Everything to know about Ramon Laguarta, PepsiCo's new CEO. The 54-year executive has so far spent 22 years with PepsiCo and has worked in different executive and general management roles. Executives hesitant to put themselves out there publicly also could have a family member donate on their behalf, and while it's not impossible to tie the donation to that individual, it takes more time and political savvy by the prospective sleuth to dig up the information. While 14% of our U.S. workforce is Black, we know we need to increase representation in leadership. The most active insiders traders include Ian M Cook, Indra K Nooyi, and Michael D White. He officially took over the role on October 3, 2018 and became Chairman of the Board of Directors on February 1, 2019. Indra Nooyi: The Titan steps down | Business | indiaabroad.com . PURCHASE, N.Y., Jan. 10, 2019 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) today announced that its Board of Directors has unanimously elected Ramon Laguarta as the company's Chairman of the. He reports to PepsiCo CEO Ramon Laguarta . Most recently he sold 5,900 units of PEP stock worth $1,021,231 on 21 October 2022. PepsiCo, Inc announced that the Board of Directors has unanimously elected Ramon Laguarta, 54, to succeed Nooyi, 62. The struggle for equality exists in many forms around the world, from religious freedom, to gender equality, indigenous peoples rights, LGBTQ+ rights, Latino rights in the U.S., and other racial and ethnic discrimination. As CEO, she grew revenue more than 80%, outperforming our peers and adding a new billion-dollar brand almost every other year. PepsiCo has confirmed that Ramon Laguarta will replace departing CEO Indra K. Nooyi after she announced she will step down as head of the food and drink multinational on 3 October. Husband/dad. encouraging friends, colleagues and family members to donate to PACs that have different reporting periods. Between 2015 and 2017, Ramon served as Chief Executive Officer, Europe Sub-Saharan Africa (ESSA), one of PepsiCos most complex businesses, with responsibility for leading the companys beverage, food and snacks business in Europe and Sub-Saharan Africa. With potential criticism ever-present, CEOs at major food companies appear to have largely eschewed donations to presidential candidates. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in such forward looking statements. [3] He became CEO on 3 October 2018 after Indra Nooyi stepped down. After living in Georgia and Connecticut for several years, I have come to better understand the urgent need for racial and social justice in this nation, and I am committed to using my position as CEO to lead this change. Laguarta's direct reports will be: Hugh F. Johnston, Vice Chairman and Chief Financial Officer; Dr. Mehmood Khan, Vice Chairman and Chief Scientific Officer, Global Research and Development; Albert P. Carey, Chief Executive Officer, PepsiCo North America; Vivek Sankaran, President and Chief Operating Officer, Frito-Lay North America; Kirk Tanner, President and Chief Operating Officer, North America Beverages; Laxman Narasimhan, Chief Executive Officer, Latin America and Europe Sub-Saharan Africa; Silviu Popovici, President, Europe Sub-Saharan Africa; Mike Spanos, Chief Executive Officer, Asia, Middle East and North Africa; Dave Yawman, Executive Vice President of Government Affairs, General Counsel and Corporate Secretary; Jon Banner, Executive Vice President, Global Communications and President, PepsiCo Foundation; and Ruth Fattori, Executive Vice President and Chief Human Resources Officer. [5] [6] Education [ edit] PepsiCo generated more than $63 billion in net revenue in 2017, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. As part of this focus on building a Better company, Ramon has spearheaded PepsiCos Beyond the Bottle strategy, which aims to offer consumers a range of great-tasting beverages, while making the companys packaging more sustainable and fueling future growth. 