(updated - 31 May 2010)
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People of Indian origin heading multinationals
People with Indian roots are fast climbing up the global corporate ladder, the latest being Pune-born, Delhi-educated, IIM-Ahmedabad alumnus Ajay Banga.
Banga, MasterCard’s president and chief operating officer, has been named its president and chief executive officer effective July 1.
He will take over from current CEO Robert Selander in July, ten months after being hired from Citigroup as a potential successor.
1) Indra Nooyi, Chairman & CEO, PepsiCo
Indra Nooyi is chairman and chief executive officer of PepsiCo, which has the world’s largest portfolio of billion-dollar food and beverage brands, including 19 different product lines that each generate more than $1 billion in annual retail sales. With nearly $60 billion in revenue, PepsiCo employs 285,000 people worldwide.
Ms Nooyi was named president and CEO on October 1, 2006 and assumed the role of chairman on May 2, 2007. She has directed the company’s global strategy for more than a decade and led its restructuring, including the divestiture of its restaurants into the successful YUM! Brands, Inc, the acquisition of Tropicana and the merger with Quaker Oats that brought the vital Quaker and Gatorade businesses to PepsiCo and the merger with PepsiCo’s anchor bottlers.
Prior to becoming CEO, Ms Nooyi served as president and CFO beginning in 2001, when she was also named to PepsiCo’s Board of Directors. Before joining PepsiCo in 1994, Ms Nooyi spent four years as senior V-P of strategy and strategic marketing for Asea Brown Boveri, a Zurich- based industrials company. Between 1986 and 1990, Ms Nooyi worked for Motorola.
Prior to Motorola, she spent six years directing international corporate strategy projects at The Boston Consulting Group. Ms Nooyi began her career in India, where she held product manager positions at Johnson & Johnson and at Mettur Beardsell Ltd, a textile firm. In addition to being a member of the PepsiCo Board of Directors, Ms Nooyi serves as a member of the boards of The Consumer Goods Forum, Catalyst and Lincoln Center for the Performing Arts. She is also a Successor Fellow of Yale Corporation.
2) Vikram Pandit, CEO, Citi
Vikram Pandit is the chief executive officer of Citi. Before being named CEO on December 11, 2007, Mr Pandit was chairman and CEO of Citi's Institutional Clients Group, which includes Markets & Banking and Citi Alternative Investments.
Formerly the chairman and CEO of Citi Alternative Investments, Mr Pandit was a founding member and chairman of the members committee of Old Lane, LP which was acquired by Citi in 2007.
Previously, Mr Pandit was President and Chief Operating Officer of Morgan Stanley’s institutional securities and investment banking business and was a member of the firm’s Management Committee.
Mr Pandit serves on the boards of Columbia University, Columbia Business School and the Indian School of Business. He is a former board member of NASDAQ, Trinity School, the New York City Investment Fund, and the American India Foundation.
Mr Pandit earned a PhD in Finance from Columbia University in 1986. He also received an MS degree in 1977 and a BS degree in electrical engineering in 1976 from Columbia.
3) Deven Sharma, president, Standard and Poor's
Deven Sharma is president of Standard & Poor’s, a division of the McGraw-Hill Companies, and the world’s foremost source of financial market intelligence, providing independent credit ratings, indices, risk evaluation, investment research and data.
Mr Sharma joined S&P in 2007 as executive vice president, Investment Service and Global Sales. Prior to joining S&P, he was executive vice president, Global Strategy at The McGraw-Hill Companies for five years.
Mr Sharma joined The McGraw-Hill Companies in January 2002 from Booz-Allen & Hamilton, a global management consulting company, where he was a partner. During his 14 years with that firm, he provided guidance to client companies on business strategy and globalization, as well as on branding and sales management.
Much of his experience includes work with global corporations in the US, Latin America, Europe and parts of Asia. Prior to Booz-Allen, he worked with manufacturing companies, Dresser Industries and Anderson Strathclyde.
Mr Sharma holds a bachelor’s degree from the Birla Institute of Technology in India, a master’s degree from the University of Wisconsin and a doctoral degree in Business Management from Ohio State University. He has authored several publications on competitive strategy, customer solutions, sales and marketing. He is a Board member of 800-Flowers Inc, CRISIL, the US-China Business Council and Asia Society Business Council.
4) Piyush Gupta, CEO, DBS Group
Piyush Gupta was appointed CEO of DBS Group Holdings and DBS Bank Ltd on November 9, 2009. Prior to joining DBS, Mr Gupta was Citigroup’s CEO for South East Asia Pacific, covering Australia, New Zealand, Guam and the ASEAN countries - Singapore, Malaysia, Philippines, Indonesia, Thailand, Vietnam and Brunei.
Mr Gupta began his career with Citibank in India in 1982 and over the years, has held various senior management roles across Citi’s corporate and consumer banking businesses, including Chief of Staff for Asia Pacific Corporate Bank, Head of Strategic Planning for Emerging Markets and Regional Director for Global Transaction Services for Asia Pacific.
He has also served as Citi’s Country Officer for Indonesia, Malaysia and Singapore as well as the ASEAN Head of the Institutional Clients Group.
