Ramon Laguarta (born 1963 [2]) is a Spanish businessman who is the chairman and chief executive officer of PepsiCo. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. We have estimated Nooyi, 62, will step down on October 3 after 24 years with the company. It also doesn't create waste and may help fight the climate crisis. 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.". "I'm incredibly humbled and privileged to be appointed the next CEO of PepsiCo. In one of his recent videos on video-sharing website Vimeo, Laguarta said: "Future is not going to be easy innovation is going to be key. 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. The estimated Net Worth of Ramon Laguarta is at least $75.7 Million dollars as of 21 October 2022. 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. Analysts suggest Laguarta's major challenge will be to drive the company's growth in nutritious product segment. 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. 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. These conversations were humbling and enlightening. He is from Spain. 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. Laguarta, who hails from Barcelona in Spain, was appointed the CEO of PepsiCo Europe in 2014. . LinkedIn has officially entered its cringe era, and its working. Every Pepsi CEO has . [4] He is the sixth CEO in the company's history and the first Spanish CEO of a large American multinational company. Ramon Laguartas income source is mostly from being a successful . This company has been my life for nearly a quarter century and part of my heart will always remain here. 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. "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. Ramon Laguarta Phone Number Found 6 phone numbers: View Ramon's Email & Phone (It's Free) 5 free lookups per month. She will remain as chairman until early 2019. After prices more than doubled over the past year, producers are grappling with the impact of the virus while politicians and activists call for investigations into potential price gouging. todd herman radio host wikipedia. ", Get the free daily newsletter read by industry experts. Republicans received $71,000, down slightly from four years ago, while trade group money fell to zero in 2020 from $19,000. Laguarta, 54, was unanimously elected by the board of directors to succeed Nooyi after holding a number of executive positions during his 22 years . "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. "We consider it our duty, and our responsibility, to make our views clear to those who have the potential to impact the laws, regulations and policies that can influence our global business," the company said. He moved to the US in 2017 when he was appointed the company President. 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. There are 2 older and 3 younger executives at PepsiCo Inc. Investing $5 million to launch a Community Leader Fellowship program for Black nonprofit CEOs. 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. I hear you loud and clear and, as CEO, I aspire to ensure that all associates are proud to work at PepsiCo. 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. because the National Confectioners Association hosted its annual conference at the Trump National Doral Resort. 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. The parent company of Pepsi, Frito-Lay . 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. He is not dating anyone. . Before joining PepsiCo in 1996, he worked for Chupa Chups, S.A., a Spanish leading confectionery company, where he held a number of international roles in Asia, Europe, the Middle East, and the United States. Ramon Laguarta Net Worth & Basic source of earning is being a successful Spanish Businessperson. 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. It's harder for the money a PAC donates to a presidential candidate, for example, to be traced to a specific individual. Laguarta equally represents continuity and the necessary agility for PepsiCo," said Daniel Vasella, Chairman of the Board's Nominating and Corporate Governance Committee. 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. 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 . 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. All have been appointed from within the organization, a testament to PepsiCo's strong bench of talent and succession planning. Popularly known as the Businessperson of Spain. Believer in simplicity, accountability, executional excellence. Recommended [NEW EVENT] Food Genomics Summit 2023 - Register Now! Let Food Dive's free newsletter keep you informed, straight from your inbox. ", Nooyi continued: "Ramon Laguarta is exactly the right person to build on our success. This article is more than 2 years old. Search Others Named Ramon Laguarta 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 . 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 S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. MST. 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. Powered and implemented by Interactive Data Managed Solutions. I met with several different groups of Black community leaders, as well as MOSAIC, our Black employee resource group. While working in Europe, Laguarta helped lead the acquisition in 2010 of Russian dairy and juice company Wimm-Bill-Dann, a deal valued at $5.4 billion, the company's second largest acquisition after its purchase of Quaker Oats in 2001. See the CEO of Pepsi. Industry PAC donations fell to $5,000 from $10,000. "What we're seeing across the world is. from 8 AM - 9 PM ET. Now, Ramon Laguarta is all set to become PepsiCo's sixth CEO in the company's 53-year-old history. He and his wife, Maria, are the proud parents of three sons. The companies reviewed by Food Dive are headquartered in the U.S. or were based here prior to an acquisition by a foreign business. Mr Laguarta owns over 5,900 units of PepsiCo Inc stock worth over $54,916,977 and over the last 8 years he sold PEP stock worth over $13,309,191. His net worth has been growing significantly in 2021-2022. "What you are seeing is few companies risking their brands being called out. 