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U.S. President Donald Trump, who launched the renegotiation of the 1994 pact a year ago, has said he wants the reworked deal to bring manufacturing jobs back to the United States. Guajardo on Monday also said that Canada, which is not participating in U.S.-Mexico talks that began in Washington two weeks ago after months of negotiations between the three trade partners, could join next week, depending on progress in the next few days between Mexico and the United States. The bilateral meetings have yielded important developments, Guajardo said, adding that he will return to Washington midweek. He did not give details.
Mexican sources briefed on the negotiations have said mother of pearl round screw stud set cufflinks Mexico has offered to raise the threshold for regional content beyond a May proposal of 70 percent, up from the current level of 62.5 percent, The United States is seeking 75 percent as well as demanding a proportion of vehicles be made in factories paying $16 an hour or more, Mexico’s El Economista financial newspaper on Monday reported that Mexico had agreed to those demands, in return for a five-year transition period, Asked about the reports, Mexico’s chief trade negotiator Kenneth Smith said that no deal on autos had yet been reached..
“We haven’t closed or resolved this chapter yet,” Smith told reporters after the same event in Mexico City, saying that Canada also needed to take part before negotiators could reach final decisions. Smith said Mexico and the United States were discussing technical details and each other’s proposals involving the auto sector, and that Mexico was explaining the areas it considered particularly sensitive. He also said Mexico would not budge on its rejection of U.S. bids for seasonal restrictions on fresh products or a sunset clause that could strike down NAFTA agreements after five years.
(Reuters) - PepsiCo Inc has appointed Ramon Laguarta to take over as chief executive from Indra Nooyi, mother of pearl round screw stud set cufflinks handing the reins to a veteran who led the company’s fast-growing emerging markets business, Laguarta, who starts on Oct, 3, will be tasked with managing the company’s response as consumer tastes move away from sugary drinks, Nooyi, 62, is stepping down after 24 years at PepsiCo, where she held a variety of roles, including her most recent 12 years as CEO, Her departure also leaves only one woman of color among Fortune 500 CEOs..
Laguarta will be PepsiCo’s sixth CEO in its 53-year history. “Ramon Laguarta is exactly the right person to help build on @PepsiCo’s strong position and success. He has been a critical partner and friend and I am positive that he will take PepsiCo to new and greater heights in the years to come,” Nooyi tweeted on Monday. A 22-year veteran of PepsiCo, Laguarta oversaw global operations, corporate strategy, public policy and government affairs in his role as president. The Spaniard previously headed the company’s Europe Sub-Saharan Africa (ESSA) division - a unit PepsiCo characterized as “one of the most complex business divisions in the company,” due to its mix of both developed and emerging markets.
Laguarta, 54, was named president of the company in September last year mother of pearl round screw stud set cufflinks and was tipped to succeed Nooyi, He also formerly led PepsiCo’s Eastern European operations, “With a deep understanding of PepsiCo’s international operations, and a broader understanding of the total company portfolio in his role as president, we believe that Laguarta is well-placed to continue executing on PepsiCo’s current strategy,” Cowen & Co analysts said, PepsiCo’s shares were up 1.6 percent in morning trading on Monday, touching a seven-month high of $118.21 earlier in the session..
Nooyi is the third female CEO to leave a Fortune 500 company in the last one year after Denise Morrison quit Campbell Soup in May and Irene Rosenfeld stepped down as the head of Oreo-cookie maker Mondelez International Inc in August 2017. That leaves only 23 female CEOs at Fortune 500 companies, representing less than 5 percent of the total, according to the Fortune magazine. In her climb to the top, Nooyi had been at the forefront of several deals that reshaped PepsiCo. While she was chief financial officer, PepsiCo bought Quaker Oats and when she was vice president of corporate strategy, it spun off its interest in Pizza Hut, KFC and Taco Bell.
However, it was after becoming CEO in October 2006, that Nooyi cemented PepsiCo’s dominance in the global snacks and drinks market - inking 80 tactical deals, including buying its bottling operations and the Naked juice brand, She has also bolstered its portfolio of healthier offerings, which now account for nearly half of its sales, compared with about 38 percent in 2006, better aligning its portfolio with evolving consumer tastes, according mother of pearl round screw stud set cufflinks to Morningstar analyst Sonia Vora, More recently, Nooyi focused on reinvigorating sales of its marquee sodas by stepping up marketing efforts to win market share from Coca-Cola..
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