You can see the complete history of Mr Laguarta stock trades at the bottom of the page. PepsiCo Inc. 's board of directors has unanimously elected Ramon Laguarta, 54, to succeed Indra K. Nooyi, 62, as the company's CEO. Anheuser-Busch, one of the biggest overall donors to PACs and lawmakers among food and beverage companies, along with Coca-Cola, sharply cut contributions from its PAC to Democrats by nearly $100,000 to $305,000, while Republicans received 55% less at $249,500 versus 2016. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. He is the sixth CEO in the company's history, and the first Spanish CEO of a large American multinational company. As a result, it makes more sense for PACs to hold on to their cash. Nooyi, 64, who was born in India and studied at Yale, will remain chairman and hand over CEO duties to Ramon Laguarta. "Laguarta, who was unanimously elected by the board of directors, will take over from Nooyi on October 3," the company said in a statement. 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. All rights reserved. I met with several different groups of Black community leaders, as well as MOSAIC, our Black employee resource group. Nearly all major U.S.-based food and beverage companies operate their own corporate PACs. Prior to becoming CEO, Ramon was President of PepsiCo. [3] He became CEO on 3 October 2018 after Indra Nooyi stepped down. 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. With potential criticism ever-present, CEOs at major food companies appear to have largely eschewed donations to presidential candidates. This is true both in companies and the larger society. The companies reviewed by Food Dive are headquartered in the U.S. or were based here prior to an acquisition by a foreign business. CEO & Chairman of PepsiCo. 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. VP & CFO. Ramon Laguarta has been unanimously elected by the board of directors to succeed @IndraNooyi as CEO, on Oct 3, 2018. Ramon Laguarta's net worth Ramon 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. / ramon laguarta political party. No credit card required. 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. encouraging friends, colleagues and family members to donate to PACs that have different reporting periods. 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. He oversaw the company's food and beverage business across Europe and food business in Sub-Saharan Africa during his initial years with PepsiCo. "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. ], Weve also been longtime contributors to the NAACP Legal Defense Fund and will continue to support their work for social justice. 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. Ramon Laguarta is the Chairman of the Board of Directors and Chief Executive Officer of PepsiCo. Meanings for ramon laguarta the Chief Executive Officer of PepsiCo, who has the net worth of $52.9 Million dollars. She will remain as chairman until early 2019. So, how much is Ramon Laguarta worth at the age of 59 years old? The AB-PAC supports elected officials and candidates for office whose policy positions and objectives support our companys license to operate.". "You want to continue being a big strong company making money for your shareholders, your employees and bring good products to the market. We are committed to this work because we know that American society has placed the burden disproportionately on Black people. Accelerating our recruitment efforts with Historically Black Colleges and Universities and increasingpartnerships with diverse organizations at our core schools. On August 6, 2018 PepsiCo announced that Ramon Laguarta will become its sixth CEO in its 53-year history. https://t.co/gq2LwrwI0Q pic.twitter.com/39lxlswiTg, "Ramon Laguarta is exactly the right person to build on our success. 2023 Fortune Media IP Limited. 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. 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. 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. Believer in simplicity, accountability, executional excellence. 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. 2018. He is the sixth person to take the responsibility of CEO of the company as his predecessor Indra Nooyi stepped down the position on October 3, 2018. Now, Ramon Laguarta is all set to become PepsiCo's sixth CEO in the company's 53-year-old history. Search Others Named Ramon Laguarta Ramon Luis Laguarta. stefano faita creamy coleslaw. Mr. Laguarta previously served as president from 2017 to 2018. ramon laguarta political party. Before joining PepsiCo he worked at Chupa Chups, a candy company based in Spain known for its lollipops. 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. 12:00 pm - 1:00 pm. Most recently he sold 5,900 units of PEP stock worth $1,021,231 on 21 October 2022. 20. The 54-year executive has so far spent 22 years with PepsiCo and has worked in different executive and general management roles. A letter I received recently from a longtime PepsiCo associate expressed some of the pain many of our colleagues feel. 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. Nooyi, 62, as Chief Executive Officer. 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. "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. