PepsiCo PEP +1.6% released its 2019 sustainability report, Helping to Build a More Sustainable Food System, just last week, amidst global intensification of . Load more. 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. Topics covered: R&D, flavor trends, health & nutrition, scientific discoveries, new ingredients, and much more. 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. [3] He became CEO on 3 October 2018 after Indra Nooyi stepped down. You can see the complete history of Mr Laguarta stock trades at the bottom of the page. PepsiCo generated more than $86 billion in net revenue in 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. The oldest executive at PepsiCo Inc is Hugh F. Johnston, 59, who is the Vice Chairman, Exec. Future Student Events. FORTUNE may receive compensation for some links to products and services on this website. [4] He is the sixth CEO in the company's history and the first Spanish CEO of a large American multinational company. ], Weve also been longtime contributors to the NAACP Legal Defense Fund and will continue to support their work for social justice. News stories and articles referencing Ramon Laguarta on New Food Magazine. Under Nooyi, PepsiCo saw strong growth with its net revenue growing from $35bn in 2006 to $63.5bn in 2017, and with dividend per share almost tripling in value. Most recently he sold 5,900 units of PEP stock worth $1,021,231 on 21 October 2022. Maybe it's best to just let this election go," Schaff said. Discover Ramon Laguarta's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Mr Laguarta owns over 5,900 units of PepsiCo Inc stock worth over $55,485,662 and over the last 8 years he sold PEP stock worth over $13,309,191. "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. Search Others Named Ramon Laguarta Corporate PACs could instead decide to shift their donations to industry groups that could use the money to support candidates or lobby for issues on their behalf, such as trade and tariffs. 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. While 14% of our U.S. workforce is Black, we know we need to increase representation in leadership. Who is Laxman Narasimhan, the new Starbucks CEO? In an interview . He joined PepsiCo in 1989 and served as President of Frito-Lay North America from 2009 to 2012. Chief Sustainability Officer & EVP, Beyond the Bottle, CEO, International Beverages & Chief Commercial Officer. 2, Ramn Laguarta, will be stepping into her shoes, the company said on Monday. 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. Using our buying power to create more jobs for Black creators at our marketing agencies and making them part of our content developmentwe will implement a Creative Agency Diversity Policy modeled on our existing policy for the selection of legal services, including an annual audit. 04/11/23. Our journey will now focus on three pillarsPeople,Business,andCommunities. ET, Webinar We will provide grants to participants organizations, executive education, and connections to PepsiCo leaders and partners. Mr. Laguarta previously served as president from 2017 to 2018. Ramon Laguarta, born in Barcelona, Spain is the Chairman and CEO (Chief Executive Officer) of PepsiCo. Biography of Ramon Luis Laguarta. "At the same time, Indra has invested for the future, leading the way on corporate sustainability and responsibility, and embedding a sense of purpose in everything the company does. 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. Republicans received $71,000, down slightly from four years ago, while trade group money fell to zero in 2020 from $19,000. "Social media makes it possible for advocacy organizations to punish opponents for political actions and negative news travels faster and farther than PR departments can keep up,"Betty Smith, a retired political science professor at the University of South Dakota, said in an email. Info session. Thousands of people on social media called for shoppers to stop buying from the company. She will remain Chairman until early 2019 to ensure a smooth and seamless transition. This cookie does not track individuals. 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. 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. 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. The companies reviewed by Food Dive are headquartered in the U.S. or were based here prior to an acquisition by a foreign business. But the recent protests in all 50 states and around the world have called on us to honestly assess our efforts. Ramon L Laguarta, Pepsico Inc: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Technology The only daily news program focused exclusively on technology, innovation and. Ramon Laguarta. More than doubling our spending with Black-owned suppliers, expanding the supplier pipeline through advocacy and outreach, and building supplier capability targeting growth across services, agriculture, sustainable packaging, and operations. "Our PAC is not a 'majority'PAC so we strive to give in parity, particularly to party committees.. "At @PepsiCo we're deeply concerned about plastic waste accumulating in our environment and we're committed to helping tackle this challenge. encouraging friends, colleagues and family members to donate to PACs that have different reporting periods. Ramon Laguarta Net Worth & Basic source of earning is being a successful Spanish Businessperson. Speaking to analysts on Tuesday (5 October), Ramon Laguarta said the price elasticity of PepsiCo products globally has gone down compared to pre-pandemic. 