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. Ramon Laguarta, born in Barcelona, Spain is the Chairman and CEO (Chief Executive Officer) of PepsiCo. 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. PepsiCo, Inc announced that the Board of Directors has unanimously elected Ramon Laguarta, 54, to succeed Nooyi, 62. 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. He also holds a master's degree in International Management from the Thunderbird School of Global Management in the US. Search Others Named Ramon Laguarta "If anything, you're to be very conservative in a nonpolitical sense, conservative with your money and there is no reason to get involved in this or that particular dogfight as we've gotten more partisan and things have gotten quite bitter. He is seen as one of the most successful Businessperson of all times. 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. On August 6, 2018 PepsiCo announced that Ramon Laguarta will become its sixth CEO in its 53-year history. Russia-Ukraine crisis: Coca-Cola, PepsiCo suspend business in Russia, Avast shutting down company that sold user data without permission, Who is Arvind Krishna? 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. During the past few weeks, the senior leadership team and I have been doing a lot more listening than talking. 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. Corporate PACs could instead decide to shift their donations to industry groups that could use the money to support candidates or lobby for issues on their behalf, such as trade and tariffs. 2, Ramn Laguarta, will be stepping into her shoes, the company said on Monday. He is on the Board of Directors at Visa, Inc. and US-China Business Council. Under Nooyi, PepsiCo saw strong growth with its net revenue growing from $35bn in 2006 to. India-origin Indra Nooyi will step down as the Chief Executive Officer of PepsiCo. The estimated Net Worth of Ramon Laguarta is at least $76.2 Milion dollars as of 21 October 2022. News stories and articles referencing Ramon Laguarta on New Food Magazine. todd herman radio host wikipedia. 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. For executives, this could be a more attractive way to donate money to a political cause or candidate because the money gets pooled together with other donations, political analysts said. Here's all we know about him. PepsiCo today is in a strong position for continued growth with its brightest days still ahead. 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. Learn How rich is He in this year and how He spends money? Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in such forward looking statements. from 8 AM - 9 PM ET. Thousands of people on social media called for shoppers to stop buying from the company. 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. Political analysts said corporations increasingly are susceptible to blowback from consumers on Twitter, Facebook and other social media platforms. Prior to becoming CEO, Ramon was President of PepsiCo. 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. [4] He is the sixth CEO in the company's history and the first Spanish CEO of a large American multinational company. "What you are seeing is few companies risking their brands being called out,"Engelmayer said. The parent company of Pepsi, Frito-Lay . Statements in this communication that are "forward-looking statements" are based on currently available information, operating plans and projections about future events and trends. 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. He oversaw PepsiCo's Global Category Groups, its Global Operations, Corporate Strategy, and Public Policy & Government Affairs functions. He is currently single. 04/11/23. 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. 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'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. "Winning with Purpose" reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of the business. Hear the latest economic, business and market news, as well as global, national, and local news. 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.. Purposeful leader. PepsiCo PEP +1.6% released its 2019 sustainability report, Helping to Build a More Sustainable Food System, just last week, amidst global intensification of . 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. I met with several different groups of Black community leaders, as well as MOSAIC, our Black employee resource group. Topics covered: manufacturing, packaging, new products, R&D, and much more. "There are a lot of people more than you know that are very,very anxious about that.". 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. PepsiCo, Inc. today announced that its Board of Directors has unanimously elected Ramon Laguarta, 54, to succeed Indra K. Nooyi, 62, as Chief Executive Officer. Laguarta graduated with bachelor's and master's degrees in business administration from ESADE Business School in Barcelona in 1985. All rights reserved. She will remain as chairman until early 2019. Meanings for ramon laguarta the Chief Executive Officer of PepsiCo, who has the net worth of $52.9 Million dollars. 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. Ramon Laguarta Chairman and Chief Executive Officer Ramon Laguarta is the Chairman of the Board of Directors and Chief Executive Officer of PepsiCo. Laguarta has held a number of executive and general management roles in his 22 years at PepsiCo. 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. 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. 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. "The more a corporation can distance itself from its donations, the safer they are in the current divisive atmosphere.". "What you are seeing is few companies risking their brands being called out. 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 . 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 . after Executive Chairman Howard Lorber held a fundraiser for the president. 