Keurig Dr Pepper CEO resigns after less than four months in the role
Dokmecioglu agreed to resign ‘due to violations of the company's Code of Conduct that were unrelated to strategy, operations or financial reporting’, says a statement from KDP, without giving further details.
Dokmecioglu took on the role of CEO on July 29, moving up from his previous role as CFO and president, International. Bob Gamgort had agreed to remain as executive chairman for two years to support the transition
"Keurig Dr Pepper's Code of Conduct is built on a foundation of ethics, integrity and personal responsibility. Every employee, without exception, is accountable for knowing and following the Code," said Paul S. Michaels, Lead Director of the KDP Board. "Bob's vision and leadership have driven KDP's success as a modern beverage company to date, and the Board is grateful for his willingness to return as CEO."
"KDP has a deep and talented executive team" said Gamgort. "I look forward to continuing to work with the leadership team and the Board in the role I held less than four months ago."
Keurig Dr Pepper has annual revenue approaching $13bn and approximately 27,000 employees. Its focuses are on soft drinks, specialty coffee and tea, water, juice and juice drinks and mixers: with a portfolio of 125 owned, licensed and partner brands including Keurig, Dr Pepper, Green Mountain Coffee Roasters, Canada Dry, Snapple, Bai, Mott's, CORE and The Original Donut Shop.