CEO Today USA Awards 2021

92 CEO of PepsiCo About Ramon Laguarta Ramon Laguarta is the Chairman of the Board of Directors and Chief Executive Officer of PepsiCo. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $70 billion in net revenue in 2020, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi- Cola,Quaker, Tropicana andSodaStream. PepsiCo’s product portfolio includes a wide range of enjoyable foods and beverages, including 23 brands that generate more than $1 billion each in estimated annual retail sales. Ramon, a 25-year PepsiCo veteran, has served as CEO since October 3, 2018, and Chairman of the Board since February 1, 2019. As Chairman and CEO, he has begun pivoting the company toward accelerated growth, embracing a new corporate mission—to Create More Smiles with Every Sip and Every Bite—and adopting a new vision that captures PepsiCo’s competitive spirit, intense focus, and shared values: to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. “Winning with Purpose” reflects PepsiCo’s ambition to win sustainably in the marketplace and embed purpose into all aspects of its business. To help achieve these aims, Ramon is positioning the company to become Faster, Stronger, and Better: Faster by being more consumer-centric and investing to accelerate topline growth and winning in the marketplace; Stronger by transforming its capabilities and culture, with a focus on digitalizing the company, embracing new ways of working, and developing talent; and Better by continuing to integrate Purpose into its business strategy and brands, while advancing social equity in the company and its communities. As part of this drive to build a Better company, Ramon has pushed PepsiCo to embrace a bold purpose— helping to build a more sustainable food system—with a focus on becoming PepsiCo Positive by delivering better outcomes for people and the planet. As part of this agenda, Ramon has spearheaded PepsiCo’s ambitious steps to mitigate the impacts of climate change and the visionary Beyond the Bottle strategy, which aims to offer consumers a range of great-tasting beverages, while making the company’s packaging more sustainable and fueling future growth. This strategy includes the acquisition of SodaStream, the world’s leader in at-home sparkling beverage preparation, and complements the company’s sustainable packaging vision, including efforts to develop fully recyclable or compostable packaging materials. Under Ramon’s leadership, the company is also adopting new leadership behaviors that are focused on driving high performance and building competitive advantage. About PepsiCo From large institutions to individual investors, each of our clients wants the same thing. To achieve their financial goals. And for more than 70 years, we’ve helped them do exactly that. Everything we do at Franklin Templeton is focused on delivering our clients better outcomes. And that’s why In 1965, Donald Kendall, the CEO of Pepsi-Cola, and Herman Lay, the CEO of Frito-Lay, recognized what they called “a marriage made in heaven,” a single company delivering perfectly-salty snacks served alongside the best cola on earth. Their vision led to what quickly became one of the world’s leading food and beverage companies: PepsiCo. Ramon Laguarta NEW YORK

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