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 . Ramon Laguarta Phone Number Found 6 phone numbers: View Ramon's Email & Phone (It's Free) 5 free lookups per month. Laguarta was unanimously voted in as PepsiCos next CEO on August 6, 2018, the same day Indra Nooyi announced she was stepping down. "I'm incredibly humbled and privileged to be appointed the next CEO of PepsiCo. But I am proud of all we've done to position PepsiCo for success, confident that Ramon and his senior leadership team will continue prudently balancing short-term and long-term priorities, and excited for all the great things that are in store for this company. Together, I am confident we can work to build a stronger, better company that actively supports racial equality, more fully serves our communities, and lives up to our highest ideals. The 62-year-old has in total spend about 24 years with the 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. 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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. Analysts suggest Laguarta's major challenge will be to drive the company's growth in nutritious product segment. Ramon Laguarta Email Chairman of the Board of Directors @ PepsiCo View Ramon's Email (It's Free) 5 free lookups per month. wow.anonymousId: Quality Accessories for Mustang, Dodge, Chrysler and Jeep Made in the USA 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. 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 September 2017, Laguarta was appointed President of PepsiCo. 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. This information is according to proxy statements filed for the . Injustice and inequality are problems for us all, and we all must do our part to defeat them. Laguarta's appointment marks the company's tradition. The estimated Net Worth of Ramon Laguarta is at least $75.7 Million dollars as of 21 October 2022. Ramon Laguarta has a net worth of $5.00 million (Estimated) which he earned from his occupation as Businessperson. Ramon is a native of Barcelona and holds an MBA from ESADE Business School in Spain and a Masters in International Management (M&M) from Thunderbird School of Global Management. 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. Since 2017 he has been global president of PepsiCo, overseeing operations, strategy, public policy and government affairs. Also learn how He earned most of networth at the age of 57 years old? Formado en ESADE y en la Universidad Estatal de Arizona, inici su carrera profesional en Chupa Chups de Barcelona y, posteriormente, fue presidente de PepsiCo en Europa del Este y director ejecutivo en Europa y frica Subsahariana hasta que en 2018 fue nombrado CEO de . / ramon laguarta political party. Statements in this communication that are "forward-looking statements" are based on currently available information, operating plans and projections about future events and trends. Every Pepsi CEO has . Growing up in Spain, my parents raised me to believe that all people are equal, that diversity is a reflection of our common humanity. 12:00 pm - 1:00 pm. PepsiCo's product portfolio includes 22 brands that generate more than $1 billion each in estimated annual retail sales. So today, I am announcing the next step in PepsiCos journey for racial equality: amore than $400 million set of initiatives over five yearsto lift up Black communities and increase Black representation at PepsiCo. The donation numbers for the election four years ago cover the full 24-month period ended Dec.31, 2016. PepsiCo Inc. 's board of directors has unanimously elected Ramon Laguarta, 54, to succeed Indra K. Nooyi, 62, as the company's CEO. that included an investment from private equity firm Blackstone Growth, headed by a major Trump donor. Country of residence : Unknown. 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. Ramon Laguarta (born 1963 in Barcelona, Spain) is the chairman and chief executive officer of PepsiCo. More recently in September last year, he was elevated as President. Laguarta graduated with bachelor's and master's degrees in business administration from ESADE Business School in Barcelona in 1985. Ramon Laguarta is the Chairman of the Board of Directors and Chief Executive Officer of PepsiCo. In addition, he makes $7,448,462 as Chairman & CEO at PepsiCo Inc. Robert Scammell. [5][6] 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. As CEO, she grew revenue more than 80%, outperforming our peers and adding a new billion-dollar brand almost every other year. from 8 AM - 9 PM ET. 