Ramon Laguarta and Greg Hayes are prominent U.S. corporate leaders, but there is no verified public evidence that they have worked together at the same company, served together on the same corporate board, or maintained a formal business partnership. Their clearest connection is broader: both have operated within the senior leadership network surrounding major U.S. corporations and the Business Roundtable.
As of September 2026, Laguarta remains Chairman and Chief Executive Officer of PepsiCo, while Hayes has completed his executive career at RTX and continues to serve as a corporate director elsewhere. Public filings show parallel careers at the top of large global companies, but they come from very different industries and professional backgrounds.
Who Are Ramon Laguarta and Greg Hayes?
Ramon Laguarta is the Chairman and CEO of PepsiCo, the global food and beverage company behind brands including Pepsi, Lay’s, Gatorade, Doritos and Quaker. Greg Hayes, formally Gregory J. Hayes, is the former CEO and Executive Chairman of RTX Corporation, the aerospace and defense company formerly known as Raytheon Technologies.
Their careers occasionally appear together in searches because both spent years leading large American public companies and participating in the wider network of CEOs, directors and business-policy organizations. That similarity should not be mistaken for evidence of a private or corporate partnership.
| Detail | Ramon Laguarta | Greg Hayes |
|---|---|---|
| Full name | Ramon L. Laguarta | Gregory J. Hayes |
| Age in 2026 | 62 | 65 |
| Best known for | Chairman and CEO of PepsiCo | Former CEO and Executive Chairman of RTX |
| Main industry | Food and beverages | Aerospace and defense |
| CEO appointment | PepsiCo CEO in 2018 | UTC CEO in 2014; later RTX CEO |
| Current executive status | Active PepsiCo Chairman and CEO | No longer an RTX executive |
| Current outside roles | IBM board; Business Roundtable board | Phillips 66 board; BD board |
| Education | ESADE, Thunderbird | Purdue University |
| Major transformation associated with career | PepsiCo portfolio and strategic transformation | Formation and leadership of RTX |
PepsiCo’s 2026 proxy lists Laguarta as 62, while Phillips 66’s 2026 proxy identifies Hayes as 65 and describes him as the former Executive Chairman of RTX.
What Is the Connection Between Ramon Laguarta and Greg Hayes?
The most accurate answer is that their connection is indirect and institutional rather than a documented personal or corporate relationship.
A review of current company biographies, SEC filings, board records and leadership disclosures does not identify Laguarta and Hayes as co-founders, business partners, colleagues or directors of the same company. It also does not establish a family relationship between them.
There is, however, an important overlap in the larger U.S. corporate-leadership community.
RTX’s 2025 proxy stated that Hayes, during his final period of executive leadership, worked with organizations including the Business Roundtable, the U.S. Chamber of Commerce and the Aerospace Industries Association on issues relevant to RTX.
Laguarta subsequently became part of the Business Roundtable’s senior board leadership. The organization’s 2026 leadership announcement lists him as Chair of its Education and Workforce Committee while continuing to serve as PepsiCo Chairman and CEO.
This provides a real institutional link between the two executives’ professional worlds. It does not, by itself, prove that the two men personally collaborated on a specific project.
Ramon Laguarta’s Career at PepsiCo
Laguarta joined PepsiCo in 1996 after working for Spanish confectionery company Chupa Chups. His career developed largely through international management roles before he moved into PepsiCo’s highest corporate positions.
He led businesses across Europe and emerging markets and later served as CEO of PepsiCo’s Europe and Sub-Saharan Africa operation. In 2017, he became President of PepsiCo, with responsibility covering corporate strategy, global operations and several other major functions.
Becoming PepsiCo CEO
Laguarta succeeded Indra Nooyi as PepsiCo’s CEO on October 3, 2018. PepsiCo’s board then elected him Chairman, effective February 1, 2019.
That transition made him the sixth CEO in PepsiCo’s history.
Under Laguarta, PepsiCo has emphasized portfolio development, international growth, digital capabilities, operational transformation and its pep+ strategy. PepsiCo describes pep+ as an approach integrating business growth with supply-chain resilience, sustainability and changes in consumer preferences.
The company’s most recent annual filing reported $93.925 billion in net revenue for fiscal 2025, compared with $91.854 billion in 2024.
Laguarta’s Expanding Board Roles
Laguarta’s influence now extends beyond PepsiCo.
IBM elected him to its board effective March 1, 2026, citing his experience using technology to transform a large global enterprise. IBM’s current governance materials continue to identify him as a director.
