July 4, 2022

Bob Pohlad Biography, Age, Family, Wife, Investments, Pepsico, and Net Worth

Bob Pohlad Biography

Bob Pohlad is an American owner of the Minnesota Twins. He is also the son of Eloise and businessman Carl Pohlad. furthermore, Bob inherited ownership of the Twins franchise after the death of his father in January 2009.

Bob Pohlad Age

Pohlad was born in the year 1953. However, he has not revealed any information about his birth date nor actual age. Reports have indicated that as of 2021 he is about 68 years old. Aside from his age, Bob has managed to keep any detail about his family all to himself.

Bob Pohlad wife

Pohlad got married to Becky Pohlad.

Bob Pohlad Height

There is no current information about his height. We will update you soon.

Bob Pohlad Pepsico

“Bob brings to our Board a spirit of entrepreneurship built on decades of experience in the beverage industry,” said Indra Nooyi, PepsiCo Chairman, and CEO.  “His significant expertise in the beverage and finance sectors will provide valuable, independent insights as we continue to innovate and drive long-term profitability.”

Mr. Pohlad currently serves as President of Dakota Holdings, LLC. A Minneapolis-based holding company, which operates more than 25 businesses in financial services and banking, commercial real estate, automotive sales, and sports and entertainment. Moreover, Pohlad previously served as Chairman and Chief Executive Officer of PepsiAmericas, Inc., which was PepsiCo’s second-largest bottler at the time of its acquisition by PepsiCo in February 2010.

“We’re pleased to welcome Bob to our Board,” said Ian Cook, Presiding Director. “He has more than 25 years of executive experience is something that will benefit not only the Board but all shareholders.”

“I am excited to put my knowledge of the industry to work for PepsiCo and all its shareholders. Likewise, I look forward to working with PepsiCo’s Board and leadership team to continue to drive long-term value as a food and beverage innovator,” said Pohlad.

Bob Pohlad Pepsi

Bob Pohlad’s responsibilities focus primarily on oversight of the family’s operating companies; NorthMarq Capital, Carousel Motor Group, PaR Systems, J. B. Hudson Jewelers, and involvement at Go Media.

Graduating in 1976 from Arizona State University Bob began a 35-year career in the family’s Pepsi-Cola businesses. Later, in 1998 he became Chairman and CEO of PepsiAmericas. As a result, it grew to become the second-largest Pepsi Bottler in the world. However, in 2010 was acquired PepsiCo. Afterward, in 2015 Bob was elected to the Board of Directors of PepsiCo.

Previously Bob served on the Board of Visitors at the University of Minnesota Medical School, Breck School, the board of MPR, and Cristo Rey Jesuit High School. Currently, he is Chair of the Board of Trustees at the University of Puget Sound in Tacoma, Washington.

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Minnesota twins

 Minnesota Twins co-owner Bob Pohlad and his wife, Becky, have sold their Edina home for $3.1 million, according to a certificate of real estate.

Bob Pohlad photo

Bob Pohlad Net Worth

Pohlad’s estimated net worth is $670 million dollars. This is after he inherited the family’s holdings in Minnesota Twins. aside from that, he also runs the family’s real estate development and investment interests. Therefore, his family’s lifestyle and cars clearly show that they are making real money in life.

Bob Pohlad Twitter

Bob Pohlad Instagram

https://www.instagram.com @bobpohlad

Bob Pohlad News

Pohlads Making Moves for Faster Growth

After selling the Pohlad Cos.’ banking and bottling businesses, Robert Pohlad says the business has “a great deal of liquidity” to expand.

To accelerate growth, Robert and his brothers Jim and Bill created a new position called chief operating and strategy officer. Mike Borofsky, a Yale- and Columbia-educated lawyer, assumed that role in January after working on acquisitions at a New York-based investment company.

Robert, Jim, and Bill inherited ownership of Pohlad Cos. after the death of their father, Carl, 10 years ago. While Jim focuses on the Minnesota Twins, Bill makes movies, and Robert oversees multiple businesses, Robert tells TCB that all three are involved in the big decisions.

Because their ownership stakes are “absolutely equal,” Robert says, “no one brother has any greater decision-making authority than another brother.” In 2017, the three agreed that PaR Systems, a Shoreview-based robotics manufacturer, was a good growth vehicle.

(Pohlad Cos. has a diverse collection of businesses, including United Properties, NorthMarq Capital, JB Hudson Jewelers, and auto dealerships.)

The brothers want to grow their existing businesses but are also searching for deals that are “bolt-on acquisitions” that would fit with their existing businesses. However, Robert adds, “we have been and want to continue to cast a relatively wide net” for new types of businesses.

“We won’t get into retail or health care,” he says. The Pohlad’s own two radio stations, but Robert says radio will not be an area of growth. Might they sell the stations? “I wouldn’t be surprised” if they did, he says. “We thought there was a synergy with baseball,” but “that has proven more difficult than we thought.”

Adopted from TwinCities People