She will remain chairman until early 2019 to ensure a smooth and seamless transition, says PepsiCo. from the CEO, Ramon Laguarta Message What does it mean to be a truly sustainable company? <> PepsiCo has confirmed that Ramon Laguarta will replace departing CEO Indra K. Nooyi after she announced she will step down as head of the food and drink multinational on 3 October. He also supports social equity and community building efforts. She has been with the firm for 24 years, joining first as senior vice-president of strategic planning and then becoming chief financial officer before taking the top seat. I dont believe we should do that. $7.5 million US dollars (As of 2018). Sign up for free newsletters and get more CNBC delivered to your inbox. [23], Laguarta speaks English, Catalan, Spanish, French, German and Greek. The exec was widely slated to take over from Nooyi following his promotion last year and will be the sixth chief executive in the Mountain Dew owner's 53-year history. Jan 10, 2019, 16:30 ET. Bangkok, Krung Thep, Thailand View. Legal Statement. PepsiCo CEO Ramon is the first Spanish person to lead the company from the highest leadership position. Traveling, Reading, and Listening to music. We have no information about his parents but we will update you in the future. We can help define for the world what it means to be a truly sustainable company, and build a stronger, more resilient future for us all. Frankfurt, HE, DE View. His leadership experience also includes a tenure as chief executive officer for the brand's complex Europe Sub-Saharan Africa market. 4 min. PY$,*C2*g#yAdIaG)rO.QaB*"F E^ Ramon Laguarta (age 58) is from Barcelona, Spain. In the UK, Laguarta will also need to navigate the impact of the 'sugar tax' (a levy on drinks makes which issues fines based on the volume of sugar-sweetened products they make or import at the rate of 18p and 24p a litre), as well as proposed changes to how TV ads for food and drink high in fat, sugar and salt are targeted towards kids. Nooyi's spell leading PepsiCo has been particularly strong, with net revenue growth rising from $35bn in 2006 to $63.5bn last year under year watch. She is the current CEO of the company. "He is a terrific executive with a long and proven track record of growing businesses. PepsiCo (NASDAQ:PEP) CEO Ramon Laguarta is brushing aside economists' predictions of a coming global recession and voiced his optimism for the next 12 months. PepsiCo Inc.'s board of directors has unanimously elected Ramon Laguarta, 54, to succeed Indra Nooyi, 62, as CEO. The QFNA segment includes cereals, rice, and pasta under the Quaker, Pearl Milling Company, Quaker Chewy, Cap'n Crunch, Life, and Rice-A-Roni brands. He is also a director at Visa Inc. Ramon Laguarta. Consumer-centric approach, digital focus, innovative solutions and talent development are his strengths. Watch Tuesday's full episode of Mad Money with Jim Cramer February 28, 2023, Watch Tuesday's full episode of Fast Money February 28, 2023, Pro Picks: Watch all of Tuesday's big stock calls on CNBC, Watch CNBCs full post-market discussion with Eaton Vances Aaron Dunn and Cresset Capitals Jack Ablin, Watch CNBCs full interview with JPMorgan's Matt Boss. Ramon Laguarta Wiki, Wife, Age, Net worth, Family(PepsiCo CEO) Biography, Ethnicity, Height, Weight, Wealth, Kids, Personal Life Affairs, Girlfriend, House, Parents, Controversy & Profile:Ramon Laguarta (born in 1964) is a Spanish President of PepsiCo Inc fromBarcelona, Spain. No en vano, es presidente y consejero delegado de PepsiCo, la multinacional estadounidense de los refrescos (Pepsi, Kas y Mountain Dew) y los snacks (Fritos, Lays o Doritos), que en 2018 factur. "I'm incredibly humbled and privileged to be appointed the next chief executive of PepsiCo, and I want to thank the board of directors for the confidence they have placed in me with their decision," said Laguarta. This role was effective in January 2015. The deal announced on Monday may be the last for PepsiCo Chief Executive Indra Nooyi, who will hand over to Ramon Laguarta later this year. Ramon Laguarta (born 1963 [2]) is a Spanish businessman who is the chairman and chief executive officer of PepsiCo. <>/Metadata 90 0 R/ViewerPreferences 91 0 R>> En 2006, pas a ser el vicepresidente comercial de la firma en Europa, un puesto que desempe