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. Thank you to everyone who has voiced their opinion fearlessly to advance this important conversation. Two months later,Oatly came under fire from activists and consumers threatened boycotts after the company signed a $200 million deal in Julythat included an investment from private equity firm Blackstone Growth, headed by a major Trump donor. Under Nooyi, PepsiCo saw strong growth with its net revenue growing from $35bn in 2006 to. PepsiCo's best days are still ahead of it.". 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 Laguarta - Chief Executive Officer, Europe and sub-Saharan Africa - PepsiCo Inc. World Economic Forum Annual Meeting 2019. subject named as. 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. She will remain Chairman until early 2019 to ensure a smooth and seamless transition. All have been appointed from within the organization, a testament to PepsiCo's strong bench of talent and succession planning. Here's all we know about him. Ramon Laguarta (born 1963 [2]) is a Spanish businessman who is the chairman and chief executive officer of PepsiCo. We know that the first step toward change is to speak up, so I want to be very clear: Black Lives Matter, to our company and to me. All rights reserved. Nooyi, 62, will step down on October 3 after 24 years with the company. This article is more than 2 years old. when its CEO Robert Unanue praised President Donald Trump in a speech at the White House. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in such forward looking statements. 20. Investing $50 million over five years to strengthen local Black-owned businesses. 06 Oct, 2021, 09.21 AM IST. Popularly known as the Businessperson of Spain. Aug 06, 2018. He and his wife, Maria, are the proud parents of three sons. In that role, he successfully transformed ESSAs beverage portfolio, developed the companys juice business, and advanced the companys sustainability mission. https://t.co/gq2LwrwI0Q pic.twitter.com/39lxlswiTg, "Ramon Laguarta is exactly the right person to build on our success. 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. Ramon Laguarta Email Chairman of the Board of Directors @ PepsiCo View Ramon's Email (It's Free) 5 free lookups per month. He is on the Board of Directors at Visa, Inc. and US-China Business Council. 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. No credit card required. The estimated Net Worth of Ramon Laguarta is at least $76.1 Million dollars as of 21 October 2022. His first role was in the companys European business, and in 2014 became the CEO of the entire Europe and Sub-Saharan Africa (ESSA) sector. He also holds a master's degree in International Management from the Thunderbird School of Global Management in the US. And shareholders have benefited: $1,000 invested in PepsiCo in 2006 is worth more than two-and-a-half times that amount today. Ramon Laguarta's net worth 1. Laguarta will become the sixth CEO in PepsiCo's 53-year history. PepsiCo PEP +1.6% released its 2019 sustainability report, Helping to Build a More Sustainable Food System, just last week, amidst global intensification of . PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. Since 2017 he has been global president of PepsiCo, overseeing operations, strategy, public policy and government affairs. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Now, Ramon Laguarta is all set to become PepsiCo's sixth CEO in the company's 53-year-old history. Terminology such as "aim," "anticipate," "believe," "drive," "estimate," "expect," "expressed confidence," "forecast," "future," "goal," "guidance," "intend," "may," "objective," "outlook," "plan," "position," "potential," "project," "seek," "should," "strategy," "target," "will" or similar statements or variations of such words and other similar expressions are intended to identify forward-looking statements, although not all forward looking statements contain such terms. In addition, he makes $7,448,462 as Chairman & CEO at PepsiCo Inc. Mr has made over 13 trades of the PepsiCo Inc stock since 2015, according to the Form 4 filled with the SEC. Keep up with the story. | 11 a.m. Business Roundtable CEO member, Ramon Laguarta, shares how PepsiCo is helping to #MovetheNeedle by offering vaccine educational programming, onsite vaccinati. The 54-year-old Laguarta, who's going to be the sixth CEO in PepsiCo's 53-year history, will officially take over from Nooyi on October 3. On average, PepsiCo Inc executives and independent directors trade stock every 28 days with the average trade being worth of $9,279,404. Not the Ramon Laguarta you were looking for? Laguarta's appointment marks the company's tradition of appointing CEOs from within the organisation. Political groups representing the United States' largest food and beverage companies are donating far less money during the current election cycle to Republican and Democrats, while also curtailing how much they give to industry trade organizations that lobby on their behalf, according to data compiled by the Center for Responsive Politics. Webinar I met with several different groups of Black community leaders, as well as MOSAIC, our Black employee resource group. With potential criticism ever-present, CEOs at major food companies appear to have largely eschewed donations to presidential candidates. Statements in this communication that are "forward-looking statements" are based on currently available information, operating plans and projections about future events and trends. Who is Laxman Narasimhan, the new Starbucks CEO? The AB-PAC supports elected officials and candidates for office whose policy positions and objectives support our companys license to operate.". Since September 2017, Laguarta has served as President of PepsiCo, overseeing global operations, corporate strategy, public policy and government affairs. According to our Database, He has no children. Growing up in Spain, my parents raised me to believe that all people are equal, that diversity is a reflection of our common humanity. A letter I received recently from a longtime PepsiCo associate expressed some of the pain many of our colleagues feel. On average, Mr trades about 6,216 units every 88 days since 2015. 