Steven Reinemund

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Steven S. Reinemund
Born Steven S. Reinemund
(1948-04-06) April 6, 1948 (age 70)
New York, NY
Residence Winston-Salem, North Carolina
Nationality USA
Education U.S. Naval Academy (B.S.)
University of Virginia (M.B.A.)
Employer Wake Forest University
Salary 2005:
Salary - $1,000,000
Bonus - $4,500,000
Stock Gains - $8,132,000
Other - $176,000
Total - $13,808,000
Title Former CEO
Term 2001-2006
Predecessor Roger Enrico
Successor Indra Nooyi
Political party Republican
Board member of Johnson & Johnson 2003-2007
ExxonMobil 2007-Present
American Express 2007-Present
Marriott International 2007-Present
Cooper Institute 2003-Present
Spouse(s) Gail T. Reinemund
Children 4 children

Steven S. Reinemund (born (1948-04-06)April 6, 1948) is an American business man who was chairman and CEO of PepsiCo between 2001 and 2006 and dean of the Schools of Business at Wake Forest University between 2008 and 2014. Reinemund spent 22 years working for PepsiCo in various capacities. During his CEO tenure at PepsiCo, revenues grew by $9 billion, net income rose 70%, earnings per share were up 80% and PepsiCo’s market cap exceeded $100 billion.[1] He led the acquisitions of several other food and beverage companies including Quaker Oats, Naked Juice, Izze and Stacy’s Chips.

Early career

Reinemund is a former Captain, serving for five years in the United States Marine Corps after he graduated from the United States Naval Academy with a Bachelor of Science degree in 1970. Part of his five years in the military, Reinemund served as a guard at the White House during the administrations of Richard Nixon and Gerald Ford.[2]

After leaving the military, Reinemund held various positions at IBM and Marriott’s Roy Rogers[3] division in addition to earning an MBA at the Darden Business School at UVA in 1978.[4]

PepsiCo

In 1984, Reinemund joined PepsiCo’s Pizza Hut division (subsequently divested) as the Senior Vice President of Operations. Two years later, he was named President & CEO of Pizza Hut in North America where he introduced home-delivery as a distribution method, overtaking market share of rival Domino's Pizza within 2 years. In 1991, Reinemund assumed the role of president and CEO of Pizza Hut Worldwide. Reinemund then moved to PepsiCo’s Frito-Lay division in 1992, serving as president and CEO for seven years before being promoted to the position of PepsiCo president and COO in 1999. In 2001 the board of PepsiCo named Reinemund chairman and CEO.[4]

In each of his last two full years as CEO of PepsiCo., Reinemund was paid a base salary of $1 million and an annual bonus of $4.5 million.[5]

Current career

On April 22, 2008, Reinemund was named dean of the Calloway School of Business and Accountancy and Babcock Graduate School of Management at Wake Forest University.

On June 30, 2014 Reinemund stepped down as Dean of the Business, electing to remain with the university as Executive-in-Residence.

Boards

In 2003, Reinemund was elected to the boards of Johnson & Johnson and the Cooper Institute. He was named to the Board of Trustees at Furman University effective July 2012. Reinemund also serves on the board of the U.S. Naval Academy Foundation.[6] and served on the advisory board of the Salvation Army.

In 2007, as he was preparing to retire from Pepsi, Reinemund joined the corporate boards of American Express[citation needed], Marriott International[citation needed], and ExxonMobil.[7][8] Three years later he joined the Walmart board. In 2010, according to the companies' proxy statements, he was paid $927,318 to serve on these boards.[9][10][11][12]

References

  1. ^ PepsiCo press release Archived April 25, 2010, at the Wayback Machine.
  2. ^ Evans, Matt (29 September 2008). "Steve Reinemund: WFU dean of business knows a thing or two about realigning large bodies of business". Archived from the original on 2013-01-17.
  3. ^ "BTU #56 – Steve Reinemund: Marines to CEO of PepsiCo". Beyond the Uniform. 2017-01-09. Retrieved 2017-08-18.
  4. ^ a b Steven S. Reinemund Archived April 2, 2014, at the Wayback Machine.
  5. ^ "FY 2006 PepsiCo Inc. proxy statement". SEC. Archived from the original on 2013-01-16.
  6. ^ USNA Board of Directors[permanent dead link]
  7. ^ "Board of Directors | ExxonMobil". ExxonMobil. Retrieved 2017-08-18.
  8. ^ "Steven S. Reinemund Elected to ExxonMobil Board". www.businesswire.com. Retrieved 2017-08-18.
  9. ^ "FY 2010 American Express proxy statement". Archived from the original on 2013-01-16.
  10. ^ "FY 2010 Exxon Mobil proxy statement". Archived from the original on 2013-01-16.
  11. ^ "FY 2010 Marriott International proxy statement". Archived from the original on 2013-01-16.
  12. ^ "FY 2011 Wal-Mart Stores, Inc. proxy statement". Archived from the original on 2013-01-16.

External links

Bios

  • BusinessWeek in 2003
  • NNDB in 2006
  • BusinessWeek in 2005

Interviews

  • Theology Today in 2003
  • SmartMoney in 2004

Videos

  • Stanford Business School in 2005
Preceded by
Roger Enrico
Chairman & CEO of PepsiCo
2001 – 2006
Succeeded by
Indra Nooyi
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