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Steven S. Reinemund
Reinemund in 2018
Born	(1948-04-06) April 6, 1948 (age 76) New York, New York
Education	U.S. Naval Academy (B.S.) University of Virginia (M.B.A.)
Employers	Wake Forest University (2008-2014) PepsiCo (1984-2006)
Title	Dean/CEO
Political party	Republican
Board member of	The Cooper Institute 2003-present Johnson & Johnson 2003-2007 American Express 2007-2015 ExxonMobil 2007-Present Marriott International 2007-Present Wal-Mart 2010-Present Chick-fil-A 2015-Present Vertiv 2020-Present
Spouse	Gail T. Reinemund
Children	4

Steven S. Reinemund (born April 6, 1948) is an American businessman who was chairman and chief executive officer 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.

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.

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.

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.

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.

Academia

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. 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, Marriott International, and ExxonMobil. 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.

Since 2020, Reinemund has served as a member of the board of directors of Vertiv.

Awards and recognition

• Businessweek's Top 25 "Managers of the Year" (2002, 2005)
• Barron's "World's Most Respected CEO List" (2005, 2006)
• Salvation Army Evangeline Booth Award (2007)
• Horatio Alger Award (2020)
• Honorary doctorate degree (Johnson and Wales University)
• Honorary doctorate degree (Bryant University)

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. ^ 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
7. "Board of Directors | ExxonMobil". ExxonMobil. Archived from the original on 2017-08-18. Retrieved 2017-08-18.
8. "Steven S. Reinemund Elected to ExxonMobil Board". www.businesswire.com (Press release). 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.
13. "Vertiv Holdings Co. - Corporate Governance - Executive Management - Person Details". investors.vertiv.com. Retrieved 2022-02-22.

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

v t e PepsiCo
Brands and subsidiaries	Pepsi Bubly Pepsi Diet Jazz Max Next Real Sugar Twist Zero Sugar Aquafina Brisk Concordia Duke's Lemonade Mangola Kas Lipton Manzanita Sol Mirinda Mountain Dew Diet Amp Baja Blast Code Red LiveWire Major Melon Voltage Voo-Dew Mug Root Beer No Fear Ocean Spray Paso de los Toros Punica Rockstar 7 Up Shani Sierra Mist Slice SoBe Starbucks Ethos Water Frappuccino Starry Sting Energy Teem Frito-Lay Bluebird Cheetos Cracker Jack Doritos Elma Chips Baconzitos Fandangos Stiksy Fritos Funyuns Gamesa Hostess Kurkure Lay's Lay's Stax Miss Vickie's Munchos Oberto PopCorners Quaker Oats Rold Gold Ruffles Sabra Sabritas Smartfood Smith's Burger Rings Nobby's Toobs Twisties Stacy's Sun Chips Tostitos Uncle Chipps Walkers Monster Munch Quavers Squares Wotsits Gatorade CytoSport Propel Water Quaker Oats Cap'n Crunch King Vitaman Life Pearl Milling Quisp Rice-A-Roni Scott's Porage Oats Toddy Wimm-Bill-Dann Tropicana Copella Dole Naked Tropicana Tropolis
Other holdings	Duke and Sons Duyvis Lebedyansky Marbo Product Matutano Pioneer Foods Sandora Simba SodaStream Wimm-Bill-Dann
Former holdings and products	California Pizza Kitchen Chevys Fresh Mex D'Angelo Grilled Sandwiches East Side Mario's Honey Oh's! Hot 'n Now Loft, Inc. North American Van Lines Wilson Sporting Goods Yum! Brands KFC‎ Pizza Hut Taco Bell
People	Caleb Bradham (founder) Indra Nooyi (chairman) Ramon Laguarta (CEO) Robert E. Allen Dina Dublon Alberto Ibargüen Donald M. Kendall Steven Reinemund
Related articles	500 Park Avenue (Pepsi-Cola Building) 2021 Frito-Lay strike Chester Cheetah Cola wars List of assets owned by PepsiCo Pepsi Globe Pepsi Number Fever Pepsi P1 Pepsi Spire Pepsi Stuff Leonard v. Pepsico, Inc. Pepsi, Where's My Jet? Pepsi-Cola sign Pepsiman Pilk
Produced under a partnership with LIPTON Teas and Infusions Outside the U.S. Distributed 49% owned Fruit juices under license Category Commons

• American chief executives of food industry companies
• Directors of ExxonMobil
• 1948 births
• Living people
• United States Marine Corps officers
• United States Naval Academy alumni
• University of Virginia Darden School of Business alumni
• PepsiCo people
• Directors of Walmart