Keurig Dr Pepper announces executive leadership changes
Keurig Dr Pepper Inc. has revamped its executive leadership team: alongside its previously-announced CEO transition.
As announced in July, Ozan Dokmecioglu moves from CFO & President, International to become the company's CEO; while Chairman & CEO Bob Gamgort transitions to the role of Executive Chairman.
Alongside the CEO change, a number of other leadership changes are taking place.
Derek Hopkins, who currently serves as President, Cold Beverages and has broad responsibility for KDP's commercial functions, will leave KDP at the end of 2022 to pursue family and personal interests. 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.
KDP will 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 becomes 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 will remain with KDP until this time.
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.
The company has launched an external search process for a CFO to replace Dokmecioglu. 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.
