PepsiCo products are enjoyed by consumers more tha Read More Contact Ramon Laguarta's Phone Number and Email Last Update 11/21/2022 6:14 PM Email r***@pepsico.com Engage via Email Contact Number (914) ***-**** Engage via Phone Mobile Number All have been appointed from within the organization, a testament to PepsiCo's strong bench of talent and succession planning. 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. 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. 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. PepsiCo Inc.'s board of directors has unanimously elected Ramon Laguarta, 54, to succeed Indra Nooyi, 62, as CEO. January 23, 2023. Investing $50 million over five years to strengthen local Black-owned businesses. 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. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in such forward looking statements. 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.". 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. 1 reference. That's why we're honored to join @CirculateCap in combatting further ocean plastic pollution & driving sustainable growth for communities." 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. Company insider Ramon Laguarta will become the next CEO of the beverage and snack giant come October. He officially took over the role on October 3, 2018 and became Chairman of the Board of Directors on February 1, 2019. A year earlier,companies including Hershey, Mars and Jelly Belly were targetedbecause the National Confectioners Association hosted its annual conference at the Trump National Doral Resort. Fabrice CoffriniAFP via Getty Images , money, salary, income, and assets. Laguarta will become the sixth CEO in PepsiCo's 53-year history. Nearly all major U.S.-based food and beverage companies operate their own corporate PACs. 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. that included an investment from private equity firm Blackstone Growth, headed by a major Trump donor. Future Student Events. No credit card required. Mr Laguarta owns over 5,900 units of PepsiCo Inc stock worth over $55,485,662 and over the last 8 years he sold PEP stock worth over $13,309,191. 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. 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. 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. 06 Oct, 2021, 09.21 AM IST. ", 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. Growing up in Spain, my parents raised me to believe that all people are equal, that diversity is a reflection of our common humanity. Ramon Laguarta (born 1963 [2]) is a Spanish businessman who is the chairman and chief executive officer of 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. Republicans received $71,000, down slightly from four years ago, while trade group money fell to zero in 2020 from $19,000. He is currently single. PURCHASE, N.Y., Jan. 10, 2019 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) today announced that its Board of Directors has unanimously elected Ramon Laguarta as the company's Chairman of the. 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. Webinar Solugen Bio has built a chemical plant that produces all manner of chemical-based products using bio-based feedstock instead of fossil fuels. 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. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. Chief Sustainability Officer & EVP, Beyond the Bottle, CEO, International Beverages & Chief Commercial Officer. "I'm incredibly humbled and privileged to be appointed the next CEO of PepsiCo. Under Nooyi, PepsiCo saw strong growth with its net revenue growing from $35bn in 2006 to. Load more. This is true both in companies and the larger society. 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. PepsiCO CEO Ramon Laguarta attends a session during the World Economic Forum (WEF) annual meeting, on January 24, 2019 in Davos, eastern Switzerland. He is not dating anyone. Quality Accessories for Mustang, Dodge, Chrysler and Jeep Made in the USA | 11 a.m. (Reuters) - PepsiCo Inc has appointed Ramon Laguarta to take over as chief executive from Indra Nooyi, handing the reins to a veteran who led the company's fast-growing emerging markets. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. In addition, he makes $7,448,462 as Chairman & CEO at PepsiCo Inc. "You want to continue being a big strong company making money for your shareholders, your employees and bring good products to the market. 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. Ramon Laguarta Chairman and Chief Executive Officer, PepsiCo MBA, ESADE Business School, Spain; Master's in International Management, Thunderbird School of Global Management. Ramon Laguarta is the Chairman of the Board of Directors and Chief Executive Officer of PepsiCo. She will remain as chairman until early 2019. In that role, he successfully transformed ESSAs beverage portfolio, developed the companys juice business, and advanced the companys sustainability mission. In September 2017, Laguarta was appointed President of PepsiCo. Ramon Laguarta is a Spanish businessman who is the chairman and chief executive officer of PepsiCo. Mr. Ramon Luis Laguarta is an Independent Director at Visa, Inc., a Chairman & Chief Executive Officer at PepsiCo, Inc. and a President & Chief Executive Officer at Pepsico . stated in. 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. 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. "At the same time, Indra has invested for the future, leading the way on corporate sustainability and responsibility, and embedding a sense of purpose in everything the company does. 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. January 16, 2021 By cbc news network. 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. Prior to joining the company in 1996, Laguarta worked for confectionary. Thousands of people on social media called for shoppers to stop buying from the company. Ramn Laguarta, premiado con el galardn del Career Award de marketing. 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. In closing, Nooyi said: "Today is a day of mixed emotions for me. 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Laguarta, a 22-year veteran of the company, has been president since September, overseeing global operations, corporate strategy, public policy and government affairs. He oversaw the company's food and beverage business across Europe and food business in Sub-Saharan Africa during his initial years with PepsiCo. 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. RamonL.Laguartais the chairman of the board of directors and chief executive officer of PepsiCo. The 64-year-old Nooyi has been with Pepsico for 24 years. For additional information on these and other factors that could cause PepsiCo's actual results to materially differ from those set forth herein, please see PepsiCo's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. 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. Laguarta has received strong backing from PepsiCo and Nooyi, and the veteran now has to prove himself. Ramon Laguarta is the Chairman of the Board of Directors and Chief Executive Officer of PepsiCo. He moved to the US in 2017 when he was appointed the company President. She will remain Chairman until early 2019 to ensure a smooth and seamless transition. Williams oversees PepsiCobrands such as Doritos and Quaker Oats. Laguarta was unanimously voted in as PepsiCos next CEO on August 6, 2018, the same day Indra Nooyi announced she was stepping down. 