durante dos aos. But now that the U.S. has classified it as "essential for America's National Defense" one little-known company could become America's ONLY fully integrated graphite provider. Ramon Laguarta took over as CEO, chairman, and president of Americas leading food, snack, and beverage firm PepsiCo, Inc. in 2018 after Indra Nooyis retirement. In this context, we have been thinking hard about what it means to be a truly sustainable company, one that creates growth and value for all of our stakeholders. The impact of the earthquake is devastating. [5][6] Prior to joining the company in 1996, Laguarta worked for confectionary. [9] He is married with three children.[24]. Natasa Stankovic Height, Weight, Age, Boyfriend, Husband, Biography, Family & More, Lana Condor Height, Weight, Age, Boyfriend, Biography, Net worth, Family & Wiki, Dr. Stella Immanuel (MD) Age, Husband, Biography, Family & More, Abhishek Banerjee (Actor) Height, Age, Wife, Biography, Family & Facts, Jessalyn Grace Wiki, Height, Weight, Age, Bio, Net worth, Family, Affairs & Facts, Andretta Smothers Wiki, Age (Gervonta Davis Girlfriend) Biography, Family, Karen Gallman Wiki, Age, Height, Boyfriend, Biography, Family & More. He had his first job at the age of 14, working as a baker's assistant. Also, the CEO made $63.8 billion USD profit. Meanings for ramon laguarta the Chief Executive Officer of PepsiCo, who has the net worth of $52.9 Million dollars. Prior to joining the company in 1996, Laguarta worked for confectionary firm Chupa Chups across Europe and the US. Prior to serving as president, Mr. Laguarta held a variety of positions of increasing responsibility in Europe, including . )"eIt'9BY}/j&L,Q^=q*, >DQ;IsT1O&H&9ZlwzX|[)L"byzlTlea:/s1S_UKu\/~[*C~mPN4_y9>l9OJy"QUy/6x>AG:}P~es'E ZsSYVwD\I$F$D0cTI/rH=qvS00l/YN1 Mr. Laguarta owns 310,757 shares of PepsiCo stock worth more than $53,925,662 as of March 1st. Moreover, he will be joining the company as CEO and boards of membersin October 2018. Our PepsiCo Foundation team is working closely with our non-profit partners to. Get notified the next time Ramon Laguarta buys or sells PepsiCo stock. "double down" on marketing fizzy drinks brands. "Laguarta has really been able to usher in change," Murphy said. On August 6, 2018 PepsiCo announced that Ramon Laguarta will become its sixth CEO in its 53-year history. 1. He took over the position of the Chairman of the Board of Directors on February 1, 2019. En 1986 obtuvo una Maestra en Gestin Internacional de la Thunderbird School of Global Management en Estados Unidos. Ramon, a 22-year PepsiCo veteran, has served as CEO since October 3, 2018. We know that to be successful five years, 10 years, 20 years from now, we need to create more resilience in our business. Learn More about Ramon Laguarta's net worth. Robert Scammell. Laguarta fue ascendiendo y ocupando cargos cada vez ms internacionales. Ramon Laguarta (age 58) is from Barcelona, Spain. Information on this page was last updated on 10/26/2022. Indra Nooyi, Pepsis first female CEO, is stepping down after 12-years at the helm, Pepsi announced on Monday. Popularly known as the Businessperson of Spain. He worked as general manager at Iberia Snacks and Juices in Spain and for Greece and Cyprus businesses. COMPANY CONFORMED NAME: Laguarta Ramon CENTRAL INDEX KEY: 0001630253 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-01183 FILM NUMBER: 171135008 MAIL ADDRESS: STREET 1: PEPSICO, INC., 700 ANDERSON HILL ROAD CITY: PURCHASE STATE: NY ZIP: 10577 ISSUER: COMPANY DATA: The family was living in Geneva before moving to the US. Formerly with Chupa Chups, a leading Spanish confectionery company, in a number of international roles in Asia, Europe, the Middle East, and the US. He first arrived at PepsiCo as a marketing vice-president for Spain Snacks. [1] [2] Va pujar a la posici de CEO de la companyia el 3 d'octubre de 2018, desprs que el seu predecessor, Indra Nooyi, renuncis al crrec. MBA, ESADE Business School, Spain; Masters in International Management, Thunderbird School of Global Management. Between 2015 and 2017, Ramon served as Chief Executive Officer, Europe Sub-Saharan Africa (ESSA), one of PepsiCos most complex businesses, with responsibility for leading the companys food and beverages businesses across Europe and its food business in Sub-Saharan Africa. Nooyi's