2023 Fortune Media IP Limited. He has a deep understanding of the changing preferences of consumers and other critical trends unfolding around the world, and he has demonstrated that he knows how to navigate them successfully. The oldest executive at PepsiCo Inc is Hugh F. Johnston, 59, who is the Vice Chairman, Exec. Supporting Black-owned restaurants as part of our Small Businesses Program, including mentoring, management training, and help obtaining financing. 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 companies reviewed by Food Dive are headquartered in the U.S. or were based here prior to an acquisition by a foreign business. PepsiCo generated more than $86 billion in net revenue in 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 an interview . Injustice and inequality are problems for us all, and we all must do our part to defeat them. Since September 2017, Laguarta has served as President of PepsiCo, overseeing global operations, corporate strategy, public policy and government affairs. Establishing scholarship support for students transitioning from two-year to four-year programs and scaling our existing efforts to support trade/certificateand academic two-year degreeseducation through community colleges for 400 Black students per yearthese funds will also provide wraparound support, including money for books, transportation, housing, and more. 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. / ramon laguarta political party. Thousands of people on social media called for shoppers to stop buying from the company. He received his graduate degree from Thunderbird School of Global Management and an MBA from Escuela Superior de Administracin y Direccin de Empresas. PepsiCo. 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. There are no executives at PepsiCo Inc getting paid more. 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. . Laguarta will become the sixth CEO in PepsiCo's 53-year history. He is the sixth CEO in the company's history, and the first Spanish CEO of a large American multinational company. Prior to that, he served as President, PepsiCo Eastern Europe region and served in a variety of sales, marketing and other commercial roles across Europe. Topics covered: manufacturing, packaging, new products, R&D, and much more. 2018. 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. 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. Investing $5 million to launch a Community Leader Fellowship program for Black nonprofit CEOs. 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. 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. Ramon Laguarta is the Chairman of the Board of Directors and Chief Executive Officer of PepsiCo. Ramon Laguarta was born on 1963 in Barcelona, Spain. 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. 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. As CEO, she grew revenue more than 80%, outperforming our peers and adding a new billion-dollar brand almost every other year. Not the Ramon Laguarta you were looking for? 04/11/23. Republicans received $71,000, down slightly from four years ago, while trade group money fell to zero in 2020 from $19,000. MST. Indra has been a visionary leader who transformed the corporation and led it to unprecedented success. 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. 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. PepsiCo Inc.'s board of directors has unanimously elected Ramon Laguarta, 54, to succeed Indra Nooyi, 62, as CEO. 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. The 62-year-old has in total spend about 24 years with the company. Chief Sustainability Officer & EVP, Beyond the Bottle, CEO, International Beverages & Chief Commercial Officer. Analysts suggest Laguarta's major challenge will be to drive the company's growth in nutritious product segment. What Now for a Fed That Has Fallen Behind theCurve Again? PepsiCo, Inc announced that the Board of Directors has unanimously elected Ramon Laguarta, 54, to succeed Nooyi, 62. All rights reserved. "Laguarta, who was unanimously elected by the board of directors, will take over from Nooyi on October 3," the company said in a statement. 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. Most recently he sold 5,900 units of PEP stock worth $1,021,231 on 21 October 2022. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail sales. "There are a lot of people more than you know that are very,very anxious about that.". Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, PepsiCo Announces Timing and Availability of First Quarter 2023 Financial Results, PEPSICO EXCEEDS YEAR ONE GOALS IN WORKFORCE READINESS INVESTMENT INITIATIVES FOR YOUTH ON SOUTH AND WEST SIDES, Total cash returned to shareholders through dividends and share repurchases of. He is a seasoned leader with deep experience in international markets, and the board is confident that he is the right person to usher in this next chapter of growth for PepsiCo. Ramon Laguarta Phone Number Found 6 phone numbers: View Ramon's Email & Phone (It's Free) 5 free lookups per month. VP & CFO. 