Keurig Dr Pepper CEO Dokmecioglu Resigns Over Conduct Code Violations -- Update
November 10 2022 - 9:28AM
Dow Jones News
By Colin Kellaher
Keurig Dr Pepper Inc. on Thursday said Ozan Dokmecioglu, who
took the helm of the beverage maker at the end of July, has
resigned as president, chief executive and a board member over
violations of the company's code of conduct.
The Burlington, Mass., company said Bob Gamgort, who has been
serving as executive chairman since handing the reins to Mr.
Dokmecioglu, has reassumed the CEO post.
Keurig didn't disclose details of the violations by Mr.
Dokmecioglu but said they were unrelated to the company's strategy,
operations or financial reporting.
"Every employee, without exception, is accountable for knowing
and following" the company's code of conduct, Keurig's lead
director, Paul Michaels, said.
Mr. Dokmecioglu had been serving as Keurig's chief financial
officer and president of its international operations before he was
tapped to succeed the 60-year-old Mr. Gamgort, who had been CEO
since the 2018 union of Keurig Green Mountain and Dr Pepper
Snapple.
Keurig said Mr. Gamgort, 60 years old, would also continue to
serve as executive chairman, adding that Mr. Dokmecioglu's
departure reduces the size of its board to 11 members.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 10, 2022 09:13 ET (14:13 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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