E1P1: Steve Reinemund

Episode Information

What do you do after running one of the biggest companies in the world and one of the most prestigious schools in the country? On the series premiere of the Resolutionist, Milledge Hart and co-host Joe Pardavila speak with Steve Reinemund. Steve is the former chairman and CEO of PepsiCo and former dean of the Wake Forest University School of Business. In part one, Steve discusses how his transition from the Marine Corp to corporate America prepared him for his post career life, what it was like to walk away from PepsiCo after guiding the company to $9 billion dollars in revenue, and what he means by “growth is oxygen.”

About Steve Reinemund:
Steve is former chairman and CEO of PepsiCo and former dean of the Wake Forest University School of Business. During his tenure as dean, the school transformed the approach to business education by integrating the undergraduate and graduate faculties, focusing on career development, emphasizing leadership and ethics, championing diversity, and raising the level of excellence in teaching. Under Steve’s leadership, the School of Business raised $74 million and increased student enrollment 50 percent.

Steve retired from PepsiCo in 2007. During his CEO tenure, revenue grew 30 percent, net income rose 70 percent, and PepsiCo’s market cap exceeded $100 billion for the first time. He was twice named to Barron’s “World’s Most Respected CEO List” and was named to Businessweek’s Top 25 “Managers of the Year” in 2002 and 2005. Steve left a legacy marked by a strong management team, a commitment to health and wellness, diversity and inclusion, and values-based leadership.

Steve is currently a member of the board of directors of Walmart, Vertiv, Chick-Fil-A and the United States Naval Academy Foundation. In 2020 he retired from the boards of ExxonMobil and Marriott and has served as a director of American Express and Johnson & Johnson.

He served on the national advisory board of The Salvation Army for nine years and chaired the board for three years. Steve received the National Assembly of Voluntary Health and Social Welfare Organization 1998 Award of Excellence for service as national chairman of The Salvation Army, The Salvation Army Order of Distinguished Service Award in 1999 and The Salvation Army Evangeline Booth Award in 2007. Steve chaired The National Minority Supplier Development Council for two years and was named Executive of the Year in 2004 by The Minority Business News. Steve will be honored in April 2021 with The Horatio Alger Award.

Steve graduated from the United States Naval Academy in 1970 , served five years as an officer in the United States Marine Corps and was honored as a U.S. Naval Academy Distinguished Graduate in 2018. He received a master’s of business administration degree from the University of Virginia in 1978 and was awarded the Charles Abbott Award in 2007. He has honorary doctorate degrees from Johnson and Wales University and Bryant University.

Steve and his wife, Gail, have been married for 46 years and have four children and five granddaughters.