Who is the current CEO of Pepsi?
Who is the CEO of PepsiCo USA? Ramon Laguarta (born 1963 in Barcelona, Spain) is the chairman and chief executive officer of PepsiCo. He became CEO on October 3, 2018 after his predecessor Indra Nooyi stepped down. He is the sixth CEO in the company’s history, and the first Spanish CEO of a large American multinational company.
Who is the female CEO of Pepsi?
Ramon Laguarta, 54, who has been a candidate to take over since a promotion last year to president, will be just the sixth CEO in the 53-year history of the company. Nooyi, who is from India, is the first foreign-born CEO of Pepsi and the first woman to lead the chips-and-soda behemoth, whose revenue topped $63 billion last year.
Is Pepsi an ethical company?
PepsiCo, one of the largest firms in the world in consumer products, remains a role model for being both socially and environmentally responsible, placing third worldwide in the “World’s Most Ethical Companies”. PepsiCo has adopted strict corporate standards that govern their operations and ensure accountability for their actions.
Who is Pepsi owned by?
Who is the current owner of Pepsi? Currently, this soft drink is owned by PepsiCo company and the product is now being sold in more than 200 countries. Let’s see what made Pepsi a brand in making. Who owns Coke and Pepsi? PepsiCo, Inc.
How much did PepsiCo make in 2008?
PepsiCo 's annual net profit rose from $2.7 billion to $6.5 billion. Nooyi was named on Wall Street Journal ' s list of 50 women to watch in 2007 and 2008, and was listed among Time ' s 100 Most Influential People in The World in 2007 and 2008. Forbes named her the #3 most powerful woman in 2008.
Who is the board member of Amazon?
Since February 2019, Nooyi has been a member of the board of directors at Amazon. Nooyi also serves as the Class of 1951 Chair for the Study of Leadership at West Point, a Dean's Advisory Council member at MIT's School of Engineering, and a member of the MIT Corporation.
Is Quaker Oats owned by PepsiCo?
The Quaker Oats Company 's ownership of Gatorade was a positive strategic move for PepsiCo, since Gatorade was responsible for 80% of sports drink sales at the time. Similar to the Tropicana acquisition, this strategic move gave PepsiCo leverage against Coca-Cola, owner of Powerade – second in the sports drink segment.
Did Nooyi remove aspartame from Pepsi?
She moved corporate spending away from junk foods and into the healthier alternatives, with the aim of improving the healthiness of even the "fun" offerings. In 2015, Nooyi removed aspartame from Diet Pepsi, furthering the shift towards healthier foods, despite lack of evidence of aspartame's harmful effects.
How much did PepsiCo make in 2017?
For the fiscal year 2017, PepsiCo reported earnings of US$4.857 billion, with an annual revenue of US$62.525 billion, an increase of 1.2% over the previous fiscal cycle. PepsiCo's shares traded at over $109 per share, and its market capitalization was valued at over US$155.9 billion in September 2018. PepsiCo ranked No. 45 on the 2018 Fortune 500 list of the largest United States corporations by total revenue.
What is the operating division of Pepsi?
The most recently created operating division of PepsiCo covers Asia, the Middle East and Africa. In addition to the production and sales of several worldwide Pepsi-Cola, Quaker Foods, and Frito-Lay beverage and food product lines (including Pepsi and Doritos), this segment of PepsiCo's business markets regional brands such as Mirinda, Kurkure, and Red Rock Deli, among others. While PepsiCo owns its own manufacturing and distribution facilities in certain parts of these regions, more of this production is conducted via alternate means such as licensing (which it does with Aquafina), contract manufacturing, joint ventures, and affiliate operations. PepsiCo's businesses in these regions, as of 2015, contributed 10 percent to the company's net revenue worldwide.
What is the contribution of PepsiCo to Proposition 37?
PepsiCo has contributed $1,716,300 to oppose the passage of California Proposition 37, which would mandate the disclosure of genetically modified crops used in the production of California food products. PepsiCo believes "that genetically-modified products can play a role in generating positive economic, social and environmental contributions to societies around the world; particularly in times of food shortages."
How many divisions does PepsiCo have?
The structure of PepsiCo's global operations has shifted multiple times in its history as a result of international expansion, and as of 2016 it is separated into six main divisions: PepsiCo Beverages North America, Frito-Lay North America, Quaker Foods North America, Latin America, Europe and Sub-Saharan African, and Asia, Middle East and North Africa. As of 2015, 73 percent of the company's net revenues came from North and South America; 17 percent from Europe and Sub-Saharan Africa; and 10 percent from Asia, the Middle East, and Africa. PepsiCo and its combined subsidiaries employed approximately 263,000 people worldwide as of December 2015.
