Steven Reinemund
| Steven S Reinemund | |
|---|---|
| Born |
Steven S Reinemund April 6, 1948 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 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. He led the acquisitions of several other food and beverage companies including Quaker Oats, Naked Juice, Izze and Stacy’s Chips.
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.
After leaving the military, Reinemund held various positions at IBM and Marriott’s Roy Rogers division in addition to earning an MBA at the Darden Business School at UVA in 1978.
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.
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