Popularly known as the Businessperson of Spain. [citation needed] His first role was in the company's European business, and in 2014 became the CEO of the entire Europe and Sub-Saharan Africa (ESSA) sector. "double down" on marketing fizzy drinks brands. For general queries related to PepsiCo and its brands, you can call customer service number at 1-800-433-2652. Prior to serving as CEO of ESSA, Ramon also held a variety of positions of increasing responsibility in Europe, including as Commercial Vice President of PepsiCo Europe from 2006 to 2008, President, PepsiCo Eastern Europe Region from 2008 to 2012, President, Developing & Emerging Markets, PepsiCo Europe from 2012 to 2015and Chief Executive Officer, PepsiCo Europe in 2015. The family was living in Geneva before moving to the US. Between 2015 and 2017, Ramon served as Chief Executive Officer, Europe Sub-Saharan Africa ("ESSA"), one of PepsiCo's most complex businesses, with responsibility for leading the company's food and beverages businesses across Europe and its food business in Sub-Saharan Africa. He will officially take over the position of CEO on after Indra Nooyi. Positive Value Chain is our focus on making products that build a circular and inclusive economy, including goals for reaching net-zero emissions, becoming net water positive, introducing more sustainable packaging, continuing our Racial Equality Journey, among others. Chart Data in Insider Trading History Table. 1 0 obj PepsiCo's insider roster includes David Flavell (EVP), Marie Gallagher (SVP), Hugh Johnston (CFO), Ramkumar Krishnan (CEO), Ramon Laguarta (CEO), Laxman Narasimhan (CEO), Silviu Popovici (CEO), Gregg Roden (Exec. The family was living in Geneva before moving to the US. "PepsiCo remains committed to taking a leadership role in the creation of a more sustainable food system that preserves the planet and positively impacts people and communities across the world. He and his wife, Maria, are the proud parents of three sons. Quotes displayed in real-time or delayed by at least 15 minutes. [3] He became CEO on 3 October 2018 after Indra Nooyi stepped down. 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. 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. ", "The investments we have made in pep+ aim to ensure the sustainability of our business and the hundreds of thousands of jobs we support across our global supply chains creating growth and value within planetary boundaries while inspiring positive change for people and the planet. <> With the current uncertainty in the world, there might be a temptation to slow down our investments in pep+. Perhaps unsurprisingly, e-commerce as a preferred way of shopping topped the list of pandemic-prompted changes that the exec expects as a permanent trend. Suggested: Apple CEO Bio - Tim Cook Net Worth, Salary, Career, & More, American Express CEO - Stephen Squeri Net Worth, Salary, Age, & More, https://www.linkedin.com/in/ramonlaguarta, . He will become the global giant's sixth CEO. Linked companies : Visa Inc. - PepsiCo, Inc. 1. By becoming better ourselves, we not only meet the needs of our stakeholders but position ourselves for long-term growth. Then the chip will be made and delivered from a Net-Zero and Net Water Positive supply chain, sold in a beautiful bio-compostable bag, and be the best tasting product with the lowest sodium levels in the market. Promoting Responsible Shareholder Engagement, A Modern Approach to U.S. Immigration Policy, Smart Regulation for the Innovation Economy, Technology and Innovation Policy Priorities. Ramon Laguarta. For a long time in the business world, sustainability was a buzzword. "3 Things to Know About Pepsi's CEO Swap", "Who is Ramon Laguarta, the next CEO of PepsiCo- Business News", "Meet PepsiCo's Next CEO: Ramon Laguarta", "PepsiCo's Indra Nooyi to step down as CEO, President Ramon Laguarta to succeed her", "Ramn Laguarta, el canterano de Chupa-Chups que lanz la Pepsi Max", "5 Things to Know About the Next PepsiCo CEO", "Thunderbird Alumnus Ramon Laguarta Named PepsiCo CEO", "Pepsi's new CEO Ramon Laguarta: Five things to know", "Who is Ramon Laguarta? Company insider Ramon Laguarta will become the next CEO of the beverage and snack giant come October. The most recent insider tranaction occured on October, 26th when CEO Paula Santilli sold 2,787 shares worth more than $500,628.81. Before joining PepsiCo as VP Business Development of Snacks, Spain in 1996, he was at a Spanish candy company Chupa Chups. Thunderbird School of Global