BURLINGTON, Mass. and FRISCO, Texas, July 19,
2022 /CNW/ -- Keurig Dr Pepper Inc. (NASDAQ: KDP)
today announced changes to its executive leadership team, in
advance of the Company's previously-announced CEO transition at the
end of this month.
As announced on April 5, 2022,
Ozan Dokmecioglu will transition
from the position of CFO & President, International to the
position of CEO on July 29, at which
time Chairman & CEO Bob Gamgort
will transition to the role of Executive Chairman.
Derek Hopkins, who currently
serves as President, Cold Beverages and has broad responsibility
for KDP's commercial functions, has decided to leave KDP at the end
of 2022 to pursue family and personal interests he's put on hold
for some time. Hopkins will continue to serve in an advisory
role in 2023 to Gamgort and Dokmecioglu, with whom he has partnered
for the past six years to transform Keurig Green Mountain (KGM),
lead the successful integration of the KDP merger and drive
outsized growth for KDP's cold business.
The Company has decided to separate Hopkins' current role into
two – President, Commercial and a more focused President, Cold
Beverages role. KDP has launched an external search for a new
President, Cold Beverages, and expects to fill the role prior to
year-end.
Andrew Archambault, who currently
serves as Chief Customer Officer, has been promoted to the
President, Commercial role, effective Aug.
1, and will become a member of the Executive Leadership
Team, reporting to Dokmecioglu. Archambault joined KDP in 2018 and
has more than 25 years of leadership experience in the CPG
industry. In his new position, Archambault will continue to lead
sales planning and execution for national and regional accounts,
with the additional responsibility for fountain foodservice and
revenue growth management.
Mauricio Leyva, who joined KDP in
2020 and currently serves as President, Coffee, will assume an
expanded role as Group President, effective Aug. 1. In this
role, Leyva will continue to lead Coffee and add responsibility for
the international businesses previously led by Dokmecioglu, as well
as the continued evolution of the digitalization of KDP.
David Thomas, who has been
with KDP and its predecessor companies since 2006 and currently
serves as Chief Research & Development Officer, will be
retiring from the Company upon the naming of his successor.
An external search is underway, and Thomas has agreed to remain
with KDP to ensure a seamless transition.
At the time of the CEO transition announcement, the Company
communicated that it had launched an external search process for a
CFO to replace Dokmecioglu. To ensure full coverage during
the transition, effective July 29,
George Lagoudakis, who currently
serves as Senior Vice President of Finance for Cold Beverages and
has more than 25 years of global financial management experience in
the food industry, has been appointed to the interim role of KDP
CFO, reporting to Dokmecioglu.
All other Executive Leadership Team members will continue in
their current roles.
Reflecting upon the evolution of his leadership team,
Dokmecioglu stated, "I want to thank Derek for his strong
partnership and the significant value he helped to create at KGM
and KDP. I am grateful for his ongoing support as an advisor
to the Company. I'd also like to thank David for his
significant contributions to KDP and our predecessor companies over
the past 16 years and his plan to remain with KDP to transition to
his successor. I wish him all the best as he moves into
retirement. Finally, I'd like to congratulate Mauricio on his
expanded role and Andrew and George on their new roles. I
also want to express my gratitude to the entire KDP Executive
Leadership Team for their strong support."
Gamgort added, "Ozan embarks as CEO of KDP with a talented team
and thoughtful transition plan. I am pleased to have the continued
support of Derek, who has been a great partner in the significant
value creation we have driven at KDP. I am also grateful to
David for his strong leadership, expertise and development of our
R&D function and wish him well in his retirement."
About Keurig Dr Pepper
Keurig Dr Pepper (KDP) is a leading beverage company in
North America, with annual revenue
approaching $13 billion and
approximately 27,000 employees. KDP holds leadership positions in
soft drinks, specialty coffee and tea, water, juice and juice
drinks and mixers, and markets the #1 single serve coffee brewing
system in the U.S. and Canada. The
Company's portfolio of more than 125 owned, licensed and partner
brands is designed to satisfy virtually any consumer need, any
time, and includes the owned brands of Keurig®, Dr Pepper®, Green
Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®,
CORE® and The Original Donut Shop®. Through its powerful sales and
distribution network, KDP can deliver its portfolio of hot and cold
beverages to nearly every point of purchase for consumers. The
Company is committed to sourcing, producing and distributing its
beverages responsibly through its Drink Well. Do Good. corporate
responsibility platform, including efforts around circular
packaging, efficient natural resource use and supply chain
sustainability. For more information, visit
www.keurigdrpepper.com.
Investor Contact:
Steve
Alexander
Keurig Dr Pepper
T: 972-673-6769 / steve.alexander@kdrp.com
Media Contact:
Katie
Gilroy
T: 781-418-3345 / katie.gilroy@kdrp.com
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SOURCE Keurig Dr Pepper Inc.