Laguarta has held a number of executive and general management roles in his 22 years at PepsiCo. 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. As part of this focus on building a Better company, Ramon has spearheaded PepsiCos Beyond the Bottle strategy, which aims to offer consumers a range of great-tasting beverages, while making the companys packaging more sustainable and fueling future growth. We are committed to this work because we know that American society has placed the burden disproportionately on Black people. He has a deep understanding of the changing preferences of consumers and other critical trends unfolding around the world," said the outgoing CEO Indra Nooyi. So, how much is Ramon Laguarta worth at the age of 59 years old? Public asset : 54,221,664 USD. Believer in simplicity, accountability, executional excellence. Laguarta, who hails from Barcelona in Spain, was appointed the CEO of PepsiCo Europe in 2014. Chief Sustainability Officer & EVP, Beyond the Bottle, CEO, International Beverages & Chief Commercial Officer. 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. 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. 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. Everything to know about Ramon Laguarta, PepsiCo's new CEO. from 8 AM - 9 PM ET. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. He and his wife, Maria, are the proud parents of three sons. He oversaw PepsiCo's Global Category Groups, its Global Operations, Corporate Strategy, and Public Policy & Government Affairs functions. Meet Ramon Laguarta, PepsiCo's Next CEO Who Will Replace Indra Nooyi . 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. Mr Laguarta is 57, he's been the Chairman & CEO of PepsiCo Inc since . Industry PAC donations fell to $5,000 from $10,000. Watch today's #SustainabilitySpotlight with PepsiCo Chairman & CEO Ramon Lag. that included an investment from private equity firm Blackstone Growth, headed by a major Trump donor. Between 2015 and 2017, Ramon served as Chief Executive Officer, Europe Sub-Saharan Africa (ESSA), one of PepsiCos most complex businesses, with responsibility for leading the companys beverage, food and snacks business in Europe and Sub-Saharan Africa. He received his graduate degree from Thunderbird School of Global Management and an MBA from Escuela Superior de Administracin y Direccin de Empresas. Aug 06, 2018. Ramon is a strong and proven PepsiCo executive who will help lead our company into the future. While 14% of our U.S. workforce is Black, we know we need to increase representation in leadership. 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. See the CEO of Pepsi. Location Harrison, NY, US Work Chairman of the Board of Directors @ PepsiCo Chief Executive Officer, Chairman of the Board of Directors @ PepsiCo Chairman & Chief Executive Officer @ PepsiCo see more Biography of Ramon Luis Laguarta. Collectively, the maker of Diet Coke and Honest Tea donated $382,000 in the 2020 election period, a drop of close to $600,000. 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. Her leadership skills, strategic acumen, dedication and integrity have been critical to the sustained success of the corporation and the development of top talent.". 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. As of 21 October 2022 he still owns at least 310,757 units of PepsiCo Inc stock. Ramon Luis Laguarta. PepsiCo has confirmed that Ramon Laguarta will replace departing CEO Indra K. Nooyi after she announced she will step down as head of the food and drink multinational on 3 October. 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. He is a terrific executive with a long and proven track record of growing businesses. When you press play, Vimeo will drop third party cookies to enable the video to play and to see how long a viewer has watched the video. I want to thank Indra for her overwhelming support. Under Ramons leadership, the company is also adopting new leadership behaviors that are focused on driving high performance and building competitive advantage. We have estimated "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. 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 . In that role, he successfully transformed ESSAs beverage portfolio, developed the companys juice business, and advanced the companys sustainability mission. 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. Meanings for ramon laguarta the Chief Executive Officer of PepsiCo, who has the net worth of $52.9 Million dollars. Earlier this summer,Goya was called outwhen its CEO Robert Unanue praised President Donald Trump in a speech at the White House. He oversaw the company's food and beverage business across Europe and food business in Sub-Saharan Africa during his initial years with PepsiCo. Even though I wasnt born in the United States,I am passionate about this issue. Indra has been a visionary leader who transformed the corporation and led it to unprecedented success. Mandating companywide unconscious-bias training, followed by continued training aimed at reducing biases in the workplace; including PDR objectives on representation; and requiring diversity on executive candidate slateswell also expand our programs dedicated to supporting Black talent throughout critical career stages. ET, Webinar In an investors call, Ramon Laguarta, PepsiCo chairman and CEO, broke down a few of these changes he expects to stick around. ", Copyright2023 Living Media India Limited. PepsiCO CEO Ramon Laguarta attends a session during the World Economic Forum (WEF) annual meeting, on January 24, 2019 in Davos, eastern Switzerland. On August 6, 2018 PepsiCo announced that Ramon Laguarta will become its sixth CEO in its 53-year history. Fabrice CoffriniAFP via Getty Images 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. They are part of the Executive team within the C-Suite Department and their management level is C-Level. PepsiCo CEO Indra Nooyi is stepping down as CEO on Oct. 3, and her No. