Gatorade brand under PepsiCo’s portfolio.
Indra Nooyi has been at the helm of affairs at PepsiCo from the year 2006 and has been a consistent feature in the coveted list of World’s 100 Most Powerful Women.
Nooyi has successfully climbed the ladder one notch higher in the Fortune’s list of 50 most powerful women in business and moved up from the third position in last years’ list to 2nd rank this year. She is only behind Marry Barra, the CEO of General Motors who has topped the list with the number 1 position. Also to note that among all other women who featured in the list Nooyi is the one and only executive having Indian origin.
“Nooyi marks her ninth year atop the $66.6 billion snack-and-drink behemoths in a stronger position than she’s been in for a long time”, Fortune said in regards to the 59-year-old PepsiCo top executive.
The reasons cited by Forbes for the ranking of Indra Nooyi includes her winning the challenge called by Nelson Peltz an activist investor, she also bagged an important marketing deal involving NBA and also managed to mark the growth of 4 percent in organic revenue, all this was achieved by her in the year 2014.
Mary Barra, the topper of the Fortune’s list consisting of 50 Most Powerful Women in Business has also had an eventful second year and in her role as the head of the American automobile giant, General Motors “has led the $156-billion-in-sales company out from under the shadow of its 2014 ignition-switch recall”, this, in turn, has helped her bag the top spot in the coveted list.
Barra is amongst the very few female CEO who is participating in a Twitter campaign “#ilooklikeanengineer” which promoted women in tech.
According to Fortune, “One trillion dollars in stock market value. That’s what just the 27 CEOs on The Fortune Most Powerful Women list control”.
The list includes the other heavyweight CEO’s, for instance, Ginni Rometty, CEO of IBM has secured the third rank and similarly Sheryl Sandberg COO of Facebook, Marissa Mayer CEO of Yahoo, Heather Bresch CEO of Mylan, Carolyn Tastad President of Procter & Gamble Group North America hold 8th, 18th, 22nd and 36th position in the ranking list. The list also included the American singer, songwriter, and actress, Taylor Swift as a bonus pick for 51st position.
In regard to Sheryl Sandberg, Fortune cited that her vision to establish Facebook as a major player in the mobile advertising segment was finally taking shape and looked like a possible reality.
To back up the above statement the statistics showed clearly that the revenue of Facebook from mobile ad escalated to 76 percent of the total ad sales, whereas the second quarter of the financial year of 2014 had recorded it at 62 percent and also the profits of the company for the financial year 2014 doubled and was recorded to be $2.9 billion.
“The next chapter in Sandberg’s monetization strategy involves attracting more advertisers to viral photo-sharing app Instagram, which now counts 300 million users,” the magazine said.