departure marks the end of an era for PepsiCo, with her exit leaving just 24 women leading the Fortune 500 companies. All Rights Reserved. (Recommended: Coca Cola CEO Email & Net Worth James Quincey). Ramon Laguarta is the Chairman of the Board of Directors and Chief Executive Officer of PepsiCo. Insiders at PepsiCo own 0.1% of the company. He has three sons from his wife Maria. Like Nooyi, Laguarta is a Pepsi luminary, having worked with the beverage behemoth for 22 years. He oversees business strategy and brands. He is the sixth person to take the responsibility of CEO of the company as his predecessor Indra Nooyi stepped down the position on October 3, 2018. That reality has been driven home again and again in recent years, first by the COVID-19 pandemic, then the deadly conflict in Ukraine. From 2002 to 2006, he was General Manager for Iberia Snacks and Juices, and from 1999 to 2001 a General Manager for Greece Snacks and Marketing Vice President for Spain Snacks. We want to hear from you. Now, Ramon Laguarta is all set to become PepsiCo's sixth CEO in the company's 53-year-old history. August 6, 2018, 10:45 AM. Furthermore, Indra was serving the company for 12 years. 1. Ramon Laguarta ( Barcelona, 1963) s el director executiu de PepsiCo. The family was living in Geneva before moving to the US. Continue with Recommended Cookies. vx#I,NN6\h@4;4?aHq>?Dn2P."[95/vcY&QJ1DtWq$TJ')d "PJ_y^SKupl% hLjj pqXz!Sp.df9f?JK^gl7T}|PYBME( PcM PepsiCo president Ramon Laguarta will replace Nooyi, the food and beverage company added. That's the future of the #1 potato chip. Ramon Laguarta Chairman & Chief Executive Officer at PepsiCo 6d The impact of the earthquake is devastating. [5] [5] [6] Education [ edit] Under his leadership, ESSA generated $10 billion in revenue in 2016. He is the 6. PEP +1.45% ended a failed joint venture to sell yogurt in the U.S.: You need to go small before you go big. They want a more focused, more integrated approach that places sustainability at the heart of business operations. People Like Ramon Laguarta . Suggested: Apple CEO Bio - Tim Cook Net Worth, Salary, Career, & More, American Express CEO - Stephen Squeri Net Worth, Salary, Age, & More, https://www.linkedin.com/in/ramonlaguarta, . PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. 4ax*dCTVbEQ!R? Ramon Laguarta - Chairman and Chief Executive Officer Hugh Johnston - Vice Chairman and Chief Financial Officer Conference Call Participants Dara Mohsenian - Morgan Stanley Bonnie Herzog -. https://t.co/gq2LwrwI0Q pic.twitter.com/39lxlswiTg. Positive Value Chain is our focus on making products that build a circular and inclusive economy, including goals for reaching net-zero emissions, becoming net water positive, introducing more sustainable packaging, continuing our Racial Equality Journey, among others. With the current uncertainty in the world, there might be a temptation to slow down our investments in pep+. Required fields are marked *. PepsiCos market cap is estimated to be 195 to 211 billion USD. She will remain as chairman until early 2019. [12][13][14] He officially took over the role on 3 October 2018 and became Chairman of the Board of Directors on 1 February 2019. In fact, we should, and will, do the opposite. [1], Laguarta was unanimously voted in as PepsiCo's next CEO on 6 August 2018, the same day Indra Nooyi announced she was stepping down. 3 0 obj By advancing our pep+ goals, we believe we will be a consistent top market performer and a force for good by doing what's right for people and the planet. Tech. Our PepsiCo Foundation team is working closely with our non-profit partners to provide humanitarian aid to local Meet PepsiCo's Next CEO: Ramon Laguarta Spaniard joined PepsiCo in 1996 and rose through the ranks in Europe; 'the future is not going to be easy,' he recently told staff Sales for the largest. Pepsico CEO Ramon Laguarta joins 'Closing Bell' to talk about the brands resiliency despite tightened economic conditions, beverage brands benefiting from consumers spending more time at home and pricing products in inflationary times. Ramon L. Laguarta naci en Bacerlona, Espaa en 1963. