Marvell vs PepsiCo: Founders, CEOs and History
Marvell was founded in 1995 by Sehat Sutardja, Weili Dai, Pantas Sutardja and is led by Matthew J. Murphy. PepsiCo was founded in 1965 by Caleb Bradham, Donald M. Kendall, Herman W. Lay and is led by Ramon Laguarta.
Company facts
Founders
Marvell
Sehat Sutardja
Sehat Sutardja (1961-2024) was born in Indonesia and earned his master's and PhD in electrical engineering and computer science at UC Berkeley.
Weili Dai
Weili Dai was born in Shanghai and studied computer science at UC Berkeley. She co-founded Marvell in 1995 with her husband Sehat Sutardja and his brother Pantas, and led sales, operations and partnerships, later serving as president.
Pantas Sutardja
Pantas Sutardja, Sehat's brother and also a UC Berkeley-trained electrical engineer, co-founded Marvell in 1995 and worked on its core mixed-signal and storage technology, later serving as chief technology officer.
PepsiCo
Caleb Bradham
Caleb Bradham created "Brad's Drink" at his New Bern pharmacy in 1898, renamed it Pepsi-Cola and incorporated the Pepsi-Cola Company in 1902.
Donald M. Kendall
Donald M. Kendall led Pepsi-Cola and engineered its 1965 merger with Frito-Lay to form PepsiCo, which he ran as CEO until 1986.
Herman W. Lay
Herman W. Lay (1909-1982) started his career as a snack food salesman. In 1932, he opened a snack food operation in Nashville, Tennessee, eventually purchasing the manufacturer and renaming it H.W. Lay & Company.
CEOs and their tenures
Marvell
- Sehat Sutardja1995–2016
Co-founder and Chief Executive Officer
As co-founder and long-time CEO, he scaled the company from a small startup into a multi-billion dollar semiconductor powerhouse before being ousted by the board in 2016 following an internal accounting probe.
Source - Matthew J. Murphy2016–present
Chairman and Chief Executive Officer
Became CEO in 2016 after 22 years at Maxim Integrated. Exited mobile and consumer chips, bought Cavium, Inphi and Innovium, sold automotive Ethernet and refocused Marvell on data infrastructure and AI.
Source - Dan Durn2026–present
Executive Vice President and Chief Financial Officer
As CFO, he aggressively optimized the company's debt profile and oversaw the financial strategy that heavily repositioned Marvell as a pure-play cloud and AI infrastructure provider.
Source
PepsiCo
- D. Wayne Calloway1986–1996
Chief Executive Officer
He more than doubled PepsiCo's revenues during his tenure and heavily invested in the restaurant division before it was later spun off.
Source - Roger Enrico1996–2001
Chief Executive Officer
He dramatically simplified the company's structure, allowing it to focus resources on its core grocery and convenience store distribution networks.
Source - Steven Reinemund2001–2006
Chief Executive Officer
He oversaw significant international expansion and revenue growth, setting a strong operational foundation before handing leadership to Nooyi.
Source - Indra Nooyi2006–2018
Chief Executive Officer
Under her 12-year tenure as CEO, PepsiCo's revenue grew by more than 80%, and she fundamentally reshaped the company's identity from a junk-food purveyor to a diversified global food and beverage giant.
Source - Ramon Laguarta2018–present
Chairman of the Board & Chief Executive Officer
He sustained strong organic revenue growth and protected operating margins through historically challenging supply chain conditions, while committing the company to major sustainability and packaging reduction goals.
Source
Timeline: Marvell and PepsiCo side by side
1898PepsiCo
Pepsi-Cola Invented in North Carolina
Caleb Bradham formulated the original digestive cola syrup in his drugstore.
1965PepsiCo
Historic Merger of Pepsi-Cola & Frito-Lay
Donald Kendall and Herman Lay created PepsiCo, uniting snacks and soft drinks.
1975PepsiCo
Launch of the Pepsi Challenge
National blind taste tests shook Coca-Cola's market dominance and redefined advertising.
1995Marvell
Marvell founded
Sehat Sutardja, Weili Dai and Pantas Sutardja found Marvell to build CMOS read-channel chips for hard disk drives.
1997PepsiCo
Restaurant Business Spun Off
PepsiCo spun off its restaurant businesses (Pizza Hut, Taco Bell and KFC) as Tricon Global Restaurants, now Yum! Brands, in 1997.
1998PepsiCo
Acquisition of Tropicana ($3.3B)
Acquired chilled orange juice leader Tropicana to dominate morning beverages.
2000Marvell
Nasdaq IPO
Marvell lists on Nasdaq under the ticker MRVL.
2001Marvell
Galileo Technology acquired
Marvell buys Israeli networking chipmaker Galileo Technology in a stock deal of about $2.7 billion, building its Ethernet switch business.
2001PepsiCo
Acquisition of Quaker Oats & Gatorade ($13.4B)
Acquired Quaker Oats, adding sports hydration pioneer Gatorade to the portfolio.
2006Marvell
Intel XScale business acquired
Marvell buys Intel's communications and application processor (XScale) business for about $600 million, expanding into mobile chips it later exited.
