E1P2: Steve Reinemund

Episode Information

Milledge and Joe conclude their conversation with Resolutionist, Steve Reinemund, the former chairman and CEO of PepsiCo and former dean of the Wake Forest University School of Business. In part two, Steve discusses the importance of finding your passion, how the pandemic has opened up new channels of communication and why going into business with his son has become one of the greatest privileges of his life.

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.