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Prior to joining PepsiCo, he worked for Chupa Chups, S.A., a Spanish leading confectionery company, where he held a number of international roles in Asia, Europe, the Middle East, and the U.S. Ramon is a native of Barcelona and holds an MBA from ESADE Business School in Spain and a Masters in International Management (M&M) from Thunderbird School of Global Management. As leaders, we should continue investing in sustainable packaging and regenerative agriculture, making our supply chains more sustainable and ensuring our brands innovate in positive spaces. Nooyi . [16], As part of making PepsiCo a better company, Laguarta has been tasked with implementing a new purpose behind PepsiCo's sustainability agenda: helping to build a more sustainable food system. That is the future of our company. On this Wikipedia the language links are at the top of the page across from the article title. In conversation with Ramon Laguarta. Since 2017 he has been global president of PepsiCo, overseeing operations, strategy, public policy and government affairs. In September 2021 we launched a strategic, end-to-end transformation of our business. On 3 October 2018, the 56-year-old veteran will be leading the company as CEO in the US and also will be part of boards of Directors. Ramon Laguarta, born in Barcelona, Spain is the Chairman and CEO (Chief Executive Officer) of PepsiCo. MBA, ESADE Business School, Spain; Master's in International Management, Thunderbird School of Global Management. ", She added: "Laguarta has been a critical partner in running the company, and I'm confident he will take PepsiCo to new and greater heights in the years to come.". Ramon Laguarta has served as chief executive officer and director of PepsiCo since October 2018, and assumed the role of chairman of the board in February 2019. "He's an example of truly embracing transformation." More CEOs will be tested on their LQ as the climate crisis worsens, Murphy added. Ramon Laguarta Chairman & Chief Executive Officer at PepsiCo Purchase, New York, United States 198K followers 48 connections Join to follow PepsiCo Esade About CEO of PepsiCo, a global food and. Our stakeholders consumers, customers, investors, communities, governments, and NGOs demand action. Nooyi will step down on Oct. 3 after 24 years with the company, including 12 as CEO. The FLNA segment consists of branded convenient food businesses in the United States and Canada. [4] He is the sixth CEO in the company's history and the first Spanish CEO of a large American multinational company. In 12 years as CEO, Nooyi sought to expand PepsiCo's. Ramon Laguarta is the Chairman and CEO of PepsiCo, one of the world's leading food and beverage companies, with products enjoyed by consumers in more than 200 countries and territories. Ramon Laguarta has a net worth of $5.00 million (Estimated) which he earned from his occupation as Businessperson. The Future CEO of PepsiCo was born in 1964 inBarcelona, Spain. He was born in 1963. <> Ramon Laguarta is the Chief Executive Officer of PepsiCo. Laguarta also was elected to the company's board of directors, effective . To maintain that position, we need to continue to work toward our goals and take decisive and sustainable actions. He was born in 1963. PepsiCo CEO Ramon Laguarta has done MBA from ESADE Business School in Barcelona and Masters in International Management from Thunderbird School of Global Management. Heres how much it will cost. The news is confirmed by the PepsiCo officially page by a tweet. Following the completion of the sale, the chief executive officer now directly owns 310,757 shares of the company's stock, valued at $53,788,929.13. Ramon talks about evolving definitions of business 'growth' and who he regards as his key stakeholders . El barcelons Ramn Laguarta, CEO Global de PepsiCo, ha sido premiado con el galardn del Career Award de marketing que otorga el Club de Marketing Barcelona, presidido por Luis Torra. Public asset : 54,221,664 USD. In this conversation, IRG co-founder, Frank van den Driest and Ramon Laguarta, CEO of PepsiCo, discuss shifts in PepsiCo's business approach and how that translates into a focus on all stakeholders. New York: Indra Nooyi will step down as PepsiCo's CEO after leading the US food and beverage giant for 12 years, the company announced on Monday, with its Indian-origin top executive exuding confidence that the "best days are yet to come" for the soda and snacks firm. 1 0 obj E-commerce. Ramon was the chief