Steven Reinemund

Infobox Person


image_size = 150px
name = Steven S. Reinemund
caption =
birth_name = Steven S. Reinemund
birth_date = birth date and age|1948|04|06
birth_place = New York, NY
death_date =
death_place =
death_cause =
resting_place =
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residence = Dallas, Texas
nationality = USA
other_names =
known_for =
education = United States Naval Academy 1970
Darden Business School at UVA 1978
employer = PepsiCo
occupation =
title = Former CEO
salary = 2005:
Salary - $1,000,000
Bonus - $4,500,000
Stock Gains - $8,132,000
Other - $176,000
Total - $13,808,000
networth =
height =
weight =
term = 2001-2006
predecessor = Roger Enrico
successor = Indra Nooyi
party = Republican
boards = Johnson & Johnson 2003-Present
ExxonMobil 2007-Present
American Express 2007-Present
Marriott International 2007-Present
[http://www.cooperinst.org Cooper Institute] 2003-Present
religion = Presbyterian
spouse = Gail T. Reinemund
partner =
children = 4 children
parents =
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website =
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Steven S. Reinemund (born birth date|1948|04|06) was Chairman and CEO of PepsiCo between 2001 and 2006. 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. [ [http://www.bevnet.com/news/2006/08-14-2006-pepsico_nooyi.asp BevNET.com - PepsiCo's Steve Reinemund to Retire as Chairman in May, 2007 ] ] He led the acquisitions of several other food and beverage companies including Quaker Oats, Naked Juice, Izze and Stacy’s Chips.

Pre-PepsiCo Career

Military

Reinemund is a retired Captain in the United States Marine Corps. He was graduated from the United States Naval Academy in 1970 and rose to the rank of Captain before earning an honorable discharge from the corps. Part of his 5 years in the military, Reinemund served as a guard at the White House during the administrations of Richard Nixon and Gerald Ford. [ [http://www.answers.com/topic/steven-s-reinemund?cat=biz-fin Steven S. Reinemund: Information and Much More from Answers.com ] ]

Pre-PepsiCo Private Sector

After leaving the military, Reinemund held various positions at IBM and Marriott’s Roy Rogers division in addition to earning a MBA at the Darden Business School at UVA in 1978. [ [http://www.nndb.com/people/045/000125667 Steven S. Reinemund ] ]

Career at 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 & CEO of Pizza Hut Worldwide. Reinemund then moved to PepsiCo’s Frito-Lay division in 1996, serving as President & CEO for 3 years before being promoted to the position of PepsiCo President & COO in 1999. In 2001 the board of PepsiCo named Reinemund Chairman & CEO. [ [http://www.nndb.com/people/045/000125667 Steven S. Reinemund ] ]

Boards of Directors

In 2003, Reinemund was elected to the boards of Johnson & Johnson and the [http://www.cooperinst.org/institute/board.cfm Cooper Institute] . In 2007, he was named to the boards of ExxonMobil, Marriott International and American Express. Reinemund also serves on the board of the U.S. Naval Academy Foundation. [ [https://www.usna.com/NetCommunity/SSLPage.aspx?pid=468&srcid=425 Board of Directors ] ]

Leadership Traits

Reinemund lists [ [http://media.www.texasbusinessweekly.com/media/storage/paper480/news/2005/02/21/News/Pepsico.Ceo.Steve.Reinemund.Shares.Leadership.Principles-874315-page2.shtml PepsiCo CEO Steve Reinemund Shares Leadership Principles - News ] ] the 6 key traits of successful leaders as:
* Principles
* Perspective
* Passion
* Perseverance
* Performance
* People

Post-Pepsi Career

On April 22, 2008, Steve was named the Dean of the Calloway School of Business and Accountancy and Babcock School of Graduate Management at Wake Forest University in Winston-Salem, NC, effective July 1, 2008.

Personal life

Family

Reinemund has been married to his wife Gail T. Reinemund since 1975. They have raised 4 children together, Steven, Jonathan, and adopted twins Chrissy & Kevin. The Reinemunds reside in Winston Salem, NC.

He is the new Dean of the combined Calloway and Babcock business schools at Wake Forest University. The announcement was made April 22nd, 2008.

Religion

Reinemund is a practicing Presbyterian. He has described the role his faith plays in business as allowing him “to be strong enough that my actions are caring, correct, encouraging, and helpful to others in the success of our business.” [ [http://findarticles.com/p/articles/mi_qa3664/is_200310/ai_n9328392/pg_2 An interview with Steven Reinemund, CEO of PepsiCo | Theology Today | Find Articles at BNET.com ] ] For 8 years, Reinemund served on the Advisory Board of the Salvation Army. He regularly speaks about faith and leadership at religion-organized forums. [ [http://www.chattanoogan.com/articles/article_119653.asp 1/7/2008 - Former PepsiCo CEO/Chairman To Keynote Brock Lecture Series, Jan. 24 - Student Scene - Chattanoogan.com ] ] [ [http://students.som.yale.edu/sigs/christian/Conference2007/ Yale MBA Christian Conference ] ]

Politics

Reinemund is a registered Republican, having donated to the political campaigns of many notable politicians including Mitt Romney, John McCain and Mike Huckabee. He has contributed to the campaigns of Democrats: Senator Barack Obama and Senator John D. Rockefeller IV, husband of PepsiCo Board member Sharon Percy Rockefeller. [ [http://www.newsmeat.com/ceo_political_donations/Steven_Reinemund.php NEWSMEAT ▷ Steven Reinemund's Federal Campaign Contribution Report ] ]

References

External links

Bios

* [http://www.businessweek.com/magazine/content/02_02/b3765039.htm BusinessWeek in 2003]
* [http://www.nndb.com/people/045/000125667 NNDB in 2006]
* [http://www.answers.com/topic/steven-s-reinemund?cat=biz-fin Answers.com]

Interviews

* [http://findarticles.com/p/articles/mi_qa3664/is_200310/ai_n9328392 Theology Today in 2003]
* [http://www.smartmoney.com/mag/ceo/index.cfm?story=january2005 SmartMoney in 2004]
* [http://www.examiner.com/a-333943~Steve_Reinemund__Chairman__PepsiCo.html Examiner.com in 2006]

Lectures

* [http://www.chattanoogan.com/articles/article_119653.asp Authentic Christian leadership at Covenant College Jan 24 2008]
* [http://students.som.yale.edu/sigs/christian/Conference2007/ Yale MBA Christian Conference in 2007]
* [http://www.redeemer.com/news_and_events/articles/ceos_views.html Redeemers Financial Services in 2007]
* [http://www.elcinfo.com/pdf/SteveReinemund.pdf Leadership/Legacy 20 at the New York Times]

Articles

* [http://www.bevnet.com/news/2006/08-14-2006-pepsico_nooyi.asp Retirement Announcement at BevNet 2006]
* [http://topics.nytimes.com/top/news/business/companies/pepsico_inc/index.html?query=REINEMUND,%20STEVEN%20S&field=per&match=exact List of articles in the New York Times]
* [http://www.businessweek.com/magazine/content/05_02/b3915604.htm BusinessWeek in 2005]

Videos

* [http://www.gsb.stanford.edu/multimedia/vftt/reinemund.ram Stanford Business School in 2005]