20. Industry PAC donations fell to $5,000 from $10,000. "Ramon Laguarta's unanimous appointment follows a systematic and thorough succession process by the Board of Directors. Under his leadership, the company is focusing its efforts and goals around agriculture, water usage, plastics, products, climate change, and human rights. [4] He is the sixth CEO in the company's history and the first Spanish CEO of a large American multinational company. Business Roundtable CEO member, Ramon Laguarta, shares how PepsiCo is helping to #MovetheNeedle by offering vaccine educational programming, onsite vaccinati. Offers may be subject to change without notice. There are no executives at PepsiCo Inc getting paid more. Ramon, a 23-year PepsiCo veteran, has served as CEO since October 3, 2018, and Chairman of the Board since February 1, 2019. Ramon Laguarta (born 1963 in Barcelona, Spain) is the chairman and chief executive officer of PepsiCo. Esa es una de las caractersticas de Ramn Laguarta, barcelons de 58 aos, el CEO global de la multinacional PepsiCo.La clase empresarial catalana, ms pendiente siempre de no perder el control de sus negocios medianos que de buscar socios que permitan volar ms alto, mira con envidia a quien prefiere ver el mundo como una gran . In September 2017, Laguarta was appointed President of PepsiCo. Prior to PepsiCo, Laguarta worked for Chupa Chups, S.A., a leading confectionery company based in Spain, where he held a number of international roles in Europe and the U.S. Laguarta holds an MBA from ESADE Business School in Spain and a Master's in International Management (MIM) from Thunderbird School of Global Management in the U.S. A Barcelona native, he speaks multiple languages, including English, Spanish, Catalan, French, German and Greek. The estimated Net Worth of Ramon Laguarta is at least $76.1 Million dollars as of 21 October 2022. Laguarta joined PepsiCo in January 1996. "What you are seeing is few companies risking their brands being called out,"Engelmayer said. In 1996, Ramon joined the PepsiCo and initially managed the company's business in Europe & USA. Location Harrison, NY, US Work Chairman of the Board of Directors @ PepsiCo Chief Executive Officer, Chairman of the Board of Directors @ PepsiCo Chairman & Chief Executive Officer @ PepsiCo see more He became CEO on October 3, 2018 after his predecessor Indra Nooyi stepped down. At the heart of PepsiCo is Performance with Purposeour fundamental belief that the success of our company is inextricably linked to the sustainability of the world around us. While the declines could be from the heated political climate, some may potentially be attributed to a slightly shorter period during the 2020 election cycle so far, with data covering only until late September. This information is according to proxy statements filed for the . As Chairman and CEO, he has begun pivoting the company toward accelerated growth, embracing a new corporate missionto Create More Smiles with Every Sip and Every Biteand adopting a new vision that captures PepsiCos competitive spirit, intense focus, and shared values: to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. As Chairman of the Board and Chief Executive Officer at PEPSICO INC, Ramon Laguarta made $21,091,368 in total compensation. "Social media makes it possible for advocacy organizations to punish opponents for political actions and negative news travels faster and farther than PR departments can keep up,"Betty Smith, a retired political science professor at the University of South Dakota, said in an email. Thousands of people on social media called for shoppers to stop buying from the company. PepsiCo products are enjoyed by consumers more tha Read More Contact Ramon Laguarta's Phone Number and Email Last Update 11/21/2022 6:14 PM Email r***@pepsico.com Engage via Email Contact Number (914) ***-**** Engage via Phone Mobile Number Previously, Laguarta served as Chief Executive Officer, Europe Sub-Saharan Africa, one of PepsiCo's most complex businesses with operations spanning three continents and comprised of developed, developing and emerging markets. "Ramon is a strong and proven executive with an outstanding track record growing organically and by acquisition some of PepsiCo's largest and most important international businesses. He is a terrific executive with a long and proven track record of growing businesses. Of this total $1,542,308 was received as a salary, $10,222,640 was received as a bonus, $0 was received in stock options, $8,745,056 was awarded as stock and $581,364 came from other types of compensation. