Ramon Laguarta | |
|---|---|
 | |
| Born | 1963 (age 60–61) |
| Education | ESADE (BBA, MBA) Arizona State University, Phoenix (MS) |
| Title | CEO of PepsiCo |
| Predecessor | Indra Nooyi |
Ramon Laguarta (born 1963 in Barcelona, Spain) [2] is a Spanish businessman who is the chairman and chief executive officer of PepsiCo. [3] He became CEO on 3 October 2018 after Indra Nooyi stepped down. [4] He is the sixth CEO in the company's history and the first Spanish CEO of a large American multinational company. [5] [6]
Laguarta graduated with bachelor's and master's degrees in business administration from ESADE Business School in Barcelona in 1985. In 1986 he received a master's degree in international management from the Thunderbird School of Global Management. [7] [8]
Before joining PepsiCo he worked at Chupa Chups, a candy company based in Spain known for its lollipops. [9] Laguarta joined PepsiCo in January 1996.[ 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. [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. [11]
Laguarta was named president of PepsiCo in September 2017. He oversaw PepsiCo's Global Category Groups, its Global Operations, Corporate Strategy and Public Policy & Government Affairs functions. [5] As a result of the promotion, he moved to the United States. [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. [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. [14] Laguarta has been working at PepsiCo for over 20 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. [15] Since becoming CEO of PepsiCo, Laguarta established three priorities to lead the company: Accelerating the company's rate of organic revenue growth; becoming a stronger company; and becoming a better company. [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.[ promotion? ] Under his leadership, the company is focusing its efforts and goals around agriculture, water usage, plastics, products, climate change and human rights. [17]
This includes the company's 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), [18] [ non-primary source needed ] 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.[ citation needed ] Laguarta has also led attempts to reduce waste by acquiring SodaStream. [19] Through the expansion of SodaStream's business, the need for an estimated 67 billion plastic bottles will be avoided through 2025. [20] [ dead link ]
In 2023, Laguarta's total compensation from PepsiCo was $26.2 million, up 8% from the previous year and representing a CEO-to-median worker pay ratio of 648-to-1. [21]
In addition to being a member of the PepsiCo Board of Directors, [22] Ramona is a director of Visa Inc. [23] He is the Co-Chair of the World Economic Forum's Board of Stewards for the Food Systems Initiative. [24]
Laguarta speaks English, Spanish, French, German and Greek. [9] He is married with three children. [25]
Donald Mcintosh Kendall was an American businessman and political adviser. He served as CEO of Pepsi Cola and as CEO of PepsiCo from 1971 to 1986.
Esade is an international private educational institution based in Barcelona, Spain. Esade runs two schools of the university, Esade Business School and Esade Law School, as well as a language centre, the Esade Executive Language Center. The school has also formed a strategic alliance with Ramon Llull University in its undergraduate programmes in Law and Business. ESADE is ranked among the world's top business schools and law school programs by the Financial Times, The Economist, Forbes, QS World University Rankings and more.
PepsiCo, Inc. is an American multinational food, snack, and beverage corporation headquartered in Harrison, New York, in the hamlet of Purchase. PepsiCo's business encompasses all aspects of the food and beverage market. It oversees the manufacturing, distribution, and marketing of its products. PepsiCo was formed in 1965 with the merger of the Pepsi-Cola Company and Frito-Lay, Inc., PepsiCo has since expanded from its namesake product Pepsi Cola to an immensely diversified range of food and beverage brands. The largest and most recent acquisition was Pioneer Foods in 2020 for US$1.7 billion and prior to it was buying the Quaker Oats Company in 2001, which added the Gatorade brand to the Pepsi portfolio and Tropicana Products in 1998.
University Ramon Llull is a private university located in Barcelona, Catalonia, Spain established in 1990. Currently it is formed by several different colleges specialized in different topics, most of which are located in downtown Barcelona.
Kenneth Irvine Chenault is an American business executive. He was the CEO and Chairman of American Express from 2001 until 2018. He is currently the Chairman of the global venture capital firm General Catalyst.
Indra Nooyi is an Indian-born American business executive who was the chairman and chief executive officer (CEO) of PepsiCo from 2006 to 2018.
Christopher A. Sinclair is an American businessman. He is the chairman of Reckitt. He is the former chairman and CEO of Mattel. Previously, he was chairman and CEO of PepsiCo.
Wimm Bill Dann Foods is one of Europe's largest dairy products companies. WBD produces yogurt, milk, flavored milk, fruit juices, and other soft drinks. It holds a 34% share in all dairy products in Russia, and a 20% share of the fruit drink market.
Gary Rodkin is the past CEO and President of ConAgra Foods, one of the largest food processing companies in North America. Rodkin was formerly the CEO and president of the North America division of PepsiCo from 1995 to 2005, and still is a special consultant through his exit agreement with the company.
Since 2004, Forbes, an American business magazine, has published an annual list of its ranking of the 100 most powerful women in the world. Edited by prominent Forbes journalists, including Moira Forbes, the list is compiled using various criteria such as visibility and economic impact. In 2023, the gauge was "money, media, impact and spheres of influence". The top 10 per year are listed below.
Thunderbird School of Global Management is a global leadership, management, and business school at Arizona State University, a public research university in the Phoenix metropolitan area. It was founded in 1946 as an independent, private institution and acquired by Arizona State University in 2014. The school moved to ASU's Downtown Phoenix campus in 2018. The campus built a new $75 million building for the school in 2021.
Sabritas, S. de R.L. de C.V. is a Mexican snack company owned by PepsiCo. They are best known for manufacturing chips, Sabritas is the Mexican name of Lays, same case as Margaritas in Colombia or Walkers in the United Kingdom and Ireland.
Michael H. Jordan was an American businessman. He served as the chief executive officer of PepsiCo Worldwide Foods (1986–1990), Westinghouse Electric Corporation (1993–1998), CBS Corporation (1995–1998), and Electronic Data Systems (2003–2007).
Duke and Sons Pvt. Ltd was an Indian manufacturing company based in Bombay. Established in 1889, Duke produced and marketed soft drinks. It was originally owned by the Pandole family, a well-known Parsi business name. In 1994, the company was acquired by Pepsi, which relaunched the Duke's brand in 2011 through its Indian subsidiary.
XPO, Inc. is an American transportation company that conducts less-than-truckload shipping in North America. The company has headquarters in Greenwich, Connecticut, US and 564 locations globally.
Leena Nair is a British-Indian business executive who is the chief executive officer (CEO) of Chanel. Nair previously was the chief human resource officer of Unilever and member of the Unilever leadership executive. Nair was responsible for the human capital of Unilever, which operates across multiple regulatory and labour environments spread over 190 countries. Under her leadership, Unilever has been named the number one FMCG graduate employer of choice in 54 countries. Nair is an advocate for human-centred workplaces and compassionate leadership.
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