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. When typing in this field, a list of search results will appear and be automatically updated as you type. He is the sixth CEO in the company's history, and the first Spanish CEO of a large American multinational company. Meet Ramon Laguarta, PepsiCo's Next CEO Who Will Replace Indra Nooyi . 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.". PepsiCo Inc.'s board of directors has unanimously elected the company's CEO, Ramon Laguarta, as its chairman, succeeding Indra K. Nooyi who revealed in August 2018 that she would step down as PepsiCo CEO effective Oct. 3, 2018, but would remain chairman until early 2019 to ensure a smooth transition. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. 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. 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. 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. 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. 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. 2, Ramn Laguarta, will be stepping into her shoes, the company said on Monday. The AB-PAC supports elected officials and candidates for office whose policy positions and objectives support our companys license to operate.". 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. Political analysts said corporations increasingly are susceptible to blowback from consumers on Twitter, Facebook and other social media platforms. 1 reference. News stories and articles referencing Ramon Laguarta on New Food Magazine. Before joining PepsiCo he worked at Chupa Chups, a candy company based in Spain known for its lollipops. 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. His appointment will become effective October 3, 2018. todd herman radio host wikipedia. Ramon Laguarta has a net worth of $5.00 million (Estimated) which he earned from his occupation as Businessperson. 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. Ramon Laguarta Chairman and Chief Executive Officer, PepsiCo MBA, ESADE Business School, Spain; Master's in International Management, Thunderbird School of Global Management. Over the last 18 years, insiders at PepsiCo Inc have traded over $183,232,682 worth of PepsiCo Inc stock and bought 2,191 units worth $150,735 She will remain chairman until early 2019 to ensure a smooth and seamless transition, says PepsiCo. He is from Spain. PepsiCo's best days are still ahead of it.". Activating associates to help drive ongoing change in our organization, with a focus on internal mentoring, coaching, and continuous developmentwe know that many of you want to get involved, and we will need your support to see our journey through. Laguarta has also led attempts to reduce waste by acquiring SodaStream. Analysts suggest Laguarta's major challenge will be to drive the company's growth in nutritious product segment. Born in Barcelona, Ramon Laguarta holds a MBA from the ESADE Business School in Spain, and a Master's in International Management from the Thunderbird School of Global Management in the US. She will remain as chairman until early 2019. Let Food Dive's free newsletter keep you informed, straight from your inbox. PepsiCo Inc.'s board of directors has unanimously elected Ramon Laguarta, 54, to succeed Indra Nooyi, 62, as CEO. from 8 AM - 9 PM ET. He became CEO on October 3, 2018 after his predecessor Indra Nooyi stepped down. | 2 p.m. "I'd rather do it quietly because I don't need to be beaten up for it," Engelmayer said of these companies. All Rights Reserved. The estimated Net Worth of Ramon Laguarta is at least $76.2 Milion dollars as of 21 October 2022. [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. As a result, it makes more sense for PACs to hold on to their cash. Executives hesitant to put themselves out there publicly also could have a family member donate on their behalf, and while it's not impossible to tie the donation to that individual, it takes more time and political savvy by the prospective sleuth to dig up the information. He became CEO on October 3, 2018 after his predecessor Indra Nooyi stepped down. In 1986 he received a master's in international management from the Thunderbird School of Global Management at Arizona State University. Ramon Luis Laguarta is the Chairman & CEO at PepsiCo Inc. As the Chairman & CEO of PepsiCo Inc, the total compensation of Mr Laguarta at PepsiCo Inc is $7,448,462. Investing $5 million to launch a Community Leader Fellowship program for Black nonprofit CEOs. 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 also holds a master's degree in International Management from the Thunderbird School of Global Management in the US. after Executive Chairman Howard Lorber held a fundraiser for the president. 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. 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. Ramon Laguarta Net worth: $7.5 Million US Dollars His career started by working in the Spanish leading confectionary shop named "Chupa Chups". ], Weve also been longtime contributors to the NAACP Legal Defense Fund and will continue to support their work for social justice. PepsiCo CEO Indra Nooyi is stepping down as CEO on Oct. 3, and her No. "What we're seeing across the world is. 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. If you need more lookups, subscriptions start at $39 USD/month. Now, all eyes are on PepsiCo veteran and company President, Ramon Laguarta, who is set to take the reins from her. wow.anonymousId: During the past few weeks, the senior leadership team and I have been doing a lot more listening than talking. 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 graduated with bachelor's and master's degrees in business administration from ESADE Business School in Barcelona in 1985. Laguarta, a 22-year veteran of the company, has been president since September, overseeing global operations, corporate strategy, public policy and government affairs. Believer in simplicity, accountability, executional excellence. "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. 20. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Prior to that, he served as President, PepsiCo Eastern Europe region and served in a variety of sales, marketing and other commercial roles across Europe. Also learn how He earned most of networth at the age of 57 years old? Mr. Laguarta previously served as president from 2017 to 2018. [3] He became CEO on 3 October 2018 after Indra Nooyi stepped down. That's why we're honored to join @CirculateCap in combatting further ocean plastic pollution & driving sustainable growth for communities." Pepsico CEO Ramon Laguarta joins 'Closing Bell' to talk about the brands resiliency despite tightened economic conditions, beverage brands benefiting from consumers spending more time at home. PepsiCo's product portfolio includes 22 brands that generate more than $1 billion each in estimated annual retail sales. PepsiCo generated more than $86 billion in net revenue in On average, PepsiCo Inc executives and independent directors trade stock every 28 days with the average trade being worth of $9,279,404. While 14% of our U.S. workforce is Black, we know we need to increase representation in leadership. They are part of the Executive team within the C-Suite Department and their management level is C-Level. No credit card required. Discover today's celebrity birthdays and explore famous people who share your birthday. Aug 06, 2018. 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. 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, who hails from Barcelona in Spain, was appointed the CEO of PepsiCo Europe in 2014. 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