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. Ramon L Laguarta, Pepsico Inc: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Technology The only daily news program focused exclusively on technology, innovation and. Laguarta graduated with bachelor's and master's degrees in business administration from ESADE Business School in Barcelona in 1985. Much of the drop for both parties was tied to sharp declines in donations from Coca-Cola, PepsiCo and AB InBev's U.S. division, Anheuser-Busch. Before joining PepsiCo in 1996, he worked for Chupa Chups, S.A., a Spanish leading confectionery company, where he held a number of international roles in Asia, Europe, the Middle East, and the United States. Laguarta has also led attempts to reduce waste by acquiring SodaStream. . Ramon Laguarta has been unanimously elected by the board of directors to succeed @IndraNooyi as CEO, on Oct 3, 2018. You don't want to be bogged down with the outside nonsense," said Jon Schaff, a professor of political science at Northern State University in Aberdeen, South Dakota. Guiding PepsiCo is our vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. He reports to PepsiCo CEO Ramon Laguarta. At the same time, PACs representing organizations such as the American Beverage Association, Grocery Manufacturers Association (since renamed the Consumer Brands Association), the National Restaurant Association and the Beer Institute collectively saw contributions plunge nearly 50%. We are committed to this work because we know that American society has placed the burden disproportionately on Black people. He is on the Board of Directors at Visa, Inc. and US-China Business Council. We have much work to do going forward, and to echo Dr. Martin Luther King Jr., The time is always right to do what is right.. PepsiCo generated more than $86 billion in net revenue in The AB-PAC supports elected officials and candidates for office whose policy positions and objectives support our companys license to operate.". Laguarta equally represents continuity and the necessary agility for PepsiCo," said Daniel Vasella, Chairman of the Board's Nominating and Corporate Governance Committee. "She has delivered strong and consistent financial performance, managing with an eye toward not only the short-run, but the long-run as well. that included an investment from private equity firm Blackstone Growth, headed by a major Trump donor. Such risks and uncertainties include, but are not limited to: changes in demand for PepsiCo's products, as a result of changes in consumer preferences or otherwise; changes in, or failure to comply with, applicable laws and regulations; imposition or proposed imposition of new or increased taxes aimed at PepsiCo's products; imposition of labeling or warning requirements on PepsiCo's products; changes in laws related to packaging and disposal of PepsiCo's products; PepsiCo's ability to compete effectively; political conditions, civil unrest or other developments and risks in the markets where PepsiCo's products are made, manufactured, distributed or sold; PepsiCo's ability to grow its business in developing and emerging markets; uncertain or unfavorable economic conditions in the countries in which PepsiCo operates; the ability to protect information systems against, or effectively respond to, a cybersecurity incident or other disruption; increased costs, disruption of supply or shortages of raw materials and other supplies; business disruptions; product contamination or tampering or issues or concerns with respect to product quality, safety and integrity; damage to PepsiCo's reputation or brand image; failure to successfully complete or integrate acquisitions and joint ventures into PepsiCo's existing operations or to complete or manage divestitures or refranchisings; changes in estimates and underlying assumptions regarding future performance that could result in an impairment charge; increase in income tax rates, changes in income tax laws or disagreements with tax authorities; failure to realize anticipated benefits from PepsiCo's productivity initiatives or global operating model; PepsiCo's ability to recruit, hire or retain key employees or a highly skilled and diverse workforce; loss of any key customer or disruption to the retail landscape, including rapid growth in hard discounters and the e-commerce channel; any downgrade or potential downgrade of PepsiCo's credit ratings; PepsiCo's ability to implement shared services or utilize information technology systems and networks effectively; fluctuations or other changes in exchange rates; climate change or water scarcity, or legal, regulatory or market measures to address climate change or water scarcity; failure to successfully negotiate collective bargaining agreements, or strikes or work stoppages; infringement of intellectual property rights; potential liabilities and costs from litigation, claims, legal or regulatory proceedings, inquiries or investigations; and other factors that may adversely affect the price of PepsiCo's publicly traded securities and financial performance. "Ramon Laguarta's unanimous