He also serves on the Business Roundtable board. PepsiCo’s current biography lists both IBM and Business Roundtable among his outside board responsibilities.
His academic background includes an MBA from ESADE Business School in Spain and a master’s degree in international management from Thunderbird School of Global Management.
Greg Hayes’ Career From UTC to RTX
Greg Hayes followed a substantially different route. His career centered on aerospace, industrial technology, finance, mergers and corporate restructuring.
Hayes earned a bachelor’s degree in economics from Purdue University and became a certified public accountant. He built his early corporate career in financial and strategic roles before eventually becoming one of the most important executives at United Technologies Corporation, commonly known as UTC.
He became UTC’s CEO in 2014 and Chairman in 2016.
Hayes and the Creation of RTX
One of the defining events of Hayes’ career was the transformation of United Technologies and the creation of what became RTX.
Following the 2020 combination of United Technologies’ aerospace businesses with Raytheon Company, Hayes became the leader of Raytheon Technologies. The company later adopted the shorter RTX name.
RTX’s official biography credits Hayes with playing a central role in the formation of the company through the combination involving UTC’s Pratt & Whitney and Collins Aerospace businesses and Raytheon Company.
He served as RTX’s CEO until May 2, 2024, when Christopher Calio succeeded him. Hayes then moved into the Executive Chairman role.
Hayes’ Departure From RTX Leadership
RTX announced in February 2025 that Hayes would leave the Executive Chairman position and the company’s board on April 30, 2025.
He then remained an RTX employee as Special Advisor to the CEO through January 2, 2026, according to the company’s SEC filing.
RTX’s 2026 proxy confirms that Hayes ceased serving as both a director and executive officer on April 30, 2025, while Christopher Calio became Chairman in addition to President and CEO.
That means descriptions of Hayes as the current RTX CEO or Chairman are outdated in 2026.
What Is Greg Hayes Doing Now?
Hayes has moved from operating leadership into corporate governance roles.
Phillips 66’s 2026 proxy identifies him as a current independent director and former RTX Executive Chairman. He has served on the Phillips 66 board since 2022 and chairs its Nominating and Governance Committee, while also serving on other board committees.
Hayes also joined the board of medical-technology company BD, formally Becton, Dickinson and Company. BD’s January 2026 shareholder results confirm that Hayes was elected to another one-year term as a director.
His post-RTX work therefore remains closely connected to corporate strategy, governance, executive oversight and board leadership.
Also Read: Nathan Blecharczyk and Greg Hayes
Ramon Laguarta and Greg Hayes Followed Similar CEO Paths
Although they worked in unrelated industries, there are meaningful parallels between their careers.
Both Became CEOs After Long Internal Careers
Neither executive was brought in as a short-term outsider.
Laguarta spent more than two decades at PepsiCo before becoming CEO. Hayes similarly accumulated decades of experience inside United Technologies and its predecessor organizations before reaching the top job.
This gave both leaders extensive institutional knowledge before they became chief executives.
Both Led Large Corporate Transformations
Their transformations were different in nature.
Laguarta has overseen changes to PepsiCo’s operating model, product portfolio, technology capabilities and long-term growth strategy.
Hayes dealt more heavily with corporate structure, aerospace operations and major transactions, most notably the events that produced Raytheon Technologies, now RTX.
Both Combined CEO Experience With Board Leadership
Laguarta has held the PepsiCo Chairman and CEO roles simultaneously since 2019 and now serves as an IBM director.
Hayes combined chairman and CEO responsibilities at UTC and RTX before transitioning into independent board work at companies such as Phillips 66 and BD.
This board-level experience is another reason their names can surface in searches about prominent corporate executives even when no direct business relationship exists.
How Different Are PepsiCo and RTX?
The companies associated with Laguarta and Hayes are both major global enterprises, but their businesses are fundamentally different.
PepsiCo sells consumer food and beverage products through retail, food-service and other channels worldwide. RTX develops and supplies aerospace and defense technologies through businesses including Collins Aerospace, Pratt & Whitney and Raytheon.
For 2025, PepsiCo reported $93.925 billion in net revenue. RTX reported $88.603 billion in consolidated net sales, consisting of approximately $64.171 billion in product sales and $24.432 billion in services.
Those figures illustrate that Laguarta and Hayes have both operated at the scale of extremely large multinational corporations, despite serving very different markets.
