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. ET, Webinar Ramon Laguarta, born in Barcelona, Spain is the Chairman and CEO (Chief Executive Officer) of PepsiCo. 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. 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. He oversaw the company's food and beverage business across Europe and food business in Sub-Saharan Africa during his initial years with PepsiCo. Believer in simplicity, accountability, executional excellence. She will remain Chairman until early 2019 to ensure a smooth and seamless transition. He joined PepsiCo in 1989 and served as President of Frito-Lay North America from 2009 to 2012. Mr. Laguarta was previously employed as a Chairman by Wimm-Bill-Dann Foods OJSC and a Chief Executive Officer by PepsiCo Europe. Ramon Laguarta Net Worth 2022 and insider trades. FOX Business takes a look at Laguarta and his track to the C-Suite. 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. 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. 12:00 pm - 1:00 pm. We have estimated Analysts suggest Laguarta's major challenge will be to drive the company's growth in nutritious product segment. 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. In an investors call, Ramon Laguarta, PepsiCo chairman and CEO, broke down a few of these changes he expects to stick around. 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. PepsiCo's best days are still ahead of it.". Ramon Laguarta is the Chief Executive Officer of PepsiCo. 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. That means dramatically rethinking our approach to talent, starting by: When it comes tobusiness, we will leverage our scale and influence across our suppliers, marketing agency partners, and customer base to increase representation and strengthen Black-owned businesses. 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.". Laguarta equally represents continuity and the necessary agility for PepsiCo," said Daniel Vasella, Chairman of the Board's Nominating and Corporate Governance Committee. Prior to becoming CEO, Ramon was President of PepsiCo. 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. 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.. 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 (born 1963 in Barcelona, Spain) is the chairman and chief executive officer of PepsiCo. 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. "You want to continue being a big strong company making money for your shareholders, your employees and bring good products to the market. Since September 2017, Laguarta has served as President of PepsiCo, overseeing global operations, corporate strategy, public policy and government affairs. [5] [6] Education [ edit] 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. This information is according to proxy statements filed for the . Nooyi will step down on October 3rd after 24 years with the company, the last 12 as CEO. "Growing up in India, I never imagined I'd have the opportunity to lead such an extraordinary company. General Mills was removed from the list because it did not have donation data for 2016 and 2020. 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. Through the expansion of SodaStream's business, the need for an estimated 67 billion plastic bottles will be avoided through 2025. 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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. / ramon laguarta political party. With Nooyi's departure, the rest of PepsiCo's senior leadership team will remain unchanged. Purposeful leader. I look forward to working more closely with all of you in the months and years ahead, and to continue growing this special company long into the future.". The most active insiders traders include Ian M Cook, Indra K Nooyi, and Michael D White. I hear you loud and clear and, as CEO, I aspire to ensure that all associates are proud to work at 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. In September 2017, Laguarta was appointed President of PepsiCo. Husband/dad. from 8 AM - 9 PM ET. 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. Ramon Laguarta (born 1963 [2]) is a Spanish businessman who is the chairman and chief executive officer of PepsiCo. Find contact details for 700 million professionals. The parent company of Pepsi, Frito-Lay . 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. 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. 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. Also learn how He earned most of networth at the age of 57 years old? He received his graduate degree from Thunderbird School of Global Management and an MBA from Escuela Superior de Administracin y Direccin de Empresas. Ramn Laguarta, el otro espaol en el Foro de Davos, y su mujer independentista El presidente de PepsiCo tendr dos intervenciones en el Foro Econmico Mundial, al que tambin va Pedro Snchez. ", Nooyi continued: "Ramon Laguarta is exactly the right person to build on our success. Companies may be sitting out of the heated political climate as donations across the board dropped this year, with Democrats receiving 30% less and the GOP and trade group PACs seeing a 50% drop. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. "Thanks to her leadership, PepsiCo is well positioned for ongoing success as Ramon assumes this new role. 1. [4] He is the sixth CEO in the company's history and the first Spanish CEO of a large American multinational company. Like all the past CEO's Ramon Laguarta also comes from within the organisation. Aryna Sabalenka faces maiden defeat in 2023: Decoding her stats, BS6 Phase 2 in India: RDE, OBD 2 norms explained, Sensex slips 141 points, Nifty ends below 17,500 mark, SC junks menstrual leave PIL, says could discourage women's hiring. Even though I wasnt born in the United States,I am passionate about this issue. 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. "What we're seeing across the world is. Ramon Laguarta Phone Number Found 6 phone numbers: View Ramon's Email & Phone (It's Free) 5 free lookups per month. Chief Sustainability Officer & EVP, Beyond the Bottle, CEO, International Beverages & Chief Commercial Officer. The donation numbers for the election four years ago cover the full 24-month period ended Dec.31, 2016. Laguarta has received strong backing from PepsiCo and Nooyi, and the veteran now has to prove himself. Laguarta will become the sixth CEO in PepsiCo's 53-year history. 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. 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. In addition, he makes $7,448,462 as Chairman & CEO at PepsiCo Inc. Last updated: 26 January 2023 at 7:06pm EST. The 54-year executive has so far spent 22 years with PepsiCo and has worked in different executive and general management roles. "What you are seeing is few companies risking their brands being called out. , money, salary, income, and assets. 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. The promise of our journey remains unfulfilled. 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. As CEO, she grew revenue more than 80%, outperforming our peers and adding a new billion-dollar brand almost every other year. As Chairman of the Board and Chief Executive Officer at PEPSICO INC, Ramon Laguarta made $21,091,368 in total compensation. His net worth has been growing significantly in 2021-2022. At 59 years old, Ramon Laguarta height not available right now. Under Ramons leadership, the company is also adopting new leadership behaviors that are focused on driving high performance and building competitive advantage. Before joining PepsiCo he worked at Chupa Chups, a candy company based in Spain known for its lollipops. PepsiCO CEO Ramon Laguarta attends a session during the World Economic Forum (WEF) annual meeting, on January 24, 2019 in Davos, eastern Switzerland. when its CEO Robert Unanue praised President Donald Trump in a speech at the White House. Business Roundtable member company PepsiCo is committed to a sustainable future. Laguarta's appointment marks the company's tradition of appointing CEOs from within the organisation. "Our PAC is not a 'majority'PAC so we strive to give in parity, particularly to party committees.. Under Nooyi's leadership, PepsiCo has delivered strong results: "Leading PepsiCo has truly been the honor of my lifetime, and I'm incredibly proud of all we have done over the past 12 years to advance the interests not only of shareholders, but all our stakeholders in the communities we serve," said Nooyi. 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. FORTUNE may receive compensation for some links to products and services on this website. Watch today's #SustainabilitySpotlight with PepsiCo Chairman & CEO Ramon Lag. Ceo Robert Unanue praised President Donald Trump in a speech at the of! 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