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. General Mills was removed from the list because it did not have donation data for 2016 and 2020. Most recently he sold 5,900 units of PEP stock worth $1,021,231 on 21 October 2022. 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. In September 2017, Laguarta was appointed President of PepsiCo. All rights reserved. Thank you to everyone who has voiced their opinion fearlessly to advance this important conversation. Popularly known as the Businessperson of Spain. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in such forward looking statements. 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. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world, and 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. On August 6, 2018 PepsiCo announced that Ramon Laguarta will become its sixth CEO in its 53-year history. Here's all we know about him. ET, Webinar Ramon Laguarta Net Worth & Basic source of earning is being a successful Spanish Businessperson. Indra has been a visionary leader who transformed the corporation and led it to unprecedented success. The oldest executive at PepsiCo Inc is Hugh F. Johnston, 59, who is the Vice Chairman, Exec. Ramn Laguarta, premiado con el galardn del Career Award de marketing. The estimated Net Worth of Ramon Laguarta is at least $76.1 Million dollars as of 21 October 2022. 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. Consciente, con los pies en el suelo, pero "sin miedo". Nooyi will step down on October 3rd after 24 years with the company, the last 12 as CEO. 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. "What we're seeing across the world is. PepsiCo generated more than $67 billion in net revenue in 2019, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. VP & CFO. 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? Age : 59. 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. Consumer goods makers weigh bets while retailers fret, Analysis-To raise prices or not? 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. Winning with Purpose reflects PepsiCos ambition to win sustainably in the marketplace and embed purpose into all aspects of its business. 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. 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. Williams oversees PepsiCobrands such as Doritos and Quaker Oats. "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. that included an investment from private equity firm Blackstone Growth, headed by a major Trump donor. Ramon Laguarta Chairman and Chief Executive Officer, PepsiCo, Inc. Ramon Laguarta has served as chief executive officer and director of PepsiCo since October 2018, and assumed the role of chairman of the board in February 2019. PepsiCo Inc.'s board of directors has unanimously elected Ramon Laguarta, 54, to succeed Indra Nooyi, 62, as CEO. Laguarta's appointment marks the company's tradition. 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. Like all the past CEO's Ramon Laguarta also comes from within the organisation. 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 1. "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 confidenceI also want to thank Indra for her overwhelming support," said Ramon Laguarta, commenting on his appointment as PepsiCo CEO. Find contact details for 700 million professionals. CPG companies contacted by Food Dive said PAC donations are one tool they use to help candidates and advocate for issues important to their businesses or industries. 12:00 pm - 1:00 pm. So, how much is Ramon Laguarta worth at the age of 59 years old? 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. Laguarta's appointment marks the company's tradition of appointing CEOs from within the organisation. Everything to know about Ramon Laguarta, PepsiCo's new CEO. "She has delivered strong and consistent financial performance, managing with an eye toward not only the short-run, but the long-run as well. 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. Her leadership skills, strategic acumen, dedication and integrity have been critical to the sustained success of the corporation and the development of top talent.". In 1996, Ramon joined the PepsiCo and initially managed the company's business in Europe & USA. 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. No credit card required. As a result, it makes more sense for PACs to hold on to their cash. 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. Laguarta has held a number of executive and general management roles in his 22 years at PepsiCo. 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. Ramon Laguarta Net worth: $7.5 Million US Dollars His career started by working in the Spanish leading confectionary shop named "Chupa Chups". from 8 AM - 9 PM ET. 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. Ramon Laguarta was born on 1963 in Barcelona, Spain. Laguarta was unanimously voted in as PepsiCos next CEO on August 6, 2018, the same day Indra Nooyi announced she was stepping down. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. He is not dating anyone. [Editors note: PepsiCo promoted Russell to vice president in 1962; he is believed to be the first black officer of a major U.S. multinational corporation. Topics covered: R&D, flavor trends, health & nutrition, scientific discoveries, new ingredients, and much more. 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"Ramon Laguarta's unanimous appointment follows a systematic and thorough succession process by the Board of Directors. "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. But the recent protests in all 50 states and around the world have called on us to honestly assess our efforts. ], Weve also been longtime contributors to the NAACP Legal Defense Fund and will continue to support their work for social justice. Under Ramons leadership, the company is also adopting new leadership behaviors that are focused on driving high performance and building competitive advantage. Nooyi, 64, who was born in India and studied at Yale, will remain chairman and hand over CEO duties to Ramon Laguarta. Ramon Laguarta Phone Number Found 6 phone numbers: View Ramon's Email & Phone (It's Free) 5 free lookups per month. 