PepsiCo CEO Joins IBM Board of Directors

By Chris Stiles • Sunday, February 01 06:17 • Permanent Link

IBM Elects Ramon L. Laguarta to its Board of Directors

IBM (NYSE: IBM) has announced the election of Ramon L. Laguarta to its board of directors, effective March 1, 2026. Laguarta, 62, currently serves as the chairman and chief executive officer of PepsiCo, a position he has held since 2018.

During his tenure at PepsiCo, Laguarta has been instrumental in driving the company's portfolio and cultural transformation, leading it to become a growth-driven, best-in-class organization. Notably, he has been credited with scaling technology across the enterprise, which has contributed to long-term value creation for the company.

Prior to assuming the role of CEO, Laguarta served as president of PepsiCo, where he was responsible for spearheading the company's corporate strategy. His career at PepsiCo has also seen him hold various executive positions and lead operations in developing markets in Europe and Sub-Saharan Africa.

IBM's chairman, president, and CEO, Arvind Krishna, expressed enthusiasm about Laguarta joining the board, citing his background, expertise, and proven track record of leveraging technology to transform large organizations as qualities that make him an ideal director to help steward IBM and deliver significant value to shareholders.

Laguarta's election to the IBM board of directors comes against the backdrop of his successful leadership at PepsiCo and is expected to bring valuable insights and strategic guidance to the tech giant as it navigates the evolving business landscape.

As a result of these announcements, the company's shares have moved 2.59% on the market, and are now trading at a price of $305.67. If you want to know more, read the company's complete 8-K report here.

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