Why is PepsiCo controversial?
PepsiCo's usage of water was the subject of controversy in India in the early and mid-2000s, in part because of the company's alleged impact on water usage in a country where water shortages are a perennial issue. In this setting, PepsiCo was perceived by India-based environmental organizations as a company that diverted water to manufacture a discretionary product, making it a target for critics at the time.
How much water did PepsiCo drink in 2009?
According to the company's 2009 corporate citizenship report, as well as media reports at the time, the company (in 2009) replenished nearly six billion liters of water within India, exceeding the aggregate water intake of approximately five billion liters by PepsiCo's India manufacturing facilities.
When did PepsiCo buy Wimm Bill Dann?
PepsiCo's European presence expanded in Russia in 2009 as the company announced a $1B investment, and with its acquisition of Russian juice and dairy product brand Wimm-Bill-Dann Foods in December 2010 and Lebedyansky juice producer in March 2008.
What was the original Pepsi-Cola?
The original recipe also included sugar and vanilla. Bradham sought to create a fountain drink that was appealing and would aid in digestion and boost energy. The original stylized Pepsi-Cola wordmark used from 1898 until 1905. In 1903, Bradham moved the bottling of Pepsi-Cola from his drugstore to a rented warehouse.
Who was the first celebrity to endorse Pepsi?
In 1909, automobile race pioneer Barney Oldfield was the first celebrity to endorse Pepsi-Cola, describing it as "A bully drink...refreshing, invigorating, a fine bracer before a race.". The advertising theme "Delicious and Healthful" was then used over the next two decades. A 1919 newspaper ad for Pepsi-Cola.
How many gallons of Pepsi was sold in 1903?
In 1903, Bradham moved the bottling of Pepsi-Cola from his drugstore to a rented warehouse. That year, Bradham sold 7,968 gallons of syrup. The next year, Pepsi was sold in six-ounce bottles, and sales increased to 19,848 gallons. In 1909, automobile race pioneer Barney Oldfield was the first celebrity to endorse Pepsi-Cola, ...
What was the name of the company that sued Guth for possession of Pepsi?
Since he had initially used Loft's finances and facilities to establish the new Pepsi success, the near-bankrupt Loft Company sued Guth for possession of the Pepsi-Cola company. A long legal battle, Guth v.
What was the Pepsi Challenge?
According to Consumer Reports, in the 1970s, the rivalry continued to heat up the market. Pepsi conducted blind taste tests in stores, in what was called the " Pepsi Challenge ". These tests suggested that more consumers preferred the taste of Pepsi to Coca-Cola.
What was the most popular slogan in the 1950s?
From the 1930s through the late 1950s, " Pepsi-Cola Hits The Spot " was the most commonly used slogan in the days of old radio, classic motion pictures, and later television. Its jingle (conceived in the days when Pepsi cost only five cents) was used in many different forms with different lyrics.
How much sugar is in Pepsi?
Pepsi has 10 more calories and two more grams of sugar and carbohydrates than Coca-Cola. Caffeine-Free Pepsi contains the same ingredients but without the caffeine.
Who was the Chief of Pepsi during the Coca Cola Wars?
Roger Enrico, PepsiCo Chief During 1980s ‘Cola Wars,’ Dies at 71. Roger Enrico in his office in 1985. He was credited with marketing Pepsi as distinct from Coke.
What was the Pepsi Generation?
The celebrity-laden, youth-oriented “Pepsi Generation” advertising blitz was paired with the Pepsi Challenge , which featured people doing a blind taste test of Pepsi and Coke — and usually choosing Pepsi as tastier.
Did Pepsi give workers a day off?
To celebrate, Pepsi U.S.A. gave its workers a day off. Unhappy Coke drinkers revolted, flooding Coca-Cola with telephone calls, letters and telegrams criticizing the decision to change the formula. The company acted quickly in response, reviving the old formula with Coca-Cola Classic.
When did Pepsi get its name?
On August 28, 1898, at his pharmacy in New Bern, North Carolina, Bradham gave the name Pepsi-Cola to his most popular flavored soda. Formerly known as Brad's Drink, the new cola beverage was a syrup of sugar, vanilla, oils, cola nuts, and other flavorings diluted in carbonated water.
Who was the president of Coca Cola in 1950?