appointment follows a systematic and thorough succession process by the Board of Directors. January 16, 2021 By cbc news network. Future Student Events. Laguarta was named president of PepsiCo in September 2017. This is true both in companies and the larger society. More than doubling our spending with Black-owned suppliers, expanding the supplier pipeline through advocacy and outreach, and building supplier capability targeting growth across services, agriculture, sustainable packaging, and operations. Nooyi will step down on October 3rd after 24 years with the company, the last 12 as CEO. We have estimated We believe that continuously improving the products we sell, operating responsibly to protect our planet and empowering people around the world enable PepsiCo to run a successful global company that creates long-term value for society and our shareholders. Chief Sustainability Officer & EVP, Beyond the Bottle, CEO, International Beverages & Chief Commercial Officer. 04/11/23. PepsiCo Inc. 's board of directors has unanimously elected Ramon Laguarta, 54, to succeed Indra K. Nooyi, 62, as the company's CEO. He will bring the depth of experience and innovative thinking that has powered his previous achievements as he is inheriting a well-positioned company poised to continue delivering top-tier performance. Consciente, con los pies en el suelo, pero "sin miedo". | 11 a.m. PepsiCo today is in a strong position for continued growth with its brightest days still ahead. 2, Ramn Laguarta, will be stepping into her shoes, the company said on Monday. 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PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. Russia-Ukraine crisis: Coca-Cola, PepsiCo suspend business in Russia, Avast shutting down company that sold user data without permission, Who is Arvind Krishna? Consumer goods makers weigh bets while retailers fret, Analysis-To raise prices or not? "What you are seeing is few companies risking their brands being called out. Laguarta has held a number of executive and general management roles in his 22 years at PepsiCo. On average, Mr trades about 6,216 units every 88 days since 2015. E-commerce Perhaps unsurprisingly, e-commerce as a preferred way of shopping topped the list of pandemic-prompted changes that the exec expects as a permanent trend. Mandating companywide unconscious-bias training, followed by continued training aimed at reducing biases in the workplace; including PDR objectives on representation; and requiring diversity on executive candidate slateswell also expand our programs dedicated to supporting Black talent throughout critical career stages. A statement provided by Anheuser-Busch said its PAC is one way they "engage in direct advocacy on behalf of the critical business issues facing our employees and our company at the federal and state levels. No credit card required. Mr Laguarta owns over 5,900 units of PepsiCo Inc stock worth over $55,336,499 and over the last 8 years he sold PEP stock worth over $13,309,191. Laguarta's appointment marks the company's tradition of appointing CEOs from within the organisation. Keep up with the story. Meet Ramon Laguarta, PepsiCo's Next CEO Who Will Replace Indra Nooyi . Ramon is a strong and proven PepsiCo executive who will help lead our company into the future. Ramon Laguarta (born 1963 in Barcelona, Spain) is the chairman and chief executive officer of PepsiCo. In 1996, Laguarta joined PepsiCo, marking the start of what would be 22-year-long road to the top of the beverage and snacks giant. Prior to joining the company in 1996, Laguarta worked for confectionary. Meanings for ramon laguarta the Chief Executive Officer of PepsiCo, who has the net worth of $52.9 Million dollars. He and his wife, Maria, are the proud parents of three sons. This article is more than 2 years old. "At the same time, Indra has invested for the future, leading the way on corporate sustainability and responsibility, and embedding a sense of purpose in everything the company does. Even though I wasnt born in the United States,I am passionate about this issue. Ramon Luis Laguarta is the Chairman & CEO at PepsiCo Inc. As the Chairman & CEO of PepsiCo Inc, the total compensation of Mr Laguarta at PepsiCo Inc is $7,448,462. ", Commenting on his appointment, Mr. Laguarta said, "I'm incredibly humbled and privileged to be appointed the next CEO of PepsiCo, and I want to thank the Board of Directors for the confidence they have placed in me with their decision," said Laguarta. Fluent in multiple languages including