Management. In the UK, Laguarta will also need to navigate the impact of the 'sugar tax' (a levy on drinks makes which issues fines based on the volume of sugar-sweetened products they make or import at the rate of 18p and 24p a litre), as well as proposed changes to how TV ads for food and drink high in fat, sugar and salt are targeted towards kids. Also, the CEO made $63.8 billion USD profit. He can speak many languages, including English, Spanish, French, German, Greek, and Catalan. In 1996, Ramon joined the PepsiCo and initially managed the companys business in Europe & USA. PepsiCo's board of directors unanimously voted for Laguarta to take the hot seat. People Like Ramon Laguarta . Information on this page was last updated on 10/26/2022. 4ax*dCTVbEQ!R? 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 $13,309,191. Ramon, a 25-year PepsiCo veteran, has served as CEO since 2018, and Chairman of the Board since 2019. As Chairman and CEO, he begun has pivoting the company toward accelerated growth, . PepsiCo (NASDAQ:PEP) CEO Ramon Laguarta is brushing aside economists' predictions of a coming global recession and voiced his optimism for the next 12 months. We put sustainability and human capital at the center of how we will create growth and value, by operating within planetary boundaries and inspiring positive change for the planet and people. He has three sons from his wife Maria. Exclusive at 11am Pepsico CEO Ramon Laguarta @SquawkStreet 22 Feb 2023 14:37:18 Ramon Laguarta, born in Barcelona, Spain is the Chairman and CEO (Chief Executive Officer) of PepsiCo. x=r?!!S&`@R$=87y"FYt "=ULOOOip\}[oC?TnXeoQIx@I eT}7?_nM&2VtJBY20 oo0. In 1996, Ramon joined the PepsiCo and initially managed the company's business in Europe & USA. [4] He is the sixth CEO in the company's history and the first Spanish CEO of a large American multinational company. FOX Business takes a look at Laguarta and his track to the C-Suite. Nooyi, 62, will leave the company on October 3 after 24 years with the PepsiCo. Ramon spent the majority of his time in Barcelona. Meet PepsiCo's Next CEO: Ramon Laguarta Spaniard joined PepsiCo in 1996 and rose through the ranks in Europe; 'the future is not going to be easy,' he recently told staff Sales for the largest. 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. He has been with the company for 22 years, previously serving as Pepsis Europe and Sub-Saharan Africa CEO, and currently serving as President of the company. Ramon Laguarta Net Worth & Basic source of earning is being a successful Spanish Businessperson. [5] As a result of the promotion, he moved to the United States. 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. Laguarta will help continue to grow the company, Nooyi tweeted on Monday, celebrating his promotion. Since 2017 he has been global president of PepsiCo, overseeing operations, strategy, public policy and government affairs. Coca Cola CEO Email & Net Worth James Quincey, Starbucks CEO Email & Net Worth Kevin Johnson, First Watch CEO Email & Net Worth Chris Tomasso, Vita Coco CEO Michael Kirban (Age 46), Portillos CEO Michael Osanloo (Age 55), First Watch CEO Chris Tomasso (Age 51). Read Also Story of TySimpkinsBiography & his Success Secrets. 3 0 obj He first arrived at PepsiCo as a marketing vice-president for Spain Snacks. Every Pepsi CEO has been promoted internally. PepsiCos market cap is estimated to be 195 to 211 billion USD. Our PepsiCo Foundation team is working closely with our non-profit partners to. Ramon L. Laguarta naci en Bacerlona, Espaa en 1963. [5][6] [10] 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. That is the future of our company. Nooyi will step down on Oct. 3 after 24 years with the company, the last 12 as CEO. 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. Your email address will not be published. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Ramon Laguarta is a Spanish businessman who is the chairman and chief executive officer of PepsiCo. He is also a director at Visa Inc. Chairman and Chief Executive Officer, PepsiCo. The Summary includes how we're leveraging our brands, people, and scale to create positive change, and illustrates progress with the latest real-life examples. Indra Nooyi to step down as PepsiCo CEO, Ramon Laguarta to succeed Nooyi, 62, who has been with the company for 24 years, will continue as chairman of the board until early 2019. This net worth evaluation does not reflect any other investments that Mr. Laguarta may own. 2023 FOX News Network, LLC. They want a more focused, more integrated approach that places sustainability at the heart of business operations. Omer Malik Vice President Beverages South East Asia. We call this approach PepsiCo Positive (pep+), reflecting a new reality where consumers, customers, our associates, investors, regulators, and many other stakeholders are becoming more interested in the future of the planet and society. 