Keurig Dr Pepper announces CEO transition

April 8, 2022
CFO Ozan Dokmecioglu to become CEO later this year. CEO Bob Gamgort to remain executive chairman for two years to support the transition.

The Keurig Dr Pepper board of directors has appointed Ozan Dokmecioglu, currently CFO and president of International, as the company's next CEO, effective July 29, 2022. Dokmecioglu will join the company's board of directors at that time. Bob Gamgort, currently chairman and CEO, has committed to serve as executive chairman of KDP for two years.

The announcement follows the successful completion of KDP's three-year merger integration period, including building the strength of the management team, and provides clarity on succession. It also reflects the opportunity for KDP to drive significant value creation through strategic capital allocation, following the completion in 2021 of the company's deleveraging phase and a heightened focus on continued operational excellence in a challenging and unpredictable macroeconomic environment.

As CEO, Dokmecioglu will lead the execution of the company's strategy and ensure continued operational excellence, both of which have enabled KDP to meet or exceed its public commitments, while Gamgort, as executive chairman, will lead the board of directors and oversee the deployment of KDP's significant discretionary cash flow. KDP's senior team will continue in their current roles, with the process for recruiting a CFO to succeed Dokmecioglu already underway.

Commenting on the announcement, Gamgort said, "I am excited to partner with Ozan, our leadership team and the KDP board of directors to drive continued growth and value creation. As we move into the next chapter for our modern beverage company, we're establishing a leadership team that can guide the success of KDP well into the future."

Dokmecioglu added, "I am honored to assume the role of KDP CEO at this important time for our company and look to the future excited by the enormous potential that lies ahead. I am grateful for the ongoing partnership with Bob and the support of our board of directors and leadership team, as we continue to work together to drive outsized value creation.”

Related

Keurig Dr Pepper
Lake Mead
Lake Mead
Lake Mead
Lake Mead
Lake Mead
Coffee Service

Keurig Dr Pepper announces aspiration for net positive water impact by 2050

March 23, 2022
In support of its new ambition, KDP joins the Water Resilience Coalition, bolstering the company's existing water stewardship commitments and resiliency across its value chain...
Keurig
Keurig 2021
Keurig 2021
Keurig 2021
Keurig 2021
Keurig 2021
Management

Keurig Dr Pepper reports full year 2021 results and delivery of three-year merger commitments

Feb. 24, 2022
The company delivers high single-digit revenue growth and double-digit EPS growth in 2021 and affirms guidance for 2022.
Keurig Dr Pepper Inc.
Keurig Dr Pepper Logo
Keurig Dr Pepper Logo
Keurig Dr Pepper Logo
Keurig Dr Pepper Logo
Keurig Dr Pepper Logo
Management

Keurig Dr Pepper to report 2021 Q4 results: Feb. 24

Jan. 10, 2022
Keurig Dr Pepper Inc. (Nasdaq: KDP) will release its financial results for the fourth quarter, ended Dec.31, before the market opens on Thursday, Feb. 24. The coffee company will...