Ramon Laguarta is a Spanish businessman who is the chairman and chief executive officer of PepsiCo. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Her leadership skills, strategic acumen, dedication and integrity have been critical to the sustained success of the corporation and the development of top talent.". Indra Nooyi: The Titan steps down | Business | indiaabroad.com . PepsiCo's best days are still ahead of it.". "Laguarta, who was unanimously elected by the board of directors, will take over from Nooyi on October 3," the company said in a statement. He and his wife, Maria, are the proud parents of three sons. "There are a lot of people more than you know that are very,very anxious about that.". 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. Offers may be subject to change without notice. It's official - Chennai-born Indra Nooyi is stepping down as the CEO of PepsiCo after 12 long years at the helm. 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. Laguarta joined PepsiCo in January 1996. More recently in September last year, he was elevated as President. PepsiCo Inc.'s board of directors has unanimously elected Ramon Laguarta, 54, to succeed Indra Nooyi, 62, as CEO. His appointment will become effective October 3, 2018. Who is Laxman Narasimhan, the new Starbucks CEO? I hear you loud and clear and, as CEO, I aspire to ensure that all associates are proud to work at PepsiCo. General Mills was removed from the list because it did not have donation data for 2016 and 2020. To help achieve these aims, Ramon is positioning the company to become Faster, Stronger, and Better: Faster by being more consumer-centric and investing to accelerate topline growth and winning in the marketplace; Stronger by transforming its capabilities and culture; and Better by continuing to integrate Purpose into its business strategy. Earlier this summer,Goya was called outwhen its CEO Robert Unanue praised President Donald Trump in a speech at the White House. 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. Supporting Black-owned restaurants as part of our Small Businesses Program, including mentoring, management training, and help obtaining financing. Ramon Laguarta, born in Barcelona, Spain is the Chairman and CEO (Chief Executive Officer) of PepsiCo. Terms & Conditions. 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. "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 will update Ramon Laguarta's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. Laguarta has held a number of executive and general management roles in his 22 years at PepsiCo. He received his graduate degree from Thunderbird School of Global Management and an MBA from Escuela Superior de Administracin y Direccin de Empresas. We will provide grants to participants organizations, executive education, and connections to PepsiCo leaders and partners. 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. This is true both in companies and the larger society. Find contact details for 700 million professionals. He oversaw PepsiCo's Global Category Groups, its Global Operations, Corporate Strategy, and Public Policy & Government Affairs functions. Industry PAC donations fell to $5,000 from $10,000. Like all the past CEO's Ramon Laguarta also comes from within the organisation. Topics covered: manufacturing, packaging, new products, R&D, and much more. All Rights Reserved. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. 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. Believer in simplicity, accountability, executional excellence. As a result of the promotion, he moved to the United States. Meanings for ramon laguarta the Chief Executive Officer of PepsiCo, who has the net worth of $52.9 Million dollars. She spoke of Black Americans struggle with everything from substandard housing, to racial profiling, to underfunded education. Thank you to everyone who has voiced their opinion fearlessly to advance this important conversation. Even though I wasnt born in the United States,I am passionate about this issue. Ramon Laguarta Net Worth & Basic source of earning is being a successful Spanish Businessperson. Laguarta equally represents continuity and the necessary agility for PepsiCo," said Daniel Vasella, Chairman of the Board's Nominating and Corporate Governance Committee. The parent company of Pepsi, Frito-Lay . 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. 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. You don't want to be bogged down with the outside nonsense," said Jon Schaff, a professor of political science at Northern State University in Aberdeen, South Dakota. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. Add a meaning Wiki content for ramon laguarta Ramon Laguarta Add ramon laguarta details Phonetic spelling of ramon laguarta Add phonetic spelling Synonyms for ramon laguarta Add synonyms Antonyms for ramon laguarta Add antonyms Laguarta, 54, was unanimously elected by the board of directors to succeed Nooyi after holding a number of executive positions during his 22 years . Of this total $1,542,308 was received as a salary, $10,222,640 was received as a bonus, $0 was received in stock options, $8,745,056 was awarded as stock and $581,364 came from other types of compensation. FORTUNE may receive compensation for some links to products and services on this website. See the CEO of Pepsi. 