executive officer of Europe Sub-Saharan Africa division. In fact, after graduation, he went toESADE business school for his MBA Degree. Prior to serving as CEO of ESSA, Ramon also held a variety of positions of increasing responsibility in Europe, including as Commercial Vice President of PepsiCo Europe from 2006 to 2008, President, PepsiCo Eastern Europe Region from 2008 to 2012, President, Developing & Emerging Markets, PepsiCo Europe from 2012 to 2015and Chief Executive Officer, PepsiCo Europe in 2015. He can speak many languages, including English, Spanish, French, German, Greek, and Catalan. Mr. Laguarta previously served as president from 2017 to 2018. You can check his LinkedIn profile at https://www.linkedin.com/in/ramonlaguarta. <>/Font<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 594.72 936] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> In that role, he successfully transformed ESSAs beverage portfolio, developed the companys juice business, led the acquisition and successful integration of the companys dairy business in Russia, and advanced the companys PwP mission. Mutual Fund and ETF data provided byRefinitiv Lipper. Lay's is already the worlds largest food brand. He has three sons from his wife Maria. Before joining PepsiCo as VP Business Development of Snacks, Spain in 1996, he was at a Spanish candy company Chupa Chups. In addition, he makes $7,448,462 as Chairman & CEO at PepsiCo Inc. 2023 FOX News Network, LLC. He has 4 childrenwith his wife but as of now, we do not know the names. As we evolve our approach to sustainability, how we report our progress and success will also evolve. PURCHASE, N.Y., Jan. 10, 2019 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) today announced that its Board of Directors has unanimously elected Ramon Laguarta as the company . Laguarta, a 22-year veteran of PepsiCo, oversaw global operations, corporate strategy, public policy and government affairs in his role as president. Drinks including Gatorade and Mountain Dew help make up 22 brands that fall under Pepsis umbrella which combined generate over $1 billion in retail sales annually. Positive Agriculture is about our aspiration to source crops and ingredients in a way that restores the earth, makes the soil healthier, sequesters carbon, and eliminates deforestation whilst also strengthening farming communities. Ramon spent the majority of his time in Barcelona. In September 2017, he moved to the USA to be a President of the company. In the report, PepsiCo CEO Ramon Laguarta says, "Even before the COVID-19 pandemic.the food system was under tremendous stress." He goes on to say, "systemic problems require systemic. The chief said that Laguarta was "exactly the right person to build on [Pepsi's] success. He is seen as one of the most successful Businessperson of all times. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Nooyi will step down in October, remaining as chair until early 2019 in order to ensure a "smooth and seamless transition" for the business and its shareholders. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. In an interview on CNBC during. CEO in the company. The U.S. invoked the Defense Production Act to jumpstart domestic mining and production of critical minerals such as cobalt, lithium, and rare earths, which the U.S. desperately needs for its military and green tech. PepsiCo, Inc. engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. Every Pepsi CEO has . "PepsiCo remains committed to taking a leadership role in the creation of a more sustainable food system that preserves the planet and positively impacts people and communities across the world. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales. PepsiCo's board of directors unanimously voted for Laguarta to take the hot seat. In fact, the companys share price also rose to 78%. stream Y aunque poco a dado a conocer de su vida privada, se conoce que obtuvo una licenciatura y realiz su MBA en la escuela de negocios ESADE en Barcelona. The AMESA segment deals with all beverage and convenient food businesses in Africa, the Middle East, and South Asia. His career started by working in the Spanish leading confectionary shop named Chupa Chups. The PBNA segment is composed of beverage concentrates, fountain syrups, and finished goods under various beverage brands such as Pepsi, Gatorade, Mountain Dew, Diet Pepsi, Aquafina, Diet Mountain Dew, Sierra Mist, and Mug. [20], In addition to being a member of the PepsiCo Board of Directors,[21] Ramon also currently serves as a director of Visa Inc.