Ramon Laguarta has been unanimously elected by the board of directors to succeed @IndraNooyi as CEO, on Oct 3, 2018. 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. Ramon Laguarta was born on 1963 in Barcelona, Spain. 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. January 16, 2021 By cbc news network. | 11 a.m. [3] He became CEO on 3 October 2018 after Indra Nooyi stepped down. "I also want to thank Indra for her overwhelming support. 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. Age : 59. PepsiCO CEO Ramon Laguarta attends a session during the World Economic Forum (WEF) annual meeting, on January 24, 2019 in Davos, eastern Switzerland. Analysts suggest Laguarta's major challenge will be to drive the company's growth in nutritious product segment. Consciente, con los pies en el suelo, pero "sin miedo". Now, all eyes are on PepsiCo veteran and company President, Ramon Laguarta, who is set to take the reins from her. As we continue our journey, we are going to keep listeningto leaders, communities, and all of our associatesand we will work to do the right thing. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Who is Laxman Narasimhan, the new Starbucks CEO? Speaking to analysts on Tuesday (5 October), Ramon Laguarta said the price elasticity of PepsiCo products globally has gone down compared to pre-pandemic. 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. What Now for a Fed That Has Fallen Behind theCurve Again? "You want to continue being a big strong company making money for your shareholders, your employees and bring good products to the market. 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. 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. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. Williams oversees PepsiCobrands such as Doritos and Quaker Oats. Ramon Laguarta Phone Number Found 6 phone numbers: View Ramon's Email & Phone (It's Free) 5 free lookups per month. As a result of the promotion, he moved to the United States. Anheuser-Busch, one of the biggest overall donors to PACs and lawmakers among food and beverage companies, along with Coca-Cola, sharply cut contributions from its PAC to Democrats by nearly $100,000 to $305,000, while Republicans received 55% less at $249,500 versus 2016. Mr. Laguarta was previously employed as a Chairman by Wimm-Bill-Dann Foods OJSC and a Chief Executive Officer by PepsiCo Europe. 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. Thank you to everyone who has voiced their opinion fearlessly to advance this important conversation. "Indra has also, selflessly, served as a mentor for associates up and down the organization, building close relationships with leaders in every one of PepsiCo's key markets, championing diversity and adhering to the highest standards of corporate ethics, earning PepsiCo a place on Ethisphere's list of the World's Most Ethical Companies every year since the list was established 12 years ago. Overall, trade group-related PACs received $64,500 compared to $124,000 four years ago. Even though I wasnt born in the United States,I am passionate about this issue. Webinar They are part of the Executive team within the C-Suite Department and their management level is C-Level. Fabrice CoffriniAFP via Getty Images Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. FORTUNE may receive compensation for some links to products and services on this website. So today, I am announcing the next step in PepsiCos journey for racial equality: amore than $400 million set of initiatives over five yearsto lift up Black communities and increase Black representation at PepsiCo. That's why we're honored to join @CirculateCap in combatting further ocean plastic pollution & driving sustainable growth for communities." Laguarta also was elected to the company's board of directors, effective . Ramon Laguarta is the Chairman of the Board of Directors and Chief Executive Officer of PepsiCo. That means broadly increasing our efforts to create opportunity and advance economic empowerment for Black Americans, starting by: The bottom line: This moment calls for big, structural changes, and were committed to being agents of that progress. ", Get the free daily newsletter read by industry experts. Mr Laguarta is 57, he's been the Chairman & CEO of PepsiCo Inc since . Cision Distribution 888-776-0942 Like all the past CEO's Ramon Laguarta also comes from within the organisation. She will remain as chairman until early 2019. There are 2 older and 3 younger executives at PepsiCo Inc. ", Nooyi continued: "Ramon Laguarta is exactly the right person to build on our success. Offers may be subject to change without notice. Ramon Laguarta's net worth 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. Believer in simplicity, accountability, executional excellence. PepsiCo, Inc announced that the Board of Directors has unanimously elected Ramon Laguarta, 54, to succeed Nooyi, 62. 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. "The whole atmosphere has caused people to go underground and not be seen. 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. 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. 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 Laguarta Net Worth & Basic source of earning is being a successful Spanish Businessperson. He and his wife, Maria, are the proud parents of three sons. "I'm incredibly humbled and privileged to be appointed the next CEO of PepsiCo. ET, Webinar She was disappointed in some of PepsiCos past decisions and called us to action, saying,PepsiCo at this time has an opportunity to look at our African-American employees and community with wide open eyes and heart, and to work hand-in-hand to address the plagues many of us all too often face each day. I couldnt agree more. This article is more than 2 years old. He received his graduate degree from Thunderbird School of Global Management and an MBA from Escuela Superior de Administracin y Direccin de Empresas. This is true both in companies and the larger society. As people around the world demand justice for George Floyd, Ahmaud Arbery, Breonna Taylor, Rayshard Brooks, and far too many others,we have been thinking hard about how PepsiCo can help dismantle the systemic racial barriers that for generations have blocked social and economic progress for Black people in this country. "Our PAC is not a 'majority'PAC so we strive to give in parity, particularly to party committees.. Linked companies : Visa Inc. - PepsiCo, Inc. For more information, visit www.pepsico.com. General Mills was removed from the list because it did not have donation data for 2016 and 2020. The phrase #BoycottGoyaquickly started trending. You can see the complete history of Mr Laguarta stock trades at the bottom of the page. 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. Thousands of people on social media called for shoppers to stop buying from the company. 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. Biography of Ramon Luis Laguarta. Ramon Laguarta. 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. The parent company of Pepsi, Frito-Lay . 