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. Expanding our Black managerial population by 30% by 2025 through internal development and recruitmentwe will add more than 250 Black associates to managerial roles by 2025, including adding a minimum of 100 Black associates to our executive ranks. In an interview . object stated in reference as. ramon laguarta political party. Ramon, a 23-year PepsiCo veteran, has served as CEO since October 3, 2018, and Chairman of the Board since February 1, 2019. 1 reference. Williams oversees PepsiCobrands such as Doritos and Quaker Oats. CEO & Chairman of PepsiCo. 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. She will remain as chairman until early 2019. VP & CFO. 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. "Our PAC is not a 'majority'PAC so we strive to give in parity, particularly to party committees.. "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. 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. 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 . Search Others Named Ramon Laguarta We still have a way to go, but our journey is gathering speed. Ramon Laguarta is the Chairman of the Board of Directors and Chief Executive Officer of PepsiCo. "Ramon Laguarta's unanimous appointment follows a systematic and thorough succession process by the Board of Directors. Biography of Ramon Luis Laguarta. Public asset : 54,221,664 USD. PepsiCo CEO Indra Nooyi is stepping down as CEO on Oct. 3, and her No. Cision Distribution 888-776-0942 04/11/23. 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. 2018. While 14% of our U.S. workforce is Black, we know we need to increase representation in leadership. Now, all eyes are on PepsiCo veteran and company President, Ramon Laguarta, who is set to take the reins from her. 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. "Ramon Laguarta is exactly the right person to build on our success. wow.anonymousId: MST. 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. As one of the first Fortune 100 CEOs to embed sustainability targets into business operations, Indra was a pioneer, paving the way for a new generation of business leaders who seek to 'do well by doing good.' Nooyi, 64, who was born in India and studied at Yale, will remain chairman and hand over CEO duties to Ramon Laguarta. Laguarta was also elected to the company's Board of Directors, effective October 3rd. 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. Company insider Ramon Laguarta will become the next CEO of the beverage and snack giant come October. The estimated Net Worth of Ramon Laguarta is at least $76.2 Milion dollars as of 21 October 2022. We recommend you to check the complete list of Famous People born on . Info session. 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. He keenly understands the evolving needs of consumers and customers and the trends affecting our business in markets around the world. 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. He became CEO on October 3, 2018 after his predecessor Indra Nooyi stepped down. All have been appointed from within the organization, a testament to PepsiCo's strong bench of talent and succession planning. 1. As a result, it makes more sense for PACs to hold on to their cash. This cookie does not track individuals. Aug 06, 2018. Hear the latest economic, business and market news, as well as global, national, and local news. He moved to the US in 2017 when he was appointed the company President. 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. I met with several different groups of Black community leaders, as well as MOSAIC, our Black employee resource group. 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. PURCHASE, N.Y., Aug. 6, 2018 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) ('PepsiCo') today announced that its Board of Directors has unanimously e. 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. Ramon Laguarta's net worth Growing up in Spain, my parents raised me to believe that all people are equal, that diversity is a reflection of our common humanity. In September 2017, Laguarta was appointed President of PepsiCo. As of 21 October 2022 he still owns at least 310,757 units of PepsiCo Inc stock. 20. [5] [6] Education [ edit] The largest trade he's ever made was selling 23,585 units of PepsiCo Inc stock on 28 February 2017 worth over $2,571,944. ], Weve also been longtime contributors to the NAACP Legal Defense Fund and will continue to support their work for social justice. Our journey will now focus on three pillarsPeople,Business,andCommunities. As Chairman of the Board and Chief Executive Officer at PEPSICO INC, Ramon Laguarta made $21,091,368 in total compensation. Using our buying power to create more jobs for Black creators at our marketing agencies and making them part of our content developmentwe will implement a Creative Agency Diversity Policy modeled on our existing policy for the selection of legal services, including an annual audit. 06 Oct, 2021, 09.21 AM IST. Since becoming CEO of PepsiCo, Laguarta established three priorities to lead the company: Accelerating the company's rate of organic revenue growth; becoming a stronger company; and becoming a better company. 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. 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. FOX Business takes a look at Laguarta and his track to the C-Suite. that included an investment from private equity firm Blackstone Growth, headed by a major Trump donor. 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. 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