Walter Mack was appointed company chairman in 1950, and a former Coca-Cola vice-president of sales, Alfred N. Steele, took over as president and chief executive officer, bringing 15 other Coke executives with him. Steele continued the policy of management decentralization by giving broader powers to regional vice-presidents, and he placed Herbert Barnet in charge of Pepsi's financial operations. Steele's outstanding contribution, however, was in marketing. He launched an extensive advertising campaign with the slogan 'Be Sociable, Have a Pepsi.' The new television medium provided a perfect forum; Pepsi advertisements presented young Americans drinking 'The Light Refreshment' and having fun.
Why did Guth get out of Coca Cola?
Guth had fallen out with Coca-Cola for refusing the company a wholesaler discount and he was on the lookout for a new soft drink. He signed an agreement with Megargel to resurrect the Pepsi-Cola company, and acquired 80 percent of the new shares, ostensibly for himself.
What is PepsiCo focused on?
PepsiCo was now focused exclusively on the less capital-intensive businesses of beverages and snack foods. On the beverage side, Enrico, who had gained a reputation as a master marketer, spearheaded a bolder advertising strategy for the flagship Pepsi brand.
What is a crystal Pepsi?
In 1992, PepsiCo introduced Crystal Pepsi, a clear cola that, while still a traditional soda, also tried to capture the momentum of the 'New Age' beverage trend.
How many gallons of Pepsi were made in 1904?
Almost 20,000 gallons of Pepsi-Cola syrup were produced in 1904. Again following the successful methods of the Coca-Cola Company, Bradham began to establish a network of bottling franchises.
What was the biggest challenge for PepsiCo?
The company's biggest challenge to expanding its restaurant division was affordability. PepsiCo noted that, while it took the average U.S. worker just 15 minutes to earn enough to enjoy a meal in one of the firm's restaurants, it would take an Australian 25 minutes to achieve a similar goal.
Overview
Career
Beginning her career in India, Nooyi held product manager positions at Johnson & Johnson and the textile firm Beardsell Ltd. While attending Yale School of Management, Nooyi completed her summer internship with Booz Allen Hamilton. In 1980, Nooyi joined the Boston Consulting Group (BCG) as a strategy consultant, and then worked at Motorola as Vice President and Director of Corporate Strategy and Planning, followed by a stint at Asea Brown Boveri.
Early life
Nooyi was born in Madras (now known as Chennai), Tamil Nadu, India. Nooyi did her schooling in Holy Angels Anglo Indian Higher Secondary School in T. Nagar.
Education
Nooyi received bachelor's degrees in physics, chemistry and mathematics from Madras Christian College of the University of Madras in 1974, and a Post Graduate Programme Diploma from Indian Institute of Management Calcutta in 1976.
In 1978, Nooyi was admitted to Yale School of Management and moved to United States of America (USA) where she earned a Master's degree in Public and Private Management in 1980.
Awards and recognition
In January 2008, Nooyi was elected chairwoman of the U.S.-India Business Council (USIBC). Nooyi leads USIBC's Board of Directors, an assembly of more than 60 senior executives representing a cross-section of American industry.
In 2008, she was elected to the Fellowship of the American Academy of Arts and Sciences.
In 2008, Nooyi was named one of America's Best Leaders by U.S. News & World Report.
Memberships and associations
Nooyi is a Successor Fellow of the Yale Corporation. She serves as a member of the Foundation Board of the World Economic Forum, International Rescue Committee, Catalyst and the Lincoln Center for the Performing Arts. She is also a member of the Board of Trustees of Eisenhower Fellowships, and has served as Chairperson of the U.S.-India Business Council.
Nooyi serves as an Honorary Co-Chair for the World Justice Project. The World Justice Project w…
Philanthropy
In 2016, Nooyi gifted an undisclosed amount to her alma mater, The Yale School of Management. She became the school's biggest alumni donor in history and the first woman to endow a deanship at a top business school with her gift. Nooyi and her husband Raj donated 187,000 Scholastic books to Connecticut's alliance school districts as part of the Partnership for Connecticut during the COVID-19 crisis.
Personal life
Indra married Raj K. Nooyi, president at AmSoft Systems, in 1981. Nooyi has two daughters and resides in Greenwich, Connecticut. Forbes ranked her at the third spot among "World's Powerful Moms" list. She is a devout Hindu who abstains from alcohol and is a vegetarian because of her adherence to the religion's teachings and traditions.
Her older sister Chandrika Krishnamurthy Tandon is a businesswoman and also a Grammy-nomi…