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. 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. Nooyi will step down on Oct. 3 after 24 years with the company, the last 12 as . The whole atmosphere has caused people to go underground and not be seen.". We have estimated We are committed to this work because we know that American society has placed the burden disproportionately on Black people. Thousands of people on social media called for shoppers to stop buying from the company. Fabrice CoffriniAFP via Getty Images Laguarta equally represents continuity and the necessary agility for PepsiCo," said Daniel Vasella, Chairman of the Board's Nominating and Corporate Governance Committee. He reports to PepsiCo CEO Ramon Laguarta. If individuals oppose a company's stance on an issue, a donation it has made or its association with a specific politician, these platforms can be used to encourage shoppers to boycott their products or simply bring bad press. "The more a corporation can distance itself from its donations, the safer they are in the current divisive atmosphere.". 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. These initiatives make up a holistic effort for PepsiCo to walk the talk of a leading corporation and help address the need for systemic change. Overall, trade group-related PACs received $64,500 compared to $124,000 four years ago. 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. Winning with Purpose reflects PepsiCos ambition to win sustainably in the marketplace and embed purpose into all aspects of its business. Every Pepsi CEO has . 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. Discover Ramon Laguarta's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Terms & Conditions. More recently in September last year, he was elevated as President. 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 Under Nooyi's leadership, PepsiCo has delivered strong results: "Leading PepsiCo has truly been the honor of my lifetime, and I'm incredibly proud of all we have done over the past 12 years to advance the interests not only of shareholders, but all our stakeholders in the communities we serve," said Nooyi. Russia-Ukraine crisis: Coca-Cola, PepsiCo suspend business in Russia, Avast shutting down company that sold user data without permission, Who is Arvind Krishna? In this role, he was responsible for shaping the companys corporate strategy, working closely with business units to deliver top-line growth, driving productivity to enable this growth, and investing in new areas of disruptive innovation. Pepsico CEO Ramon Laguarta joins 'Closing Bell' to talk about the brands resiliency despite tightened economic conditions, beverage brands benefiting from consumers spending more time at home. The most recent stock trade was executed by Paula Santilli on 26 October 2022, trading 2,787 units of PEP stock currently worth $500,629. [4] He is the sixth CEO in the company's history and the first Spanish CEO of a large American multinational company. We don't have much information about He's past relationship and any previous engaged. ", 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. January 23, 2023. that included an investment from private equity firm Blackstone Growth, headed by a major Trump donor. 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. Linked companies : Visa Inc. - PepsiCo, Inc. Nooyi will step down on October 3rd after 24 years with the company, the last 12 as CEO. Injustice and inequality are problems for us all, and we all must do our part to defeat them. Thousands of people on social media called for shoppers to stop buying from the company. As part of making PepsiCo a better company, Laguarta has been tasked with implementing a new purpose behind PepsiCos sustainability agenda: helping to build a more sustainable food system. 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. 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. FORTUNE may receive compensation for some links to products and services on this website. Ramon Laguarta is the Chief Executive Officer of PepsiCo. While there are areas in which we have made progress in the fight against systemic racism and inequalityincludingpay equityand the diversity of our frontline workforcewe know we cannot keep pointing to what we did decades ago. Reports say October 3 would be her last working day. Aryna Sabalenka faces maiden defeat in 2023: Decoding her stats, BS6 Phase 2 in India: RDE, OBD 2 norms explained, Sensex slips 141 points, Nifty ends below 17,500 mark, SC junks menstrual leave PIL, says could discourage women's hiring. He officially took over the role on October 3, 2018 and became Chairman of the Board of Directors on February 1, 2019. Ramon Laguarta is the Chairman of the Board of Directors and Chief Executive Officer of PepsiCo. 