PepsiCo Management

Management criteria checks 3/4

PepsiCo's CEO is Ramon Laguarta, appointed in Oct 2018, has a tenure of 6.08 years. total yearly compensation is $33.91M, comprised of 5% salary and 95% bonuses, including company stock and options. directly owns 0.014% of the company’s shares, worth MX$603.22M. The average tenure of the management team and the board of directors is 3 years and 9.2 years respectively.

Key information

Ramon Laguarta

Chief executive officer

US$33.9m

Total compensation

CEO salary percentage	5.0%
CEO tenure	6.1yrs
CEO ownership	0.01%
Management average tenure	3yrs
Board average tenure	9.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ramon Laguarta's remuneration changed compared to PepsiCo's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 07 2024	n/a	n/a	US$9b
Jun 15 2024	n/a	n/a	US$10b
Mar 23 2024	n/a	n/a	US$9b
Dec 30 2023	US$34m	US$2m	US$9b
Sep 09 2023	n/a	n/a	US$8b
Jun 17 2023	n/a	n/a	US$8b
Mar 25 2023	n/a	n/a	US$7b
Dec 31 2022	US$28m	US$2m	US$9b
Sep 03 2022	n/a	n/a	US$10b
Jun 11 2022	n/a	n/a	US$9b
Mar 19 2022	n/a	n/a	US$10b
Dec 25 2021	US$26m	US$2m	US$8b
Sep 04 2021	n/a	n/a	US$8b
Jun 12 2021	n/a	n/a	US$8b
Mar 20 2021	n/a	n/a	US$7b
Dec 26 2020	US$21m	US$1m	US$7b
Sep 05 2020	n/a	n/a	US$7b
Jun 13 2020	n/a	n/a	US$7b
Mar 21 2020	n/a	n/a	US$7b
Dec 28 2019	US$17m	US$1m	US$7b
Sep 07 2019	n/a	n/a	US$12b
Jun 15 2019	n/a	n/a	US$13b
Mar 23 2019	n/a	n/a	US$13b
Dec 29 2018	US$11m	US$997k	US$13b
Sep 08 2018	n/a	n/a	US$5b
Jun 16 2018	n/a	n/a	US$5b
Mar 24 2018	n/a	n/a	US$5b
Dec 30 2017	US$10m	US$800k	US$5b

Compensation vs Market: Ramon's total compensation ($USD33.91M) is above average for companies of similar size in the MX market ($USD5.78M).

Compensation vs Earnings: Ramon's compensation has been consistent with company performance over the past year.

CEO

Ramon Laguarta (60 yo)

6.1yrs

Tenure

US$33,906,212

Compensation

Mr. Ramon Luis Laguarta has been an Independent Director of Visa Inc. since November 20, 2019. Mr. Laguarta has been Chief Executive Officer and Director of PepsiCo, Inc. since October 3, 2018 and its Chai...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ramon Laguarta	Chairman & CEO	6.1yrs	US$33.91m	0.014% MX$ 603.2m
James Caulfield	Executive VP & CFO	less than a year	US$8.83m	0.0010% MX$ 45.7m
Silviu Popovici	Chief Executive Officer of Europe	no data	US$7.65m	0.0043% MX$ 189.1m
Steven Williams	Chief Executive Officer of PepsiCo Foods North America	5.7yrs	US$9.99m	0.0034% MX$ 148.6m
Gregg Roden	Executive VP & COO	2.5yrs	no data	no data
Rene Lammers	Executive VP & Chief Science Officer	5.7yrs	no data	no data
David Flavell	Executive VP	3.7yrs	no data	0.0026% MX$ 116.1m
Yashika Singh	Head of Corporate Affairs	less than a year	no data	no data
Jane Wakely	Executive VP	3yrs	no data	no data
Rebecca Schmitt	Executive VP & Chief People Officer	1.4yrs	no data	0.00029% MX$ 12.8m
Stephen Kehoe	Executive VP & Chief Corporate Affairs Officer	1.5yrs	no data	no data
Mauro Porcini	Chief Design Officer	12.4yrs	no data	no data

3.0yrs

Average Tenure

56yo

Average Age

Experienced Management: PEP *'s management team is considered experienced (3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ramon Laguarta	Chairman & CEO	6.1yrs	US$33.91m	0.014% MX$ 603.2m
Ian Cook	Presiding Independent Director	16.7yrs	US$400.00k	0.00026% MX$ 11.4m
Robert Pohlad	Independent Director	9.7yrs	US$350.00k	0.078% MX$ 3.4b
Dina Dublon	Independent Director	19.3yrs	US$350.00k	0.00018% MX$ 7.9m
Daniel Vasella	Independent Director	22.8yrs	US$340.00k	0.0010% MX$ 44.8m
Alberto Weisser	Independent Director	13.2yrs	US$360.00k	0.0022% MX$ 95.4m
Cesar Conde	Independent Director	8.7yrs	US$343.33k	0.000070% MX$ 3.1m
Michelle Gass	Independent Director	5.7yrs	US$320.00k	0.00074% MX$ 32.5m
Darren Walker	Independent Director	8.2yrs	US$350.00k	0.000070% MX$ 3.1m
Julius Olusegun Agbaje	Independent Director	4.3yrs	US$320.00k	0.00078% MX$ 34.3m
David Lewis	Independent Director	4yrs	US$320.00k	0.00059% MX$ 25.9m
David Page	Independent Director	10yrs	US$330.08k	0.000070% MX$ 3.1m

9.2yrs

Average Tenure

65.5yo

Average Age

Experienced Board: PEP *'s board of directors are considered experienced (9.2 years average tenure).