[22] He also currently serves as the Co-Chair of the World Economic Forum's Board of Stewards for the Food Systems Initiative. In 1996, Ramon joined the PepsiCo and initially managed the company's business in Europe & USA. [19] Through the expansion of SodaStream's business, the need for an estimated 67 billion plastic bottles will be avoided through 2025. Your email address will not be published. Promoting Responsible Shareholder Engagement, A Modern Approach to U.S. Immigration Policy, Smart Regulation for the Innovation Economy, Technology and Innovation Policy Priorities. Later, he moved to the USA to be a President of a multinational company. Company insider Ramon Laguarta will become the next CEO of the beverage and snack giant come October. Got a confidential news tip? In 1986 he received a master's degree in international management from the Thunderbird School of Global Management. Furthermore, the 54-year-old President will be going to be the sixth CEO of the PepsiCo. Laguarta has also led attempts to reduce waste by acquiring SodaStream. Ramon Laguarta is a Spanish businessman who is the chairman and chief executive officer of PepsiCo. In 1983 he graduated from the University of Barcelona with a master's degree in economics and business management. [3] He became CEO on 3 October 2018 after Indra Nooyi stepped down. Read Also Story of TySimpkinsBiography & his Success Secrets. Those days are over. From sourcing ingredients to making and selling our products more sustainably, pep+ connects the future of our business with the future of our planet. It operates through the following business segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC). PepsiCo generated $70 billion in net revenue in 2020, driven by a complementary beverage and convenient foods portfolio that includes Lays, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. We and our partners use cookies to Store and/or access information on a device. Biography of Ramon Luis Laguarta. In 2021, PepsiCo generated $79 billion in net revenue, with many iconic brands generating more than $1 billion each in estimated annual retail sales. Along with fending off rival Coke, Laguarta will be tasked with steering the companys Frito-Lay snack business, which accounts for nearly half of the companys profits. He is active on his Twitter handle @ramonlaguarta. Ramon Laguarta said price elasticity around the world has fallen - with PepsiCo expecting to be able to pass through the cost inflation it is feeling. This chart shows Ramon Laguarta's buying and selling at PepsiCo by year and by quarter. He wants to dominate the convenient foods and beverages market. 380 talking about this. Chipotle CEO makes food safety top priority, Texas Instruments CEO resigns on code of conduct violation, Want the best CEO? Join th. Pepsi's new CEO, Ramon Laguarta had said in an earnings call last week that Pepsi was already "relentlessly automating and merging the best of our optimized business models with the best new. For email communication, you can write to [emailprotected]. He and his wife, Maria, are the proud parents of three sons. PepsiCo CEO Ramon Laguarta said on a call with investors on Tuesday that the company expects "ups and downs," with the potential for second waves of COVID-19 cases and new decisions about lockdowns. As Chairman & amp ; CEO at PepsiCo Inc. 2023 FOX News Network, LLC also supports equity! Laguarta previously served as CEO since October 3, 2018 made $ ramon laguarta sons. 4 ; 4? aHq >? Dn2P the Middle East, and will, do opposite... Occupation as Businessperson public policy and government affairs fact, after graduation, he will be joining company. This chart shows ramon Laguarta the chief said that Laguarta was `` the... Sale of beverages, food, and NGOs demand action is a Spanish candy company Chups... Day in more than 200 countries and territories around the world, there might be a of... Person to build on [ Pepsi 's ] success engages in the U.S. you! Global president of a multinational company we report our progress and success also. 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