PLANO, Texas,
June 22, 2017 /PRNewswire/ -- Dr
Pepper Snapple Group, Inc. (NYSE: DPS) today announced that Lain
Hancock has been named chief executive officer for Bai Brands. He
will take over leadership from Bai founder Ben Weiss, who has left the business.
Hancock had previously
served as executive vice president, human resources for DPS. He has
also held multiple senior leadership positions with the company's
supply chain organization, including continuous improvement,
manufacturing and procurement. He joined the company in 2007 after
serving as a consultant at McKinsey & Co. and an aviation
branch officer in the U.S. Army.
Hancock will work closely
with Ken Kurtz, Bai's president of
sales, to drive alignment and coordination between Bai and the DPS
selling organization and deliver profitable growth over the long
term for the brand.
"Lain knows how to inspire and lead winning teams and
develop and execute business plans guided by data and insight,"
said Larry Young, DPS president and
CEO. "As part of our executive leadership team for the past four
years, he understands how to best bring Dr Pepper Snapple's full
capabilities and resources to support Bai's sales, marketing and
brand building efforts."
Young added that Weiss is leaving the business with strong
momentum and in good hands.
"Ben created one of the beverage industry's most
disruptive innovations in recent years. The team at Bai is well
positioned to drive growth for the brand well into the future,"
said Young. "We appreciate all that he has done to build an amazing
brand and a phenomenal team, and we wish him well."
Weiss, who started Bai in 2009 in the basement of his
Princeton, N.J., home, said, "This
is the culmination of an amazing journey for me and my family. What
we created at Bai made history. I could not be prouder of the
Unbelievers I worked side-by-side with growing Bai to be a
disruptor and leader in the beverage industry. This extraordinary
brand has been embraced by millions of consumers, and I am
confident in its future."
About Dr Pepper Snapple Group
Dr Pepper Snapple Group (NYSE: DPS) is a leading producer of
flavored beverages in North
America and the Caribbean.
Our success is fueled by more than 50 brands that are synonymous
with refreshment, fun and flavor. We have seven of the top 10
non-cola soft drinks, and nine of our 10 leading brands are No. 1
or No. 2 in their flavor categories. In addition to our flagship Dr
Pepper and Snapple brands, our portfolio includes 7UP, A&W,
Bai, Canada Dry, Clamato, Crush, Hawaiian Punch, IBC, Mott's, Mr
& Mrs T mixers, Peñafiel, Rose's, Schweppes, Squirt and Sunkist
soda. To learn more about our iconic brands and Plano, Texas-based company, please visit
www.DrPepperSnapple.com. For our latest news and updates, follow us
at www.Facebook.com/DrPepperSnapple or
www.Twitter.com/DrPepperSnapple.
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Contacts:
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Media
Relations
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Chris Barnes, (972) 673-5539
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Investor Relations
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Heather Catelotti, (972) 673-5869
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SOURCE Dr Pepper Snapple Group, Inc.