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Statements in this communication that are "forward-looking statements" are based on currently available information, operating plans and projections about future events and trends. CEO & Chairman of PepsiCo. "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. 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. Of the largest companies, only Steven Williams,CEO of PepsiCo Foods North America, donated money to former Vice President Joe Biden when he gave $2,000 to the Biden Victory Fund in June. January 16, 2021 By cbc news network. Company insider Ramon Laguarta will become the next CEO of the beverage and snack giant come October. 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. 380 talking about this. PepsiCo Inc.'s board of directors has unanimously elected Ramon Laguarta, 54, to succeed Indra Nooyi, 62, as CEO. "She has delivered strong and consistent financial performance, managing with an eye toward not only the short-run, but the long-run as well. 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. Topics covered: R&D, flavor trends, health & nutrition, scientific discoveries, new ingredients, and much more. He is a terrific executive with a long and proven track record of growing businessesRamon has been a critical partnerand I'm confident he will take PepsiCo to new and greater heights," said Nooyi. after Executive Chairman Howard Lorber held a fundraiser for the president. Not the Ramon Laguarta you were looking for? 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. Laguarta also was elected to the company's board of directors, effective . From 2012 to 2017 he served as Chief Executive Officer of Europe Sub-Saharan Africa (ESSA) and President of Quaker Foods North America. 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. 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. "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. 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. We still have a way to go, but our journey is gathering speed. "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. Prior to PepsiCo, Laguarta worked for Chupa Chups, S.A., a leading confectionery company based in Spain, where he held a number of international roles in Europe and the U.S. Laguarta holds an MBA from ESADE Business School in Spain and a Master's in International Management (MIM) from Thunderbird School of Global Management in the U.S. A Barcelona native, he speaks multiple languages, including English, Spanish, Catalan, French, German and Greek. PepsiCo, Inc. today announced that its Board of Directors has unanimously elected Ramon Laguarta, 54, to succeed Indra K. Nooyi, 62, as Chief Executive Officer. Thousands of people on social media called for shoppers to stop buying from the company. 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.". Injustice and inequality are problems for us all, and we all must do our part to defeat them. The 64-year-old Nooyi has been with Pepsico for 24 years. ], Weve also been longtime contributors to the NAACP Legal Defense Fund and will continue to support their work for social justice. In 1986 he received a master's in international management from the Thunderbird School of Global Management at Arizona State University. Two months later,Oatly came under fire from activists and consumers threatened boycotts after the company signed a $200 million deal in Julythat included an investment from private equity firm Blackstone Growth, headed by a major Trump donor. A letter I received recently from a longtime PepsiCo associate expressed some of the pain many of our colleagues feel. He is seen as one of the most successful Businessperson of all times. RamonL.Laguartais the chairman of the board of directors and chief executive officer of PepsiCo. Ramon Laguarta, born in Barcelona, Spain is the Chairman and CEO (Chief Executive Officer) of PepsiCo. PepsiCo. Purposeful leader. stefano faita creamy coleslaw. FORTUNE may receive compensation for some links to products and services on this website. Popularly known as the Businessperson of Spain. Search Others Named Ramon Laguarta It's harder for the money a PAC donates to a presidential candidate, for example, to be traced to a specific individual. Anheuser-Busch's PAC donated $20,000 to Hillary Clintonin 2016, but records show the beer giant hasn't made any contributions to presidential candidates during the current cycle. "What you are seeing is few companies risking their brands being called out,"Engelmayer said. "What you are seeing is few companies risking their brands being called out. In closing, Nooyi said: "Today is a day of mixed emotions for me. The 62-year-old has in total spend about 24 years with the company. PepsiCo's product portfolio includes 22 brands that generate more than $1 billion each in estimated annual retail sales. 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