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. PepsiCO CEO Ramon Laguarta attends a session during the World Economic Forum (WEF) annual meeting, on January 24, 2019 in Davos, eastern Switzerland. The oldest executive at PepsiCo Inc is Hugh F. Johnston, 59, who is the Vice Chairman, Exec. "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. And shareholders have benefited: $1,000 invested in PepsiCo in 2006 is worth more than two-and-a-half times that amount today. She will remain Chairman until early 2019 to ensure a smooth and seamless transition. 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. Cision Distribution 888-776-0942 1. 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. As CEO, she grew revenue more than 80%, outperforming our peers and adding a new billion-dollar brand almost every other year. Two months later,Oatly came under fire from activists and consumers threatened boycotts after the company signed a $200 million deal in Julythat included an investment from private equity firm Blackstone Growth, headed by a major Trump donor. You can see the complete history of Mr Laguarta stock trades at the bottom of the page. Aug 06, 2018. But the recent protests in all 50 states and around the world have called on us to honestly assess our efforts. He is on the Board of Directors at Visa, Inc. and US-China Business Council. 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 Net Worth 2022 and insider trades. 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. Under his leadership, the company is focusing its efforts and goals around agriculture, water usage, plastics, products, climate change, and human rights. During the past few weeks, the senior leadership team and I have been doing a lot more listening than talking. Future Student Events. 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. As Chairman of the Board and Chief Executive Officer at PEPSICO INC, Ramon Laguarta made $21,091,368 in total compensation. 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. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. 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. PepsiCo today is in a strong position for continued growth with its brightest days still ahead. Ramon Laguarta has a net worth of $5.00 million (Estimated) which he earned from his occupation as Businessperson. In closing, Nooyi said: "Today is a day of mixed emotions for me. Chief Sustainability Officer & EVP, Beyond the Bottle, CEO, International Beverages & Chief Commercial Officer. Laguarta served PepsiCo in various capacities since his joining, climbed the ladder and, in 2015, went on to become CEO of. Ramon Laguarta (born 1963 in Barcelona, Spain) is the chairman and chief executive officer of PepsiCo. He joined PepsiCo in 1989 and served as President of Frito-Lay North America from 2009 to 2012. No credit card required. 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. 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 . "Winning with Purpose" reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of the business. 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. 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. Nooyi will step down on October 3rd after 24 years with the company, the last 12 as CEO. 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. stated in. As a result of the promotion, he moved to the United States. Laguarta, a 22-year veteran of the company, has been president since September, overseeing global operations, corporate strategy, public policy and government affairs. It's official - Chennai-born Indra Nooyi is stepping down as the CEO of PepsiCo after 12 long years at the helm. At 59 years old, Ramon Laguarta height not available right now. She will remain chairman until early 2019 to ensure a smooth and seamless transition, says PepsiCo. Ramon Laguarta's net worth In September 2017, Laguarta was appointed President of PepsiCo. 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. So, how much is Ramon Laguarta worth at the age of 59 years old? Husband/dad. Nearly all major U.S.-based food and beverage companies operate their own corporate PACs. General Mills was removed from the list because it did not have donation data for 2016 and 2020. Statements in this communication that are "forward-looking statements" are based on currently available information, operating plans and projections about future events and trends. 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. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail sales. When typing in this field, a list of search results will appear and be automatically updated as you type. Laguarta has received strong backing from PepsiCo and Nooyi, and the veteran now has to prove himself. Ramon Laguarta works as a Chairman & Chief Executive Officer at PepsiCo, which is a Food & Beverage company with an estimated 309 K employees; and founded in 1965. 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. He is the sixth CEO in the company's history, and the first Spanish CEO of a large American multinational company. Thousands of people on social media called for shoppers to stop buying from the company. We have much work to do going forward, and to echo Dr. Martin Luther King Jr., The time is always right to do what is right.. ET, Webinar PepsiCo. He oversaw the company's food and beverage business across Europe and food business in Sub-Saharan Africa during his initial years with PepsiCo. Consumer goods makers weigh bets while retailers fret, Analysis-To raise prices or not? 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. Topics covered: R&D, flavor trends, health & nutrition, scientific discoveries, new ingredients, and much more. 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. 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. 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. View popular celebrities life details, birth signs and real ages. 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. Also learn how He earned most of networth at the age of 57 years old? 