Ramon Laguarta: Visa Director, PepsiCo CEO, Pay 2025
Filings-based profile of Ramon Laguarta: Visa independent director since 2019, committee roles, 2023–2025 compensation, stock ownership, and PepsiCo CEO/Chair timeline.
From the filings corpus, Ramon Laguarta appears primarily in relation to **Visa Inc.** (as a non‑employee director) and **PepsiCo, Inc.** (as his main executive role). Below is a synthesized profile based only on what’s explicitly stated in filings.
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### 1. Board roles at Visa
- Ramon Laguarta is a **non‑employee director of Visa Inc.** and has been on the board since **2019**. ["2019 | Ramon Laguarta"](e6261155-4a76-4ced-a285-f79bcf2b818b:325:original.html)
- Visa’s board has repeatedly determined him to be an **“independent” director** under NYSE listing standards, Visa’s Corporate Governance Guidelines, and its certificate of incorporation. ["Ramon Laguarta… is “independent”"](e6261155-4a76-4ced-a285-f79bcf2b818b:325:original.html) ["Ramon Laguarta… is “independent” as that term is defined in the NYSE’s listing standards"](0001308179-25-000630|0)
**Committee memberships (Visa):**
- He serves on Visa’s **Finance Committee** (U.S. proxy and Japanese annual report versions both show him as a member). ["Committee members… Ramon Laguarta"](8674e4e1-4c4b-4864-9150-8189d4b5c78e:422:original.html) ["Committee members… Ramon Laguarta"](e6261155-4a76-4ced-a285-f79bcf2b818b:325:original.html)
- He also serves on the **Nominating and Corporate Governance Committee**. ["Committee members… Ramon Laguarta"](8674e4e1-4c4b-4864-9150-8189d4b5c78e:422:original.html) ["Committee members… Ramon Laguarta"](e6261155-4a76-4ced-a285-f79bcf2b818b:325:original.html)
In a more recent Visa proxy (2026 proxy prelim), the Finance and Nominating/Corporate Governance membership is reaffirmed, listing him as a member of both committees. ["Committee members… Ramon Laguarta"](0001308179-25-000630|0)
**Board status and tenure:**
- A 2026 preliminary proxy notes that **he is not standing for re‑election** at the upcoming annual meeting, thanking him for his contributions since joining the board in **2019**. ["Ramon Laguarta, who is not standing for re-election… Ramon joined the Board in 2019"](0001308179-25-000630|0)
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### 2. Visa director compensation and retainers
Visa’s proxy/annual reports provide detailed disclosure of non‑employee director compensation.
**Total director compensation (recent years)**
- For **Visa’s fiscal year 2025**, he received total non‑employee director compensation of **$404,891** (USD), consisting of:
- **$145,000** in fees earned or paid in cash
- **$259,891** in stock awards
- No “All Other Compensation”
["Ramon Laguarta | 145,000 | 259,891 | — | 404,891"](0001308179-25-000630|0)
- For **Visa’s fiscal year 2024** (disclosed in an EDINET-translated 10‑K/annual securities report), he received total compensation of **$404,867** (USD), made up of:
- **$145,000** in cash compensation
- **$259,867** in stock‑based compensation
- No “All other reward”
["Ramon Laguarta… 145,000… 259,867… 404,867"](8674e4e1-4c4b-4864-9150-8189d4b5c78e:422:original.html)
- For **Visa’s fiscal year 2023**, he received total compensation of **$380,085** (USD), comprising:
- **$145,000** in cash
- **$235,085** in stock‑based compensation
- No “All other reward”
["Ramon Laguarta… 145,000… 235,085… 380,085"](e6261155-4a76-4ced-a285-f79bcf2b818b:325:original.html)
**Breakdown of cash retainers**
Visa discloses the specific components of cash fees by role and committee:
- For fiscal year 2025, his Visa retainers were:
- **$110,000** director retainer
- **$20,000** Finance Committee member retainer
- **$15,000** Nominating and Corporate Governance Committee member retainer
["Ramon Laguarta | 110,000 | — | — | — | 20,000 | 15,000"](0001308179-25-000630|0)
- For fiscal year 2024, the EDINET version shows a similar structure, with:
- **$110,000** director compensation
- **$20,000** Finance Committee member compensation
- **$15,000** Nominating/Corporate Governance Committee member compensation
["Ramon Laguarta | 110,000 | - | - | - | 20,000 | 15,000"](8674e4e1-4c4b-4864-9150-8189d4b5c78e:422:original.html)
- For fiscal year 2023, the EDINET-translated disclosure shows:
- **$110,000** director compensation
- **$10,000** Audit and Risk Committee chair/member compensation
- **$10,000** Finance Committee chair/member compensation
- **$15,000** Nominating/Corporate Governance Committee chair/member compensation
["Ramon Laguarta | 110,000… 10,000… 10,000… 15,000"](e6261155-4a76-4ced-a285-f79bcf2b818b:325:original.html)
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### 3. Visa stock ownership
Visa reports his beneficial ownership of Visa Class A common stock as part of director and executive ownership tables.