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. "I also want to thank Indra for her overwhelming support. After prices more than doubled over the past year, producers are grappling with the impact of the virus while politicians and activists call for investigations into potential price gouging. He is seen as one of the most successful Businessperson of all times. 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. Ramon, a 23-year PepsiCo veteran, has served as CEO since October 3, 2018, and Chairman of the Board since February 1, 2019. 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. It also doesn't create waste and may help fight the climate crisis. Ramon Laguarta Chairman & Chief Executive Officer at PepsiCo Published Apr 22, 2021 + Follow The theme of this year's Earth Day is Restore Our Earth. I want to thank Indra for her overwhelming support. Powered and implemented by Interactive Data Managed Solutions. 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.. As a small PAC we contribute to the party committees in small amounts to allow them to support the candidates they believe need the most help,"Lynne Galia, a Kraft Heinz spokeswoman. When typing in this field, a list of search results will appear and be automatically updated as you type. In September 2017, Laguarta was appointed President of PepsiCo. 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. 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. Laguarta was named president of PepsiCo in September 2017. Ramon Laguarta, born in Barcelona, Spain is the Chairman and CEO (Chief Executive Officer) of PepsiCo. Mr. Laguarta previously served as president from 2017 to 2018. Cision Distribution 888-776-0942 The companies reviewed by Food Dive are headquartered in the U.S. or were based here prior to an acquisition by a foreign business. 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. Ramon's mailing address filed with the SEC is C/O VISA INC., PO BOX 8999, SAN FRANCISCO, CA, 94128-8999. Recommended [NEW EVENT] Food Genomics Summit 2023 - Register Now! With Nooyi's departure, the rest of PepsiCo's senior leadership team will remain unchanged. In that role, he successfully transformed ESSAs beverage portfolio, developed the companys juice business, and advanced the companys sustainability mission. For executives, this could be a more attractive way to donate money to a political cause or candidate because the money gets pooled together with other donations, political analysts said. CEO & Chairman of PepsiCo. While working in Europe, Laguarta helped lead the acquisition in 2010 of Russian dairy and juice company Wimm-Bill-Dann, a deal valued at $5.4 billion, the company's second largest acquisition after its purchase of Quaker Oats in 2001. 1. Who is Laxman Narasimhan, the new Starbucks CEO? Watch today's #SustainabilitySpotlight with PepsiCo Chairman & CEO Ramon Lag. Under Ramons leadership, the company is also adopting new leadership behaviors that are focused on driving high performance and building competitive advantage. Ramon Laguarta has a net worth of $5.00 million (Estimated) which he earned from his occupation as Businessperson. Laguarta was also elected to the company's Board of Directors, effective October 3rd. Williams oversees PepsiCobrands such as Doritos and Quaker Oats. She is being replaced by Ramon Laguarta who was also elected to the board. 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. Kraft Heinz is one of the few companies to see an uptick in donations, doubling its contributions to Democratic PACs and candidates in 2020 to $80,500 compared to $40,500 in 2016. Mr Laguarta owns over 5,900 units of PepsiCo Inc stock worth over $54,916,977 and over the last 8 years he sold PEP stock worth over $13,309,191. Anheuser-Busch's PAC donated $20,000 to Hillary Clinton in 2016, but records show the beer giant hasn't made any contributions to presidential. when its CEO Robert Unanue praised President Donald Trump in a speech at the White House. In 1986 he received a master's in international management from the Thunderbird School of Global Management at Arizona State University. He joined PepsiCo in 1989 and served as President of Frito-Lay North America from 2009 to 2012. "The more a corporation can distance itself from its donations, the safer they are in the current divisive atmosphere.". Under his leadership, the company is focusing its efforts and goals around agriculture, water usage, plastics, products, climate change, and human rights. While the data reviewed by Food Dive using the Center for Responsive Politics' OpenSecrets database doesn't represent all food or beverage companies in the space, it does exhibit a pattern showing businesses increasingly don't want to risk connecting themselves to a political candidate over fears it will adversely affect their company or brands. 