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 . Cision Distribution 888-776-0942 This cookie does not track individuals. Indeed, if one looks at her contributions, Laguarta has big shoes to fill. 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. We have estimated Prior to becoming CEO, Ramon was President of PepsiCo. Industry PAC donations fell to $5,000 from $10,000. PepsiCo PEP +1.6% released its 2019 sustainability report, Helping to Build a More Sustainable Food System, just last week, amidst global intensification of . 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. 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. On August 6, 2018 PepsiCo announced that Ramon Laguarta will become its sixth CEO in its 53-year history. 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. Laguarta has also led attempts to reduce waste by acquiring SodaStream. She spoke of Black Americans struggle with everything from substandard housing, to racial profiling, to underfunded education. 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. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. Here's all we know about him. They are part of the Executive team within the C-Suite Department and their management level is C-Level. Continuing to report to Laguarta will be Jim Andrew, Executive Vice President, Chief Strategy and Transformation Officer; Grace Puma, Executive Vice President, Global Operations; and Eugene Willemsen, Executive Vice President, Global Categories & Franchise Management. He is the sixth CEO in the company's history, and the first Spanish CEO of a large American multinational company. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. With potential criticism ever-present, CEOs at major food companies appear to have largely eschewed donations to presidential candidates. 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. 04/11/23. 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. In an investors call, Ramon Laguarta, PepsiCo chairman and CEO, broke down a few of these changes he expects to stick around. You can see the complete history of Mr Laguarta stock trades at the bottom of the page. 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. Laguarta has received strong backing from PepsiCo and Nooyi, and the veteran now has to prove himself. 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. "Winning with Purpose" reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of the business. "At @PepsiCo we're deeply concerned about plastic waste accumulating in our environment and we're committed to helping tackle this challenge. In 1986 he received a master's in international management from the Thunderbird School of Global Management at Arizona State University. Topics covered: R&D, flavor trends, health & nutrition, scientific discoveries, new ingredients, and much more. Recommended [NEW EVENT] Food Genomics Summit 2023 - Register Now! Ramon Laguarta assumed the role of Chief Executive Officer of global beverage giant PepsiCo Wednesday, succeeding India-born Indra Nooyi who had helmed the American company for 12 years, breaking the corporate glass ceiling and leading Pepsi through changing consumer preference for healthier snacks and drinks. General Mills was removed from the list because it did not have donation data for 2016 and 2020. Business Roundtable member company PepsiCo is committed to a sustainable future. 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. CEO & Chairman of PepsiCo. He is seen as one of the most successful Businessperson of all times. Laguarta served PepsiCo in various capacities since his joining, climbed the ladder and, in 2015, went on to become CEO of. Laguarta was named president of PepsiCo in September 2017. Political analysts said corporations increasingly are susceptible to blowback from consumers on Twitter, Facebook and other social media platforms. [4] He is the sixth CEO in the company's history and the first Spanish CEO of a large American multinational company. "Ramon is a strong and proven executive with an outstanding track record growing organically and by acquisition some of PepsiCo's largest and most important international businesses. 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. 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.. Mr. Laguarta was previously employed as a Chairman by Wimm-Bill-Dann Foods OJSC and a Chief Executive Officer by PepsiCo Europe. Supporting Black-owned restaurants as part of our Small Businesses Program, including mentoring, management training, and help obtaining financing. Offers may be subject to change without notice. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. The estimated Net Worth of Ramon Laguarta is at least $76.1 Million dollars as of 21 October 2022. Ramon Laguarta Net worth: $7.5 Million US Dollars His career started by working in the Spanish leading confectionary shop named "Chupa Chups". Consciente, con los pies en el suelo, pero "sin miedo". 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. Now, Ramon Laguarta is all set to become PepsiCo's sixth CEO in the company's 53-year-old history. Laguarta graduated with bachelor's and master's degrees in business administration from ESADE Business School in Barcelona in 1985. 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. Ramon Laguarta (born 1963 in Barcelona, Spain) is the chairman and chief executive officer of PepsiCo. [3] He became CEO on 3 October 2018 after Indra Nooyi stepped down. Through the expansion of SodaStream's business, the need for an estimated 67 billion plastic bottles will be avoided through 2025. Learn How rich is He in this year and how He spends money? Ramon Laguarta Net Worth & Basic source of earning is being a successful Spanish Businessperson. 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. 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. He oversaw PepsiCo's Global Category Groups, its Global Operations, Corporate Strategy, and Public Policy & Government Affairs functions. ", Copyright2023 Living Media India Limited. Ramon Laguarta - Chief Executive Officer, Europe and sub-Saharan Africa - PepsiCo Inc. World Economic Forum Annual Meeting 2019. subject named as. When you press play, Vimeo will drop third party cookies to enable the video to play and to see how long a viewer has watched the video. when its CEO Robert Unanue praised President Donald Trump in a speech at the White House. 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. Ramon Laguarta. These efforts will also inform and positively impact our broader diversity efforts beyond our Black associates, as we look to be an actor in addressing other types of inequality going forward. represents. Since September 2017, Laguarta has served as President of PepsiCo, overseeing global operations, corporate strategy, public policy and government affairs. 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. Income, and Public Policy and Government Affairs functions the complete history of Laguarta... Win sustainably in the company ; sin miedo & quot ; sin &... 2019 to ensure a smooth and seamless transition Nooyi, and stock screening:... 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