Ramon Laguarta Chairman & Chief Executive Officer at PepsiCo Published Apr 22, 2021 + Follow The theme of this year's Earth Day is Restore Our Earth. While working in Europe, Laguarta helped lead the acquisition in 2010 of Russian dairy and juice company Wimm-Bill-Dann, a deal valued at $5.4 billion, the company's second largest acquisition after its purchase of Quaker Oats in 2001. It also doesn't create waste and may help fight the climate crisis. Davos 2019 Participant List. "Ramon Laguarta's unanimous appointment follows a systematic and thorough succession process by the Board of Directors. Laguarta equally represents continuity and the necessary agility for PepsiCo," said Daniel Vasella, Chairman of the Board's Nominating and Corporate Governance Committee. Here's all we know about him. 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.. 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. The companies reviewed by Food Dive are headquartered in the U.S. or were based here prior to an acquisition by a foreign business. All Rights Reserved. She spoke of Black Americans struggle with everything from substandard housing, to racial profiling, to underfunded education. "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. [Editors note: PepsiCo promoted Russell to vice president in 1962; he is believed to be the first black officer of a major U.S. multinational corporation. 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. "Winning with Purpose" reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of the business. We still have a way to go, but our journey is gathering speed. Cision Distribution 888-776-0942 The donation numbers for the election four years ago cover the full 24-month period ended Dec.31, 2016. 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 products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. 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. It's harder for the money a PAC donates to a presidential candidate, for example, to be traced to a specific individual. 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. The estimated Net Worth of Ramon Laguarta is at least $76.2 Milion dollars as of 21 October 2022. Ramon Laguarta - Chief Executive Officer, Europe and sub-Saharan Africa - PepsiCo Inc. World Economic Forum Annual Meeting 2019. subject named as. Before joining PepsiCo in 1996, he worked for Chupa Chups, S.A., a Spanish leading confectionery company, where he held a number of international roles in Asia, Europe, the Middle East, and the United States. wow.anonymousId: He and his wife, Maria, are the proud parents of three sons. "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 confidenceI also want to thank Indra for her overwhelming support," said Ramon Laguarta, commenting on his appointment as PepsiCo CEO. "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. Ramon Laguarta Chairman and Chief Executive Officer, PepsiCo, Inc. Ramon Laguarta has served as chief executive officer and director of PepsiCo since October 2018, and assumed the role of chairman of the board in February 2019. Company insider Ramon Laguarta will become the next CEO of the beverage and snack giant come October. stated in. 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. Guided by our philosophy of Performance with Purposedelivering sustained performance while making more nutritious products, limiting our environmental footprint and lifting up all the communities we servewe've made a more meaningful impact in people's lives than I ever dreamed possible. 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. [4] He is the sixth CEO in the company's history and the first Spanish CEO of a large American multinational company. On average, PepsiCo Inc executives and independent directors trade stock every 28 days with the average trade being worth of $9,279,404. 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. PepsiCo's best days are still ahead of it.". "I'm incredibly humbled and privileged to be appointed the next CEO 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. 2, Ramn Laguarta, will be stepping into her shoes, the company said on Monday. Linked companies : Visa Inc. - PepsiCo, Inc. "Growing up in India, I never imagined I'd have the opportunity to lead such an extraordinary company. Ramon's mailing address filed with the SEC is C/O VISA INC., PO BOX 8999, SAN FRANCISCO, CA, 94128-8999. 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. He is on the Board of Directors at Visa, Inc. and US-China Business Council. Overall, trade group-related PACs received $64,500 compared to $124,000 four years ago. Prior to serving as CEO of ESSA, Ramon held a variety of positions of increasing responsibility in Europe, including leading the acquisition and successful integration of the companys dairy business in Russia. encouraging friends, colleagues and family members to donate to PACs that have different reporting periods. ", Nooyi continued: "Ramon Laguarta is exactly the right person to build on our success. Purposeful leader. 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. Ramon Laguartas income source is mostly from being a successful . 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 Net Worth 2022 and insider trades. 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. 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. 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. Political groups representing the United States' largest food and beverage companies are donating far less money during the current election cycle to Republican and Democrats, while also curtailing how much they give to industry trade organizations that lobby on their behalf, according to data compiled by the Center for Responsive Politics. . All rights reserved. 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. After her 12-year stint as the CEO of PepsiCo, Indra Nooyi will pave the way for Ramon Laguarta to be the top boss of the American multinational food, snack, and beverage corporation. 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. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. 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. 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. Her leadership skills, strategic acumen, dedication and integrity have been critical to the sustained success of the corporation and the development of top talent.". Indra Nooyi: The Titan steps down | Business | indiaabroad.com . During the past few weeks, the senior leadership team and I have been doing a lot more listening than talking. "Our PAC is not a 'majority'PAC so we strive to give in parity, particularly to party committees.. 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. This information is according to proxy statements filed for the . Juda Engelmayer, president of HeraldPR who has clients in the food, entertainment and hospitality sectors, said companies that traditionally have given money to political candidates in the past have either not been doing it or are finding other ways to contribute,such as encouraging friends, colleagues and family members to donate to PACs that have different reporting periods. He oversaw PepsiCo's Global Category Groups, its Global Operations, Corporate Strategy, and Public Policy & Government Affairs functions. Later, he was appointed as the CEO of the company in Europe. / ramon laguarta political party. 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