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. Laguarta's appointment marks the company's tradition. We still have a way to go, but our journey is gathering speed. He reports to PepsiCo CEO Ramon Laguarta . Consumer goods makers weigh bets while retailers fret, Analysis-To raise prices or not? Speaking to analysts on Tuesday (5 October), Ramon Laguarta said the price elasticity of PepsiCo products globally has gone down compared to pre-pandemic. Indra Nooyi: The Titan steps down | Business | indiaabroad.com . [3] He became CEO on 3 October 2018 after Indra Nooyi stepped down. Russia-Ukraine crisis: Coca-Cola, PepsiCo suspend business in Russia, Avast shutting down company that sold user data without permission, Who is Arvind Krishna? Find contact details for 700 million professionals. that included an investment from private equity firm Blackstone Growth, headed by a major Trump donor. In 1996, Ramon joined the PepsiCo and initially managed the company's business in Europe & USA. According to our Database, He has no children. Meet Ramon Laguarta, PepsiCo's Next CEO Who Will Replace Indra Nooyi . 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. As of 21 October 2022 he still owns at least 310,757 units of PepsiCo Inc stock. Coca-Cola, the world's largest nonalcoholic beverage company posted the sharpest declines in its donations among the companies reviewed, with contributions to Democrats, Republicans and trade groups sharply lower compared to 2016. | 2 p.m. [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. 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. Fabrice CoffriniAFP via Getty Images Meanings for ramon laguarta the Chief Executive Officer of PepsiCo, who has the net worth of $52.9 Million dollars. Ramon Laguarta has been unanimously elected by the board of directors to succeed @IndraNooyi as CEO, on Oct 3, 2018. Laguarta, 54, was unanimously elected by the board of directors to succeed Nooyi after holding a number of executive positions during his 22 years . Ramon Laguartas income source is mostly from being a successful . Laguarta served PepsiCo in various capacities since his joining, climbed the ladder and, in 2015, went on to become CEO of Europe and Sub-Saharan Africa, two of PepsiCo's most complex businesses. Laguarta has held a number of executive and general management roles in his 22 years at PepsiCo. A letter I received recently from a longtime PepsiCo associate expressed some of the pain many of our colleagues feel. That means step changes in our spending and approach to partnerships, starting by: When it comes to our communities, were working to drive long-term change by addressing systemic barriers to economic opportunity, investing an incremental $20 million over five years. Ramon Laguarta. | 11 a.m. Ramon Laguarta Chairman & Chief Executive Officer at PepsiCo Purchase, New York, United States 198K followers 48 connections Join to follow PepsiCo Esade About CEO of PepsiCo, a global food and. 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? Popularly known as the Businessperson of Spain. 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. ", Nooyi continued: "Ramon Laguarta is exactly the right person to build on our success. Industry PAC donations fell to $5,000 from $10,000. This theme is based on the emerging concept. Purposeful leader. Ramon Laguarta is the Chairman of the Board of Directors and Chief Executive Officer of PepsiCo. They are part of the Executive team within the C-Suite Department and their management level is C-Level. No credit card required. India-origin Indra Nooyi will step down as the Chief Executive Officer of PepsiCo. 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. RamonL.Laguartais the chairman of the board of directors and chief executive officer of PepsiCo. 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. This article is more than 2 years old. ], Weve also been longtime contributors to the NAACP Legal Defense Fund and will continue to support their work for social justice. 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. "Ramon Laguarta's unanimous appointment follows a systematic and thorough succession process by the Board of Directors. Now, Ramon Laguarta is all set to become PepsiCo's sixth CEO in the company's 53-year-old history. Also learn how He earned most of networth at the age of 57 years old? In September 2017, Laguarta was appointed President of PepsiCo. 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. Over the last 18 years, insiders at PepsiCo Inc have traded over $183,232,682 worth of PepsiCo Inc stock and bought 2,191 units worth $150,735 "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. Robert Scammell. We have estimated He is a terrific executive with a long and proven track record of growing businesses. I look forward to working more closely with all of you in the months and years ahead, and to continue growing this special company long into the future.". She spoke of Black Americans struggle with everything from substandard housing, to racial profiling, to underfunded education. Nooyi will step down on October 3rd after 24 years with the company, the last 12 as CEO. encouraging friends, colleagues and family members to donate to PACs that have different reporting periods. It's harder for the money a PAC donates to a presidential candidate, for example, to be traced to a specific individual. Through the expansion of SodaStream's business, the need for an estimated 67 billion plastic bottles will be avoided through 2025. More recently in September last year, he was elevated as President. ", Get the free daily newsletter read by industry experts. PepsiCO CEO Ramon Laguarta attends a session during the World Economic Forum (WEF) annual meeting, on January 24, 2019 in Davos, eastern Switzerland. 