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. Consumer goods makers weigh bets while retailers fret, Analysis-To raise prices or not? It also doesn't create waste and may help fight the climate crisis. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. Laguarta has also led attempts to reduce waste by acquiring SodaStream. "Thanks to her leadership, PepsiCo is well positioned for ongoing success as Ramon assumes this new role. Ramon has been a critical partner in running the company, and I'm confident he will take PepsiCo to new and greater heights in the years to come.". See the CEO of Pepsi. This includes the companys effort to reduce absolute greenhouse gas emissions by at least 20 percent for their entire value chain over a 2015 baseline (roughly 30-35 million metric tons of GHG), as well as their goals by 2025 to make 100% of their packaging recyclable, compostable, or biodegradable and use 25% recycled plastic content in all plastic packaging. This strategy includes Drinkfinity, Aquafina Water Stations, Pepsi Spire, and the recent acquisition of SodaStream, the world's leader in at-home sparkling beverage preparation. Ramon Laguartas income source is mostly from being a successful . But the recent protests in all 50 states and around the world have called on us to honestly assess our efforts. We will update Ramon Laguarta's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world, and in 2018 the company generated more than $64 billion in net revenue, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. This theme is based on the emerging concept. It takes less than ten minutes to set up your company page. Formado en ESADE y en la Universidad Estatal de Arizona, inici su carrera profesional en Chupa Chups de Barcelona y, posteriormente, fue presidente de PepsiCo en Europa del Este y director ejecutivo en Europa y frica Subsahariana hasta que en 2018 fue nombrado CEO de . stated in. 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. Find contact details for 700 million professionals. We consider it our duty, and our responsibility, to make our views clear to those who have the potential to impact the laws, regulations and policies that can influence our global business," the company said. In this capacity he oversaw PepsiCo's Global Category Groups; its Global Operations, Corporate Strategy, and Public Policy & Government Affairs functions; and the PepsiCo Foundation. 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. [3] He became CEO on 3 October 2018 after Indra Nooyi stepped down. I came away from themmore conscious of the insidious nature of systemic racism andeven more committed to using PepsiCos resources for good. Industry PAC donations fell to $5,000 from $10,000. When it comes topeople, we are focusing on increasing representation; recruitment; and education, internships and apprenticeships. "Our PAC is not a 'majority'PAC so we strive to give in parity, particularly to party committees.. PepsiCo Inc.'s board of directors has unanimously elected the company's CEO, Ramon Laguarta, as its chairman, succeeding Indra K. Nooyi who revealed in August 2018 that she would step down as PepsiCo CEO effective Oct. 3, 2018, but would remain chairman until early 2019 to ensure a smooth transition. He is from Spain. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Consumer goods makers weigh bets on buyer strength, PepsiCo Fourth-Quarter Results Beat Street Views; Guides for Higher Fiscal 2023 Earnings, Transcript : PepsiCo, Inc., Q4 2022 Earnings Call, Feb 09, 2023, PepsiCo Receives Price Target Boost to $170 From $165 From RBC After Q3 EPS Beat, 2022 Guidance Boost; Sector Perform Kept. We recommend you to check the complete list of Famous People born on . Several companies bought big into the once-promising segment, but the governmentsdecision not to permit the ingredient in food and beverages has left producers unwilling to invest further. 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. Little-known facts about IBM's new CEO, A look at minutes from ICC's meeting on October 14, Five famous and successful alumni of IIM-Calcutta to know about, Indra Nooyi, former PepsiCo CEO, could head World Bank, Trump hosts Nooyi, Banga among top corporate leaders for dinner, US: Drug turning people into zombies? Investing $5 million to launch a Community Leader Fellowship program for Black nonprofit CEOs. after Executive Chairman Howard Lorber held a fundraiser for the president. Ramon Laguarta Net Worth & Basic source of earning is being a successful Spanish Businessperson. All Rights Reserved. Prior to joining the company in 1996, Laguarta worked for confectionary. A review of contributions by 10 of the largest food and beverage companies by revenue to congressional lawmakers and political action committees, or PACs groups organized to raise and spend money to elect and defeat candidates showed through Sept.21 that donations to Democrats fell 30% to $828,300 while those collected by Republicans declined 52% to $876,700 compared to the 2016 election cycle. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. , money, salary, income, and assets. Ramon Laguarta has been the Chief Executive Officer of PepsiCo since October 2017. Subscribe to the Food Dive free daily newsletter, Subscribe to Food Dive for top news, trends & analysis, The free newsletter covering the top industry headlines, Total amount of money given by 10 of the largest food and beverage companies to Democratic and Republican PACs and candidates, along with industry trade group PACs, Money given by 10 of the largest food and beverage companies to Democratic and Republican PACs and candidates, as well as industry trade group PACs in 2016 and 2020, SimplyV Launches Plant-Based Cream Cheese in the U.S. in Foodservice and Grocery Retail, The Bornk Tuna Sandwich is Back at Erbert & Gerbert's, Pregis Performance Flexibles Facilities Are ISCC PLUS Certified, METER Group Food Scientists to Present New Research on Powdered Foods, By signing up to receive our newsletter, you agree to our. PepsiCo generated more than $86 billion in net revenue in He oversaw PepsiCo's Global Category Groups, its Global Operations, Corporate Strategy, and Public Policy & Government Affairs functions. Ramon Laguarta, born in Barcelona, Spain is the Chairman and CEO (Chief Executive Officer) of PepsiCo. 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. To help achieve these aims, Ramon is positioning the company to become Faster, Stronger, and Better: Faster by being more consumer-centric and investing to accelerate topline growth and winning in the marketplace; Stronger by transforming its capabilities and culture; and Better by continuing to integrate Purpose into its business strategy. The estimated Net Worth of Ramon Laguarta is at least $76.2 Milion dollars as of 21 October 2022. Ramon's mailing address filed with the SEC is C/O VISA INC., PO BOX 8999, SAN FRANCISCO, CA, 94128-8999. January 16, 2021 By cbc news network. Ramon Laguarta, presidente y consejero delegado de PepsiCo, en Bilbao FERNANDO DOMINGO-ALDAMA "Uno de nuestros gasoles" en el mundo de la empresa.Con estas palabras fue presentado este jueves . PepsiCo Inc. 's board of directors has unanimously elected Ramon Laguarta, 54, to succeed Indra K. Nooyi, 62, as the company's CEO. 1 reference. Later, he was appointed as the CEO of the company in Europe. At 59 years old, Ramon Laguarta height not available right now. object stated in reference as. encouraging friends, colleagues and family members to donate to PACs that have different reporting periods. That means dramatically rethinking our approach to talent, starting by: When it comes tobusiness, we will leverage our scale and influence across our suppliers, marketing agency partners, and customer base to increase representation and strengthen Black-owned businesses. Laguarta was unanimously voted in as PepsiCos next CEO on August 6, 2018, the same day Indra Nooyi announced she was stepping down. Davos 2019 Participant List. Ramon Laguarta Phone Number Found 6 phone numbers: View Ramon's Email & Phone (It's Free) 5 free lookups per month. "The whole atmosphere has caused people to go underground and not be seen. The parent company of Pepsi, Frito-Lay . Ramon Laguarta Chairman and Chief Executive Officer Ramon Laguarta is the Chairman of the Board of Directors and Chief Executive Officer of PepsiCo. Company insider Ramon Laguarta will become the next CEO of the beverage and snack giant come October. He is seen as one of the most successful Businessperson of all times. He is a member of famous with the age 59 years old group. Mr. Laguarta previously served as president from 2017 to 2018. VP & CFO. This is true both in companies and the larger society. ramon laguarta political party. "At @PepsiCo we're deeply concerned about plastic waste accumulating in our environment and we're committed to helping tackle this challenge. Earlier this summer,Goya was called outwhen its CEO Robert Unanue praised President Donald Trump in a speech at the White House. The 54-year-old Laguarta, who's going to be the sixth CEO in PepsiCo's 53-year history, will officially take over from Nooyi on October 3. 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. Ramon Laguarta. ", Get the free daily newsletter read by industry experts. Laguarta equally represents continuity and the necessary agility for PepsiCo," said Daniel Vasella, Chairman of the Board's Nominating and Corporate Governance Committee. Juda Engelmayer, president of HeraldPR who has clients in the food, entertainment and hospitality sectors, said companies that traditionally have given money to political candidates in the past have either not been doing it or are finding other ways to contribute,such as encouraging friends, colleagues and family members to donate to PACs that have different reporting periods. Laguarta has been working at PepsiCo for 24 years, his previous roles including CEO for Europe Sub-Saharan Africa, president for the PepsiCo Eastern Europe Region, commercial Vice President for PepsiCo Europe, general manager for Iberia Snacks and Juices and General Manager for Greece Snacks. "You want to continue being a big strong company making money for your shareholders, your employees and bring good products to the market. Since becoming CEO of PepsiCo, Laguarta established three priorities to lead the company: Accelerating the company's rate of organic revenue growth; becoming a stronger company; and becoming a better company. "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. Ramon Laguarta Chairman & CEO at PepsiCo Join to edit About Ramon Laguarta is the Chairman of the Board of Directors and Chief Executive Officer of PepsiCo. Mr. Laguarta previously served as President of PepsiCo since 2015 Officer ) of PepsiCo, global... Pacs received $ 64,500 compared to $ 5,000 from $ 10,000 2018 after Indra Nooyi stepped down employee resource.. Everything they need to know born 1963 [ 2 ] ) is a member of Famous with Age. 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