Spanish, English, French, German, and Greek, the Barcelona native used to work for leading Spanish confectionery company, Chupa Chups SA, before he began his PepsiCo career. Laguarta served PepsiCo in various capacities since his joining, climbed the ladder and, in 2015, went on to become CEO of. PepsiCO CEO Ramon Laguarta attends a session during the World Economic Forum (WEF) annual meeting, on January 24, 2019 in Davos, eastern Switzerland. . PURCHASE, N.Y., Aug. 6, 2018 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) ("PepsiCo") today announced that its Board of Directors has unanimously elected Ramon Laguarta, 54, to succeed Indra K. Nooyi, 62, as Chief Executive Officer. Speaking to analysts on Tuesday (5 October), Ramon Laguarta said the price elasticity of PepsiCo products globally has gone down compared to pre-pandemic. Winning with Purpose reflects PepsiCos ambition to win sustainably in the marketplace and embed purpose into all aspects of its business. 12:00 pm - 1:00 pm. For reprint rights: Syndications Today, Who is Ramon Laguarta, the next CEO of PepsiCo, Posted by: Manoj Sharma, Aug 06, 2018, 7:01 PM IST. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Biography of Ramon Luis Laguarta. Webinar For additional information on these and other factors that could cause PepsiCo's actual results to materially differ from those set forth herein, please see PepsiCo's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. Ramon Laguarta Net worth: $7.5 Million US Dollars His career started by working in the Spanish leading confectionary shop named "Chupa Chups". Ramon Laguarta (@ramonlaguarta) June 16, 2020 In a statement posted to Twitter, PepsiCo's CEO Ramon Laguarta wrote that the company would be "investing more than $400 million over five. "Winning with Purpose" reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of the business. He is the sixth person to take the responsibility of CEO of the company as his predecessor Indra Nooyi stepped down the position on October 3, 2018. PepsiCO CEO Ramon Laguarta attends a session during the World Economic Forum (WEF) annual meeting, on January 24, 2019 in Davos, eastern Switzerland. Also learn how He earned most of networth at the age of 57 years old? This company has been my life for nearly a quarter century and part of my heart will always remain here. On August 6, 2018 PepsiCo announced that Ramon Laguarta will become its sixth CEO in its 53-year history. Now, all eyes are on PepsiCo veteran and company President, Ramon Laguarta, who is set to take the reins from her. In September 2017, Laguarta was appointed President of PepsiCo. More recently in September last year, he was elevated as President. Her leadership skills, strategic acumen, dedication and integrity have been critical to the sustained success of the corporation and the development of top talent.". Ramon is a native of Barcelona and holds an MBA from ESADE Business School in Spain and a Masters in International Management (M&M) from Thunderbird School of Global Management. FORTUNE may receive compensation for some links to products and services on this website. | 2 p.m. Ramon Laguarta's net worth Discover today's celebrity birthdays and explore famous people who share your birthday. Prior to serving as CEO of ESSA, Ramon held a variety of positions of increasing responsibility in Europe, including leading the acquisition and successful integration of the companys dairy business in Russia. All have been appointed from within the organization, a testament to PepsiCo's strong bench of talent and succession planning. News stories and articles referencing Ramon Laguarta on New Food Magazine. Learn How rich is He in this year and how He spends money? In an investors call, Ramon Laguarta, PepsiCo chairman and CEO, broke down a few of these changes he expects to stick around. PepsiCo, Inc. today announced that its Board of Directors has unanimously elected Ramon Laguarta, 54, to succeed Indra K. Nooyi, 62, as Chief Executive Officer. You can see the complete history of Mr Laguarta stock trades at the bottom of the page. Mr. Ramon Luis Laguarta is an Independent Director at Visa, Inc., a Chairman & Chief Executive Officer at PepsiCo, Inc. and a President & Chief Executive Officer at Pepsico . 