It's official - Chennai-born Indra Nooyi is stepping down as the CEO of PepsiCo after 12 long years at the helm. 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. In an investors call, Ramon Laguarta, PepsiCo chairman and CEO, broke down a few of these changes he expects to stick around. Collectively, the maker of Diet Coke and Honest Tea donated $382,000 in the 2020 election period, a drop of close to $600,000. The estimated Net Worth of Ramon Laguarta is at least $76.1 Million dollars as of 21 October 2022. As Chairman and CEO, he has begun pivoting the company toward accelerated growth, embracing a new corporate missionto Create More Smiles with Every Sip and Every Biteand adopting a new vision that captures PepsiCos competitive spirit, intense focus, and shared values: to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. These conversations were humbling and enlightening. "What we're seeing across the world is. 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. Nooyi will step down on Oct. 3 after 24 years with the company, the last 12 as . While 14% of our U.S. workforce is Black, we know we need to increase representation in leadership. The promise of our journey remains unfulfilled. Laguarta has held a number of executive and general management roles in his 22 years at PepsiCo. He is the sixth CEO in the company's history, and the first Spanish CEO of a large American multinational company. 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 . The parent company of Pepsi, Frito-Lay . Ramon Laguarta's net worth Much of the drop for both parties was tied to sharp declines in donations from Coca-Cola, PepsiCo and AB InBev's U.S. division, Anheuser-Busch. The whole atmosphere has caused people to go underground and not be seen.". PepsiCo today is in a strong position for continued growth with its brightest days still ahead. When it comes topeople, we are focusing on increasing representation; recruitment; and education, internships and apprenticeships. Previously, Laguarta served as Chief Executive Officer, Europe Sub-Saharan Africa, one of PepsiCo's most complex businesses with operations spanning three continents and comprised of developed, developing and emerging markets. Chief Sustainability Officer & EVP, Beyond the Bottle, CEO, International Beverages & Chief Commercial Officer. Maybe it's best to just let this election go," Schaff said. Since 2017 he has been global president of PepsiCo, overseeing operations, strategy, public policy and government affairs. 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. Laguarta, a 22-year veteran of the company, has been president since September, overseeing global operations, corporate strategy, public policy and government affairs. Last updated: 26 January 2023 at 7:06pm EST. PepsiCo CEO Indra Nooyi is stepping down as CEO on Oct. 3, and her No. 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. 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. Overall, trade group-related PACs received $64,500 compared to $124,000 four years ago. A letter I received recently from a longtime PepsiCo associate expressed some of the pain many of our colleagues feel. 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. General Mills was removed from the list because it did not have donation data for 2016 and 2020. Now, Ramon Laguarta is all set to become PepsiCo's sixth CEO in the company's 53-year-old history. Executive Master of Global Management: Space Leadership Info Session. What Now for a Fed That Has Fallen Behind theCurve Again? Laguarta has received strong backing from PepsiCo and Nooyi, and the veteran now has to prove himself. 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.. | 2 p.m. Powered and implemented by Interactive Data Managed Solutions. Company insider Ramon Laguarta will become the next CEO of the beverage and snack giant come October. "Ramon Laguarta's unanimous appointment follows a systematic and thorough succession process by the Board of Directors. 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. 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. Laguarta's appointment marks the company's tradition of appointing CEOs from within the organisation. represents. Learn How rich is He in this year and how He spends money? 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. Ramon Laguarta (born 1963 in Barcelona, Spain) is the chairman and chief executive officer of PepsiCo. Prior to joining the company in 1996, Laguarta worked for confectionary. 04/11/23. In that role, he successfully transformed ESSAs beverage portfolio, developed the companys juice business, and advanced the companys sustainability mission. In 1986 he received a master's in international management from the Thunderbird School of Global Management at Arizona State University. 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. Mr Laguarta owns over 5,900 units of PepsiCo Inc stock worth over $55,336,499 and over the last 8 years he sold PEP stock worth over $13,309,191. Ramon Laguarta has been unanimously elected by the board of directors to succeed @IndraNooyi as CEO, on Oct 3, 2018. He is on the Board of Directors at Visa, Inc. and US-China Business Council. Nooyi will step down on October 3rd after 24 years with the company, the last 12 as CEO. Consumer goods makers weigh bets on buyer strength, PepsiCo Fourth-Quarter Results Beat Street Views; Guides for Higher Fiscal 2023 Earnings, Transcript : PepsiCo, Inc., Q4 2022 Earnings Call, Feb 09, 2023, PepsiCo Receives Price Target Boost to $170 From $165 From RBC After Q3 EPS Beat, 2022 Guidance Boost; Sector Perform Kept. No credit card required. Discover today's celebrity birthdays and explore famous people who share your birthday. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in such forward looking statements. 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. 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. https://t.co/gq2LwrwI0Q pic.twitter.com/39lxlswiTg, "Ramon Laguarta is exactly the right person to build on our success. FOX Business takes a look at Laguarta and his track to the C-Suite. 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. That's why we're honored to join @CirculateCap in combatting further ocean plastic pollution & driving sustainable growth for communities." 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. He has a deep understanding of the changing preferences of consumers and other critical trends unfolding around the world, and he has demonstrated that he knows how to navigate them successfully. Ramon Laguarta (born 1963 [2]) is a Spanish businessman who is the chairman and chief executive officer of PepsiCo. He reports to PepsiCo CEO Ramon Laguarta. On average, Mr trades about 6,216 units every 88 days since 2015. 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%. 2023 Fortune Media IP Limited. Not the Ramon Laguarta you were looking for? 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. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. In 1996, Laguarta joined PepsiCo, marking the start of what would be 22-year-long road to the top of the beverage and snacks giant. ", 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. ", Nooyi continued: "Ramon Laguarta is exactly the right person to build on our success. PepsiCo's best days are still ahead of it.". 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. Laguarta has also led attempts to reduce waste by acquiring SodaStream. Consumer goods makers weigh bets while retailers fret, Analysis-To raise prices or not? Esa es una de las caractersticas de Ramn Laguarta, barcelons de 58 aos, el CEO global de la multinacional PepsiCo.La clase empresarial catalana, ms pendiente siempre de no perder el control de sus negocios medianos que de buscar socios que permitan volar ms alto, mira con envidia a quien prefiere ver el mundo como una gran . PepsiCo. 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. 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. [5][6] RamonL.Laguartais the chairman of the board of directors and chief executive officer of PepsiCo. 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. Laguarta equally represents continuity and the necessary agility for PepsiCo," said Daniel Vasella, Chairman of the Board's Nominating and Corporate Governance Committee. Every Pepsi CEO has . FORTUNE may receive compensation for some links to products and services on this website. Under Ramons leadership, the company is also adopting new leadership behaviors that are focused on driving high performance and building competitive advantage. In September 2017, Laguarta was appointed President of PepsiCo. He and his wife, Maria, are the proud parents of three sons. As a result, it makes more sense for PACs to hold on to their cash. Earlier this summer,Goya was called outwhen its CEO Robert Unanue praised President Donald Trump in a speech at the White House. We will update Ramon Laguarta's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible. Now, all eyes are on PepsiCo veteran and company President, Ramon Laguarta, who is set to take the reins from her. 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. Prior to becoming CEO, Ramon was President of PepsiCo. "I'm incredibly humbled and privileged to be appointed the next CEO of PepsiCo. Laguarta equally represents continuity and the necessary agility for PepsiCo," said Daniel Vasella, Chairman of the Board's Nominating and Corporate Governance Committee. PepsiCo generated more than $86 billion in net revenue in 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 was also elected to the company's Board of Directors, effective October 3rd. Later, he was appointed as the CEO of the company in Europe. 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. During the past few weeks, the senior leadership team and I have been doing a lot more listening than talking. 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. Business Roundtable CEO member, Ramon Laguarta, shares how PepsiCo is helping to #MovetheNeedle by offering vaccine educational programming, onsite vaccinati. With Nooyi's departure, the rest of PepsiCo's senior leadership team will remain unchanged. Laguarta was unanimously voted in as PepsiCos next CEO on August 6, 2018, the same day Indra Nooyi announced she was stepping down. 1 reference. 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. "Laguarta, who was unanimously elected by the board of directors, will take over from Nooyi on October 3," the company said in a statement. todd herman radio host wikipedia. 76.1 Million dollars as of 21 October 2022 chief executive officer of PepsiCo helping to MovetheNeedle... Departure, the last 12 as Mr trades about 6,216 units every 88 days 2015! 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