Pepsi board chairman coming to WSU
2:24:13 PM CDT - Thursday, November 02, 2006
By Amy Geiszler-Jones
Steven Reinemund, chairman of the board for PepsiCo, will return to Wichita as the next speaker in the James P. Schwartz Memorial Lecture Series.
Reinemund, who recently retired as the beverage and food giant's CEO, will give a lecture at 9:30 a.m. Tuesday, Nov. 14, in the CAC Theater at WSU. He'll later give a talk at a business luncheon at the Wichita Marriott. Both events are sponsored by the Barton School of Business.
Under Reinemund's leadership from 2001 through October of this year, PepsiCo's revenues increased by more than $9 billion and its earnings per share increased by 80 percent. Reinemund also oversaw the company's acquisition of Quaker Oats.
PepsiCo ranks as one of the world's largest convenience food and beverage companies, with 2005 revenues approaching $33 billion. In addition to the popular soft drink it is named for, the company's products range from Gatorade sports drinks to breakfast foods.
Reinemund started his career with Pepsi in 1984. He was president of Pizza Hut in Wichita from 1986 to 1992, before becoming president and CEO of Frito-Lay's worldwide operations and then the CEO and chairman of PepsiCo. Reinemund is expected to retire as PepsiCo's chairman next May. He holds an MBA from the University of Virginia, is a graduate of the U.S. Naval Academy and is a former Marine Corps officer.
The lecture on the WSU campus is free, but tickets are required for admittance. Cost for the business luncheon is $50. For more information, contact Joan Adkisson at 978-6403.
The Schwartz Memorial Lecture Series was revived last year by friends of James Schwartz, an up-and-coming Pizza Hut executive who was killed at age 36 by lightning at Crestview Country Club. The lecture series established following his death in 1973 brought in outstanding business people to talk at WSU, but eventually the fund for the series dwindled. With the help of James' son, Jim, and James' good friend Dan Carney, along with others, the series was reinstated last year with a lecture by Wal-Mart CEO H. Lee Scott.