Keurig Dr Pepper Overhauls Executive Ranks Ahead of CEO Change
July 19 2022 - 8:53AM
Dow Jones News
By Will Feuer
Keurig Dr Pepper Inc. shuffled a number of its executives around
ahead of current Finance Chief Ozan Dokmecioglu's transition to
chief executive on July 29, when current CEO Bob Gamgort is
expected to become executive chairman.
Derek Hopkins, who currently serves as president of cold
beverages, has decided to leave the company at the end of the year
to pursue family and personal interests, the company said. He is
expected to continue to serve in an advisory role in 2023.
Keurig said it would separate Mr. Hopkins's current role into
two: president of commercial and president of cold beverages. The
company has launched an external search for a new president of cold
beverages, and expects to fill the role before the year ends.
Andrew Archambault, who currently serves as customer chief, has
been promoted to the role of president of commercial, effective
Aug. 1, and would become a member of the executive leadership team.
Mr. Archambault is expected to continue to lead sales planning and
execution for national and regional accounts, with the additional
responsibility for fountain foodservice and revenue growth
management, the company said.
Mauricio Leyva, who joined Keurig in 2020 and currently serves
as president of coffee, will assume an expanded role as group
president, effective Aug. 1. Mr. Leyva is expected to continue to
lead coffee and add responsibility for the international
businesses, previously led by Mr. Dokmecioglu, as well as the
continued evolution of the digitalization of the company.
Additionally, David Thomas, who has been with Keurig and its
predecessor companies since 2006 and currently serves as chief
research and development officer, will be retiring from the company
upon the naming of his successor. An external search is underway,
the company said.
Keurig also said George Lagoudakis, who currently serves as
senior vice president of finance for cold beverages, is expected to
serve as interim finance chief of the company, when Mr. Dokmecioglu
transitions to CEO later this month.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
July 19, 2022 08:38 ET (12:38 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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