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. Those donations are down this year partly because food and beverage companies have fewer major issues they need to worry about beyond the pandemic, Schaff said. Laguarta was unanimously voted in as PepsiCos next CEO on August 6, 2018, the same day Indra Nooyi announced she was stepping down. It's official - Chennai-born Indra Nooyi is stepping down as the CEO of PepsiCo after 12 long years at the helm. stated in. Ramon graduated from ESADE Business School and is currently based in Purchase . 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. [4] He is the sixth CEO in the company's history and the first Spanish CEO of a large American multinational company. In addition, he makes $7,448,462 as Chairman & CEO at PepsiCo Inc. . Popularly known as the Businessperson of Spain. As CEO, she grew revenue more than 80%, outperforming our peers and adding a new billion-dollar brand almost every other year. Under his leadership, the company is focusing its efforts and goals around agriculture, water usage, plastics, products, climate change, and human rights. He joined PepsiCo in 1989 and served as President of Frito-Lay North America from 2009 to 2012. In closing, Nooyi said: "Today is a day of mixed emotions for me. 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. Supporting Black-owned restaurants as part of our Small Businesses Program, including mentoring, management training, and help obtaining financing. PepsiCo CEO Indra Nooyi is stepping down as CEO on Oct. 3, and her No. 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. 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. Quality Accessories for Mustang, Dodge, Chrysler and Jeep Made in the USA Thousands of people on social media called for shoppers to stop buying from the company. It's harder for the money a PAC donates to a presidential candidate, for example, to be traced to a specific individual. India-origin Indra Nooyi will step down as the Chief Executive Officer of PepsiCo. While 14% of our U.S. workforce is Black, we know we need to increase representation in leadership. The AB-PAC supports elected officials and candidates for office whose policy positions and objectives support our companys license to operate.". Laguarta served PepsiCo in various capacities since his joining, climbed the ladder and, in 2015, went on to become CEO of. Ramon, a 22-year PepsiCo veteran, has served as President of PepsiCo since September 2017 with responsibility for shaping the company's corporate strategy, working . 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. With potential criticism ever-present, CEOs at major food companies appear to have largely eschewed donations to presidential candidates. Discover Ramon Laguarta's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Ramon Laguarta (born 1963 in Barcelona, Spain) is the chairman and chief executive officer of PepsiCo. Terms & Conditions. Public asset : 54,221,664 USD. Our journey will now focus on three pillarsPeople,Business,andCommunities. In September 2017, Laguarta was appointed President of PepsiCo. In addition, he makes $7,448,462 as Chairman & CEO at PepsiCo Inc. Every Pepsi CEO has . 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. Ramn Laguarta, premiado con el galardn del Career Award de marketing. On August 6, 2018 PepsiCo announced that Ramon Laguarta will become its sixth CEO in its 53-year history. [5] [6] Education [ edit] The donation numbers for the election four years ago cover the full 24-month period ended Dec.31, 2016. He has a deep understanding of the changing preferences of consumers and other critical trends unfolding around the world," said the outgoing CEO Indra Nooyi. 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. LinkedIn has officially entered its cringe era, and its working. As a result, it makes more sense for PACs to hold on to their cash. 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. The 54-year executive has so far spent 22 years with PepsiCo and has worked in different executive and general management roles. The oldest executive at PepsiCo Inc is Hugh F. Johnston, 59, who is the Vice Chairman, Exec. 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. 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. 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. Ramon, a 23-year PepsiCo veteran, has served as CEO since October 3, 2018, and Chairman of the Board since February 1, 2019. Business Roundtable member company PepsiCo is committed to a sustainable future. Explaining the weird situation, Who is Ajay Banga, US nominee for World Bank president, Florida: Gunman returns to crime scene; kills TV reporter, child, US: Seattle becomes first city to ban caste discrimination. Guiding PepsiCo is our vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. Coca-Cola directed inquiries about its contributions to its website where it noted that donations to candidates and trade groups are two of the ways they engage in political issues. "What we're seeing across the world is. 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. Ramon Laguarta is the Chairman of the Board of Directors and Chief Executive Officer of PepsiCo. We still have a way to go, but our journey is gathering speed. PepsiCo India reports double-digit growth in June-Aug. "The recovery from the Covid--19 pandemic contributed to a current-year increase in consumer demand, which had a positive impact on net revenue, unit volume and operating profit performance," PepsiCo global chairman Ramon Laguarta said in an earnings statement. In that role, he successfully transformed ESSAs beverage portfolio, developed the companys juice business, and advanced the companys sustainability mission. 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. "Growing up in India, I never imagined I'd have the opportunity to lead such an extraordinary company. I hear you loud and clear and, as CEO, I aspire to ensure that all associates are proud to work at PepsiCo. Ramn Laguarta, el otro espaol en el Foro de Davos, y su mujer independentista El presidente de PepsiCo tendr dos intervenciones en el Foro Econmico Mundial, al que tambin va Pedro Snchez. 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. "Laguarta, who was unanimously elected by the board of directors, will take over from Nooyi on October 3," the company said in a statement. Nearly all major U.S.-based food and beverage companies operate their own corporate PACs. Meet Ramon Laguarta, PepsiCo's Next CEO Who Will Replace Indra Nooyi . 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 We recommend you to check the complete list of Famous People born on . "Ramon Laguarta's unanimous appointment follows a systematic and thorough succession process by the Board of Directors. Laguarta's appointment marks the company's tradition. We will update Ramon Laguarta's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. 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 Maybe it's best to just let this election go," Schaff said. He is the sixth CEO in the company's history, and the first Spanish CEO of a large American multinational company. Prior to joining the company in 1996, Laguarta worked for confectionary. 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