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. 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. As of 21 October 2022 he still owns at least 310,757 units of PepsiCo Inc stock. In addition, he makes $7,448,462 as Chairman & CEO at PepsiCo Inc. Mr has made over 13 trades of the PepsiCo Inc stock since 2015, according to the Form 4 filled with the SEC. "Ramon Laguarta's unanimous appointment follows a systematic and thorough succession process by the Board of Directors. 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. 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. As CEO, she grew revenue more than 80%, outperforming our peers and adding a new billion-dollar brand almost every other year. 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. Ramon, a 23-year PepsiCo veteran, has served as CEO since October 3, 2018, and Chairman of the Board since February 1, 2019. 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. PepsiCo's best days are still ahead of it.". 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. LinkedIn has officially entered its cringe era, and its working. Nooyi, 62, will step down on October 3 after 24 years with the company. Reports say October 3 would be her last working day. 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. Anheuser-Busch, one of the biggest overall donors to PACs and lawmakers among food and beverage companies, along with Coca-Cola, sharply cut contributions from its PAC to Democrats by nearly $100,000 to $305,000, while Republicans received 55% less at $249,500 versus 2016. 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. 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. The estimated Net Worth of Ramon Laguarta is at least $76.1 Million dollars as of 21 October 2022. 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 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 is the sixth CEO in the company's history, and the first Spanish CEO of a large American multinational company. Ramon Luis 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. 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. There are no executives at PepsiCo Inc getting paid more. 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. 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. Investing $50 million over five years to strengthen local Black-owned businesses. Speaking on behalf of PepsiCo's Board of Directors, presiding director Ian Cook said: "As Chairman and CEO, Indra has provided outstanding leadership over the past 12 years, serving as a model both within our industry and beyond for responsible corporate stewardship in the 21st century. represents. 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. todd herman radio host wikipedia. 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. Ramon Laguarta Chairman and Chief Executive Officer, PepsiCo MBA, ESADE Business School, Spain; Master's in International Management, Thunderbird School of Global Management. 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. Thousands of people on social media called for shoppers to stop buying from the company. With potential criticism ever-present, CEOs at major food companies appear to have largely eschewed donations to presidential candidates. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 23 brands that generate more than $1 billion each in estimated annual retail sales. PepsiCo, Inc announced that the Board of Directors has unanimously elected Ramon Laguarta, 54, to succeed Nooyi, 62. We still have a way to go, but our journey is gathering speed. 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 Laguarta is the Chairman of the Board of Directors and Chief Executive Officer of PepsiCo. 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 Coca-Cola directed inquiries about its contributions to its website where it noted that donations to candidates and trade groups are two of the ways they engage in political issues. Under Nooyi, PepsiCo saw strong growth with its net revenue growing from $35bn in 2006 to. PepsiCo says its first Tesla Semi trucks are coming this What Happened To Frito Lay Bbq Sunflower Seeds. 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. Ramon, a 22-year PepsiCo veteran, has served as President of PepsiCo since September 2017 with responsibility for shaping the company's corporate strategy, working . Nearly all major U.S.-based food and beverage companies operate their own corporate PACs. object stated in reference as. Through the expansion of SodaStream's business, the need for an estimated 67 billion plastic bottles will be avoided through 2025. 1. 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%. These conversations were humbling and enlightening. Ramon Laguarta Chairman and Chief Executive Officer Ramon Laguarta is the Chairman of the Board of Directors and Chief Executive Officer of PepsiCo. That means step changes in our spending and approach to partnerships, starting by: When it comes to our communities, were working to drive long-term change by addressing systemic barriers to economic opportunity, investing an incremental $20 million over five years. 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He is on the Board of Directors at Visa, Inc. and US-China Business Council. 12:00 pm - 1:00 pm. 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. 380 talking about this. 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. "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. When it comes topeople, we are focusing on increasing representation; recruitment; and education, internships and apprenticeships. Chief Sustainability Officer & EVP, Beyond the Bottle, CEO, International Beverages & Chief Commercial Officer. Company insider Ramon Laguarta will become the next CEO of the beverage and snack giant come October. He keenly understands the evolving needs of consumers and customers and the trends affecting our business in markets around the world. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. E-commerce Perhaps unsurprisingly, e-commerce as a preferred way of shopping topped the list of pandemic-prompted changes that the exec expects as a permanent trend. Laguarta was unanimously voted in as PepsiCos next CEO on August 6, 2018, the same day Indra Nooyi announced she was stepping down. It's official - Chennai-born Indra Nooyi is stepping down as the CEO of PepsiCo after 12 long years at the helm. Cision Distribution 888-776-0942 Now, Ramon Laguarta is all set to become PepsiCo's sixth CEO in the company's 53-year-old history. 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 . Recommended [NEW EVENT] Food Genomics Summit 2023 - Register Now! That's why we're honored to join @CirculateCap in combatting further ocean plastic pollution & driving sustainable growth for communities." 04/11/23. Speaking to analysts on Tuesday (5 October), Ramon Laguarta said the price elasticity of PepsiCo products globally has gone down compared to pre-pandemic. We will update Ramon Laguarta's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. In September 2017, Laguarta was appointed President of PepsiCo. Watch today's #SustainabilitySpotlight with PepsiCo Chairman & CEO Ramon Lag. 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