Steven S Reinemund is the chairman and chief executive officer of PepsiCo, Inc., a world leader in convenient snacks, foods and beverages, with $27 billion in sales and 143,000 employees. The company’s subsidiaries include Frito-Lay, Quaker and Tropicana. They have had a structured M/WBE program since 1982.
In 2003, PepsiCo spent $335 million with first tier minority suppliers. They require their prime suppliers to report dollars spent with MBEs, for an additional $220 million.
The overall goal is to grow MBE purchases 12% annually; goals are established for each division and each category of procurement. Each PepsiCo Division President has an aggressive supplier diversity target.
PepsiCo has a highly-evolved, broad-based program that includes developing suppliers with a key existing competence and enhancing it to allow them to expand into other areas. They also provide technical assistance, training, mentoring and in-house meetings with buyers and NMSDC certified suppliers.
In honor of Jim O’Neal’s significant leadership role with NMSDC, and on the occasion of his retirement from PepsiCo in 2001, its Foundation contributed $100,000 toward the James H. O’Neal/PepsiCo Foundation Endowed Scholarship Fund for NMSDC’s Advanced Management Education Program for minority business owners at the J.L. Kellogg School of Management at Northwestern University.
Len Schutzman, then PepsiCo treasurer, was instrumental in the founding of the Business Consortium Fund, NMSDC’s 20-year-old loan program.
James Kozlowski, senior vice president and chief procurement officer, serves on the NMSDC Board of Directors and its Executive Committee. He is the chairman of the Advocacy Committee. He has also served on the Corporate Plus Management Committee. PepsiCo sponsored three MBEs for Corporate Plus membership and has contracts with nine others.
PepsiCo is active with 27 local Councils and corporate representatives serve on several local Boards and committees. PepsiCo’s in-kind contribution for NMSDC’s 25th anniversary was a video that has been used by NMSDC and its 39 affiliates to promote “profit through partnership.”
The company has also provided financial support toward NMSDC’s international programs, to expand the NMSDC organizational model to other countries.
Mr. Reinemund has been PepsiCo’s chairman and CEO since May 2001. He was elected a director of PepsiCo in 1996 and before assuming his current position, served as president and chief operating officer from September 1999 until May 2001. Mr. Reinemund began his career with PepsiCo in 1984 as a senior operating officer of Pizza Hut, Inc. He became president and chief executive officer of Pizza Hut in 1986 and president and chief executive officer of Pizza Hut Worldwide in 1991. In 1992, Mr. Reinemund became president and president and chief executive officer of Frito-Lay, Inc. and chairman and chief executive officer of Frito-Lay in 1996.
Mr. Reinemund served on the National Advisory Board for The Salvation Army from 1990 to 1999 and was chairman from 1996-1999. He also served on the Board of the National Council of La Raza, which honored him with its 1997 President’s Award.
A 1970 graduate of the U.S. Naval Academy, Mr. Reinemund served five years as an officer in the United States Marine Corps and achieved the rank of captain.
He received an MBA degree from the University of Virginia in 1978.