- In a recent Visa proxy, he is shown as holding **5,632** shares of Visa Class A common stock, with **0** additional shares “obtainable within 60 days.” ["Ramon Laguarta | 5,632 | 0 | 5,632"](8674e4e1-4c4b-4864-9150-8189d4b5c78e:422:original.html)
- In an earlier fiscal year ownership table, he is reported with **4,674** shares and **0** shares obtainable within 60 days, for the same total. ["Ramon Laguarta | 4,674 | 0 | 4,674"](e6261155-4a76-4ced-a285-f79bcf2b818b:325:original.html)
These holdings are included in the totals for “All directors and executive officers as a group” in the respective ownership tables. ["All directors and executive officers as a Group (17 persons)… 2,195,372"](8674e4e1-4c4b-4864-9150-8189d4b5c78e:422:original.html) ["All directors and executive officers of the Group (17 people)… 2,997,378"](e6261155-4a76-4ced-a285-f79bcf2b818b:325:original.html)
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### 4. Age and biographical details
Visa’s annual reports give a detailed biography for him as a Visa director.
- **Age**:
- In the most recent EDINET filing, he is listed as **61 years old**. ["Ramon Laguarta — 61 years old"](8674e4e1-4c4b-4864-9150-8189d4b5c78e:422:original.html)
- In a prior year’s EDINET filing, he is listed as **60 years old**, consistent with a one‑year progression. ["Ramon Laguarta — 60 years old"](e6261155-4a76-4ced-a285-f79bcf2b818b:325:original.html)
**PepsiCo roles (from Visa filings)**
Visa describes his primary operating role at **PepsiCo, Inc.**, a multinational food, snack, and beverage company:
- He has held “several senior positions” over more than 25 years at PepsiCo, including:
- **Chief Executive Officer and Director** since **October 2018**
- **Chairman of the Board** since **February 2019**
- **President** from **2017 to 2018**
- **CEO of Europe and Sub‑Saharan Africa** (2015–2017)
- **CEO of PepsiCo Europe** (until 2015)
- **President of Developed and Emerging Markets Operations, PepsiCo Europe** (2012–2015)
- **President of Eastern Europe for PepsiCo Europe** (2008–2012)
- **Commercial Vice President, Snacks and Beverages, PepsiCo Europe** (2006–2008)
- **General Manager, Snacks and Juices Division, Iberian Region** (2003–2006)
- **General Manager, Snacks Division, Spain** (2001–2003)
- **General Manager, Greek and Cyprus Division** (1999–2001)
- **VP of Marketing, Snacks Division, Spain** (1998–1999)
- **VP of Business Development, Snacks Division, Spain** (1996–1998)
["Chief Executive Officer and Director (since October 2018)… Chairman of the Board (since February 2019)… President (2017 to 2018)… CEO of Europe and Sub-Saharan Africa (2015-2017)… VP of Business Development"](8674e4e1-4c4b-4864-9150-8189d4b5c78e:422:original.html)
**Earlier career – Chupa Chups**
- Before PepsiCo, he worked at **Chupa Chups, SA**, a major Spanish confectionery company, where he held roles including:
- General Manager of the U.S. Division (1992–1996)
- Business Manager of the Far East Division (1989–1992)
- Business Manager of the Middle East Division (1988–1989)
["Chupa Chups, SA… General Manager of the US Division (1992 to 1996)… Business Manager of the Far East Division (1989-1992)… Middle East Division (1988-1989)"](8674e4e1-4c4b-4864-9150-8189d4b5c78e:422:original.html)
**Public company directorships (as disclosed by Visa)**
- Current public company directorships disclosed in Visa filings:
- **PepsiCo, Inc. (Chairman)**
- **Visa Inc.**
["Current public company directorship:… PepsiCo, Inc. (Chairman)"](8674e4e1-4c4b-4864-9150-8189d4b5c78e:422:original.html) ["PepsiCo Inc., Visa Inc."](e6261155-4a76-4ced-a285-f79bcf2b818b:325:original.html)
- Previous public company directorships: **none** (as explicitly stated). ["Previous directorships in public companies: none"](8674e4e1-4c4b-4864-9150-8189d4b5c78e:422:original.html)
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### 5. Election and proxy references
He appears in many fund N‑PX filings (proxy voting records) as a **Visa director nominee**, which confirms his role from the perspective of institutional shareholders:
- Multiple funds (e.g., Eaton Vance, Goldman Sachs Variable Insurance Trust) record votes on proposal items such as **“Election of Director: Ramon Laguarta”** at Visa Inc.’s annual meeting, usually with management‑recommended “For” votes. ["Election of Director: Ramon Laguarta"](0001438934-23-000377|0) ["Elect Director Ramon Laguarta"](0001193125-23-224621|0)
These records do not add new biographical information, but they corroborate his status as a standing director nominee at Visa during those years.
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### 6. Signatures in Visa’s 10‑K
In Visa’s **Form 10‑K for fiscal 2025**, he is listed among the signing directors:
- The 10‑K signature page shows **“/s/ Ramon Laguarta – Director”** with date **November 6, 2025**, confirming he was a director at the time of that annual report. ["Ramon Laguarta | Director | November 6, 2025"](0001403161-25-000089|0)
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If you’d like, I can next:
- Extract and summarize the **“specific qualifications, experience, characteristics and skills”** language Visa uses for him as a director (board‑skills matrix style), or
- Build a concise timeline of his **PepsiCo and Visa roles year‑by‑year** based solely on these filings.