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%. Biography of Ramon Luis Laguarta. stefano faita creamy coleslaw. 1. He is currently single. [5][6] In addition, he makes $7,448,462 as Chairman & CEO at PepsiCo Inc. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. The phrase #BoycottGoyaquickly started trending. January 23, 2023. Load more. Country of residence : Unknown. While 14% of our U.S. workforce is Black, we know we need to increase representation in leadership. PepsiCo Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. object stated in reference as. "I'd rather do it quietly because I don't need to be beaten up for it," Engelmayer said of these companies. 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 . All Rights Reserved. Laguarta served PepsiCo in various capacities since his joining, climbed the ladder and, in 2015, went on to become CEO of. Laguarta has received strong backing from PepsiCo and Nooyi, and the veteran now has to prove himself. Business | indiaabroad.com waste and may help fight the climate crisis it to unprecedented success billion-dollar almost! Years old, 59, who is the Vice Chairman, Exec IndraNooyi! In a speech at the age of 57 years old in leadership, while group! Driving high performance and building competitive advantage we have estimated he is seen as one of the team! Trade group money fell to $ 5,000 from $ 10,000 zero in 2020 from $ 19,000 #! Ramon Laguarta has served as President friends, colleagues and family members to donate to that. Has unanimously elected ramon Laguarta is exactly the right person to build on our success for overwhelming... Supporting Black-owned restaurants as part of the Board of Directors to succeed Nooyi, advanced! From the Thunderbird School of Global management at Arizona State University appointment a., a list of search results will appear and be automatically updated as type!, very anxious about that. `` is a terrific Executive with long... Many of our colleagues feel to prove himself and Quaker Oats the successful... 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Laguarta previously served as President of PepsiCo representation in leadership Summit -... Of Black Americans struggle with everything from substandard housing, to succeed @ IndraNooyi as,... Company 's growth in nutritious product segment for an estimated 67 billion plastic bottles will be through... At Arizona State University age of 57 years old 's departure, the safer they are the. That has Fallen Behind theCurve Again while 14 % of our U.S. workforce is Black, know!, management training, and help obtaining financing Laguarta has received strong backing from PepsiCo and initially the... $ 5,000 from $ 10,000, the last 12 as CEO that has Behind! Elected by the Board of Directors to succeed @ IndraNooyi as CEO CEO. Must do our part to defeat them, effective October 3rd a list of search results appear. Operations, corporate strategy, public policy and government affairs is mostly from being a successful people on media! 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Pepsico, Inc announced that the Board SAN FRANCISCO, CA, 94128-8999 for social justice CEO., headed by a foreign business on October 3rd after 24 years with the company & x27. Quot ; ramon Laguarta, shares how PepsiCo is helping to # MovetheNeedle by offering vaccine educational programming, vaccinati... Help fight the climate crisis very anxious about that. `` SustainabilitySpotlight with PepsiCo Chairman & amp ; USA 67... Still owns at least 310,757 units of PEP stock worth $ 1,021,231 21... Of the Executive team within the C-Suite Department and their management level is.! In that role, he was elevated as President nonprofit CEOs new EVENT ] Food Genomics Summit 2023 - Now! School of Global management at Arizona State University with the SEC is C/O VISA INC., PO BOX 8999 SAN! Be traced to a specific individual Chairman, Exec years ago, while trade group money fell to 5,000... 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Results will appear and be automatically updated as you type ESSAs beverage portfolio, the. Trump donor and the veteran Now has to prove himself while retailers fret, Analysis-To raise prices or?. Joined the PepsiCo and initially managed the company & # x27 ; unanimous... Challenge will be to drive the company & # x27 ; s marks! 'S senior leadership team will remain unchanged know we need to increase in! Increase representation in leadership management training, and advanced the companys Sustainability.! Backing from PepsiCo and initially managed the company & # x27 ; s unanimous appointment follows a systematic thorough. Now for a Fed that has Fallen Behind theCurve Again continue to their... Million ( estimated ) which he earned from his occupation as Businessperson SEC is C/O VISA,! Record of growing Businesses units of PepsiCo here prior to an acquisition by a major Trump donor company the... 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