PepsiCo Management

Management criteria checks 3/4

Key information

Recent management updates

Insider recently sold Mex$17m worth of stock

PepsiCo, Inc., Annual General Meeting, May 01, 2024

Insider recently sold Mex$13m worth of stock

Insider recently sold Mex$22m worth of stock

PepsiCo, Inc. Announces Retirement of North America Beverages CEO; Appoints Ram Krishnan CEO of PepsiCo Beverages North America

Vice Chairman recently sold Mex$143m worth of stock

Recent updates

Third quarter 2024 earnings released: EPS: US$2.13 (vs US$2.25 in 3Q 2023)

PepsiCo, Inc. (NasdaqGS:PEP) entered into an agreement to acquire Siete Family Foods Inc. for $1.2 billion.

PepsiCo, Inc. (NasdaqGS:PEP) entered into an agreement to acquire Siete Family Foods Inc. for $1.2 billion.

PepsiCo, Inc. to Report Q3, 2024 Results on Oct 08, 2024

Now 21% undervalued

Second quarter dividend of US$1.36 announced

PepsiCo, Inc. Declares Quarterly Dividend, Payable on September 30, 2024

Second quarter 2024 earnings released: EPS: US$2.24 (vs US$1.99 in 2Q 2023)

Upcoming dividend of US$1.36 per share

PepsiCo, Inc. to Report Q2, 2024 Results on Jul 11, 2024

Insider recently sold Mex$17m worth of stock

First quarter dividend of US$1.36 announced

PepsiCo, Inc. Declares Quarterly Dividend, Payable on June 28, 2024

First quarter 2024 earnings released: EPS: US$1.49 (vs US$1.40 in 1Q 2023)

Pepsi Launches Two New Flavors Designed to Elevate the Taste of BBQ Foods

National Center for Public Files an Exempt Solicitation Statement and Request Vote for the Proposal

PepsiCo, Inc., Annual General Meeting, May 01, 2024

PepsiCo Launches New Product: Introducing Bubly Burst

Insider recently sold Mex$13m worth of stock

PepsiCo, Inc. to Report Q1, 2024 Results on Apr 23, 2024

Insider recently sold Mex$22m worth of stock

Upcoming dividend of US$1.27 per share

Fourth quarter dividend of US$1.27 announced

Full year 2023 earnings released: EPS: US$6.59 (vs US$6.46 in FY 2022)

PepsiCo, Inc. Declares Quarterly Dividend, Payable on April 1, 2024

PepsiCo, Inc. Announces Retirement of North America Beverages CEO; Appoints Ram Krishnan CEO of PepsiCo Beverages North America

PepsiCo, Inc. to Report Q4, 2023 Results on Feb 09, 2024

PepsiCo, Inc. Declares Quarterly Dividend, Payable on January 5, 2024

Vice Chairman recently sold Mex$143m worth of stock

PepsiCo, Inc. Announces Management Changes, Effective November 30, 2023

Lay's Releases Sandwich-Inspired Chip Flavor at BravoCon 2023: Lay's Grilled Cheese & Tomato Soup

Lay's Releases Sandwich-Inspired Chip Flavor at BravoCon 2023: Lay's Grilled Cheese & Tomato Soup

PepsiCo, Inc. Provides Earnings Guidance for the Fiscal Year 2023 and 2024

Third quarter 2023 earnings released: EPS: US$2.25 (vs US$1.96 in 3Q 2022)

Pepsico, Inc. Names Maneesha Khanna as Senior Director- Global Media Capability Lead

PepsiCo, Inc. to Report Q3, 2023 Results on Oct 10, 2023

Upcoming dividend of US$1.27 per share at 2.8% yield

PepsiCo, Inc. Provides Earnings Guidance for the Year 2023

Second quarter 2023 earnings released: EPS: US$1.99 (vs US$1.03 in 2Q 2022)

Upcoming dividend of US$1.27 per share at 2.7% yield

PepsiCo, Inc. Approves Jennifer Bailey and Susan M. Diamond as Directors

First quarter 2023 earnings released: EPS: US$1.40 (vs US$3.08 in 1Q 2022)

Insider recently sold Mex$53m worth of stock

Upcoming dividend of US$1.15 per share at 3.0% yield

Full year 2022 earnings released: EPS: US$6.46 (vs US$5.51 in FY 2021)

PepsiCo, Inc. Announces Annualized Dividend, Payable Expected in June 2023

PepsiCo, Inc. Declares Quarterly Cash Dividend on Common Stock, Payable on March 31, 2023

Pepsi Launches New and Improved Pepsi Zero Sugar

PepsiCo Launches STARRY

Doritos Transforms Late-Night Dining with the Launch of Doritos After Dark, an After-Hours Food Experience Offering Elevated, Globally Inspired Bites

PepsiCo, Inc. to Report Q4, 2022 Results on Feb 09, 2023

PepsiCo, Inc. Introduces New Packaging Goal, Doubling Down on Scaling Reusable Packaging Options

PepsiCo, Inc. Declares Quarterly Dividend, Payable on January 6, 2023

PepsiCo, Inc. Introduces New Ghost Kitchen Capability for Foodservice Partners

Pepsico Appoints C.D. Glin as President of the Pepsico Foundation

Chairman & CEO recently sold Mex$20m worth of stock

The Healing Company Inc. (OTCPK:HLCO) acquired Your Super, Inc. from Clif White Road Investments, LLC, Powerplant Ventures, LLC and PepsiCo, Inc. (NasdaqGS:PEP).

Third quarter 2022 earnings released: EPS: US$1.96 (vs US$1.61 in 3Q 2021)

PepsiCo, Inc. Provides Revenue Guidance

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age