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.. 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. "You want to continue being a big strong company making money for your shareholders, your employees and bring good products to the market. Offers may be subject to change without notice. I met with several different groups of Black community leaders, as well as MOSAIC, our Black employee resource group. PepsiCo Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. In addition, he makes $7,448,462 as Chairman & CEO at PepsiCo Inc. Mr has made over 13 trades of the PepsiCo Inc stock since 2015, according to the Form 4 filled with the SEC. His first role was in the companys European business, and in 2014 became the CEO of the entire Europe and Sub-Saharan Africa (ESSA) sector. He is the sixth CEO in the company's history, and the first Spanish CEO of a large American multinational company. Ramon Laguarta Net Worth 2022 and insider trades. "I'd rather do it quietly because I don't need to be beaten up for it," Engelmayer said of these companies. The estimated Net Worth of Ramon Laguarta is at least $76.1 Million dollars as of 21 October 2022. ", 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. 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. Ramon Laguarta Net worth: $7.5 Million US Dollars His career started by working in the Spanish leading confectionary shop named "Chupa Chups". Public asset : 54,221,664 USD. We consider it our duty, and our responsibility, to make our views clear to those who have the potential to impact the laws, regulations and policies that can influence our global business," the company said. 1. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. He became CEO on October 3, 2018 after his predecessor Indra Nooyi stepped down. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. "She has delivered strong and consistent financial performance, managing with an eye toward not only the short-run, but the long-run as well. This includes the companys effort to reduce absolute greenhouse gas emissions by at least 20 percent for their entire value chain over a 2015 baseline (roughly 30-35 million metric tons of GHG), as well as their goals by 2025 to make 100% of their packaging recyclable, compostable, or biodegradable and use 25% recycled plastic content in all plastic packaging. "Ramon Laguarta's unanimous appointment follows a systematic and thorough succession process by the Board of Directors. 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. Laguarta has received strong backing from PepsiCo and Nooyi, and the veteran now has to prove himself. General Mills was removed from the list because it did not have donation data for 2016 and 2020. These conversations were humbling and enlightening. PepsiCo. Before joining PepsiCo he worked at Chupa Chups, a candy company based in Spain known for its lollipops. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in such forward looking statements. That's why we're honored to join @CirculateCap in combatting further ocean plastic pollution & driving sustainable growth for communities." Laguarta, 54, was unanimously elected by the board of directors to succeed Nooyi after holding a number of executive positions during his 22 years . All Rights Reserved. We recommend you to check the complete list of Famous People born on . While the data reviewed by Food Dive using the Center for Responsive Politics' OpenSecrets database doesn't represent all food or beverage companies in the space, it does exhibit a pattern showing businesses increasingly don't want to risk connecting themselves to a political candidate over fears it will adversely affect their company or brands. Industry PAC donations fell to $5,000 from $10,000. Husband/dad. 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. Ramon Laguarta (born 1963 [2]) is a Spanish businessman who is the chairman and chief executive officer of PepsiCo. "The more a corporation can distance itself from its donations, the safer they are in the current divisive atmosphere.". "We consider it our duty, and our responsibility, to make our views clear to those who have the potential to impact the laws, regulations and policies that can influence our global business," the company said. 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. He received his graduate degree from Thunderbird School of Global Management and an MBA from Escuela Superior de Administracin y Direccin de Empresas. Not have donation data for 2016 and 2020 the full 24-month period ended Dec.31, 2016, who is Narasimhan. Brands that generate more than one billion times a day in more than 200 countries territories... And inequality are problems for us all, and much more, Stats... 1963 [ 2 ] ) is the Chairman and CEO ( chief executive Officer ) of.... 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