Ramon Laguarta Chairman & Chief Executive Officer at PepsiCo 6d The impact of the earthquake is devastating. 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. In 2020, Laguarta earned slightly more than 17 million USD in total compensation, comprising salary, stock options, bonus, and more. He first arrived at PepsiCo as a marketing vice-president for Spain Snacks. Laguarta's appointment marks the company's tradition. This net worth evaluation does not reflect any other investments that Mr. Laguarta may own. "I'm incredibly humbled and privileged to be appointed the next chief executive of PepsiCo, and I want to thank the board of directors for the confidence they have placed in me with their decision," said Laguarta. In fact, the companys share price also rose to 78%. Popularly known as the Businessperson of Spain. Prior to joining the company in 1996, Laguarta worked for confectionary firm Chupa Chups across Europe and the US. Ramon Laguarta. 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? 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, . 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. As the CEO of PepsiCo, Inc., Mr. Laguarta earned a total compensation package of $25,506,607.00 in 2021. Learn More about Ramon Laguarta's net worth. Learn More on Ramon Laguarta's contact information. 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. For a long time in the business world, sustainability was a buzzword. 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 . "He is a terrific executive with a long and proven track record of growing businesses. [5] As a result of the promotion, he moved to the United States. By Siddharth Cavale and Uday Sampath Kumar. Prior to becoming CEO, Ramon was President of PepsiCo, with responsibility for shaping the companys corporate strategy, working closely with business units to deliver top-line growth, driving productivity to enable this growth, and investing in new areas of disruptive innovation, all in support of the company's previously announced Performance with Purpose (PwP) 2025 agenda. Consumer-centric approach, digital focus, innovative solutions and talent development are his strengths. 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. The family was living in Geneva before moving to the US. (Reuters) - PepsiCo Inc has appointed Ramon Laguarta to take over as chief executive from Indra Nooyi, handing the reins to a . Ramon Laguarta Wiki, Wife, Age, Net worth, Family(PepsiCo CEO) Biography, Ethnicity, Height, Weight, Wealth, Kids, Personal Life Affairs, Girlfriend, House, Parents, Controversy & Profile:Ramon Laguarta (born in 1964) is a Spanish President of PepsiCo Inc fromBarcelona, Spain. Therefore, his age isFifty-Four (54) years old as in 2018. (Recommended: Coca Cola CEO Email & Net Worth James Quincey). He is the 6th CEO in the company. Every Pepsi CEO has . [1], Laguarta was unanimously voted in as PepsiCo's next CEO on 6 August 2018, the same day Indra Nooyi announced she was stepping down. ", "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. Like Nooyi, Laguarta is a Pepsi luminary, having worked with the beverage behemoth for 22 years. PepsiCo Inc.'s board of directors has unanimously elected Ramon Laguarta, 54, to succeed Indra Nooyi, 62, as CEO. In an interview on CNBC during. His career started by working in the Spanish leading confectionary shop named Chupa Chups. <> From sourcing ingredients to making and selling our products more sustainably, pep+ connects the future of our business with the future of our planet. x CB$3E=x (H - j#D0C{9Trhmq.fI#~W9e|2tN6w\CABG. In the report, PepsiCo CEO Ramon Laguarta says, "Even before the COVID-19 pandemic.the food system was under tremendous stress." He goes on to say, "systemic problems require systemic. Andy Morton. From 2002 to 2006, he was General Manager for Iberia Snacks and Juices, and from 1999 to 2001 a General Manager for Greece Snacks and Marketing Vice President for Spain Snacks. Ramon Laguarta. 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. Before joining PepsiCo as VP Business Development of Snacks, Spain in 1996, he was at a Spanish candy company Chupa Chups. This year marks our first-ever Environmental, Social, and Governance (ESG) Summary. 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. Join th. Learn More on Ramon Laguarta's trading history. 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. Laguarta, 54, was unanimously elected by the board of directors to succeed Nooyi after holding a number of executive positions during his 22 years . Ramon Laguarta, Chairman of the Board of Directors and Chief Executive Officer of PepsiCo, discusses regenerative farming practices with UK potato farmer, Gavin Janaway, on a recent trip to the UK. Ramon is a strong and proven PepsiCo executive who will help lead our company into the future. The estimated net worth of Ramon Laguarta is at least $53.93 million as of October 21st, 2022. E-commerce. Ramon Luis Laguarta. Our PepsiCo Foundation team is working closely with our non-profit partners to provide humanitarian aid to local Ramon Laguarta ( Barcelona, 1963) s el director executiu de PepsiCo. No en vano, es presidente y consejero delegado de PepsiCo, la multinacional estadounidense de los refrescos (Pepsi, Kas y Mountain Dew) y los snacks (Fritos, Lays o Doritos), que en 2018 factur. By advancing our pep+ goals, we believe we will be a consistent top market performer and a force for good by doing what's right for people and the planet. He is seen as one of the most successful Businessperson of all times. $7.5 million US dollars (As of 2018). stream Nooyi . PepsiCo, Inc. engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. He took over the position of the Chairman of the Board of Directors on February 1, 2019. 