2006PepsiCo
Indra Nooyi becomes CEO
Indra Nooyi became CEO of PepsiCo in 2006. Chief executive of PepsiCo from 2006 to 2018.
2011PepsiCo
Wimm-Bill-Dann Acquired
PepsiCo completed its acquisition of the Russian dairy and juice company Wimm-Bill-Dann in 2011.
2016Marvell
Matt Murphy becomes CEO
After an audit committee investigation and a settlement with Starboard Value, the founders leave and former Maxim executive Matt Murphy becomes CEO.
2018Marvell
Cavium acquired
Marvell acquires Cavium for about $6 billion, adding OCTEON processors and networking products.
2018PepsiCo
Acquisition of SodaStream ($3.2B) & Ramon Laguarta Appointed CEO
Acquired SodaStream to pioneer eco-friendly dispensing; Ramon Laguarta took over as CEO.
2019Marvell
Aquantia and Avera Semi acquired
Marvell buys Aquantia for about $452 million and GlobalFoundries' Avera Semi custom ASIC unit for $650 million.
2021Marvell
Inphi acquired and move to Delaware
Marvell closes its roughly $10 billion Inphi acquisition, adding optical DSPs, and redomiciles from Bermuda to Delaware as Marvell Technology, Inc.
2021Marvell
Innovium acquired
Marvell acquires Ethernet switch startup Innovium for about $1.1 billion in stock, adding the Teralynx switch family.
2022PepsiCo
Strategic Distribution Alliance with Celsius ($550M)
Secured master global distribution for fast-growing energy brand Celsius.
2025Marvell
Automotive Ethernet sold to Infineon
Marvell completes the $2.5 billion sale of its automotive Ethernet business to Infineon, recognizing a pre-tax gain of about $1.8 billion.
2025PepsiCo
poppi Acquisition and Elliott-Backed Plan
Closed the $1.95 billion poppi deal and announced a North America cost and pricing reset in December.
2026Marvell
Celestial AI acquisition closes
On February 2, 2026, Marvell completes its acquisition of photonic interconnect startup Celestial AI, valued at about $3.25 billion upfront in cash and stock.
2026Marvell
Fiscal 2026 revenue of $8.195 billion
Marvell reports fiscal 2026 net revenue of $8.195 billion, up 42%, with Data Center at 74%.
2026Marvell
Nvidia invests $2 billion
On March 31, 2026, Nvidia invests $2 billion in Marvell and the companies partner to connect Marvell silicon to Nvidia systems through NVLink Fusion.
2026Marvell
Dan Durn named CFO
Former Adobe CFO Dan Durn becomes Marvell CFO on June 15, 2026, succeeding Willem Meintjes.
2026Marvell
Record Q2 fiscal 2027 revenue
Marvell reports record quarterly revenue of $2.739 billion, up 37% year over year, and raises its fiscal 2027 and 2028 outlook.
2026PepsiCo
Price Cuts on Core Snacks
Lowered prices on major Frito-Lay brands by up to 15% to recover US volumes.
Acquisitions
Marvell
- Celestial AI2026$3.3B
- Inphi Corporation2021$10B
- Innovium2021$1.1B
- Cavium2018$6B
PepsiCo
- poppi2025$1.9B
- SodaStream International2018$3.2B
- The Quaker Oats Company (including Gatorade)2001$13.4B
- Tropicana Products1998$3.3B
Questions about Marvell vs PepsiCo
Who is the CEO of Marvell Technology, Inc. and PepsiCo, Inc.?
Marvell Technology, Inc. is led by Matthew J. Murphy and PepsiCo, Inc. is led by Ramon Laguarta. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Marvell Technology, Inc. founded vs PepsiCo, Inc.?
PepsiCo, Inc. was founded in 1965 — 30 years before Marvell Technology, Inc., which was founded in 1995. PepsiCo, Inc.'s longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Marvell Technology, Inc..
How many employees does Marvell Technology, Inc. have compared to PepsiCo, Inc.?
Marvell Technology, Inc. employs approximately 7,400 people, while PepsiCo, Inc. employs approximately 306,000. PepsiCo, Inc. has the larger workforce at 306,000 employees, compared to Marvell Technology, Inc.'s 7,400. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Marvell Technology, Inc. and PepsiCo, Inc. headquartered?
Both Marvell Technology, Inc. and PepsiCo, Inc. are headquartered in United States, meaning they operate under the same primary regulatory and tax environment.
Who founded Marvell Technology, Inc. and PepsiCo, Inc.?
Marvell Technology, Inc. was founded by Sehat Sutardja, Weili Dai, Pantas Sutardja. PepsiCo, Inc. was founded by Caleb Bradham, Donald M. Kendall, Herman W. Lay.
Which company has a longer operating history — Marvell Technology, Inc. or PepsiCo, Inc.?
PepsiCo, Inc. has been operating for approximately 61 years, making it the more established of the two companies. Marvell Technology, Inc. has been in operation for around 31 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Marvell vs PepsiCo overview