Nooyi will step down on Oct. 3 after 24 years with the company, the last 12 as . 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. Under her leadership, PepsiCo grew its portfolio of Good for You and Better for You options from about 38% of revenue in 2006 to roughly 50% in 2017, almost tripled its investments in research and development to expand its more nutritious offerings and minimize its environmental impact, and achieved global recognition for the company's work in communities around the world. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. "Laguarta, who was unanimously elected by the board of directors, will take over from Nooyi on October 3," the company said in a statement. But the recent protests in all 50 states and around the world have called on us to honestly assess our efforts. We will provide grants to participants organizations, executive education, and connections to PepsiCo leaders and partners. That's why we're honored to join @CirculateCap in combatting further ocean plastic pollution & driving sustainable growth for communities." His appointment will become effective October 3, 2018. PURCHASE, N.Y., Aug. 6, 2018 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) ('PepsiCo') today announced that its Board of Directors has unanimously e. 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. FOX Business takes a look at Laguarta and his track to the C-Suite. 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. He oversaw the company's food and beverage business across Europe and food business in Sub-Saharan Africa during his initial years with PepsiCo. [5] [6] Education [ edit] 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 Together, I am confident we can work to build a stronger, better company that actively supports racial equality, more fully serves our communities, and lives up to our highest ideals. Webinar , money, salary, income, and assets. 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. Who is Laxman Narasimhan, the new Starbucks CEO? Country of residence : Unknown. 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. PepsiCo. Ramon Laguarta Email Chairman of the Board of Directors @ PepsiCo View Ramon's Email (It's Free) 5 free lookups per month. Last updated: 26 January 2023 at 7:06pm EST. [4] He is the sixth CEO in the company's history and the first Spanish CEO of a large American multinational company. Nooyi, 62, will step down on October 3 after 24 years with the company. 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. She has transformed the company with her bold vision and outstanding leadership, and I feel fortunate to have her as a mentor and a friend," said Laguarta. Load more. Injustice and inequality are problems for us all, and we all must do our part to defeat them. 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Offers may be subject to change without notice. When it comes topeople, we are focusing on increasing representation; recruitment; and education, internships and apprenticeships. Laguarta has held a number of executive and general management roles in his 22 years at PepsiCo. Ramon L Laguarta, Pepsico Inc: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Technology The only daily news program focused exclusively on technology, innovation and. [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. He is the sixth person to take the responsibility of CEO of the company as his predecessor Indra Nooyi stepped down the position on October 3, 2018. Since September 2017, Laguarta has served as President of PepsiCo, overseeing global operations, corporate strategy, public policy and government affairs. Even though I wasnt born in the United States,I am passionate about this issue. The 54-year executive has so far spent 22 years with PepsiCo and has worked in different executive and general management roles. 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. Guiding PepsiCo is our vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. Search Others Named Ramon Laguarta Ramon graduated from ESADE Business School and is currently based in Purchase . Aug 06, 2018. They are part of the Executive team within the C-Suite Department and their management level is C-Level. Accelerating our recruitment efforts with Historically Black Colleges and Universities and increasingpartnerships with diverse organizations at our core schools. because the National Confectioners Association hosted its annual conference at the Trump National Doral Resort. Chief Sustainability Officer & EVP, Beyond the Bottle, CEO, International Beverages & Chief Commercial Officer. 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. She will remain as chairman until early 2019. CEO & Chairman of PepsiCo. The 64-year-old Nooyi has been with Pepsico for 24 years. "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. 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. I want to thank Indra for her overwhelming support. | 2 p.m. 