Ramon Laguarta

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Ramon Laguarta
Ramon Laguarta.jpg
Born1963 (age 61–62)
Barcelona, Spain [1]
Education ESADE (BBA, MBA)
Thunderbird School of Global Management (MS)
TitleCEO of PepsiCo
Predecessor Indra Nooyi

Ramon Laguarta (born 1963) [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]

Contents

Education

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]

Career

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 named three priorities: accelerating organic revenue growth; becoming a stronger company; and becoming a better company. [16]

Ramon Laguarta at a PepsiCo Community Event Ramon Laguarta Community Engagement.jpg
Ramon Laguarta at a PepsiCo Community Event

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), [17] [ 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. [18]

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. [19]

In addition to being a member of the PepsiCo Board of Directors, [20] Ramon is a director of Visa Inc. [21] He is the Co-Chair of the World Economic Forum's Board of Stewards for the Food Systems Initiative. [22]

Personal life

Laguarta speaks English, Spanish, Catalan, French, German and Greek. [23] He is married with three children. [24]

References

  1. 1 2 Strauss, Lawrence C. "3 Things to Know About Pepsi's CEO Swap" . Retrieved 12 August 2018.
  2. ↑ "Who is Ramon Laguarta, the next CEO of PepsiCo- Business News". businesstoday.in. 6 August 2018. Retrieved 15 August 2018.
  3. ↑ "Leadership – PepsiCo". pepsico.com. Retrieved 1 October 2018.
  4. ↑ Maloney, Jennifer (6 August 2018). "Meet PepsiCo's Next CEO: Ramon Laguarta". Wall Street Journal. ISSN   0099-9660 . Retrieved 12 August 2018.
  5. 1 2 Cullen, Lauren Hirsch, Terri (6 August 2018). "PepsiCo's Indra Nooyi to step down as CEO, President Ramon Laguarta to succeed her". cnbc.com. Retrieved 21 March 2019.{{cite web}}: CS1 maint: multiple names: authors list (link)
  6. ↑ "Ramón Laguarta, el canterano de Chupa-Chups que lanzó la Pepsi Max". ELMUNDO (in Spanish). 7 August 2018. Retrieved 9 March 2020.
  7. ↑ "5 Things to Know About the Next PepsiCo CEO". Fortune. Retrieved 13 August 2018.
  8. ↑ "Thunderbird Alumnus Ramon Laguarta Named PepsiCo CEO". Thunderbird School of Global Management. Retrieved 1 October 2018.
  9. ↑ "Pepsi's new CEO Ramon Laguarta: Five things to know". Fox Business. 6 August 2018. Retrieved 23 September 2018.
  10. ↑ "Who is Ramon Laguarta, the next CEO of PepsiCo- Business News". businesstoday.in. 6 August 2018. Retrieved 9 March 2020.
  11. ↑ Maloney, Jennifer (6 August 2018). "Meet PepsiCo's Next CEO: Ramon Laguarta". Wall Street Journal. ISSN   0099-9660 . Retrieved 9 March 2020.
  12. ↑ Stewart, Rebecca (6 August 2018). "Who is Ramon Laguarta? The marketer-turned-Pepsi CEO taking over from Indra Nooyi". Thedrum.com. Retrieved 16 March 2020.
  13. ↑ Maloney, Jennifer (6 August 2018). "PepsiCo CEO Indra Nooyi to Step Aside; Veteran Set to Take Helm". Wall Street Journal. ISSN   0099-9660 . Retrieved 12 August 2018.
  14. 1 2 Cullen, Lauren Hirsch, Terri (6 August 2018). "PepsiCo's Indra Nooyi to step down as CEO, President Ramon Laguarta to succeed her". CNBC. Retrieved 13 August 2018.{{cite news}}: CS1 maint: multiple names: authors list (link)
  15. ↑ Tozer, Alice (6 August 2018). "5 Things to Know About the Next PepsiCo CEO". Fortune. Retrieved 22 October 2019.
  16. ↑ "PepsiCo sets goal to become 'faster, stronger and better'". foodbusinessnews.net. Retrieved 17 March 2020.
  17. ↑ "Climate Change – PepsiCo". pepsico.com. Retrieved 2 August 2019.
  18. ↑ "Plastics – PepsiCo". pepsico.com. Retrieved 2 August 2019.
  19. ↑ "Equilar 100: CEO Pay at the Largest Companies by Revenue". Equilar. 7 June 2024. Archived from the original on 15 August 2024. Retrieved 31 August 2024.
  20. ↑ "PepsiCo Inc. PEP (U.S.: Nasdaq)". wsj.com. The Wall Street Journal. Retrieved 26 March 2021.
  21. ↑ "Visa Inc. - Corporate Governance – Board of Directors". VISA. Retrieved 26 March 2021.
  22. ↑ "Food System Initiative – Shaping the Future of Food First Annual Report – April 1 st 2019 – December 31st 2019" (PDF). AidStream.org. World Economic Forum. Archived from the original (PDF) on 1 April 2021. Retrieved 26 March 2021.
  23. ↑ Amato, Dom (6 August 2018). "PepsiCo Leadership Handoff to Laguarta Unlikely to Make Waves". TheStreet. Retrieved 27 May 2025.
  24. ↑ "Leadership – PepsiCo". pepsico.com. Retrieved 3 October 2018.
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