He is a member of famous with the age 59 years old group. Before joining PepsiCo in 1996, he worked for Chupa Chups, a Spanish leading confectionery company, where he held a number of international roles in Europe and the US. Investing $5 million to launch a Community Leader Fellowship program for Black nonprofit CEOs. | 2 p.m. The AB-PAC supports elected officials and candidates for office whose policy positions and objectives support our companys license to operate.". Growing up in Spain, my parents raised me to believe that all people are equal, that diversity is a reflection of our common humanity. CEO & Chairman of PepsiCo. In an interview . 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. That means step changes in our spending and approach to partnerships, starting by: When it comes to our communities, were working to drive long-term change by addressing systemic barriers to economic opportunity, investing an incremental $20 million over five years. Ramon Laguarta (born 1963 [2]) is a Spanish businessman who is the chairman and chief executive officer of PepsiCo. The companies reviewed by Food Dive are headquartered in the U.S. or were based here prior to an acquisition by a foreign business. Husband/dad. 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. Explaining the weird situation, Who is Ajay Banga, US nominee for World Bank president, Florida: Gunman returns to crime scene; kills TV reporter, child, US: Seattle becomes first city to ban caste discrimination. 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. 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. Injustice and inequality are problems for us all, and we all must do our part to defeat them. He is on the Board of Directors at Visa, Inc. and US-China Business Council. 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. [4] He is the sixth CEO in the company's history and the first Spanish CEO of a large American multinational company. 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. 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. [3] He became CEO on 3 October 2018 after Indra Nooyi stepped down. He is currently single. In 1986 he received a master's in international management from the Thunderbird School of Global Management at Arizona State University. As a result of the promotion, he moved to the United States. 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. 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. 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. Ramon Laguarta's net worth Ramon Laguarta Chairman and Chief Executive Officer Ramon Laguarta is the Chairman of the Board of Directors and Chief Executive Officer of PepsiCo. As of 21 October 2022 he still owns at least 310,757 units of PepsiCo Inc stock. 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. 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She will remain as chairman until early 2019. Ramon Laguarta Net worth: $7.5 Million US Dollars His career started by working in the Spanish leading confectionary shop named "Chupa Chups". Guiding PepsiCo is our vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. This article is more than 2 years old. Mr. Laguarta previously served as president from 2017 to 2018. 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.. 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. Continuing to report to Laguarta will be Jim Andrew, Executive Vice President, Chief Strategy and Transformation Officer; Grace Puma, Executive Vice President, Global Operations; and Eugene Willemsen, Executive Vice President, Global Categories & Franchise Management. Laguarta has received strong backing from PepsiCo and Nooyi, and the veteran now has to prove himself. There are no executives at PepsiCo Inc getting paid more. . 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. In 2018,Nathan's Famous was threatened with a boycottafter Executive Chairman Howard Lorber held a fundraiser for the president. From 2012 to 2017 he served as Chief Executive Officer of Europe Sub-Saharan Africa (ESSA) and President of Quaker Foods North America. We will provide grants to participants organizations, executive education, and connections to PepsiCo leaders and partners. Laguarta will become the sixth CEO in PepsiCo's 53-year history. The companies reviewed by Food Dive are headquartered in the U.S. or were based here prior to an acquisition by a foreign business. 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. 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. The parent company of Pepsi, Frito-Lay . "Laguarta, who was unanimously elected by the board of directors, will take over from Nooyi on October 3," the company said in a statement. [4] He is the sixth CEO in the company's history and the first Spanish CEO of a large American multinational company. 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 whole atmosphere has caused people to go underground and not be seen.". 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 . 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. As CEO, she grew revenue more than 80%, outperforming our peers and adding a new billion-dollar brand almost every other year. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. The oldest executive at PepsiCo Inc is Hugh F. Johnston, 59, who is the Vice Chairman, Exec. 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. "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. Winning with Purpose reflects PepsiCos ambition to win sustainably in the marketplace and embed purpose into all aspects of its business. He joined PepsiCo in 1989 and served as President of Frito-Lay North America from 2009 to 2012. FOX Business takes a look at Laguarta and his track to the C-Suite. You don't want to be bogged down with the outside nonsense," said Jon Schaff, a professor of political science at Northern State University in Aberdeen, South Dakota. Webinar 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. object stated in reference as. Ramon Laguarta is the Chief Executive Officer of PepsiCo. 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. On average, Mr trades about 6,216 units every 88 days since 2015. "I also want to thank Indra for her overwhelming support. 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. The 62-year-old has in total spend about 24 years with the company. PepsiCo (NASDAQ:PEP) CEO Ramon Laguarta is brushing aside economists' predictions of a coming global recession and voiced his optimism for the next 12 months. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices "She has delivered strong and consistent financial performance, managing with an eye toward not only the short-run, but the long-run as well. "The whole atmosphere has caused people to go underground and not be seen. View popular celebrities life details, birth signs and real ages. 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. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in such forward looking statements. And shareholders have benefited: $1,000 invested in PepsiCo in 2006 is worth more than two-and-a-half times that amount today. Ramon Laguarta Chairman and Chief Executive Officer, PepsiCo MBA, ESADE Business School, Spain; Master's in International Management, Thunderbird School of Global Management. Laguarta served PepsiCo in various capacities since his joining, climbed the ladder and, in 2015, went on to become CEO of. Nooyi was the first female CEO in the PepsiCo's history. In 1996, Ramon joined the PepsiCo and initially managed the company's business in Europe & USA. 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He received his graduate degree from Thunderbird School of Global Management and an MBA from Escuela Superior de Administracin y Direccin de Empresas. Ramon Laguarta is the Chairman of the Board of Directors and Chief Executive Officer of PepsiCo. No credit card required. Ramon Laguarta was born on 1963 in Barcelona, Spain. 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. ", Copyright2023 Living Media India Limited. Quality Accessories for Mustang, Dodge, Chrysler and Jeep Made in the USA PepsiCo Inc. 's board of directors has unanimously elected Ramon Laguarta, 54, to succeed Indra K. Nooyi, 62, as the company's CEO. 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. "Ramon Laguarta's unanimous appointment follows a systematic and thorough succession process by the Board of Directors. 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. 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