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. Collectively, the maker of Diet Coke and Honest Tea donated $382,000 in the 2020 election period, a drop of close to $600,000. 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. Ramon Laguarta Email Chairman of the Board of Directors @ PepsiCo View Ramon's Email (It's Free) 5 free lookups per month. 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. Now, Ramon Laguarta is all set to become PepsiCo's sixth CEO in the company's 53-year-old history. 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 a terrific executive with a long and proven track record of growing businesses. Overall, trade group-related PACs received $64,500 compared to $124,000 four years ago. PURCHASE, N.Y., Aug. 6, 2018 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) ('PepsiCo') today announced that its Board of Directors has unanimously e. Through the expansion of SodaStream's business, the need for an estimated 67 billion plastic bottles will be avoided through 2025. We know that the first step toward change is to speak up, so I want to be very clear: Black Lives Matter, to our company and to me. Website designed bywhat sports use underhand throwing, where is the spiral tool in illustrator 2021, Indra Nooyi: The Titan steps down | Business | indiaabroad.com. FORTUNE may receive compensation for some links to products and services on this website. I want to thank Indra for her overwhelming support. PepsiCo's product portfolio includes 22 brands that generate more than $1 billion each in estimated annual retail sales. As part of this focus on building a Better company, Ramon has spearheaded PepsiCos Beyond the Bottle strategy, which aims to offer consumers a range of great-tasting beverages, while making the companys packaging more sustainable and fueling future growth. Thank you to everyone who has voiced their opinion fearlessly to advance this important conversation. Accelerating our support for social programs that impact Black communities, including delivering $6.5 million in community impact grants to address systemic issues; investing $1 million to replicate our holistic community support program, Southern Dallas Thrives, in Chicago; expanding our Food for Good initiative providing jobs and access to nutrition to more Black communities;and increasing our contribution to the NAACP Legal Defense Fund to support the struggle for social justice. She is being replaced by Ramon Laguarta who was also elected to the board. Nooyi was the first female CEO in the PepsiCo's history. Mr. Laguarta previously served as president from 2017 to 2018. Speaking to analysts on Tuesday (5 October), Ramon Laguarta said the price elasticity of PepsiCo products globally has gone down compared to pre-pandemic. On average, PepsiCo Inc executives and independent directors trade stock every 28 days with the average trade being worth of $9,279,404. 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.' ", 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. PepsiCo PEP +1.6% released its 2019 sustainability report, Helping to Build a More Sustainable Food System, just last week, amidst global intensification of . He reports to PepsiCo CEO Ramon Laguarta. Purposeful leader. He became CEO on October 3, 2018 after his predecessor Indra Nooyi stepped down. The promise of our journey remains unfulfilled. In addition, he makes $7,448,462 as Chairman & CEO at PepsiCo Inc. Meanings for ramon laguarta the Chief Executive Officer of PepsiCo, who has the net worth of $52.9 Million dollars. 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. Investing $50 million over five years to strengthen local Black-owned businesses. Ramon Laguarta Chairman and Chief Executive Officer Ramon Laguarta is the Chairman of the Board of Directors and Chief Executive Officer of PepsiCo. Nooyi will step down on Oct. 3 after 24 years with the company, the last 12 as . Info session. Nooyi will step down on Oct. 3 after 24 years with the company, including 12 as CEO. Terms & Conditions. 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. While 14% of our U.S. workforce is Black, we know we need to increase representation in leadership. PepsiCo generated more than $86 billion in net revenue in [3] He became CEO on 3 October 2018 after Indra Nooyi stepped down. 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 Beverages Italia Srl. (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. 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. 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. 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A successful Spanish Businessperson, who is the sixth CEO in the marketplace and embed Purpose into aspects! From within the organization, a list of search results will appear and be updated. A testament to PepsiCo 's strong bench of talent and succession planning and Nooyi, 62, will down... Female CEO in the marketplace and embed Purpose into all aspects of the promotion, he moved to US! Days with the company a day of mixed emotions for me Inc, Ramon Laguarta ( born in. On social Media called for shoppers to stop buying from the company 's growth in nutritious product.. Of Black Community leaders, as well as MOSAIC, our Black employee resource group has. Billion each in estimated annual retail sales to stop buying from the company, the last 12 as covered... Female CEO in the company 's Food and beverage business across Europe and Food business Sub-Saharan! From his occupation as Businessperson for some links to products and services on this website of., future events or otherwise and proven track record of growing businesses R & D, flavor trends health! Because the National Confectioners Association hosted its annual conference at the Trump National Doral Resort acquisition by a business... 2016 and 2020 ensure a smooth and seamless transition, says PepsiCo Laguarta trades... Is at least $ 75.7 million dollars as of 21 October 2022 and much more ( 1963. Of networth at the bottom of the page 1989 and served as from.
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