Executive Compensation Is Another Important Difference
Public SEC disclosures make it possible to discuss executive compensation without relying on speculative net-worth estimates.
PepsiCo reported Laguarta’s 2025 total compensation at $23,903,545 under SEC compensation-reporting rules. His 2025 year-end base salary was $1.81 million, while PepsiCo approved a $1.85 million base salary for 2026. Much of the reported total consists of stock-based and performance-related compensation rather than ordinary salary.
Hayes was already transitioning out of RTX leadership by 2025. For 2024, RTX disclosed $3.42 million in direct compensation consisting of a $1.1 million base salary and $2.32 million annual incentive following his move from CEO to Executive Chairman. RTX said he would continue receiving a $1.1 million annualized salary while serving as Special Advisor in 2025 but would not receive a 2025 annual incentive or new long-term incentive award.
These company disclosures should not be confused with personal net worth. Reliable public records do not provide a complete accounting of either man’s private assets and liabilities, so precise online “net worth” estimates should be treated cautiously.
Ramon Laguarta and Greg Hayes: What Is Verified and What Is Not?
The distinction matters because search results involving two famous executives can easily imply a connection stronger than the underlying evidence.
Verified:
- Laguarta is Chairman and CEO of PepsiCo.
- Hayes is the former CEO and Executive Chairman of RTX.
- Both have led major U.S.-listed multinational companies.
- Both have been connected professionally with the Business Roundtable ecosystem.
- Laguarta now has outside governance roles including IBM and Business Roundtable.
- Hayes continues his board career at Phillips 66 and BD.
Not established by reliable public records:
- A direct business partnership between Laguarta and Hayes.
- Employment at the same company.
- A joint investment or company owned by both men.
- Service together on the same public-company board.
- A family relationship.
- A publicly documented close personal friendship.
The absence of such evidence does not establish that the two executives have never met. Senior business leaders frequently attend the same conferences, policy meetings and industry events without those encounters creating a formal professional relationship.
Why Do People Search for Ramon Laguarta and Greg Hayes Together?
Searches for two executives together often reflect an attempt to discover whether they share a company, board position, investment, transaction or professional relationship.
For ramon laguarta and greg hayes, the available evidence points more strongly toward a comparison of two influential corporate careers than toward an undisclosed joint venture.
Both rose internally through major companies, became chairmen and CEOs, managed large-scale transformations and developed extensive experience dealing with investors, boards, regulators and global operations. Their career histories therefore fit naturally into discussions of U.S. corporate leadership even though their core industries rarely overlap.
Current Status in 2026
As of September 2026, their professional situations are quite different.
Ramon Laguarta remains actively responsible for PepsiCo as both Chairman and CEO. He also joined IBM’s board in March 2026 and holds a leadership role within Business Roundtable.
Greg Hayes has completed his RTX executive transition. His Special Advisor arrangement was scheduled to end January 2, 2026, and current filings identify him as a former RTX Executive Chairman rather than a serving RTX officer. He remains involved in corporate governance through companies including Phillips 66 and BD.
FAQ
Are Ramon Laguarta and Greg Hayes business partners?
No verified public record identifies Ramon Laguarta and Greg Hayes as business partners. Their careers have been centered on PepsiCo and RTX respectively, with an indirect overlap through the wider U.S. corporate leadership community.
Are Ramon Laguarta and Greg Hayes related?
There is no credible public evidence showing that Ramon Laguarta and Greg Hayes are related by family or marriage. Their appearance together in searches should not be interpreted as evidence of a personal relationship.
Did Ramon Laguarta and Greg Hayes work for the same company?
No. Laguarta built his main career at PepsiCo, while Hayes spent his principal corporate career at United Technologies and later RTX.
Did Ramon Laguarta and Greg Hayes serve on the same board?
No shared public-company board membership was identified in the current official records reviewed. Laguarta currently serves on the PepsiCo and IBM boards, while Hayes has current board roles including Phillips 66 and BD.
What connects Ramon Laguarta and Greg Hayes professionally?
Their main documented connection is through the broader network of senior American corporate leaders. Hayes’ RTX disclosures recorded his involvement with Business Roundtable, while Laguarta is now a Business Roundtable board member and chairs its Education and Workforce Committee.
Is Greg Hayes still the CEO of RTX?
No. Christopher T. Calio succeeded Hayes as RTX CEO on May 2, 2024. Hayes subsequently became Executive Chairman, left that position and the RTX board on April 30, 2025, and served as a Special Advisor through January 2, 2026.
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