1. All of these issues have resulted in a collision of food shortages, supply chain bottlenecks, and a refugee crisis unlike anything Europe has seen since World War II. Sign up for free newsletters and get more CNBC delivered to your inbox. <>/Font<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 594.72 936] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> PepsiCo president Ramon Laguarta will replace Nooyi, the food and beverage company added. In its most recent quarter, however, the company's North America beverages sales fell just 0.9 percent its smallest drop in four quarters. PEP +1.45% ended a failed joint venture to sell yogurt in the U.S.: You need to go small before you go big. Indra Nooyi, Pepsis first female CEO, is stepping down after 12-years at the helm, Pepsi announced on Monday. [16], As part of making PepsiCo a better company, Laguarta has been tasked with implementing a new purpose behind PepsiCo's sustainability agenda: helping to build a more sustainable food system. Ramon Laguarta Net worth: $7.5 Million US Dollars His career started by working in the Spanish leading confectionary shop named "Chupa Chups". Laguarta also was elected to the company's board of directors, effective . Commenting on her departure, she said: "Growing up in India, I never imagined I'd have the opportunity to lead such an extraordinary company. Featured: Microsoft CEO Bio- Satya Nadella Net Worth, Age, Career, & More! The deal announced on Monday may be the last for PepsiCo Chief Executive Indra Nooyi, who will hand over to Ramon Laguarta later this year. https://t.co/gq2LwrwI0Q pic.twitter.com/39lxlswiTg. Mr. Laguarta earned a salary of $1,542,308.00, stock awards of $8,745,056.00, non-equity compensation of $10,222,640.00, and other compensation of $581,364.00. Ramon L. Laguarta is the chairman of the board of directors and chief executive officer of PepsiCo. PY$,*C2*g#yAdIaG)rO.QaB*"F E^ Did you know each EV battery contains up to 220 pounds of graphite and China controls more than 90% of the world's graphite trade? Get this delivered to your inbox, and more info about our products and services. 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 and pricing products in inflationary times. Ramon Laguarta. In fact, we should, and will, do the opposite. As per his marital status, we have information that Ramon is married. PepsiCo can also be reached via phone at (914) 253-2000 and via email at [emailprotected] Learn More on Ramon Laguarta's contact information. Learn More on Ramon Laguarta's contact information. "Board of Directors has unanimously elected Ramon Laguarta, 54, to succeed Indra K. Nooyi, 62, as Chief . PepsiCo Inc. 's board of directors has unanimously elected Ramon Laguarta, 54, to succeed Indra K. Nooyi, 62, as the company's CEO. 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.". He can speak many languages, including English, Spanish, French, German, Greek, and Catalan. Nooyi's departure marks the end of an era for PepsiCo, with her exit leaving just 24 women leading the Fortune 500 companies. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. The estimated net worth of Ramon Laguarta is at least $53.93 million as of October 21st, 2022. This year marks our first-ever Environmental, Social, and Governance (ESG) Summary. 9x] Pz|*T+:{W]V|q.Rnu8l m@WBa[,g0Daoh&74KuJ)/n6Bw l?t=)qLZC'_G%S9eYUro\ "yHsPO The PBNA segment is composed of beverage concentrates, fountain syrups, and finished goods under various beverage brands such as Pepsi, Gatorade, Mountain Dew, Diet Pepsi, Aquafina, Diet Mountain Dew, Sierra Mist, and Mug. [11], Laguarta was named president of PepsiCo in September 2017. Countries and territories around the world drinks brands delivered to your inbox and... S business in Europe & USA to succeed Indra K. Nooyi, 62, will the. The estimated Net worth evaluation does not reflect any other investments that Mr. Laguarta may own Ramon the., 26th when CEO Paula Santilli sold 2,787 shares worth more than billion... As per his marital status, we should, and Governance ( ESG Summary. 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