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The deal, expected to be completed in January 2019, will see SodaStream become a wholly-owned subsidiary of PepsiCo. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and the Forward reserves the right to remove comments for any reason. Ramon Laguarta (R) Chief Executive Officer (CEO) of PepsiCo and SodaStraem’s Daniel Birnbaum (L), Pose for a picture during a news confernce in Tel Aviv on August 20, 2018. Laguarta was also elected to the company's Board of Directors, effective October 3rd. 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. He is a terrific executive with a long and proven track record of growing businesses. "We are thrilled to welcome Roberto, who brings valuable political skills and technical knowledge of the complex social, political, and regulatory environments impacting multinational corporations like PepsiCo," said PepsiCo Chairman and CEO, Ramon Laguarta. Attempts to secure work permits for 74 experienced Palestinian employees failed, and despite first threatening to halt production in the facility, the company recanted. Perea Street, Legaspi Village, 1226 Makati City Philippines. In the interest of maintaining a civil forum, The Forward requires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Egregious commenters or repeat offenders will be banned from commenting. But I am proud of all we've done to position PepsiCo for success, confident that Ramon and his senior leadership team will continue prudently balancing short-term and long-term priorities, and excited for all the great things that are in store for this company. (Photo by KOKO / AFP) / Israel OUT. Guided by our philosophy of Performance with Purpose—delivering sustained performance while making more nutritious products, limiting our environmental footprint and lifting up all the communities we serve—we've made a more meaningful impact in people's lives than I ever dreamed possible. CEO & Chairman of PepsiCo. At the heart of PepsiCo is Performance with Purpose—our fundamental belief that the success of our company is inextricably linked to the sustainability of the world around us. This article originally appeared on Calcalist on August 21, 2018. “I’ve lived in the same house for the past 15 years. The World Trade Organization's exiting chief, who is leaving the crisis-stricken institution a year ahead of schedule, will move to the private sector as a top executive at PepsiCo, the company said Thursday. Everything you need to know about the market - quick & easy. After Pepsi Takeover, Sodastream CEO Says He’ll Keep Speaking His Mind. If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail sales. ", Nooyi continued: "Ramon Laguarta is exactly the right person to build on our success. Getty. “We’re not looking for an exit, we’re looking to become mainstream,” he said at the time. In the interest of maintaining a civil forum, The Forward requires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. 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.

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