BURLINGTON, Mass. and FRISCO,
Texas, Nov. 2, 2023
/CNW/ -- Keurig Dr Pepper Inc. (NASDAQ: KDP) today announced
several leadership appointments effective Nov. 6, setting in place a seasoned and dynamic
Executive Leadership Team (ELT) that will drive the Company's next
phase of growth.
Andrew Archambault, who
currently serves as President, Commercial & Beverage
Concentrates, is named President, U.S. Refreshment Beverages. In
this role, Archambault will lead all aspects of the business
segment, including marketing, fountain foodservice, concentrate
sales, and KDP's nationwide direct store delivery (DSD) network.
Since joining the Company in 2017, Archambault's leadership has
increased market share across cold and coffee categories, provided
best-in-class capabilities and insights to customers and partners,
and built high-performing teams.
Patrick Minogue, who
currently serves as SVP and General Manager, Coffee, is promoted to
President, U.S. Coffee. Since joining the Company in 2015, Minogue
has played a key role in the innovation and growth of the Keurig
system, including the successful launch of connected brewers, the
strategy and products that are capturing iced and specialty coffee
occasions, and the ongoing growth of KDP's leading e-commerce
platforms, including Keurig.com. In his new role, Minogue will
further the Company's leadership position in the single-serve
coffee category, delivering significant value for all stakeholders
of the ecosystem.
Sudhanshu Priyadarshi,
CFO, expands his role to include the position of President,
International, with responsibility for Keurig Dr Pepper Canada and
Grupo Penafiel, KDP's Canada and Mexico businesses, respectively. With
his 20 years of experience, much of that in CPG and retail,
Priyadarshi is a strong financial and operational leader with a
deep knowledge of the business. His leadership will play a pivotal
role in the continued growth of KDP's International business
segment.
Monique Oxender is
appointed Chief Corporate Affairs Officer, having built a strong
foundation and strategic vision as interim leader. She had
previously been the Company's Senior Vice President & Chief
Sustainability Officer, where she designed a comprehensive
framework for the Company's ambitious corporate responsibility
platform.
Mauricio Leyva, who has
led the ongoing success of KDP's International businesses along
with positioning U.S. Coffee for accelerated growth, will remain in
his role as Group President through Dec. 31,
2023, supporting the transition, and move to an advisory
role in 2024.
As previously announced, Tim
Cofer joins KDP's ELT as Chief Operating Officer on
Nov. 6, with a planned transition to
CEO in the second quarter of 2024. All other ELT members continue
in their roles.
Reflecting upon this leadership evolution, Chairman and CEO
Bob Gamgort shared, "This Executive
Leadership Team is proven, deeply capable and prepared to set the
course for KDP's continued success, backed by 28,000 team members
who know how to win." He also added, "I'd like to thank Mauricio
for his leadership and look forward to his ongoing support as an
advisor to the Company."
Investor Contacts:
Jane
Gelfand
T: 888-340-5287 / jane.gelfand@kdrp.com
Chethan Mallela
T: 888-340-5287 / chethan.mallela@kdrp.com
Media Contact:
Katie
Gilroy
T: 781-418-3345 / katie.gilroy@kdrp.com
ABOUT KEURIG DR PEPPER
Keurig Dr Pepper (KDP) is a
leading beverage company in North America, with annual revenue
of more than $14 billion and approximately 28,000
employees. KDP holds leadership positions in liquid refreshment
beverages, including 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 Keurig®, Dr Pepper®, Canada Dry®, Clamato®, CORE®, Green
Mountain Coffee Roasters®, Mott's®, Snapple®, 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's Drink Well. Do
Good. corporate responsibility platform is focused on the greatest
opportunities for impact in the environment, its supply chain, the
health and well-being of consumers and with its people and
communities. For more information,
visit www.keurigdrpepper.com.
FORWARD LOOKING STATEMENTS
Certain statements
contained herein are "forward-looking statements" within the
meaning of applicable securities laws and regulations. These
forward-looking statements can generally be identified by the use
of words such as "outlook," "guidance," "anticipate," "expect,"
"believe," "could," "estimate," "feel," "forecast," "intend,"
"may," "plan," "potential," "project," "should," "target," "will,"
"would," and similar words. Forward-looking statements by their
nature address matters that are, to different degrees, uncertain.
These statements are based on the current expectations of our
management, are not predictions of actual performance, and actual
results may differ materially.
Forward-looking statements are subject to a number of risks and
uncertainties, including the factors disclosed in our Annual Report
on Form 10-K and subsequent filings with the SEC. We are under no
obligation to update, modify or withdraw any forward-looking
statements, except as required by applicable law.
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SOURCE Keurig Dr Pepper Inc.