Keurig Dr Pepper Inc. announced the resignation of Ozan Dokmecioglu as chief executive officer and a member of the KDP board of directors.
Bob Gamgort, the company's current executive chairman and former CEO, was reappointed by the board to the role of CEO, in addition to continuing as chairman.
Dokmecioglu agreed to resign due to violations of the company's Code of Conduct that were unrelated to strategy, operations or financial reporting.
Paul S. Michaels, lead director of the KDP board, stated in the announcement, "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. 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."
Gamgort added in the announcement, "KDP has a deep and talented executive team. I look forward to continuing to work with the leadership team and the Board in the role I held less than four months ago."