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. She will remain Chairman until early 2019 to ensure a smooth and seamless transition. After her 12-year stint as the CEO of PepsiCo, Indra Nooyi will pave the way for Ramon Laguarta to be the top boss of the American multinational food, snack, and beverage corporation. And of course, I want to thank all of my colleagues, as well as the customers, bottlers, partners, and investors who are part of the PepsiCo family. 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. 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. "Our PAC is not a 'majority'PAC so we strive to give in parity, particularly to party committees.. He oversaw PepsiCo's Global Category Groups, its Global Operations, Corporate Strategy, and Public Policy & Government Affairs functions. Of the largest companies, only Steven Williams,CEO of PepsiCo Foods North America, donated money to former Vice President Joe Biden when he gave $2,000 to the Biden Victory Fund in June. [3] He became CEO on 3 October 2018 after Indra Nooyi stepped down. Ramon Laguarta, born in Barcelona, Spain is the Chairman and CEO (Chief Executive Officer) of PepsiCo. Through the expansion of SodaStream's business, the need for an estimated 67 billion plastic bottles will be avoided through 2025. "Growing up in India, I never imagined I'd have the opportunity to lead such an extraordinary company. Nooyi will step down on October 3rd after 24 years with the company, the last 12 as CEO. PURCHASE, N.Y., Aug. 6, 2018 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) ('PepsiCo') today announced that its Board of Directors has unanimously e. Public asset : 54,221,664 USD. 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. 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, 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 . The estimated Net Worth of Ramon Laguarta is at least $76.2 Milion dollars as of 21 October 2022. "The whole atmosphere has caused people to go underground and not be seen. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. 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. With potential criticism ever-present, CEOs at major food companies appear to have largely eschewed donations to presidential candidates. Political analysts said corporations increasingly are susceptible to blowback from consumers on Twitter, Facebook and other social media platforms. I came away from themmore conscious of the insidious nature of systemic racism andeven more committed to using PepsiCos resources for good. 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. 2023 Fortune Media IP Limited. She spoke of Black Americans struggle with everything from substandard housing, to racial profiling, to underfunded education. Cision Distribution 888-776-0942 Thousands of people on social media called for shoppers to stop buying from the company. "What you are seeing is few companies risking their brands being called out,"Engelmayer said. While 14% of our U.S. workforce is Black, we know we need to increase representation in leadership. 380 talking about this. Ramon Laguarta - Chief Executive Officer, Europe and sub-Saharan Africa - PepsiCo Inc. World Economic Forum Annual Meeting 2019. subject named as. Speaking to analysts on Tuesday (5 October), Ramon Laguarta said the price elasticity of PepsiCo products globally has gone down compared to pre-pandemic. 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. https://t.co/gq2LwrwI0Q pic.twitter.com/39lxlswiTg, "Ramon Laguarta is exactly the right person to build on our success. 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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.". Mr Laguarta is 57, he's been the Chairman & CEO of PepsiCo Inc since . In addition, he makes $7,448,462 as Chairman & CEO at PepsiCo Inc. Guiding PepsiCo is our vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. These conversations were humbling and enlightening. As of 21 October 2022 he still owns at least 310,757 units of PepsiCo Inc stock. Recommended [NEW EVENT] Food Genomics Summit 2023 - Register Now! Watch today's #SustainabilitySpotlight with PepsiCo Chairman & CEO Ramon Lag. He officially took over the role on October 3, 2018 and became Chairman of the Board of Directors on February 1, 2019. 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. 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 [3] He became CEO on 3 October 2018 after Indra Nooyi stepped down. 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. For more information, visit www.pepsico.com. No credit card required. 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 . Who is Laxman Narasimhan, the new Starbucks CEO? 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. 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. 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.". 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%. It's harder for the money a PAC donates to a presidential candidate, for example, to be traced to a specific individual. Mr. Laguarta previously served as president from 2017 to 2018. Biography of Ramon Luis Laguarta. 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. He became CEO on October 3, 2018 after his predecessor Indra Nooyi stepped down. He is a terrific executive with a long and proven track record of growing businessesRamon has been a critical partnerand I'm confident he will take PepsiCo to new and greater heights," said Nooyi. 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. She will remain as chairman until early 2019. when its CEO Robert Unanue praised President Donald Trump in a speech at the White House. 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. 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. Republicans received $71,000, down slightly from four years ago, while trade group money fell to zero in 2020 from $19,000. Indra K. Nooyi to end tenure as CEO after delivering more than a decade of strong performance, grounding company in Performance with Purpose philosophy, and positioning PepsiCo for continued success. Ramon Laguarta is the Chairman of the Board of Directors and Chief Executive Officer of PepsiCo. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. 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. All have been appointed from within the organization, a testament to PepsiCo's strong bench of talent and succession planning. Now, all eyes are on PepsiCo veteran and company President, Ramon Laguarta, who is set to take the reins from her. 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. 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