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. "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. 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. During the past few weeks, the senior leadership team and I have been doing a lot more listening than talking. PURCHASE, N.Y., Aug. 6, 2018 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) ('PepsiCo') today announced that its Board of Directors has unanimously e. "Ramon Laguarta's unanimous appointment follows a systematic and thorough succession process by the Board of Directors. . Laguarta has received strong backing from PepsiCo and Nooyi, and the veteran now has to prove himself. For executives, this could be a more attractive way to donate money to a political cause or candidate because the money gets pooled together with other donations, political analysts said. "Ramon Laguarta is exactly the right person to build on our success. Ramon has been a critical partner in running the company, and I'm confident he will take PepsiCo to new and greater heights in the years to come.". 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.". As of 21 October 2022 he still owns at least 310,757 units of PepsiCo Inc stock. 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. She will remain Chairman until early 2019 to ensure a smooth and seamless transition. Business Roundtable member company PepsiCo is committed to a sustainable future. Business Roundtable CEO member, Ramon Laguarta, shares how PepsiCo is helping to #MovetheNeedle by offering vaccine educational programming, onsite vaccinati. With Nooyi's departure, the rest of PepsiCo's senior leadership team will remain unchanged. As a result of the promotion, he moved to the United States. He is a seasoned leader with deep experience in international markets, and the board is confident that he is the right person to usher in this next chapter of growth for PepsiCo. 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. 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. We have estimated 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. In one of his recent videos on video-sharing website Vimeo, Laguarta said: "Future is not going to be easy innovation is going to be key. Now, Ramon Laguarta is all set to become PepsiCo's sixth CEO in the company's 53-year-old history. Ramon Laguarta Net worth: $7.5 Million US Dollars His career started by working in the Spanish leading confectionary shop named "Chupa Chups". 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. Ramon Laguarta Chairman and Chief Executive Officer, PepsiCo MBA, ESADE Business School, Spain; Master's in International Management, Thunderbird School of Global Management. Our journey will now focus on three pillarsPeople,Business,andCommunities. This theme is based on the emerging concept. Nooyi will step down on October 3rd after 24 years with the company, the last 12 as CEO. Indeed, if one looks at her contributions, Laguarta has big shoes to fill. 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. All Rights Reserved. I want to thank Indra for her overwhelming support. It also doesn't create waste and may help fight the climate crisis. Thousands of people on social media called for shoppers to stop buying from the company. The most recent stock trade was executed by Paula Santilli on 26 October 2022, trading 2,787 units of PEP stock currently worth $500,629. Even though I wasnt born in the United States,I am passionate about this issue. Her leadership skills, strategic acumen, dedication and integrity have been critical to the sustained success of the corporation and the development of top talent.". The most active insiders traders include Ian M Cook, Indra K Nooyi, and Michael D White. wow.anonymousId: "Our PAC is not a 'majority'PAC so we strive to give in parity, particularly to party committees.. Thousands of people on social media called for shoppers to stop buying from the company. Ramon Laguarta Net Worth & Basic source of earning is being a successful Spanish Businessperson. 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. Learn How rich is He in this year and how He spends money? Speaking to analysts on Tuesday (5 October), Ramon Laguarta said the price elasticity of PepsiCo products globally has gone down compared to pre-pandemic. PepsiCo's product portfolio includes 22 brands that generate more than $1 billion each in estimated annual retail sales. Find contact details for 700 million professionals. Laguarta equally represents continuity and the necessary agility for PepsiCo," said Daniel Vasella, Chairman of the Board's Nominating and Corporate Governance Committee. Republicans received $71,000, down slightly from four years ago, while trade group money fell to zero in 2020 from $19,000. Directors and Chief Executives trade reports, independent equity research, and stock screening 59 years old our will... Elected officials and candidates for office whose policy positions and objectives support our companys license to.! Are enjoyed by consumers more than one billion times a day in more than billion! 200 countries and territories around the world, the senior leadership team will remain unchanged associate expressed some the... 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