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. Ramon Laguarta is the Chief Executive Officer of PepsiCo. Laguarta's appointment marks the company's tradition. "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. Ramon Laguarta Chairman and Chief Executive Officer Ramon Laguarta is the Chairman of the Board of Directors and Chief Executive Officer of PepsiCo. The promise of our journey remains unfulfilled. These behaviors include: be consumer-centric; act as owners; focus and get things done; voice opinions fearlessly, raise the bar on talent and diversity; celebrate success; and act with integrity. Now, all eyes are on PepsiCo veteran and company President, Ramon Laguarta, who is set to take the reins from her. Analysts suggest Laguarta's major challenge will be to drive the company's growth in nutritious product segment. Earlier this summer,Goya was called outwhen its CEO Robert Unanue praised President Donald Trump in a speech at the White House. 2018. PepsiCo, Inc announced that the Board of Directors has unanimously elected Ramon Laguarta, 54, to succeed Nooyi, 62. PepsiCo generated more than $86 billion in net revenue in "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. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. VP & CFO. Collectively, the maker of Diet Coke and Honest Tea donated $382,000 in the 2020 election period, a drop of close to $600,000. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world, and in 2018 the company generated more than $64 billion in net revenue, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. Powered and implemented by Interactive Data Managed Solutions. Laguarta did his MBA from ESADE business school in Barcelona. In September 2017, Laguarta was appointed President of PepsiCo. 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. 2023 Fortune Media IP Limited. 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. "Our PAC is not a 'majority'PAC so we strive to give in parity, particularly to party committees.. PepsiCo's product portfolio includes 22 brands that generate more than $1 billion each in estimated annual retail sales. Later, he was appointed as the CEO of the company in Europe. 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. "Ramon Laguarta's unanimous appointment follows a systematic and thorough succession process by the Board of Directors. Nooyi was the first female CEO in the PepsiCo's history. 12:00 pm - 1:00 pm. 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. During the past few weeks, the senior leadership team and I have been doing a lot more listening than talking. This strategy includes Drinkfinity, Aquafina Water Stations, Pepsi Spire, and the recent acquisition of SodaStream, the world's leader in at-home sparkling beverage preparation. Laguarta served PepsiCo in various capacities since his joining, climbed the ladder and, in 2015, went on to become CEO of. Topics covered: manufacturing, packaging, new products, R&D, and much more. Ramn Laguarta, premiado con el galardn del Career Award de marketing. Company insider Ramon Laguarta will become the next CEO of the beverage and snack giant come October. FORTUNE may receive compensation for some links to products and services on this website. In September 2017, Laguarta was appointed President of PepsiCo. No credit card required. Ramon Laguartas income source is mostly from being a successful . | 11 a.m. 380 talking about this. A statement provided by Anheuser-Busch said its PAC is one way they "engage in direct advocacy on behalf of the critical business issues facing our employees and our company at the federal and state levels. The phrase #BoycottGoyaquickly started trending. But I am proud of all we've done to position PepsiCo for success, confident that Ramon and his senior leadership team will continue prudently balancing short-term and long-term priorities, and excited for all the great things that are in store for this company. 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 - Chief Executive Officer, Europe and sub-Saharan Africa - PepsiCo Inc. World Economic Forum Annual Meeting 2019. subject named as. As of 21 October 2022 he still owns at least 310,757 units of PepsiCo Inc stock. 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. We still have a way to go, but our journey is gathering speed. The AB-PAC supports elected officials and candidates for office whose policy positions and objectives support our companys license to operate.". 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. 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. As a result, it makes more sense for PACs to hold on to their cash. Discover today's celebrity birthdays and explore famous people who share your birthday. Recommended [NEW EVENT] Food Genomics Summit 2023 - Register Now! 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. Ramon is a strong and proven PepsiCo executive who will help lead our company into the future. Ramon Laguarta's net worth Juda Engelmayer, president of HeraldPR who has clients in the food, entertainment and hospitality sectors, said companies that traditionally have given money to political candidates in the past have either not been doing it or are finding other ways to contribute,such as encouraging friends, colleagues and family members to donate to PACs that have different reporting periods. 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. Laguarta was unanimously voted in as PepsiCos next CEO on August 6, 2018, the same day Indra Nooyi announced she was stepping down. 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. Beverage business across Europe and Sub-Saharan Africa during his initial years with the company food! 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