Mr Gupta has served as a member of the Indonesian Government’s Debt Restructuring Committee, Chairman of the Foreign Banks' Association in Indonesia and on the Board of Kuala Lumpur Business Roundtable, as well as on the Boards of AMCHAM Malaysia and Singapore.
He is a past Chairman of the Financial Services Committee of the US-ASEAN Business Council, and currently serves on the Group of Experts to the ASEAN Capital Markets Forum. Married with two children, Mr Gupta has a Bachelor of Arts (Honours) Degree in Economics from St Stephen’s College, Delhi University, and an MBA from IIM, Ahmedabad.
5) Francisco D'Souza, President & CEO, Cognizant
Francisco D'Souza has over 20 years of experience in the information technology industry in both operational and advisory roles.
Prior to his current position, Francisco was Chief Operating Officer, with responsibility for Cognizant’s global delivery, marketing and sales, business development, and client services organizations. Previously, he led the company’s North American and European operations.
He joined Cognizant when it was founded in 1994. Earlier in his career, Francisco spent four years at various divisions of The Dun & Bradstreet Corporation, holding key positions in marketing, strategic planning, and new business development in Germany, the US and India.
Francisco was named one of the nation’s best CEOs in Institutional Investor’s 2010 All-America Executive Team ranking. He received an Ernst & Young Entrepreneur of the Year 2007 Award in the information technology services category for New Jersey and was a finalist in 2004.
He also received the Entrepreneur of the Year award from the Economic Times of India in 2005. He serves on the Board of Trustees of Carnegie Mellon University and the Board of Trustees of The New York Hall of Science.
Born in Nairobi, Kenya, Francisco has traveled widely in countries ranging from Panama to Hong Kong, where he obtained his Bachelor's degree from the University of East Asia. He also received an MBA from Carnegie Mellon University.
6) Surya N Mohapatra, Chairman & CEO, Quest Diagnostics
Surya N Mohapatra is Chairman, President and Chief Executive Officer of Quest Diagnostics. Prior to joining the company in February 1999 as Sr V-P and Chief Operating Officer, he was Sr V-P of Picker International, a worldwide leader in advanced medical imaging technologies, where he served in various executive positions during his 18-year tenure.
Dr Mohapatra was appointed President and Chief Operating Officer of the company in June 1999, Chief Executive Officer in May 2004, and Chairman of the Board in December 2004. Dr Mohapatra also is a director of ITT Corporation.
Dr Mohapatra is also a member of CECP, a dedicated network of business CEOs and chairpersons who inspire peer executives to show greater commitment to corporate community partnerships.
He also co-chairs the NJ American Cancer Society of CEOs Against Cancer, a statewide forum of CEOs who are committed to addressing the cancer issue in their workplace.
7) Dinesh Paliwal, Chairman, President and CEO, Harman International Industries
Dinesh C Paliwal is chairman, president and chief executive officer of Harman International Industries Inc.
Paliwal became chairman of the company in May 2008. He previously served as president, CEO and vice chairman since joining the company in 2007.
Washington, DC-based Harman International designs, manufactures and markets a wide range of audio and ‘infotainment’ products for the automotive, consumer and professional markets. The company maintains a presence in the Americas, Europe and Asia and employs more than 12,000 people worldwide.
The Harman International family of brands spans some 15 names including AKG, Audioaccess, Becker, BSS, Crown, dbx, DigiTech, Harman Kardon, Infinity, JBL, Lexicon, Mark Levinson, Revel, QNX, Soundcraft and Studer.
8) Shantanu Narayen, President and CEO, Adobe Systems
Shantanu Narayen is president and chief executive officer of Adobe, one of the world’s largest and most diversified software companies. In 2009, Narayen led the $1.8 billion acquisition of Omniture, Inc, expanding Adobe’s ability to help customers measure and optimize the value of online experiences, content and applications.
Prior to his appointment as CEO in December of 2007, Narayen was Adobe’s president and COO, responsible for the company’s day-to-day global operations, product research and development, marketing and corporate development. In 2005, he co-led the $3.4 billion acquisition of Macromedia, strengthening the company’s presence in key markets ranging from enterprises and vertical industries to mobile devices and multimedia publishing.
Previously, he held key product research and development positions within Adobe, including executive vice president of worldwide products, senior vice president of worldwide product development and vice president and general manager of the engineering technology group.
Before joining Adobe in 1998, Narayen was co-founder of Pictra, Inc., an early pioneer of digital photo sharing over the Internet. Prior to that, he served as director of desktop and collaboration products at Silicon Graphics, Inc. and held various senior management positions at Apple Computer, Inc.
Narayen holds five patents and is a frequent speaker at industry and academic events. He serves on the Board of Dell, Inc and the Advisory Board of the Haas School of Business, University of California at Berkeley, and is president of the board of the Adobe Foundation, which funds philanthropic initiatives around the world. Narayen holds a bachelor’s degree in electronics engineering from Osmania University, a master’s degree in computer science from Bowling Green State University and a master’s degree in business administration from the Haas School of Business
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