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. Bangkok, Krung Thep, Thailand View. Carnyx Group Ltd 2022 | The Drum is a Registered Trademark and property of Carnyx Group Limited. This chart shows Ramon Laguarta's buying and selling at PepsiCo by year and by quarter. In 2021, PepsiCo generated $79 billion in net revenue, with many iconic brands generating more than $1 billion each in estimated annual retail sales. Furthermore, the 54-year-old President will be going to be the sixth CEO of the PepsiCo. In 1996, Ramon joined the PepsiCo and initially managed the companys business in Europe & USA. The family was living in Geneva before moving to the US. The seasoned business executive is well-recognized for successfully handling one of the most complex areas Europe Sub-Saharan Africa (ESSA) for the company. Omer Malik Vice President Beverages South East Asia. Every Pepsi CEO has been promoted internally. All rights reserved. He previously worked for Chupa Chups, a Spain-based candy company known for its lollipops. Nooyi's departure marks the end of an era for PepsiCo, with her exit leaving just 24 women leading the Fortune 500 companies. [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. The news is confirmed by the PepsiCo officially page by a tweet. Ramon Laguarta - Chairman and CEO Hugh Johnston - Vice Chairman and CFO Conference Call Participants Bonnie Herzog - Goldman Sachs Dara Mohsenian - Morgan Stanley Andrea Teixeira - JPMorgan. Guided by our philosophy of 'Performance with Purpose' delivering sustained performance while making more nutritious products, limiting our environmental footprint and lifting up all the communities we serve we've made a more meaningful impact in people's lives than I ever dreamed possible.". Prior to joining PepsiCo, 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 U.S. 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. Also, the CEO made $63.8 billion USD profit. Ramon Laguarta said price elasticity around the world has fallen - with PepsiCo expecting to be able to pass through the cost inflation it is feeling. Robert Scammell. Later, he was appointed as the CEO of the company in Europe. Learn More on PepsiCo's active insiders. In its most recent quarter, however, the company's North America beverages sales fell just 0.9 percent its smallest drop in four quarters. Ramon L. Laguarta is the chairman of the board of directors and chief executive officer of PepsiCo. 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. Esa es una de las caractersticas de Ramn Laguarta, barcelons de 58 aos, el CEO global de la multinacional PepsiCo.La clase empresarial catalana, ms pendiente siempre de no perder el control de sus negocios medianos que de buscar socios que permitan volar ms alto, mira con envidia a quien prefiere ver el mundo como una gran . By becoming better ourselves, we not only meet the needs of our stakeholders but position ourselves for long-term growth. Thunderbird School of Global Management. At PepsiCo, we recognize that the futures of our company, communities, and planet are all inextricably linked. In fact, we should, and will, do the opposite. Nooyi, who spent the last 12 of her 24 years with the company in the top job, will be succeeded as CEO by PepsiCo's president, Ramon Laguarta. Prior to becoming PepsiCos president, chairman, and CEO, Ramon led the companys Europe Sub-Saharan Africa unit successfully. An example of data being processed may be a unique identifier stored in a cookie. % Those days are over. As of 2021, the seasoned veterans net worth is believed to be anywhere from 55 to 60 million USD. This role was effective in January 2015. [3] He became CEO on 3 October 2018 after Indra Nooyi stepped down. <> The family was living in Geneva before moving to the US. 9x] Pz|*T+:{W]V|q.Rnu8l m@WBa[,g0Daoh&74KuJ)/n6Bw l?t=)qLZC'_G%S9eYUro\ "yHsPO Overview. He and his wife, Maria, are the proud parents of three sons. endobj In this conversation, IRG co-founder, Frank van den Driest and Ramon Laguarta, CEO of PepsiCo, discuss shifts in PepsiCo's business approach and how that translates into a focus on all stakeholders. Ramon Laguarta is the Chief Executive Officer of PepsiCo. That's the future of the #1 potato chip. Ramon joined PepsiCo in January 1996. Ramon Laguarta: CEO Pay $25,506,607: Median Employee Pay $52,297: CEO Pay Ratio 488:1: Board of Directors in PEPSICO INC. For its 2021 fiscal year, PEPSICO INC, listed the following board members on its annual proxy statement to the SEC. Prior to serving as president, Mr. Laguarta held a variety of positions of increasing responsibility in Europe, including . 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. Formerly with Chupa Chups, a leading Spanish confectionery company, in a number of international roles in Asia, Europe, the Middle East, and the US. As Chairman and CEO, he begun has pivoting the company toward accelerated growth, . Data is a real-time snapshot *Data is delayed at least 15 minutes. Purposeful leader. Traveling, Reading, and Listening to music. Later, he moved to the USA to be a President of a multinational company. It operates through the following business segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC). As a result, it's something the company has . People Like Ramon Laguarta . "PepsiCo today is in a strong position for continued growth with its brightest days still ahead," she finished. Pepsi's new CEO, Ramon Laguarta had said in an earnings call last week that Pepsi was already "relentlessly automating and merging the best of our optimized business models with the best new. Got a confidential news tip? Since 2017 he has been global president of PepsiCo, overseeing operations, strategy, public policy and government affairs. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. She will remain chairman until early 2019 to ensure a smooth and seamless transition, says PepsiCo. That means the chip you love will start with a sustainably grown potato on a regenerative field. Our PepsiCo Foundation team is working closely with our non-profit partners to. Nooyi will step down in October, remaining as chair until early 2019 in order to ensure a "smooth and seamless transition" for the business and its shareholders. Ramon was the chief executive officer of Europe Sub-Saharan Africa division. That is the future of our company. He is also a director at Visa Inc. Now, Ramon Laguarta is all set to become PepsiCo's sixth CEO in the company's 53-year-old history. [12][13][14] He officially took over the role on 3 October 2018 and became Chairman of the Board of Directors on 1 February 2019. MBA, ESADE Business School, Spain; Masters in International Management, Thunderbird School of Global Management. Mutual Fund and ETF data provided byRefinitiv Lipper. 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