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. This is true both in companies and the larger society. In closing, Nooyi said: "Today is a day of mixed emotions for me. Indeed, if one looks at her contributions, Laguarta has big shoes to fill. 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. In that role, he successfully transformed ESSAs beverage portfolio, developed the companys juice business, and advanced the companys sustainability mission. When it comes topeople, we are focusing on increasing representation; recruitment; and education, internships and apprenticeships. But the recent protests in all 50 states and around the world have called on us to honestly assess our efforts. 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. Biography of Ramon Luis Laguarta. Ramon Laguarta. Reports say October 3 would be her last working day. Ramon Laguarta Email Chairman of the Board of Directors @ PepsiCo View Ramon's Email (It's Free) 5 free lookups per month. Location Harrison, NY, US Work Chairman of the Board of Directors @ PepsiCo Chief Executive Officer, Chairman of the Board of Directors @ PepsiCo Chairman & Chief Executive Officer @ PepsiCo see more Under Ramons leadership, the company is also adopting new leadership behaviors that are focused on driving high performance and building competitive advantage. While 14% of our U.S. workforce is Black, we know we need to increase representation in leadership. Ramon Laguarta (born 1963 in Barcelona, Spain) is the chairman and chief executive officer of PepsiCo. Ramon Laguarta Net worth: $7.5 Million US Dollars His career started by working in the Spanish leading confectionary shop named "Chupa Chups". I came away from themmore conscious of the insidious nature of systemic racism andeven more committed to using PepsiCos resources for good. Terms & Conditions. Through the expansion of SodaStream's business, the need for an estimated 67 billion plastic bottles will be avoided through 2025. 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. 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. 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. For more information, visit www.pepsico.com. 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. Before joining PepsiCo he worked at Chupa Chups, a candy company based in Spain known for its lollipops. Offers may be subject to change without notice. In an investors call, Ramon Laguarta, PepsiCo chairman and CEO, broke down a few of these changes he expects to stick around. 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. She will remain as chairman until early 2019. If you need more lookups, subscriptions start at $39 USD/month. Nooyi will step down on October 3rd after 24 years with the company, the last 12 as CEO. ramon laguarta political party. Ramon Laguarta Net Worth & Basic source of earning is being a successful Spanish Businessperson. 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. 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. . Now, all eyes are on PepsiCo veteran and company President, Ramon Laguarta, who is set to take the reins from her. ", Copyright2023 Living Media India Limited. In an interview . ", Get the free daily newsletter read by industry experts. Linked companies : Visa Inc. - PepsiCo, Inc. 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. 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 . Most recently he sold 5,900 units of PEP stock worth $1,021,231 on 21 October 2022. He became CEO on October 3, 2018 after his predecessor Indra Nooyi stepped down. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. As we continue our journey, we are going to keep listeningto leaders, communities, and all of our associatesand we will work to do the right thing. 2023 Fortune Media IP Limited. 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. Future Student Events. According to our Database, He has no children. Industry PAC donations fell to $5,000 from $10,000. He is a terrific executive with a long and proven track record of growing businesses. 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 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. Find contact details for 700 million professionals. With Nooyi's departure, the rest of PepsiCo's senior leadership team will remain unchanged. Ramon Laguarta - Chief Executive Officer, Europe and sub-Saharan Africa - PepsiCo Inc. World Economic Forum Annual Meeting 2019. subject named as. Ramon Laguarta has been unanimously elected by the board of directors to succeed @IndraNooyi as CEO, on Oct 3, 2018. She will remain Chairman until early 2019 to ensure a smooth and seamless transition. "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 believe that continuously improving the products we sell, operating responsibly to protect our planet and empowering people around the world enable PepsiCo to run a successful global company that creates long-term value for society and our shareholders. 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. 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. Let Food Dive's free newsletter keep you informed, straight from your inbox. 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The struggle for equality exists in many forms around the world, from religious freedom, to gender equality, indigenous peoples rights, LGBTQ+ rights, Latino rights in the U.S., and other racial and ethnic discrimination. That means broadly increasing our efforts to create opportunity and advance economic empowerment for Black Americans, starting by: The bottom line: This moment calls for big, structural changes, and were committed to being agents of that progress. Business Roundtable CEO member, Ramon Laguarta, shares how PepsiCo is helping to #MovetheNeedle by offering vaccine educational programming, onsite vaccinati. 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. 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. 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