BURLINGTON, Mass. and
PLANO, Texas, Jan. 14, 2019 /PRNewswire/ -- Keurig Dr Pepper
(NYSE: KDP) announced today that its Board of Directors has elected
CEO Bob Gamgort as Executive
Chairman of the Board, effective immediately. Mr. Gamgort was the
principal architect behind the successful transformation of Keurig
Green Mountain (KGM) and subsequent merger with Dr Pepper Snapple
Group, which created Keurig Dr Pepper. Mr. Gamgort assumes the role
of Chairman from Bart Becht, who is
stepping down from the Board in conjunction with his retirement
from JAB, KDP's controlling shareholder.
The KDP Board of Directors also appointed Fabien Simon, JAB's recently named Partner and
Chief Financial Officer, as a director, assuming Mr. Becht's seat
on the KDP Board. Mr. Simon most recently was CFO of Jacobs
Douwe Egberts ("JDE"), where he led the company's M&A strategy
and helped oversee the integration of the coffee business of
Mondelez into Douwe Egberts to create JDE.
ABOUT KEURIG DR PEPPER
Keurig Dr Pepper (KDP) is a
leading coffee and beverage company in North America, with
annual revenue in excess of $11 billion. 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. The Company maintains an unrivaled
distribution system that enables its portfolio of more than 125
owned, licensed and partner brands to be available nearly
everywhere people shop and consume beverages. With a wide range of
hot and cold beverages that meet virtually any consumer need, KDP
key brands include Keurig®, Dr Pepper®, Green
Mountain Coffee Roasters®, Canada Dry®,
Snapple®, Bai®, Mott's® and
The Original Donut Shop®. The Company employs more than
25,000 employees and operates more than 120 offices, manufacturing
plants, warehouses and distribution centers across North
America. For more information,
visit www.keurigdrpepper.com.
Contacts
Investors:
Steve
Alexander
T: 972-673-6769/ steve.alexander@dpsg.com
Media:
Katie
Gilroy
T: 781-418-3345/ katie.gilroy@keurig.com
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SOURCE Keurig Dr Pepper