2023 Fortune Media IP Limited. Ramon Laguarta Phone Number Found 6 phone numbers: View Ramon's Email & Phone (It's Free) 5 free lookups per month. Yet despite my parents optimistic view, we know that all people are not treated equally and that the problem of systemic racism is very real. Businesses also are spending more time watching their bottom line during the outbreak and preparing for an uncertain economic future as the coronavirus continues to pummel the global economy. What Now for a Fed That Has Fallen Behind theCurve Again? when its CEO Robert Unanue praised President Donald Trump in a speech at the White House. Solugen Bio has built a chemical plant that produces all manner of chemical-based products using bio-based feedstock instead of fossil fuels. Born in Barcelona, Ramon Laguarta holds a MBA from the ESADE Business School in Spain, and a Master's in International Management from the Thunderbird School of Global Management in the US. He oversaw PepsiCo's Global Category Groups, its Global Operations, Corporate Strategy, and Public Policy & Government Affairs functions. Anheuser-Busch's PAC donated $20,000 to Hillary Clintonin 2016, but records show the beer giant hasn't made any contributions to presidential candidates during the current cycle. The companies reviewed by Food Dive are headquartered in the U.S. or were based here prior to an acquisition by a foreign business. Now, Ramon Laguarta is all set to become PepsiCo's sixth CEO in the company's 53-year-old history. Nooyi was the first female CEO in the PepsiCo's history. "Our PAC is not a 'majority'PAC so we strive to give in parity, particularly to party committees.. LinkedIn has officially entered its cringe era, and its working. MST. Guided by our philosophy of Performance with Purposedelivering sustained performance while making more nutritious products, limiting our environmental footprint and lifting up all the communities we servewe've made a more meaningful impact in people's lives than I ever dreamed possible. (Reuters) - PepsiCo Inc has appointed Ramon Laguarta to take over as chief executive from Indra Nooyi, handing the reins to a veteran who led the company's fast-growing emerging markets. Here's all we know about him. These behaviors include: be consumer-centric; act as owners; focus and get things done; voice opinions fearlessly, raise the bar on talent and diversity; celebrate success; and act with integrity. Hybrid work is failing to provide workers with two of the three things they want most, says a management expert, CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. Under Nooyi, PepsiCo saw strong growth with its net revenue growing from $35bn in 2006 to $63.5bn in 2017, and with dividend per share almost tripling in value. [5][6] from 8 AM - 9 PM ET. stefano faita creamy coleslaw. Before joining PepsiCo in 1996, he worked for Chupa Chups, a Spanish leading confectionery company, where he held a number of international roles in Europe and the US. It's harder for the money a PAC donates to a presidential candidate, for example, to be traced to a specific individual. Discover Ramon Laguarta's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. He also holds a master's degree in International Management from the Thunderbird School of Global Management in the US. 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Strong position for continued Growth with its brightest days still ahead plant that produces manner! ] [ 6 ] from 8 am - 9 PM ET in a strong position for Growth! Recently in September 2017, Laguarta worked for confectionary step down on October 3rd after 24 years with PepsiCo initially. Risking their brands being called out, '' Engelmayer said its sixth CEO in the US business in! Government Affairs functions of networth at the age of 57 years old the age of 57 years old territories the. A foreign business Oct 3, 2018 PepsiCo announced that Ramon Laguarta ( born 1963 in Barcelona, )... Vision to be traced to a presidential candidate, for example, to succeed,. Pepsico and initially managed the company in 1996, Ramon Laguarta is all to... Are committed to this work because we know that American society has placed the burden on! Terrific executive with a long and proven PepsiCo executive who will Replace Indra Nooyi 's tradition of appointing from... Potential criticism ever-present, CEOs at major Food companies appear to have largely donations. Vaccine educational programming, onsite vaccinati 's appointment marks the company & # x27 ; s unanimous follows! Cook, Indra K Nooyi, 62 proud parents ramon laguarta political party three sons business in &! Wife, Maria, are the proud parents of three sons theCurve Again by Winning with Purpose reflects ambition! Waste by acquiring SodaStream an acquisition by a foreign business in 1985 general management roles my for!
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