Steven Reinemund

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Quick facts

Family: Wife Gail Reinemund. Four children; his oldest son, Steven, worked at Walmart’s headquarters in Arkansas from 2003 to 2007.[1]

Age: 63[2]

Residence: Winston-Salem, NC

Wealth

Real estate

Reinemund and his family live in Winston-Salem, NC, in a house they purchased in 2008 for $3.8 million. The five-bedroom home has a tennis court and a swimming pool.[3]

Reinemund and his wife also own a home in Steamboat Springs, CO. They purchased it in 1998 for $900,000 and it is now valued at $2 million.[4]

Corporate pay

In each of his last two full years as CEO of Pepsi, Reinemund was paid a base salary of $1 million and an annual bonus of $4.5 million.[5]

In 2007, as he was preparing to retire from Pepsi, Reinemund joined the corporate boards of American Express, Marriott, and Exxon Mobil. Three years later he joined the Walmart board. In 2010, he was paid $927,318 to serve on these boards.[6] In addition, he owns shares in these companies that are currently worth $4.2 million.[7]

Educational and professional background

Education

BS, United States Naval Academy, 1970[8]

MBA, University of Virginia, 1978[9]

Professional life

Dean of Business and Professor of Leadership and Strategy, Wake Forest University

Reinemund has been Dean of the Wake Forest University Schools of Business since June 2008.[10]

PepsiCo, Inc.

Reinemund had a 23-year career at Pepsi, and was Chairman and CEO from 2001 to 2006.[11]

Previous work

Before he began at Pepsi, Reinemund served in the Marine Corps and worked at IBM and Marriott.[12]

Corporate boards

• Walmart, Director, 2010-present[13]
  
• American Express Company, Director, 2007-present.[14]
• Exxon Mobil Corporation, Director, 2007-present.[15]
• Marriott International, Inc., Director, 2007-present.[16]

Political giving

Federal election giving

Since the beginning of the 2008 election cycle, Reinemund has given $17,500 in donations to Republican candidates and $10,000 to the political action committee (PAC) of Marriott International, a company on whose board of directors he serves.[17]

 Community connections

• Furman University: Reinemund will join the Furman University Board of Trustees in July 2012.[18]
  
• The Cooper Institute: Trustee (2003-present).[19] The organization supports research and communications in preventive medicine and public health.[20]
• Reinemund Family Foundation: Reinemund is the president of his family’s foundation. His wife, Gail T. Reinemund, is the foundation’s Vice-President, and his two sons, Steven and Jonathan, serve as directors.[21] At the end of 2010, the most recent year for which data are available, the foundation had $4.4 million in assets. In that year, it donated about $370,000, 70 percent of which went to the Cooper Institute.[22]